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Night Vision Devices Market size is set to grow by USD 3.56 billion from 2024-2028, Increased applications in military operations boost the market, Technavio

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NEW YORK, June 9, 2024 /PRNewswire/ — The global night vision devices market size is estimated to grow by USD 3.56 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 9.52%  during the forecast period. Increased applications in military operations is driving market growth, with a trend towards application of sensor fusion technology. However, technological challenges in night vision devices  poses a challenge. Key market players include American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, Elbit Systems Ltd., Excelitas Technologies Corp., Intevac Inc., L3Harris Technologies Inc., Leonardo Spa, Luna Optics Inc., Meopta Optica S.R.O, N Vision Optics LLC, Newcon International Ltd., Night Vision Devices Inc., Safran SA, SATIR Europe Ireland Co. Ltd., Sharp Corp., TAK Technologies Pvt. Ltd., Teledyne Technologies Inc., Thales Group, and Vista Outdoor Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Night Vision Devices Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.52%

Market growth 2024-2028

USD 3563.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.47

Regional analysis

North America, APAC, Europe, South America,
and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, China, Russia, UK, and Japan

Key companies profiled

American Technologies Network Corp., ASELSAN
AS, BAE Systems Plc, Elbit Systems Ltd.,
Excelitas Technologies Corp., Intevac Inc.,
L3Harris Technologies Inc., Leonardo Spa, Luna
Optics Inc., Meopta Optica S.R.O, N Vision Optics
LLC, Newcon International Ltd., Night Vision
Devices Inc., Safran SA, SATIR Europe Ireland
Co. Ltd., Sharp Corp., TAK Technologies Pvt. Ltd.,
Teledyne Technologies Inc., Thales Group, and
Vista Outdoor Inc.

Market Driver

The night vision devices market is experiencing growth due to the integration of sensor fusion technology. This technology combines thermal imaging and image intensification in a single device, expanding the visible light spectrum. Military, security, and law enforcement personnel will greatly benefit from this innovation. Future developments include digitally fused images from thermal imagers and electronic output image intensifiers, leading to digitally enhanced night vision goggles. Transmission of images to command centers for intelligence gathering is also a potential application, increasing the demand for sensor fusion technology in military applications. 

The Night Vision Devices market is experiencing significant growth due to increasing terrorism and crime rates. Criminals and military forces use night vision devices for covert operations and surveillance. The technology behind these devices, such as infrared imaging and image intensification, allows users to see in complete darkness. Companies are investing in advanced technologies like thermal imaging and night vision goggles to cater to the growing demand. Additionally, the use of night vision devices in industries like oil and gas exploration and mining is expanding their application areas. The market is expected to continue its upward trend in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Night vision devices, utilizing image intensification and thermal imaging technologies, encounter challenges. Image intensification relies on light amplification, rendering it ineffective in dark conditions. Daytime performance is inferior, and damage can occur under bright sources in low-light. Thermal imaging devices are costly to buy and run, bulky, and require cooling.Uncooled thermal cameras have lower sensitivity and cannot handle high-speed IR applications. Sensitivity to headlamp light can impact night vision performance, limiting its effectiveness in certain driving conditions. Active IR systems have reduced vision area and struggle in adverse weather. These technological hurdles may hinder the growth of the global night vision devices market.The Night Vision Devices market faces several challenges. Terrible conditions such as low light and nighttime environments require advanced technology. Terrain and weather conditions also pose challenges. Combinations of imaging and sensors are crucial for effective night vision. Devices must be compact and portable for military and security applications. Costs are a significant challenge, with advanced technologies driving up prices.Combining affordability with high performance is a key objective. Additionally, the need for real-time analysis and integration with other systems adds complexity. Colors and various surfaces can affect night vision performance, requiring careful consideration. Security and privacy concerns are also important factors in the market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Application 1.1 Military1.2 CivilProduct 2.1 Night vision goggles2.2 Night vision cameras2.3 Night vision scopes2.4 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Military-  The Night Vision Devices Market is experiencing significant growth due to increasing demand from military and civilian sectors. These devices enhance vision in low light conditions, providing advantages in various applications such as surveillance, search and rescue, and border security. Manufacturers are focusing on improving image quality and reducing size and weight to expand market reach. The market is expected to continue growing, driven by technological advancements and rising security concerns.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

In the realm of security and surveillance, night vision devices play a crucial role in ensuring situational awareness and operational effectiveness for various sectors. These devices are extensively used in law enforcement for target identification and combating criminal activities. In the military and defense sector, night vision technology is essential for soldiers during combat activities and navigation in cloudy nights.

