The global Night Vision Devices Market size is expected to reach USD 16.35 Billion by 2031, growing at a CAGR of 7.86% during the forecast period. The market is driven by the increasing demand for night vision devices in the military and defense sector, as well as the growing use of these devices in wildlife spotting and conservation. Night Vision Devices Market Statistics
- The global Night Vision Devices Market size was valued at USD 8.28 Billion in 2022
- The market is expected to reach USD 16.35 Billion by 2031, growing at a CAGR of 7.86% during the forecast period
- The military and defense sector accounted for the largest share of the market in 2022
- The thermal imaging segment is expected to grow at the highest CAGR during the forecast period
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Regional Trends
North America- The North America Night Vision Devices Market size was valued at USD 2.53 Billion in 2022
- The market is expected to reach USD 4.53 Billion by 2031, growing at a CAGR of 6.53% during the forecast period
- The United States accounted for the largest share of the market in 2022
APAC
- The APAC Night Vision Devices Market size was valued at USD 1.93 Billion in 2022
- The market is expected to reach USD 4.23 Billion by 2031, growing at a CAGR of 9.53% during the forecast period
- China accounted for the largest share of the market in 2022
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Night Vision Devices Market Segmentations
By Type- Camera: The camera segment accounted for the largest share of the market in 2022
- Goggles : The goggles segment is expected to grow at the highest CAGR during the forecast period
- Monoculars and Binoculars : The monoculars and binoculars segment is expected to grow at a significant CAGR during the forecast period
- Rifle Scope : The rifle scope segment is expected to grow at a moderate CAGR during the forecast period
- Other Types : The other types segment is expected to grow at a low CAGR during the forecast period
By Technology- Thermal Imaging : The thermal imaging segment accounted for the largest share of the market in 2022
- Image Intensifier : The image intensifier segment is expected to grow at the highest CAGR during the forecast period
- Infrared Illumination : The infrared illumination segment is expected to grow at a significant CAGR during the forecast period
- Other Technologies : The other technologies segment is expected to grow at a low CAGR during the forecast period
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By Applications- Military and Defense : The military and defense segment accounted for the largest share of the market in 2022
- Wildlife Spotting and Conservation : The wildlife spotting and conservation segment is expected to grow at the highest CAGR during the forecast period
- Surveillance : The surveillance segment is expected to grow at a significant CAGR during the forecast period
- Navigation : The navigation segment is expected to grow at a moderate CAGR during the forecast period
- Other Applications : The other applications segment is expected to grow at a low CAGR during the
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