Night-vision Goggles or NVG is a distinct type of night vision device. NVG enables night fighters & soldiers to see, movement and shoot during night or at a time of condensed visibility. They frequently come with straps or headgear to fit onto head for use without hands. NVGs can be also mounted on the weapon or can be held in hand. They are equipped with an automatic breakaway mechanism that separates them from helmet when force exceeds 11g to avoid any accidents during the war. They are used together with magnifying visual modules for longer distance observing.
According to study, “World Night-vision Goggles Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world night-vision goggles market are NVT, Daking Optoelectronics, ROE, ORPHA, Yukon, Bushnell, KATOD, Apresys, ATN Corp., Centurion Systems, Night Owl, Kelusi, Bering Optics, Luna Optics, AD2V, BUSHNELL, Dedal, Nivisys LLC, Armasight, NIGHT OPTICS USA, Morovision, Meopta, Night Vision Gear UK, Pulsar, Aviation Specialties Unlimited, INTEVAC, Newcon Optik, EXELIS, Sofradir, Alpha Optics, Protruly Vision, BOSMA, Ronger Optic & Electronic, Tata Advanced Systems Limited, General Starlight Co, Inc., Dipol Ltd., Starlight NV Ltd., Harris Corporation. Key venders are focusing on growing their business by entering into strategic partnerships and offering innovative solutions.
Based on product type, night-vision goggles market is segmented into binoculars and monocular. Based on technology, market is segmented into image intensifiers technology, thermal imaging technology and infrared illumination technology. Based on range, market is segmented into intensity range and spectral range. Based on application, market is segmented into navigation, surveillance, and targeting. In addition, based on end-use, market is segmented into military, rescue operations, police & law enforcement, outdoor adventures and others.
The night-vision goggles market is driven by rise in adoption from law enforcement agencies, followed by increase in military expenditure, growth in concern about national security, rise in adoption from military & defense sector, increase in urban population, rise in investments in research & development (R&D) activities, growth in economy, rise in development in infrastructure, small size & light weight and low cost & low power requirements. Additionally, night vision goggle offers maximum viewing range, which can be from 100 feet-400 feet. This range is perfect for combat missions conducted by soldiers, which is another driving factor fueling the growth of market. However, high costs associated with maintenance may impact the market.
Based on geography, USA country holds major share, followed by EU in night vision goggles market owing to rise in demand for inspections & monitoring technologies in the military operation, surge in demand from the aviation sector, substantial technological advancements, vast number of R&D centers and presence of large number of manufacturers & tier 1 suppliers in the country. China country is projected to grow significantly due to high demand in the region which is driven by security & surveillance needs, during the forecast period. It is anticipated that the market will be reached at rapid pace on account of increase in trend of adoption of night vision goggles for photography, hunting and fishing during the forecast period. The market is likely to grow at a CAGR of approximately 2.9% over the next five years, will reach US $310 million in 2024, from US $260 million in 2019.
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Ankur Gupta, Head Marketing & Communications