Optical innovations have significantly advanced night vision capabilities, enabling weapon locating devices, rangefinders, and viewfinders to function optimally in low-light conditions. Nature enthusiasts and wildlife researchers also benefit from night vision devices, providing them with color images to study nocturnal species. The market for night vision devices continues to grow, catering to the diverse needs of users in the military, law enforcement, and commercial surveillance sectors.

Market Research Overview

The Night Vision Devices Market encompasses surveillance and military applications. These devices enable clear visualization in low light conditions, utilizing image intensification technology. They are essential for security personnel, military forces, and law enforcement agencies. The market is driven by increasing demand for border security and surveillance systems, as well as advancements in technology leading to improved image quality and durability.

Additionally, the growing need for situational awareness in various industries, such as oil and gas, and mining, is fueling market growth. The market is segmented based on technology, application, and region. The future outlook is promising, with continued innovation and development in night vision technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationMilitaryCivilProductNight Vision GogglesNight Vision CamerasNight Vision ScopesOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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VYLIT OPENS ITS CREATOR ADVISORY BOARD, GIVING CREATORS EQUITY IN THE PLATFORM

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Reality star & chef Dom DeAngelis, model & creator Cydney Moreau, and creator-entrepreneur Crystal Jackson named as founding members, with applications now open for creators who want a voice in how the platform is shaped

MIAMI, July 23, 2026 /PRNewswire/ — Vylit, the 18+ creator-first social platform co-founded by Ami Gan, former CEO of OnlyFans, and seasoned entrepreneur Kailey Magder, is opening applications for its Creator Advisory Board, which will include a select group of creators that will have a strong voice in shaping the platform they use and earn on.

Vylit is inviting creators not just to join the platform, but to help build it, with real shares in the company reserved for those who contribute to its growth, culture and direction. The Creator Advisory Board will give creators a direct voice in building Vylit’s community, the platform’s development and creator tools, along with ownership in the business they’re helping grow.

Applications are now open. Creators can apply by emailing vylit@vylitworld.com with their name, bio and social handles.

Vylit is launching the board with three founding members who show the range of creators it’s built for.

Dominic DeAngelis, known from YouTube and Vanderpump Villa, where his culinary skills earned recognition from viewers around the world, has been using the platform to share behind-the-scenes and day-in-the-life content with his subscribers — the kind of direct, monetized relationship with fans that Vylit is designed around.

“Social media sucks right now. The algorithms are negative, you don’t even see the people you follow anymore, and creators are struggling to find real connections with their fans,” said DeAngelis. “I’m thrilled to be part of a platform that’s doing it differently. Vylit is actually listening to creators and building with us, not just for us.”

Cydney Moreau, a Louisiana-born former track athlete turned model and creator with a following across fitness, fashion and lifestyle, balances her work with life as a mom. Vylit is where she’s turning that following into a business for the first time, on her own terms.

“As someone who is monetizing my content for the first time, knowing that I will have a say in how the platform treats other creators means everything,” said Moreau. “It’s not every day a platform actually wants creators in the room while they’re building it. Knowing Vylit is making decisions with our interests at heart gives me the confidence to build here, and I’m excited to help shape where this goes.”

Crystal Jackson, known to millions of followers as Mrs. Poindexter, is the co-founder of EssentL, a company building business infrastructure and benefits for creators. A former engineer turned multi-platform creator and entrepreneur, she brings an operator’s understanding of what creators actually need from the platforms they build on.

“I’ve spent years building an audience and a business across platforms that weren’t built for today’s creator ecosystem,” said Jackson. “What drew me to Vylit is that they’re handing creators actual ownership and a real say in the decisions that affect us. That’s not something I’ve seen anyone else do, and I want to help build it right.”

