From GlobeNewswire: 2025-04-22 09:00:00

The Night Vision Device Market was valued at USD 7.66 Billion in 2023 and is expected to reach USD 18.03 Billion by 2032, growing at a CAGR of 10.01%. Growth is driven by military, security, and civilian applications, with the U.S. market projected to grow at a CAGR of 9.84%. Leading market players include L3Harris Technologies, RTX, BAE Systems, and more.

Technological advancements, including improved sensors and AI-driven imaging, have enhanced the performance of Night Vision Devices (NVDs) while reducing manufacturing costs, making them more accessible. NVDs are now used in automotive safety systems, smart city surveillance, and beyond military applications, ensuring widespread adoption across defense and civilian sectors.

In 2023, goggles dominated the market with a 28.2% share due to their tactical advantages in military and security applications. Monocular and binocular devices are expected to see rapid growth from 2024 to 2032, driven by their portability and flexibility for wildlife spotting, hunting, and search and rescue operations.

Thermal imaging technology held a 40.2% market share in 2023, offering accurate threat detection and security solutions in total darkness. Imaging intensifier technology is expected to grow rapidly, driven by its affordability and real-time image enhancement capabilities in military night vision devices.

The security and surveillance segment dominated the market in 2023 with a 25.2% share, driven by increased demand for border security and law enforcement applications. The wildlife spotting and hunting segment is expected to grow rapidly, fueled by nocturnal activities and wildlife conservation efforts.

In 2023, the Government, Military & Defense sector held the largest market share at 63.5%, driven by investments in border security and military modernization. The consumer segment is expected to register the highest growth, driven by demand for affordable, high-resolution NVDs for personal use.

North America held a 37.6% market share in 2023, driven by government spending on defense and law enforcement. The Asia-Pacific region is expected to register the fastest CAGR from 2024 to 2032, supported by increasing defense budgets and rising security concerns.

Recent developments include L3Harris receiving a USD 263 million order for night vision goggles and Photonis delivering image intensifier tubes for night vision binoculars. Key players like FLIR Systems and L3Harris Technologies are developing advanced solutions for military and commercial applications.



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