Night Vision Goggle Market Analysis | 2025-2030

Attractive Opportunities

Global Demand Analysis & Sales Opportunities in Night Vision Goggle Market

• The annual demand for night vision goggle was USD 2.7 billion in 2024 and is expected to reach USD 2.8 billion in 2025, up 5.2% than the value in 2024.
• During the forecast period (2025 to 2030), the night vision goggle market is expected to grow at a CAGR of 3.8%. The annual demand will reach of USD 3.5 billion in 2030.
• During 2025-2030, the night vision goggle industry is expected to generate a cumulative sales opportunity of USD 18.85 billion.

High-Growth Market Segments:

• North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate. 
• By Technology type, Fusion Technology is likely to be the dominant type in the market during the forecast period.
• By Platform type, Ground-Based Platforms are likely to maintain their market dominance in the coming years, whereas Air-Based Platform is expected to exhibit the fastest growth.
• By Product type, Helmet-Mounted is anticipated to be the fastest-growing product type during the forecast period in the night vision goggle market.
• By Device type, Binoculars are likely to maintain their market dominance in the coming years.

Market Statistics

Have a look at the sales opportunities presented by the night vision goggle market in terms of growth and market forecast.

Market Dynamics

Introduction:

What is a night vision goggle?

A night vision goggle is a highly advanced optical instrument that enables images to be produced at low light levels. These electro-optical devices form images by measuring the temperature difference or by enhancing the light source of the environment instead of relying on its sources. These goggles give soldiers an edge, allowing them to see in dark environments and execute their military operations in the dead of night. Hence, they have become crucial for a soldier during military operations.

Market Drivers:

• Increasing Global Military Spending and Tactical Equipment Modernization: Governments worldwide are ramping up defense budgets and investing in advanced soldier-worn technologies to enhance nighttime combat effectiveness. Night vision goggles (NVGs) are a critical part of tactical kits, enabling troops to operate with greater precision and situational awareness in low-light or no-light conditions.
• Growing Need for Special Operations and Border Security Capabilities: NVGs are becoming increasingly important in surveillance, exploration, and stealth operations as border tensions and asymmetric warfare increase.  In order to identify and eliminate threats during nighttime patrols and tactical missions, border security forces, law enforcement, and counterterrorism units are depending more and more on night vision.
• Technological Advancements in NVG Design and Performance: Modern NVGs are growing rapidly with features like Gen III and Gen IV intensifier tubes, white phosphor displays, and integrated infrared (IR) illuminators. These improvements deliver better image clarity, extended battery life, reduced weight, and higher durability under combat conditions. The integration of augmented reality (AR) and wireless communication features is also expected to transform next-gen NVGs.
• Expanding Use in Civilian and Commercial Sectors: Beyond defense, NVGs are seeing rising adoption in sectors like search and rescue, wildlife conservation, outdoor recreation, and security services. As technology becomes more accessible and affordable, commercial-grade NVGs are gaining popularity among adventure sports enthusiasts, private security contractors, and emergency responders, broadening the market beyond military users.

Segment Analysis

By Product Type

"Helmet-mounted display is expected to remain the biggest market category in the coming years."

• The market is segmented into helmet-mounted display and handheld goggle. Between these product types, helmet-mounted display is expected to remain the biggest market category in the coming years. These night vision goggles efficiently track the area where soldiers can see and can extrapolate the visual information.
• These goggles help in the provision of a close-up simulation of the soldier’s natural vision. They also act as a force multiplier during critical missions. As a result, the development of helmet-mounted displays is growing rapidly.

By Device Type

"Binocular is expected to maintain its dominance in the market during the forecast period."

• The market is segmented into binoculars, monoculars, and others. Among these device types, binocular is expected to maintain their dominance in the market during the forecast period. These are most suitable for ground-based missions, due to the twin-viewing tubes providing a bigger field of view, considered ideal for surveillance, imaging, and scouting.
• Binocular devices provide better depth perception and a more natural viewing experience, making them particularly valuable for tasks like navigation, target identification, and overall situational awareness.

By Platform Type

"Ground-based platform is likely to continue as the major demand generator for night vision goggles in the foreseeable future."

• The market is segmented into ground-based platforms, air-based platforms, and naval-based platforms. Among these platform types, the ground-based platform is likely to continue as the major demand generator for night vision goggles in the foreseeable future.
• These devices are frequently used by dismounted soldiers for every ground-based operation and mission. Moreover, several counter-terrorism missions occur in low-light environments or during nighttime, which simultaneously increases the usage of night vision goggles.

By Technology Type

"Goggles embedded with fusion technology have proved to be excellent tools for night vision and have generated a large demand."

