PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627828
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627828
The night vision devices market is expected to grow at a CAGR of 6.91%, reaching a market size of US$12.661 billion in 2030 from US$9.070 billion in 2025.
A night vision device is an electronic device that helps in viewing or imaging landscapes under very low-light conditions. These devices consist of an image intensifier, an optical mounting system, and protective housing. They allow users to view in dark locations and enhance safety and security in low-visibility conditions.
The global aerospace sector's expansion is boosting the growth of the night vision devices market. In the aerospace landscape, these devices are majorly used to operate aeroplanes at night or dusk. The night vision devices are designed to use an electro-optical system.
The Aerospace Industries Association, in its report, stated that the US aerospace industry witnessed a growth of about 6.7% over the years. The agency stated that in 2021, the sales of the aerospace and defence industry were recorded at US$843.972 billion, which increased to US$892.216 billion in 2022. In 2023, the sales of the aerospace and defence sector increased to US$955.229 billion in 2023.
Night vision devices Market Drivers
Night vision devices, owing to their infrared illumination and thermal imaging, find high applicability in military and defence applications. With the rising prevalence of terrorist attacks globally, the demand for such devices by security personnel is expected to show significant growth in the coming years. Furthermore, major countries, namely India, China, the USA, and Russia are increasing their military funding to bolster their overall defence capabilities against domestic and international threats, providing further growth opportunities for night vision devices.
According to the SIPRI (Stockholm International Peace Research Institute) Military Expenditure, in 2023, the global military expenditure reached US$2,443 billion. The United States witnessed positive growth of 2.3% over 2022, with overall spending reaching US$916 billion. Their military also spent about USD 97 million on BAE Systems.
Night Vision Devices Market Geographical Outlook
The Night Vision Devices Market in North America will witness significant growth in the coming years due to the rising use of night vision devices during the conduct of operations at night, the increasing need for surveillance and reconnaissance, and technological advancements. These systems are highly imperative in border control, counter-terrorism, and gathering of intelligence. Personnel of night vision devices in the military and defence forces are in tactical operations during the night in low-light and no-light scenarios, which contribute to the rise in the use of these devices in the defence and military sectors of the country in the coming years. As per data available at USAspending.gov, the Department of Defense (DoD) received in FY 2024 the sum of $1.94 Trillion, valuing 14.3% of the entire federal budget, while dividing the budgetary resource amount of $1.94 Trillion, among its 6 sub-components.
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