Night Vision Surveillance Camera Market Size

Night Vision Surveillance Cameras Market size was over USD 100.18 Billion in 2023 and is poised to exceed USD 1.15 Trillion by 2036, growing at over 20.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of night vision surveillance camera is estimated at USD 117.36 Billion. The market is estimated to grow on the back of the rising demand for night vision surveillance cameras from the military and defense industry for security & safety concerns & monitoring border areas. In addition, the military and defense sectors are adopting and spending more on night vision surveillance cameras to meet the increasing demand for night patrol and combat operations. According to World Bank data, global military expenditure in proportion to gross domestic product (GDP) stood at around 2.4% in 2020, up from 2.2% in 2019.

The global night vision surveillance cameras market is also estimated to witness growth on account of the rising trend of smart homes. According to estimates, the number of smart homes worldwide is expected to reach 345 million by 2023, up from 220 million in 2020. Moreover, this figure is expected to cross USD 460 million by the end of 2025. Additionally, the integration of near-infrared (NIR) imaging technology in night vision surveillance cameras is expected to drive market growth as it enables night vision systems to track and detect motion even in dim light or darkness.  Hence, such a factor is anticipated to boost the growth of the market in the coming years.