Military Night Vision Device Market Segmentation By Device Type (Goggle, Camera, Scope); By Technology (Image Intensifier, Thermal Imaging, Infrared Illumination); By Application (Surveillance, Navigation, Targeting, and Others) and By Region - Global Demand Analysis & Opportunity Outlook 2027
Buy Now Report ID: 1539 | Published Date: Feb 02, 2023
Emergence of Night Vision Devices with Thermal Imaging
The addition of thermal imaging technique into night vision devices is proving to be a great innovation. Night vision provides soldiers with greater situational awareness by illuminating the surroundings during night time operations, while thermal imaging help soldiers locate a target in poor visibility conditions. This integration innovation provide soldiers the ability of sight in low visibility conditions, such as fog or heavy smoke, and handles the seamless transition from day to night and from far-sight to close-up.
Low Costs
Night vision devices are becoming considerably cheaper, and are being procured by the common people for a wide variety of applications, ranging from hunting to paranormal research. Currently, there are a number of investments by companies, such as BAE Systems Plc, Elbit Systems Ltd, FLIR Systems Inc., on military night vision device, which would significantly drive the market growth. The rising terrorist attacks and focus on counter operations, increasing incidences of border trespassing and focus on border protection are the key factors driving the growth of global military night vision market.
Substitute Product
Increased usage of drones is the major factor hampering the growth of military night vision market. The reduced government spending on vision equipment will significantly hamper the growth of the market during the forecast period.
The global military night vision device market is anticipated to record a CAGR of around 10% over the forecast period i.e. 2019-2027. This growth is on the account of rising terrorist attacks and focus on counter operations, increasing incidences of border trespassing and focus on border protection. With the increased spending by the government on the devices to fulfill patrolling and combat operations is one of the major factors driving the growth of global military night vision device market. In recent years, the U.S. Army placed orders worth USD 97 million for night vision devices and thermal weapon sights. The investments are important in making sure that the military operations continue to be efficient.
The military night vision market is segmented on the basis of device type, by technology and by applications. On the basis of device type, military night vision market is segmented into goggle, camera and scope. Out of which goggle segment is estimated to hold major market share attributed to the equipment being detachable and lightweight in nature. Moreover, the role it plays in increasing the situational awareness of soldiers can boost its demand in the coming years. Based on the applications, military night vision market is segmented into surveillance, navigation, targeting, and others. Out of which surveillance segment is anticipated to witness fast growth. To protect the people from growing threats of terrorism, governments are spending on surveillance systems to imbue situational awareness amongst soldiers.
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Author Credits: Ipsheeta Dash, Sadaf Naaz
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