How Has The Military Night Vision Device Market Grown And What Is Its Future Outlook?
The military night vision device market size has grown rapidly in recent years. The market grew from $4.77 billion in 2024 to $5.26 billion in 2025 at a compound annual growth rate (CAGR) of 10.3%. This expansion can be attributed to military modernization initiatives, rising threat perception and national security concerns, counterinsurgency operations, complex urban warfare, special operations, and global peacekeeping missions.
The military night vision device market size is poised for strong growth in the coming years. It is projected to reach $7.6 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. Factors such as enhanced connectivity and communication, cybersecurity and electronic warfare concerns, rise in asymmetric warfare, focus on energy efficiency, and global climate change considerations are expected to contribute to this growth in the forecast period. Significant trends in the forecast period include thermal imaging technology, integration of augmented reality (AR) features, miniaturization and lightweight designs, digital night vision, fusion night vision systems, wireless connectivity and data sharing.
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What Are Driving Factors Behind The Growth Of The Military Night Vision Devices Market?
The rising prevalence of terrorist attacks worldwide is propelling the growth of the military night vision devices market. Military night vision systems play a vital role in preventing terrorist attacks by enabling military personnel to see in low-light conditions and detect potential threats before they can execute an attack. The latest data from the global terrorism index 2023 reveals an increase in the lethality of attacks, which amplifies the requirement for these devices, thus driving the military night vision devices market.
How Does The Military Night Vision Device Market Categorize Itself?
The military night vision device market covered in this report is segmented:
1) By Type: Camera, Goggles, Monocular And Binoculars, Rifle Scope, Other Types
2) By Technology: Thermal Imaging, Image Intensifier, Infrared Illumination, Other Technologies
3) By Application: Surveillance, Targeting, Navigation, Other Applications
4) By End User: Military Segment, Civil Segment
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Who Are The Major Players In The Military Night Vision Device Market?
Major entities operating in the military night vision device market include American Technologies Network Corporation, Teledyne FLIR LLC, L3 Harris Technologies Inc., Thales Group SA, British Aerospace plc, Elbit Vision Systems Ltd., Bharat Electronics Limited, Meopta USA Inc., Newcon Optik, Collins Aerospace, Bushnell Corporation, Luna optics Inc., ABB Ltd., Armasight, Night Optics USA, Bering Optics, Hard Head Veterans LLC, Custom Night Vision, FLIR Systems Inc., OpticsPlanet Inc., Yukon Advanced Optics, Sightmark LLC, Carl Zeiss Sports Optics GmbH, Trijicon Inc., US Night Vision Corp., Vortex Optics.
What Are The Emerging Trends In The Military Night Vision Device Market?
Major players operating in the military night vision device market are increasingly focusing on strategic partnerships to enhance their competitive edge in the market. These partnerships play a crucial role in accelerating technological advancements and bolstering product development capabilities.
How Is The Military Night Vision Device Market Performing Across Different Regions?
Asia-Pacific was the fastest-growing region in the military night vision devices market in 2024. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Military Night Vision Device Market Report 2025 Offer?
Military night vision devices are designed to be used by military personnel to navigate, surveil, and engage targets in low-light or complete darkness. They offer tactical advantage in the dark and improve visibility in low-light settings. The Military Night Vision Device Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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