Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Night Vision System (NVS) Market size was valued at USD 433.85 million in 2024 and is set to exceed USD 2.32 billion by 2037, expanding at over 13.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of night vision system is evaluated at USD 484.74 million.
The growth of the market can be attributed to the rising number of road accidents. According to statistics released by the National Safety Council, 50% of traffic fatalities occur at night.
Night vison is a technology which provides some vision to the user in total darkness. Hence, they are extensively used while night driving. Further, the ongoing research and development activities related to automatic emergency braking is expected to boost the night vision system (NVS) market for night vision system (NVS). The National Highway Traffic Safety Administration of the U.S. Department of Transportation provided an update on the status of 20 automakers' efforts to produce new passenger vehicles with low-speed automatic emergency braking systems in 2019.
