The global night vision camera market was valued at USD 4.86 billion in 2015 and is projected to grow at a CAGR of 8.71%, to reach USD 7.38 billion by 2020. Technical intelligence is rapidly gaining prominence after advance digital devices came into existence, by replacing analog devices. The new dimensions of crimes are resulting in terrible costs to many government and non-governmental organizations. Petty thefts, bank robberies, motor vehicle thefts, etc., along with global terrorism are accelerating at different levels and becoming a nightmare for the contemporary global security environment. Thus, surveillance devices play a key role in protecting societies from such threats. Night vision devices are among the most advanced application gadgets, wherein, they can capture images even in dark places, including that of bank robberies and various other threats.
The primary assets being safeguarded are government buildings, densely populated metro corridors, critical transportation, logistics networks and other critical infrastructure systems, etc., which are considered high-risk targets for terrorist and anti-social elements. Surveillance systems in these sites are, naturally, large and complex. Hundreds or even thousands of cameras may be spread over large distances and linked through secure servers. Increasingly, the risks posed by natural disasters are also driving the sales of these devices. There are different night vision cameras, like thermal, infrared, active illumination and others.
During the Kargil war, Indian fighter jets couldn’t take off at night due to the lack of night vision devices and lack of air support ground combating forces. Therefore, it is incumbent to recognize the importance of night vision devices (NDV). Videos captured by these cameras can be used for purposes like situational responsiveness, analytical study, criminal investigation and others. This can be a major opportunity for the market during the forecast period.
The global night vision camera market is segmented by end-user industry (aerospace, defense, and intelligence, public utilities, banking, financial services, insurance, telecommunication, healthcare, retail, manufacturing and others), applications (monitoring the critical infrastructure systems, digital mapping of crime scenes, establishing state-of-the-art defense security) and by geography (North America, Asia-Pacific, Latin America, Europe, and the Middle East). This market is still untapped in the APAC and the Middle East and African regions.
The report also describes a detailed study of the Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of top players, which includes the key growth strategies, geographical footprint, and future analysis.
The major companies dominating this market for its products, services, and continuous product developments are –
Key Deliverables in the Study