The night vision technology was originally developed for military use only. The technology has provided numerous advantages to different military organizations. A night vision device (NVD) is an optical device that allows images to be created in levels of light approaching total darkness. Introduction of new sensors and devices for target acquisition and night seeing has increased capability of the armies in terms of continuous operations extending throughout day and night. Individual soldiers differ greatly in their ability to detect and see their targets while using different night vision devices.
The global night vision device market has been broadly segmented in terms of type, technology, application, and geography. Based on type, the market has been segregated into vehicle use and personal use. The personal use segment has been sub-segmented into scopes, googles (bi-ocular & monocular), cameras, and others. Among types, the personal use segment accounted for a major share of more than 80.0%, in terms of revenue and volume, in 2017.
In terms of revenue, the personal use segment is anticipated to expand at a CAGR of 9.6% during the forecast period. In order to fulfill the global demand, various manufacturers of night vision devices are currently focusing on research and development activities on a regular basis in order to invent advanced applications of night vision devices.
Developing infrastructure, economic growth, large population, and increasing urbanization are expected to drive the night vision device market during the forecast period. Military & defense is a leading sector driving advancements in the night vision technology. On the other hand, as applications in commercial markets continue to advance, the demand is estimated to increase further in the near future.
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