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Military Night Vision Device Market is projected to grow at approximately 10.8% CAGR by 2030

May, 2023 The Global Military Night Vision Device market projected to witness a CAGR of around 9% from 2023 to 2030.


Market Highlights:



Military Night Vision Device Market Size USD 8.8154 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.80% during the forecast period (2023 - 2030). 


Military night vision device is designed for the purpose of detecting objects in the dark using different types of technologies, such as image intensifier, thermal imaging, and infrared illumination. These optoelectronic devices tend to extend the perception of the human eye by making high resolution images. The increased need for the emergence of night devices with thermal imaging, development of lightweight military night vision devices, and wireless technology associated with night vision goggles will enable manufacturers to improve the quality of military night vision devices. The factors driving the growth of the global military night vision device market are the growing concern for national security, cheaper devices when compared to thermal imaging devices, and rising adoption of military night vision device by military and defense sector. However, the shortcoming in the military night vision device market includes the diminished procurement of night vision devices due to budgets cut and high initial cost.


On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South America. In the North American region, there is a presence of a large number of manufacturers and tier-1 suppliers. In the Asia Pacific region, the constant upgrades in technology as well as increase in the use of military night vision devices for civil and commercial applications will boost the growth of the market. The market for military night vision device is estimated to grow at 9% CAGR during the forecast period. There has been continuous evolution in the night vision technology, such as the latest generation 3 military night vision device uses a photocathode that comprises gallium arsenide, which helps improve image resolution.


 The scope of the Report


This study provides an overview of the Global Military Night Vision Device Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for America, Europe, Asia Pacific (APAC), Middle East & Africa and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Military Night Vision Device market by its fuel type, vehicle type, and region.


By Device Type


  • Camera

  • Scope

  • Goggle


By Technology


  • Image Intensifier

  • Thermal Imaging

  • Infrared Illumination


By Application


  • Surveillance

  • Navigation

  • Targeting

  • Others


By Region


  • America

  • Europe

  • Asia Pacific

  • Middle East & Africa

  • South America


Key Players


The key players in global military night vision device market are FLIR Systems (U.S.), Elbit Systems Ltd. (Israel), L3 Technologies Inc. (U.S.), Rockwell Collins Inc. (U.S.), Thales Group (France), BAE Systems (U.K.), American Technologies Network Corp. (U.S.), Harris Corporation (U.S.), Bharat Electronics Limited (India), Meopta – optika, s.r.o. (Czech Republic), and Newcon Optik (Canada).


 

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Report details
Base Year 2023
Companies Covered 15
Pages 140
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
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