• The market is segmented into image intensification technology, thermal technology, and fusion technology. In recent years, goggles embedded with fusion technology have proved to be excellent tools for night vision and have generated a large demand. These goggles detect thermal radiation as well as enhance (or magnify) the light of the environment and translate it into a picture.
• Therefore, with the increasing focus on curbing terrorism and with the growing border disputes, the demand for night vision devices equipped with fusion advanced technology is expected to increase in the years to come.

Regional Analysis

"North America, the largest military spender, is expected to remain the major market for night vision goggles, and it held a revenue share of more than 45% in 2022."

• North America, the largest military spender, is expected to remain the major market for night vision goggles and it held a revenue share of more than 45% in 2022. This is attributed to the extensive investments made by the US DoD. Concurrently, the Asia-Pacific is expected to witness the fastest growth in the night vision goggles market in the coming years.
• The key factor responsible for the rapid regional growth, apart from the swift rise in the overall military expenditure, is the increasing penetration of the regional market players, such as Thermeye Tech (Hangzhou Kexin Import and Export Co., Ltd.), JPNV, Bharat Electronics Limited (BEL), and MKU LIMITED.

Competitive Landscape

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the night vision goggle market -  

• L3Harris Technologies, Inc.
• BAE Systems plc
• Thales Group
• Elbit Systems Ltd.
• Raytheon Technologies Corporation
• Leonardo DRS
• Rheinmetall AG
• Excelitas Technologies Corp.
• ASELSAN A.S.
• Hensoldt AG

Note: The above list does not necessarily include all the top players in the market.

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Recent Developments/Mergers & Acquisitions:

• In October 2022, Elbit Systems of America, LLC, received a production order worth US$107 million to supply the ENVG-B systems, along with its spare parts, logistics support, and test equipment, to the US Army. The deliveries are expected to be completed in 2024.
• In July 2022, Hensoldt AG and Theon Sensors were awarded a contract by the Organization for Joint Armament Cooperation (OCCAR) for the supply of 20,000 MIKRON binocular night vision goggles to the German Armed Forces.
• In September 2021, L3Harris Technologies, Inc., was awarded a contract worth US$100 million by the US Army for developing the ENVG-B system.
• BAE Systems plc. developed an integrated optronic system, comprised of two devices: ENVG III-night vision goggle and FWS-I thermal weapon sight, which provide both situational awareness and thermal targeting solutions for soldiers.
• Raytheon Technologies Corporation developed the F-35 Gen III helmet-mounted display system (HMDS), a night vision system specifically designed for airborne operations.

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 15 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The night vision goggle market is segmented into the following categories. 

By Product Type 

• Gun-Mounted Night Vision Goggle 
• Vehicle-Mounted Night Vision Goggle

By Technology Type 

• Image Intensification Technology 
• Thermal Technology
• Fusion Technology 

By Platform Type 

• Ground-based Platform
• Air-based Platform
• Naval-based Platform

By Region 

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s night vision goggles market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data
• We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Device portfolio, geographical reach, regional presence, and strategic alliances

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Recent Developments

Recent Product Developments: In recent years, a fair number of new night vision goggles have been launched by manufacturers. Some of them have been mentioned below:

• BAE Systems plc. developed an integrated optronic system, comprised of two devices: ENVG III-night vision goggle and FWS-I thermal weapon sight, which provide both situational awareness and thermal targeting solutions for soldiers.
• Raytheon Technologies Corporation developed the F-35 Gen III helmet-mounted display system (HMDS), a night vision system, specifically designed for airborne operations.

Recent Contracts and Agreements: There have been several investments in the defense industry directed at night vision goggles in the recent years, which would boost the overall market. Some of them have been mentioned below:

• In October 2022, Elbit Systems of America, LLC, received a production order worth US$ 107 million to supply the ENVG-B systems, along with its spare parts, logistics support, and test equipment, to the US Army. The deliveries are expected to be completed in 2024.
• In July 2022, Hensoldt AG and Theon Sensors were awarded a contract by the Organization for Joint Armament Cooperation (OCCAR) for the supply of 20,000 MIKRON binocular night vision goggles to the German Armed Forces.
• In September 2021, L3Harris Technologies, Inc., was awarded a contract worth US$ 100 Million by the US Army, for developing the ENVG-B system.

Recent Market JVs and Acquisitions: Over the past few years, there have been a fair number of strategic alliances, including M&As, JVs, etc., across the globe. Some of them have been mentioned below:

• In July 2020, Raytheon Corporation merged with United Technologies Corporation, to form Raytheon Technologies Corporation. This merger of equals is the defense sector's largest-ever merger, in terms of value.
• In June 2019, L3 Technologies had an all-stock merger with Harris Corporation, which led to the formation of L3Harris Technologies, Inc.
• In September 2019, Elbit Systems of America, LLC, a subsidiary of Elbit Systems Ltd., successfully acquired Harris Corporation's night vision business for $350 million.