The night vision surveillance cameras market is anticipated to have a steady CAGR of 22.3% during the period 2022 to 2032. The night vision surveillance cameras market share is predicted to grow from USD 108.9 Billion in 2022 to USD 812.2 Billion in 2032. Previously, the demand for night vision surveillance cameras was thriving at a higher CAGR of 24.4% (2016 to 2021), resulting in a market size of USD 84.7 Billion in 2021.
Manufacturers' increased Research and Development spending is also propelling the night vision surveillance cameras industry forward.
One of the reasons impeding the night vision surveillance cameras market growth of the night vision security camera market in South Asia and Latin America is the high price connected with the product. Furthermore, data storage issues for night vision security cameras are impeding market expansion and negatively impacting the night vision surveillance cameras market outlook.
The expansion of Covid-19 has had an impact on the supply chain and distribution of night vision security cameras, limiting the market's global growth and leading to a decline in the night vision surveillance cameras market adoption trends.
| Attributes | Details |
|---|---|
| Night Vision Surveillance Cameras Market CAGR (2022 to 2032) | 22.3% |
| Night Vision Surveillance Cameras Market Size (2022) | USD 108.9 Billion |
| Night Vision Surveillance Cameras Market Size (2032) | USD 812.2 Billion |
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The night vision surveillance cameras market study indicates that because they ensure personal safety, night vision security cameras are rapidly being used in homes and offices. Through video analytics, night vision security cameras can now zoom in to disclose someone's identity, which can be valuable to crime prevention when used correctly.
The criminal is easily arrested. As a result, buyers are becoming increasingly interested in night-vision security cameras. One of the primary aspects driving the night vision surveillance cameras market is large investments in safe residential and public infrastructure.
The smart home security camera with night vision can detect, recognize, analyze, and track people, cars, and objects. This is handy when looking for motion in a quiet environment over the course of a long video recording. Object size and sensitivity are two factors that can be tweaked. As a result of these recent developments in the night vision surveillance cameras market, the use of smart night vision security cameras is on the rise these days.
The surge in terrorist activities, political tensions over border issues, and security and safety concerns have resulted in huge demand for NVDs in the military and defense industries. To meet the growing demand for night patrolling and combat operations, the military and defense sectors are embracing NVDs. Government investments in NVDs by nations like China, India, Germany, Russia, the USA, and others are likely to drive night vision surveillance cameras market size throughout the forecast period.
Of its multi-tasking capabilities across many military and defense applications, the night vision surveillance cameras market is rapidly expanding. High manufacturing costs, owing to the usage of unique materials such as night vision optics and the utilization of costly third-generation technologies, are expected to impede the night vision surveillance cameras market growth.
Due to the expensive expense of NVDs, such as night-vision goggles, their adoption is limited, and these devices are mostly employed by the military. Due to political issues, certain manufacturers are forced to maintain high costs. This could hinder the night vision surveillance cameras market adoption of NVDs like goggles and scopes.
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One of the key developments is the incorporation of near-infrared (NIR) imaging technology into night vision systems. It enables soldiers to attack and reveal the location of victims in any weather. Because of its capacity to identify and track motions occurring in the dark, improved NIR devices are becoming more popular. To improve the customer experience, key night vision surveillance cameras market players are focusing on launching advanced products.
In one of the recent developments in the night vision surveillance cameras market, OmniVision Technologies, Inc., for example, unveiled its second-generation near-infrared (NIR) technology - Nyxel 2 - for night-vision and machine-vision applications in March 2020. This technology delivers a wider field of vision, superior quality, and the ability to work in low to no ambient light.
The night vision surveillance cameras market is segmented into product type, type, end-use application, and region.
The market for night vision surveillance cameras is divided into fixed and PTZ cameras based on type. During the projection period, PTZ (Pan Tilt and Zoom) is expected to have the highest CAGR of 22%. Infrared or thermal cameras, which produce black and white images, are employed at night and in dimly lit regions.
