Growing Use in Military Operations Predicted to Drive the Global Night Vision Devices Market Until 2020, Says Technavio

According to the latest research study released by Technavio, the global night vision devices market is expected to grow at a CAGR of over 18% until 2020.

This research report titled ‘Global Night Vision Devices Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments, including smart grids, smart community buildings, smart community transportation, and smart community water.

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“In 2015, the military segment held close to 60% of the global night vision devices market in terms of revenue. Night vision devices were introduced for soldiers who require goggles, monoculars, and binoculars at night. Night vision devices have high requirement in special forces involved in activities such as counter-terrorism, covert ops, hostage rescues, high-value targets, and individual tracking,” said Sunil Kumar Singh, one of Technavio’s lead analysts for embedded systems research.

“Governments of many countries are making continuous investments in the military segment. This trend is expected to help the market grow during the forecast period. Countries such as China and Australia have increased their defense budgets in 2016 amid the ongoing South China Sea dispute. This development will likely emerge as a key driver of this market during the course of the forecast period,” added Sunil.

Segmentation of global night vision devices market by product 2015

Source: Technavio research

Night vision goggles: largest segment of the global night vision devices market

In 2015, night vision goggles held 47% of the night vision devices market in terms of revenue. Night vision goggles are binoculars with either a single lens or stereo lenses, depending on the model. These find applications in military and law enforcement segments, and are often worn on the head. In the military and law enforcement sectors, these goggles are extensively used by soldiers and police at night. In February 2016, Jefferson County Sheriff's deputies tracked down three boys who were lost in the woods with the help of night vision goggles and a dog.

In February 2016, the Legislature's Judiciary Committee of Nebraska, US, withdrew the rule wherein buyers were required to undergo federal checks in order to purchase night vision goggles. Such deregulations worldwide and east of purchase will foster the adoption of night vision goggles among individual consumers during the forecast period.

Night vision cameras: second largest segment of the global night vision devices market

In 2015, night vision cameras held 35% of the night vision devices market in terms of revenue. Night vision cameras help in the surveillance and monitoring of buildings or industries and conducting rescue operations. In March 2016, Michigan State Police troopers conducted a rescue operation in Detroit River at Chene Park, Detroit, US. They saved a young man after a wild chase in the city. The entire incident was captured on a night vision camera from a Michigan State Police trooper's helicopter. Thermal imaging cameras are more popular, as their performance is not affected by foggy weather or smoke.

With the rising popularity of thermal imaging cameras, the revenue contribution from night vision cameras is expected to decline during the forecast period. Vendors such as FLIR Systems, one of the leading manufacturers of night vision devices, are making developments in thermal imaging cameras by introducing products such as FLIR One, which is compatible with smartphones. Many similar product launches are expected to drive the demand for night vision devices over the next four years.

Night vision scopes

In 2015, night vision scopes held 10% of the global night vision devices market in terms of revenue. Military soldiers and hunters use night vision scopes in their rifles. Selling night vision scopes to the general public is not allowed in many European countries, while some countries have imposed the rule of obtaining a special permit from the government in order to buy the device.

However, developments such as PSY's Snooperscope, which makes any Android or iPhone function like a night vision device will likely aid the growth of this market. Even the AstroScope night vision adapter turns a DSLR camera to a night vision device. These innovations will drive the adoption of night vision scopes among individual consumers during the forecast period.

Others

The others’ segment includes night vision binoculars and monoculars held close to 8% of the global night vision devices market. Night vision binoculars are used in the military for tracking criminals, whereas night vision monoculars help snipers identify their targets.

However, possession of these types of equipment among individual consumers without a special permit from the government is considered a crime in many countries. Thermal imaging binoculars and monoculars are more popular, but their high cost makes night vision binoculars and monoculars more preferred among end-users.

Browse related reports:

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About Technavio

Technaviois a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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