What is Global Night-Vision Goggles Market?
The Global Night-Vision Goggles Market is a fascinating sector that has been gaining significant attention in recent years. Night-vision goggles are specialized equipment that amplifies low light levels to improve visibility in darkness. They are primarily used in military operations, but their application has expanded to various other sectors such as wildlife observation, surveillance, and even recreational activities. The global market for these goggles was valued at a substantial US$ 289.4 million in 2022. The market is projected to grow at a steady pace, reaching an estimated value of US$ 351.9 million by 2029. This growth is attributed to the increasing demand for advanced night-vision equipment in various sectors. However, the market's growth is not uniform across the globe. North America holds the largest market share, accounting for about 45 percent of the total market. Europe follows closely behind with a market share of approximately 30 percent. The major players in this market include Orpha, Armasight, ATN, Yukon, and Night Optics, collectively accounting for about half of the market share.
Image Intensifier, Thermal Image in the Global Night-Vision Goggles Market:
The Global Night-Vision Goggles Market is primarily divided into two categories based on the technology used: Image Intensifier and Thermal Image. Image Intensifier technology works by amplifying the available light, such as moonlight or starlight, to create a bright image. On the other hand, Thermal Image technology works by detecting the heat emitted by objects and creating an image based on these heat signatures. Both technologies have their unique advantages and applications. Image Intensifier goggles are commonly used in military and law enforcement for night operations, while Thermal Image goggles are popular in wildlife observation and surveillance. The choice between these two technologies often depends on the specific requirements of the user.
Industrial, Residential in the Global Night-Vision Goggles Market:
The usage of night-vision goggles is not limited to military and law enforcement. They are increasingly being used in industrial and residential sectors as well. In the industrial sector, night-vision goggles are used for various purposes such as security surveillance, maintenance, and inspection of equipment in low light conditions. They are particularly useful in industries that operate round the clock, such as manufacturing and logistics. In the residential sector, night-vision goggles are used for home security and wildlife observation. They are also popular among outdoor enthusiasts for activities like camping and night hiking. The expanding application of night-vision goggles in these sectors is a key factor driving the growth of the Global Night-Vision Goggles Market.
Global Night-Vision Goggles Market Outlook:
The Global Night-Vision Goggles Market outlook paints a promising picture. The market, which was valued at US$ 289.4 million in 2022, is expected to reach US$ 351.9 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 2.8% during the forecast period from 2023 to 2029. The market is dominated by major players such as Orpha, Armasight, ATN, Yukon, and Night Optics, which collectively account for about 50% of the market share. Geographically, North America is the largest market for night-vision goggles, holding about 45% of the market share. Europe follows with a market share of approximately 30%. The growth of the market is driven by the increasing demand for advanced night-vision equipment in various sectors, including military, industrial, and residential.
| Report Metric | Details |
| Report Name | Night-Vision Goggles Market |
| Accounted market size in 2023 | US$ 289.4 million |
| Forecasted market size in 2030 | US$ 351.9 million |
| CAGR | 2.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Orpha, Armasight, ATN, Yukon, Night Optics, Bushnell, NVT, KATOD, ROE, Night Owl |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
