Night Vision Device Market Size & Share, Sector / Industry Report & Analysis, 2019-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Business Software & Services Market


The global night vision device market size was valued at USD 5.84 billion in 2018 and is expected to register a CAGR of 8.1% from 2019 to 2025. Growing popularity of the devices among nature enthusiasts and wildlife researchers is likely to propel the demand. Moreover, the reasonable cost and technical feasibility of providing soldiers with night vision devices capable of producing color images are expected to drive the market growth.
Night vision device such as goggles find several uses in the military sector, such as surveillance, navigation, rescue, and combat activities. Law enforcement authorities use night goggles to conduct training activities and to ensure mission readiness of the defense personnel. A suitable set of night-vision device can allow clear visibility over 150-200 yards on a moonless cloudy night. This factor is anticipated to drive the product demand over the forecast period.

  
Technological innovations such as improvements in the components used in night vision device contribute to night vision device market development. For instance, the integration of weapon locating devices such as rangefinders and viewfinders with goggles allow military personnel to aim at the target with great accuracy. Rising availability of such advanced products is also likely to drive the growth. The demand for lightweight night vision devices is gaining traction in the market. Lightweight binocular device offering high optical performance are presently available in the market.
Currently, BAE Systems, L3, Harris Corporation, and DRS are engaged in the development of Enhanced Night Vision Goggles (ENVGs) and Family of Weapon Sight-Individual (FWS-I) as contracted with the U.S. Army. ENVGs help soldiers navigate easily in all conditions and levels of light, hence improving the functional value of the night vision goggles. A major advantage is the rapid target detection that improves shooting accuracy by offering a simultaneous line of visibility that enables the shooter to aim effortlessly.
Stringent norms and regulations set by governments on the product usage and the high intensity of market competition represents a major challenge for key players. In addition, significant costs of manufacturing, limit the production capacity, and therefore these devices are made available only to the military forces. Moreover, the commercial availability for the general population increases the chance of security breaches in government premises, thus restraining the market growth.

Market Segmentation, Outlook & Viewpoint: Global Business Software & Services Market


This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2025. For the purpose of this study, Grand View Research has segmented the global night vision device market report based on type, technology, application, and region:

Type Outlook (Revenue, USD Million, 2014 - 2025)

Camera

Goggles

Scope

Others

Technology Outlook (Revenue, USD Million, 2014 - 2025)

Image Intensifier

Thermal Imaging

Others

Application Outlook (Revenue, USD Million, 2014 - 2025)

Defense

Wildlife Spotting

Wildlife Conservation

Surveillance

Navigation

Others



Key Players, Recent Developments & Regional Insights: Global Business Software & Services Market


In terms of application, the defense segment accounted for the largest share of the market in 2018 and is expected to expand at a significant CAGR over the forecast period. The notable rise in military activities at nights and during conditions with poor visibility has led to a significant rise in demand.

  
In 2018, the wildlife conservation application stood as the second-largest segment owing to the rise in night safaris and wildlife research activities. Funding provided by governments to carry out wildlife research has enabled researchers to employ advanced products.
Wildlife research activities necessitate the use of a variety of devices, especially during nights as surveillance and navigation often form a major part of wildlife research. The thermal imaging technique is often used to serve this purpose as it amplifies the light and enables high visibility for objects perceived identical in the day time. It also spots the difference in body temperature, which makes it easy to differentiate between animals and humans. Commonly used thermal imaging devices for hunting are imaging monocular and thermal imaging rifle scopes.

Regional Insights


North America led in 2018 owing to the extensive usage of products in the U.S. army. In addition, intensive R&D activities undertaken for devising advanced devices contribute to the promising development of the regional market. It was valued at USD 3.18 billion in 2018 and is expected to account for a higher revenue share by 2025, which can be attributed to the presence of a large number of vendors.
Asia Pacific is expected witness the fastest growth, attributed to the rise in border disputes, extensive rise in expenditure on weapons and devices in the defense sector, and a notable rise in demand from the commercial sector. Constant developments in technology and a notable rise in the use by military forces are likely to boost the regional growth.
Europe accounted for a significant share of the market in 2018 and is expected to expand at a steady pace in the next six years. Countries such as Germany, France, and U.K. are increasingly adopting the products for city surveillance applications.
Night Vision Device Market Share Insights
Some of the key market players are American Technologies Network Corporation; Harris Corporation; FLIR Systems, Inc.; Raytheon Company; Yukon Advanced Optics Worldwide; Bushnell;  Firefield; Apresys, Inc., Luna Optics; and L3 Technologies, Inc. Leading players are mainly focusing on product developments, mergers and acquisitions, strategic partnerships, and business expansions to maintain their stronghold on the market.

Key Insights Covered: Global Global Business Software & Services Market
1.  Market size (sales, revenue and growth rate) of Global Business Software & Services industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Global Business Software & Services industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Global Business Software & Services industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Global Business Software & Services industry.

Research Methodology: Global Business Software & Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.