NEW YORK, Dec. 8, 2021 /PRNewswire/ -- Some of the primary growth drivers for the night vision devices market are the increased applications in military operations, adoption of thermal imaging technology for controlling fire accidents, and improvements in design.
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The night vision devices market size is expected to grow by USD 3.55 bn from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 7.01%. The market is expected to post a year-over-year growth rate of 4.57%.
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Market Segmentation Analysis
The night vision devices market is segmented by type (goggles, cameras, scopes, and others), application (military and civil), and geography (North America, APAC, Europe, South America, and MEA).
By type, the goggles segment is expected to have significant market share growth during the forecast period.
The extensive use of night vision goggles in military applications for better visibility is driving this market segment.
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46% of the growth will originate from North America.
The US is a key country for the night vision devices market in North America.
Market growth in this region will be faster than the growth of the market in North America, APAC, Europe, South America, and MEA.
The night vision devices market size is expected to accelerate at a CAGR of 7.01% during the forecast period.
The market is fragmented due to the presence of many vendors holding significant market share.
The research report offers information on several market vendors, including American Technologies Network Corp., Apresys International Inc., ASELSAN AS, BAE Systems Plc, Bharat Electronics Ltd., Elbit Systems Ltd., L3Harris Technologies Inc., Luna Optics Inc., Safran SA, and Teledyne Technologies Inc.
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Night Vision Devices Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.01%
Market growth 2021-2025
USD 3.55 billion
YoY growth (%)
North America, APAC, Europe, South America, and MEA
Performing market contribution
North America at 46%
Key consumer countries
US, China, Russian Federation, Japan, and France
Leading companies, competitive strategies, consumer engagement scope
American Technologies Network Corp., Apresys International Inc., ASELSAN AS, BAE Systems Plc, Bharat Electronics Ltd., Elbit Systems Ltd., L3Harris Technologies Inc., Luna Optics Inc., Safran SA, and Teledyne Technologies Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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