Since launching, Vylit has positioned itself as the “HBO of social media,” a space between traditional social media and adult subscription platforms, where creators can be expressive, marketable and in control. The Creator Advisory Board takes that further. Rather than building the platform for creators and handing it over, Vylit is building it with them, giving them direct ownership and a say in its direction.

“The users driving value should have a say in the business,” said Ami Gan, Co-Founder and CEO of Vylit. “Creators understand culture and digital monetization better than anyone. At Vylit, that expertise earns them a real seat at the table.”

“We didn’t want to build another platform where creators show up after the fact,” added Kailey Magder, Co-Founder and COO of Vylit. “We want them involved from day one, shaping the product, the community and the direction of the business.”

Vylit truly puts creators in charge, giving them real ownership and a direct say in how the platform evolves. The Creator Advisory Board is just the start.

To learn more, visit https://vylitworld.com/ 

To access the media kit, click here.

ABOUT VYLIT
Vylit is an 18+ creator-first social platform redefining how adults share, discover and monetize content. Co-founded by Amrapali (Ami) Gan and Kailey Magder, Vylit was created to fill the gap between traditional social media and creator platforms, offering a premium digital experience for expression. Built as “the HBO of social media,” the platform allows topless content while prohibiting explicit material, giving creators greater freedom. Vylit combines social connectivity with built-in monetization, interest-based discovery through its Vybe Matching Engine, and in-house AI Image Generation and Chat tools designed for its users. Learn more at www.vylitworld.com.

FOR PRESS INQUIRIES
pr@vylitworld.com 

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CNBC Names PayJoy one of the World’s Top FinTech Companies of 2026

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Recognition highlights PayJoy’s leadership in emerging market consumer finance

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — CNBC and Statista have named PayJoy to the “World’s Top Fintech Companies 2026,” which honors companies providing digital funding and bank-independent lending solutions for individuals and businesses. PayJoy is a leading financial services provider for underserved consumers across emerging markets.

Now in its fourth edition, the ranking identifies 500 leading companies across eight fintech market segments worldwide, including Payments, Neobanking, Wealth Technology, Digital Assets, Enterprise Fintech, Insurtech, Regtech, and Alternative Financing. Companies were evaluated using an aggregated scoring model built on both general and segment-specific KPIs, drawing on desk research from publicly available sources alongside company self-reports submitted through an open application process.

PayJoy’s inclusion reflects its work bringing credit access to the emerging middle class in Mexico, Colombia, Brazil, Panama, Peru, Ecuador, South Africa, the Philippines, and Indonesia, nine countries where traditional financial infrastructure has long excluded first-time borrowers.

“This recognition from CNBC and Statista is a meaningful validation of the work our team does every day,” said Doug Ricket, PayJoy CEO and Co-Founder. “Millions of people across the markets we serve are building credit for the first time through PayJoy. Being named among the world’s top fintech companies reflects the scale and impact of that work.”

For more information on the full ranking, visit https://www.cnbc.com/worlds-top-fintech-companies-2026/ 

About PayJoy
PayJoy expands credit access across emerging markets through point-of-sale financing and card offerings. Its proprietary secured-credit technology enables first-time borrowers to responsibly build financial stability and participate fully in the modern economy. Through its cutting-edge machine learning, data science, and anti-fraud AI, PayJoy has financed over $3.5 billion of loans to more than 20 million people and employs over 1,000 people worldwide. For more information, visit https://www.payjoy.com/ 

Contact
payjoy@thekeypr.com

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Youngstown Innovation Hub Breaks Ground at YBI’s 107 Building

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YOUNGSTOWN, Ohio, July 23, 2026 /PRNewswire/ — As the United States works to strengthen its aerospace and defense manufacturing base, the Youngstown Innovation Hub for Aerospace & Defense broke ground today on YBI‘s 107 Building in downtown Youngstown, positioning the region as a national proving ground for advanced and additive manufacturing. The Hub is managed by the National Center for Defense Manufacturing and Machining (NCDMM).

