Table of Contents
Night vision devices (NVD) enable visibility of the objects in dark surroundings or low intensity light areas. The ability to recognize and distinguish targets during poor visibility conditions has been a crucial necessity. Night Vision devices has been very prominent in the field of Military/Defense, the equipment such as Night Vision Goggles, Night Vision Binoculars, Night Vision Scopes provide assistance to the solider during dark. Night Vision Devices have successful application in other sectors such as Security, Surveillance, Search and Rescue, etc.
There have been significant developments in the field of electronics and optics that have allowed production of NVDs which help us in intensifying the images which are not likely to be seen through naked eyes. Much before the development of commercial night vision devices, there was a market in the defence industry for devices that were used to enhance vision capabilities. After further developments in thermal imaging, substrate wafer night vision cameras, goggles and scopes with improved reliability and image resolution were deployed. These night vision devices significantly improved sensitivity and image intensity and have thus found increased utilization in the commercial market.The night vision device Market is estimated to be $13.2 billion in 2014 and is growing at a healthy CAGR of 7% during the forecast period through 2020. The increasing demand for security and surveillance night vision devices along with the declining prices resulting in cost effective devices is the key driver for the market. The market scenario is different for each application. Currently, Military is the largest market segment, however this segment is exhibiting slow growth. Hidden object detection is another key market for military, governmental and commercial markets.
Night Vision devices market has been segmented based on type of component, category, application and geography. Based on the component the market has been classified into image intensifier tubes, front lens, photo cathode, micro channel plate, high voltage power supply, phosphorus screen, and eyepiece. Major applications of Night Vision devices include Military Security, Surveillance, navigation and hidden object detection. Night vision devices have also been segmented based on category into goggles, cameras and scopes. The goggles and cameras market are leading this segmentation in 2014 and are projected to exhibit high growth through 2020. Night vision scopes are forecast to exhibit the highest growth through 2020 led by adoption in the APAC military market.
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