Since it is remotely directed and capable of zoom control, the PTZ (pan-tilt-zoom) camera is widely employed for security applications. Based on the product type, the market is segmented into box cameras, bullet cameras, and dome cameras.
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The defense and public sectors have the biggest demand for night vision surveillance cameras. It is anticipated to have a prodigious CAGR of 21.6% during the projected period. Recent terror assaults on essential infrastructure have brought safety concerns to the forefront.
Banking, health, power, water supply, and communication networks have all been targets of sophisticated terror strikes in recent years. Any attack on essential infrastructure might leave a country's economy extremely exposed to future calamity.
As a result, any government's primary goal should be to ensure their protection. As a result, the adoption of night vision surveillance cameras in the public sector is accelerating. Aside from terror attacks, increased concerns about natural catastrophes, criminal activity, accidents, and accidents have also contributed to this segment's high market share.
| Regions | CAGR (2022 to 2032) |
|---|---|
| United States of America | 21.3% |
| China | 20.7% |
| Japan | 19.1% |
| Australia | 19% |
| South Africa | 18% |
During the forecast period, North America is expected to dominate the market, with a projected value of USD 195.4 billion. Rising security breaches and increased reliance are driving up demand for night vision systems in countries like the USA and Canada. The federal governments of the USA and Canada have chosen night vision technology to improve security in public applications.
In the coming years, Asia Pacific is predicted to grow at an exponential rate, with an anticipated market size of USD 25.3 billion. The rise in demand for location-based gadgets across government sectors, and public transportation such as airports, train stations, and bus stations, is responsible for the expansion. In addition, growing military spending in the region will boost demand for night vision surveillance cameras in a variety of businesses.
During the projection period, Europe is expected to grow at a significant rate. This expansion is due to the existence of a large number of significant manufacturers. During the forecast period, the Middle East and Africa (MEA) and Latin America regions are predicted to grow at a steady rate. This increase is due to the local government's increased investment in modern night vision surveillance devices, such as cameras, goggles, glasses, and others.
The market for night vision surveillance cameras is fragmented, with a significant number of companies competing. Leading companies are now focusing on providing clients with technologically improved products. Increased demand for night vision surveillance cameras, along with lower long-term costs, is predicted to motivate investors to invest in this technology in the coming years, resulting in increased market rivalry.
Players in the night vision surveillance cameras market are primarily focused on the creation of creative and efficient products. The findings illustrate how rivals are capitalizing on the potential in the night vision surveillance cameras market. The following are some of the most recent advancements in the night vision surveillance cameras market:
The night vision surveillance cameras market is projected to have a CAGR of 22.3% during the forecast period.
The USA is the leading region, with an anticipated CAGR of 21.3% through 2032.
PTZ leads the market with the projected CAGR of 22% through 2032.
The night vision surveillance cameras market is predicted to grow to USD 812.2 billion by 2032.
Public sector and defense lead the market with the projected CAGR of 21.6% by 2032.
1. Preface 2. Executive Summary 3. Global Market Analysis, 2022 to 2032 (USD Million and Million Units) 4. North America Market Analysis, 2022 to 2032 (USD Million and Million Units) 5. Europe Market Analysis, 2022 to 2032 (USD Million and Million Units) 6. Asia Pacific Market Analysis, 2022 to 2032 (USD Million and Million Units) 7. Middle East and Africa (MEA) Market Analysis, 2022 to 2032 (USD Million and Million Units) 8. Latin America Market Analysis, 2022 to 2032 (USD Million and Million Units) 9. Company Profiles 9.1. Axis Communications AB 9.2. BAE Systems plc. 9.3. FLIR Systems 9.4. Hikvision Digital Technology Co., Ltd. 9.5. L3Harris Technologies 9.6. Pelco Corporation 9.7. Raytheon Company 9.8. Samsung Group
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Night Vision Surveillance Cameras Market
