Night Vision Devices Market: Trends, Share Analysis, and Growth Forecast (2026-2031)

Dublin, Jan. 21, 2026 (GLOBE NEWSWIRE) -- The "Night Vision Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering. The Night Vision Devices Market is poised for substantial growth, projected to increase from USD 10.07 billion in 2026 to USD 14.44 billion by 2031, with a CAGR of 7.45% during this period. This upsurge is driven by enhanced defense modernization budgets, mandatory thermal camera installations in vehicles, and ongoing advancements in miniaturization technology. The market also witnesses heightened civilian demand as wildlife conservation and public safety initiatives adopt these devices. Rising Defense Modernization Budgets The focus on integrating night-vision capabilities into baseline infantry kits is gaining traction, especially within NATO regions. This integration facilitates steady procurement and enhances the revenue profile for suppliers as military operations incorporate networked sensor technologies. Law enforcement agencies are similarly adopting these military-grade optics for various missions, bolstering predictable multiyear contract pipelines. Automotive Thermal Cameras Mandated by FMVSS-127 FMVSS-127 requirements present a significant opportunity, mandating thermal imaging where standard cameras fall short. Products like Teledyne FLIR's fleet sensors meet these needs, creating immediate demand and lowering per-unit costs market-wide. As automotive and defense sectors intersect, manufacturers benefit from scale economies that reduce lifecycle costs and improve spare parts availability. Challenges High lifecycle costs remain a barrier, with expenses stretching from calibration to replacement. Repair bills, often ranging from USD 500-2,000 per unit, pose financial challenges particularly outside defense sectors. Vendors are responding with modular designs and enhanced service agreements to mitigate adoption delays. Market Segmentation and Growth By 2025, cameras accounted for 33.56% of market share due to their widespread use in military vehicles and commercial fleets. Goggles are also witnessing favorable growth (8.02% CAGR) due to rising demand for hands-free optics in tactical environments. Other devices, such as binoculars and rifle scopes, find niche applications, particularly in marine and precision-shooting sectors. Geographical Insights North America leads the market with a 31.08% revenue share in 2025, driven by defense projects and automotive safety mandates. Asia-Pacific experiences the highest CAGR at 8.78%, supported by regional security initiatives and competitive pricing from Chinese manufacturers. Europe maintains consistent uptake through NATO standardization efforts, while emerging markets reflect diverse drivers from security to resource revenues. Key Players Prominent companies in the market include Teledyne FLIR LLC, L3Harris Technologies Inc., Elbit Systems Ltd., BAE Systems PLC, and Thales Group, among others. Key Topics Covered: INTRODUCTION Study Assumptions and Market Definition Scope of the Study RESEARCH METHODOLOGY EXECUTIVE SUMMARY MARKET LANDSCAPE Market Overview Market Drivers Market Restraints Industry Value Chain Analysis Impact of Macroeconomic Factors on the Market Regulatory Landscape Technological Outlook Porter's Five Forces Analysis MARKET SIZE AND GROWTH FORECASTS (VALUE) By Device Type By Technology By Application By Geography COMPETITIVE LANDSCAPE Market Concentration Strategic Moves Market Share Analysis Company Profiles MARKET OPPORTUNITIES AND FUTURE OUTLOOK White-space and Unmet-need Assessment A selection of companies mentioned in this report includes, but is not limited to: Teledyne FLIR LLC L3Harris Technologies Inc. Elbit Systems Ltd. BAE Systems plc Thales Group Raytheon Technologies Corp. Bushnell Holdings Inc. Exosens SAS Panasonic Holdings Corp. Excelitas Technologies Corp. EOTECH LLC Opgal Optronic Industries Ltd. QinetiQ Group plc Photonis France SAS Theon Sensors SA Rheinmetall AG Hensoldt AG SATIR Europe (Ireland) Co. Ltd. American Technologies Network Corp. AGM Global Vision LLC Yukon Advanced Optics Worldwide FLIR Systems AB (Sweden) Nivisys LLC Opticoelectron Group JSCo. Tactical Night Vision Company LLC Tak Technologies Pvt. Ltd. For more information about this report visit https://www.researchandmarkets.com/r/qsj04w About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.