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Night Vision Surveillance Cameras Market Analysis by Product Type (Dome Camera, Bullet Camera and Box Camera); by Type {PTZ (Pan, Tilt and Zoom) and Fixed}; and by End Use Application (Retail, Business Organization, Transportation, Public Sector & Defense, Industrial, Stadiums and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • BAE Systems plc's U.S. Subsidiary BAE Systems Inc. today announced the launch of the "Hawkeye" sensor, which has high-performance imaging capabilities and is optimal for surveillance applications and battery-powered military systems. The new 1.6-megapixel Hawkeye sensor also features market-leading night vision capabilities and allows for imagery to be captured during cloudy conditions.
  • Teledyne Technologies Incorporated, today announced the successful acquisition of FLIR Systems, Inc. On May 12, 2021, the stockholders approved the Agreement and Plan of Merger. FLIR now will be a part of Teledyne’s digital imaging segment and the newly formed company will be operating under the name Teledyne FLIR LLC.   

Global Night Vision Surveillance Cameras Market Size, Forecast, and Trends Highlights Over 2022 - 2031

Night-Vision-Surveillance-Cameras-Market-Scope

The global night vision surveillance cameras market is estimated to garner a revenue of ~USD 790 billion by the end of 2031 by growing at a CAGR of ~21% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 83 billion in the year 2021. The market is estimated to grow on the back of rising demand of night vision surveillance cameras from military and defense industry for security & safety concerns & monitoring border areas. In addition, the military and defense sectors are adopting and spending more on night vision surveillance cameras to meet the increasing demand for night patrol and combat operations. According to the World Bank data, global military expenditure in proportion with gross domestic product (GDP) stood at around 2.4% in 2020, up from 2.2% in 2019.

Night-Vision-Surveillance-Cameras-Market

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The global night vision surveillance cameras market is also estimated to witness growth on account of rising trend of smart homes. According to estimates, the number of smart homes worldwide is expected to reach 345 million by 2023, up from 220 million in 2020. Moreover, this figure is expected to cross 460 million by the end of 2025. Moreover, the integration of near-infrared (NIR) imaging technology in night vision surveillance cameras is expected to drive the market growth as it enables night vision systems to track and detect motion even in dim light or darkness.  Hence, such factor is anticipated to boost the growth of the market in the coming years.

Global Night Vision Surveillance Cameras Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Government Support through Various Schemes and Investments – Modern technology enables night vision surveillance cameras to be incorporated inside drones. Moreover, the increasing use of drones for security purpose is anticipated to increase the market demand for the night vision surveillance cameras. According to the data, in September 2021, the Indian government allocated a production linked incentive (PLI) scheme worth ~USD 3 billion for the drone and auto industry.
  • Increased Research & Development Expenditure – As per data by the World Bank, global research and development expenditure in proportion with gross domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018.
  • Rising Number of Stadiums Globally – According to data published in 2020, there were about 5,500 stadiums around the world and Brazil has the second highest number of stadiums, i.e., around 880.
  • Benefits of Night Vision Surveillance Cameras in Homes and Offices – According to recent statistics, if a surveillance camera is installed in a home, the chances of theft are reduced by 250%.
  • Rising Heavy Investment on Infrastructures – According to the data, in the next five years, the Indian government is planning to spend ~USD 1.3 trillion on infrastructure through the National Infrastructure Pipeline.

Challenges

  • High Cost of Night Vision Surveillance Cameras
  • Insufficient Data Storage Capacity
  • Less Awareness about the Benefits of Night Vision Surveillance Cameras in the Market

The night vision surveillance cameras market is segmented and analyzed for demand and supply by type into PTZ (Pan, Tilt and Zoom) and fixed. Out of these segments, PTZ segment is anticipated to garner the largest market share over the forecast period, owing to the growing adoption of PTZ cameras across numerous sectors including airports, supermarkets, museums, construction sites, large outdoor areas, and guard stations. According to statistics, in the United States, in 2019, there were about 5,000 airports for public use and about 14,500 for private use, and by 2020, the number of airports for public and private use grew to approximately 5,200 and 14,700. Hence, such factor is estimated to fuel the growth of the market segment in the coming years.

Global Night Vision Surveillance Cameras Market Regional Synopsis

Regionally, the global night vision surveillance cameras market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to hold the largest market share by the end of 2031. This can be accredited to the increasing security breaches, retail availability of night vision surveillance cameras and rising number of stadiums in the region. As per data, in the United States, there were around 900 stadiums, which is the highest in any country. Such factor is estimated to foster the market growth in the region.

Further, the market in Asia Pacific is anticipated to grow with an exponential rate during the forecast period, owing to the rising infrastructures, increasing demand for location-based gadgets amongst government sectors and public transportation including airports, train station and others. According to statistics, Indian Railways infrastructure is estimated to have an investment of around ~USD 710 billion by the end of 2030. Moreover, rising military and defense spending in the region is also estimated to propel the market growth in the APAC region. 

Night-Vision-Surveillance-Cameras-Market-Analysis

The global night vision surveillance cameras market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global night vision surveillance cameras market includes the following segments:

By Product Type

  • Dome Camera
  • Bullet Camera
  • Box Camera

By Type

  • PTZ (Pan, Tilt and Zoom)
  • Fixed

By End Use Application

  • Retail
  • Business Organization
  • Transportation
  • Public Sector and Defense
  • Industrial
  • Stadiums
  • Others

Top Featured Companies Dominating the Global Night Vision Surveillance Cameras Market

  • Axis Communications AB
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Teledyne FLIR LLC
  • HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO. LTD
  • BAE Systems plc
  • L3Harris Technologies, Inc.
  • Canon Inc.
  • Bosch Sicherheitssysteme GmbH
  • Honeywell International Inc.
  • Panasonic Holdings Corporation
  • Dahua Technology Co., Ltd

 

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