Youngstown Innovation Hub for Aerospace & Defense breaks ground at YBI’s 107 Building.

The Hub is one of four Innovation Hubs established across Ohio as part of a statewide initiative to strengthen innovation-driven economic growth. Once complete, it is projected to generate approximately $161.6 million in economic impact, create 450 new jobs, and produce 185 new STEM credential opportunities and 40 internship opportunities by 2029.

The groundbreaking comes as Ohio was recently ranked the No. 1 state for business in America by CNBC’s 2026 America’s Top States for Business rankings, up from No. 5 in 2025.

Ohio Lt. Governor Jim Tressel attended and delivered remarks at the ceremony.

“Today is about more than renovating a building. It’s about building opportunity for Ohioans,” said Lt. Governor Tressel. “The Mahoning Valley has always been defined by the people who make things, solve problems, and never stop working toward a better future. This Innovation Hub builds on that proud tradition while preparing the next generation for in-demand careers in manufacturing.”

Hub and YBI leadership also spoke at the ceremony.

“Today’s groundbreaking of the Youngstown Innovation Hub represents much more than the start of a building renovation. It reflects what can happen when state, regional, industry, academic, and community partners come together around a shared vision for the future of manufacturing, aerospace and defense innovation,” said Megan Malara, Ph.D., director of the Youngstown Innovation Hub.

The renovation is made possible in part by a $750,000 state capital investment. Ohio State Sen. Al Cutrona and state Rep. Lauren McNally were credited with helping advance the funding request through the legislative process. YBI also recognized the broader Lake to River legislative delegation, including state Reps. Nick Santucci, Tex Fischer, Monica Robb Blasdel, Dave Thomas, and Sarah Fowler Arthur, for their support, as well as U.S. Sens. Jon Husted and Bernie Moreno for their support of the project in the U.S. Senate.

Speakers at the ceremony included Ohio Lt. Gov. Jim Tressel; Lydia Mihalik, director of the Ohio Department of Development; Mary Mertz, director of the Ohio Department of Natural Resources; Julius Oliver, 1st Ward Councilman for the City of Youngstown; State Sen. Al Cutrona; State Rep. Nick Santucci; State Rep. Lauren McNally; and Megan Malara, Ph.D., director of the Youngstown Innovation Hub. Barb Ewing, CEO of YBI, served as master of ceremonies.

The City of Youngstown, which committed $1.35 million in local matching funds to the project, was represented at the ceremony. John Wilczynski, executive director of America Makes, attended, and Barb Ewing recognized Kimberly Gibson and Alexander Steeb of America Makes for their roles in advancing the project.

Upon completion, the five-story, 130,000-square-foot concrete-framed building will offer flexible space for offices, workspaces, and display areas, along with robust power capacity to support multiple high-demand tenants. The building’s security features, including limited access points and naturally separated manufacturing bays, are designed to meet U.S. Department of War contracting criteria, positioning tenants to compete directly for federal defense work.

“It’s great to finally be transitioning from talking about this project to actually working on it. We appreciate all the support we’ve had from our political leaders and the community. YBI is proud to be a part of the project team that’s changing the trajectory of the Mahoning Valley,” said Barb Ewing, CEO of YBI.

Companies looking to expand, relocate, or enter the aerospace and defense manufacturing sector are encouraged to visit the Youngstown Innovation Hub website at youngstownhub.us.

About the Youngstown Innovation Hub for Aerospace & Defense

Managed by the National Center for Defense Manufacturing and Machining (NCDMM), the Youngstown Innovation Hub is a national proving ground for advanced and additive manufacturing, strengthening U.S. aerospace and defense supply chains and workforce development. Learn more at youngstownhub.us.

About YBI

YBI is a globally recognized economic development nonprofit, advancing innovation and growth across Ohio and beyond. Through a flexible suite of high-quality entrepreneurial services and resources, YBI supports startups, small businesses, and manufacturers at every stage of development. For more information, visit ybi.org.

Media Contact:
Jessica Sprowl, Marketing and Communications Director, YBI
jsprowl@ybi.org

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