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Night Vision Device Market worth $12.91 billion by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., May 22, 2025 /PRNewswire/ — The global night vision device market is projected to grow from USD 8.57 billion in 2025 to USD 12.91 billion by 2030, registering a CAGR of 8.5% according to a new report by MarketsandMarkets™. Advancements in imaging technologies, such as high-resolution sensors, uncooled thermal detectors, and digital night vision platforms, drive the night vision device market. With increasing demands for image resolution, low-light capability, and energy efficiency, there is a rising need for advanced night vision systems in military, homeland security, and civilian applications. Tightening export regulations and focusing on durability and safety compliance are also driving the adoption of next-generation night vision technologies across defense, law enforcement, surveillance, and recreational sectors worldwide.

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Browse in-depth TOC on “Night Vision Device Market” 

100 – Tables
60 – Figures
270 – Pages

Night Vision Device Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 8.57 billion

Estimated Value by 2030

$ 12.91 billion

Growth Rate

Poised to grow at a CAGR of 8.5%

Market Size Available for

2023–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Device Type, Technology, Mounting Type and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Lack of investments in R&D of night vision devices by SMEs

Key Market Opportunities

Increasing government spending on security and surveillance systems to prevent terrorism

Key Market Drivers

Rapid advancements in optics and thermal imaging technologies

By mounting type, portable segment is projected to register higher CAGR during forecast period.

By mounting type, the portable segment is projected to register a higher CAGR during the forecast period. The primary factor behind this growth is the rising demand for lightweight, compact, and easily transportable night vision products in defense, law enforcement, and civilian applications. Portable night vision equipment, including monoculars, binoculars, handheld thermal imaging cameras, and goggles, provides exceptional versatility in operational environments. These tools allow users to navigate, identify, and track objects or people in environments with low or no light. Such devices are especially useful in dynamic, fast-moving missions where quick deployment and mobility are essential. Innovations in uncooled infrared sensors, battery longevity, and digital night vision technology are enhancing the performance and reliability of portable devices. Moreover, the rising use of portable night vision tools for wildlife observation, adventure sports, and search-and-rescue operations drives commercial interest. Law enforcement and border security agencies increasingly provide their personnel with portable systems to improve situational awareness during night-time patrols. With increasing operational demands and wider adoption across various sectors, portable night vision devices are becoming the preferred choice of equipment. This trend is expected to support a robust growth outlook for the segment throughout the forecast period.

Based on applications, the law enforcement segment accounted for the largest market share in 2024

Based on applications, the law enforcement segment accounted for the largest market share in 2024 due to the rising need for advanced surveillance, situational awareness, and public safety operations conducted under low-light and nighttime conditions. Law enforcement organizations utilize night vision equipment for tactical missions, rescue operations, security perimeter monitoring, and covert observation. These tools improve visibility in low-light conditions, better identifying and recognizing potential threats or individuals of interest. The rising use of body-mounted night vision goggles, weapon-attached sights, and portable monoculars is enhancing the operational capabilities of police departments and special response teams. Increased crime and concerns regarding homeland security are driving government agencies to invest in advanced optical surveillance technologies. Moreover, innovations in digital imaging, uncooled thermal imaging sensors, and lightweight designs are making night vision gear more accessible and easier to use in urban and rural operations. With improved clarity, longer detection ranges, and budget-friendly deployment solutions, the law enforcement sector is anticipated to maintain its leading position throughout the forecast period, bolstered by strong demand in developed and emerging markets.

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Asia Pacific to register significant CAGR in night vision device market during forecast period.

Asia Pacific is expected to record a significant CAGR in the night vision device industry during the forecast period due to the high economic growth of its major developing countries. Key countries in the Asia Pacific market for the night vision device include China, Japan, and India. Zhejiang Dali Technology Co., Ltd. (China) and Tonbo Imaging (India) are among the key companies operating in the night vision device market in Asia Pacific. The increasing population and the need for investments in night vision technologies to enhance military capabilities and border security in India, China, South Korea, and Japan are expected to drive the market. The market growth of the region can also be attributed to the massive population, which has led to large-scale concerns for security, monitoring, inspection, and anti-terrorism measures. This, in turn, has increased the government military expenditure for countries such as India and China. The increasing trends of advanced night vision devices and the rising adoption of night vision cameras in commercial applications, stringent safety regulations and policies by governments, and rising needs for security & surveillance cameras are the major driving factors for the night vision device market in the region.

Key Players

Key companies operating in the night vision device companies include Thales (France), Teledyne FLIR LLC (US), L3Harris Technologies Inc. (US), BAE Systems (UK), and Elbit Systems Ltd. (Israel).

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iFOREX Lists on London Stock Exchange, Supporting Focus Across Global and Indian Markets

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LONDON, April 17, 2026 /PRNewswire/ — iFOREX today announced its recent admission to the Main Market of the London Stock Exchange (LSE) under the ticker IFRX, at a market valuation of approximately £43.3 million. This milestone marks a significant step in the Company’s long-term growth strategy and supports its continued expansion across international markets, including a growing focus on India.

With over 30 years of experience in the online trading industry, iFOREX has established a strong global presence built on proprietary technology, consistent innovation, and disciplined risk management. The Company continues to deliver advanced trading solutions alongside a high standard of client support, designed to meet the evolving needs of retail traders in dynamic markets.

Through its proprietary web-based and mobile trading platforms, iFOREX provides access to over 900 financial instruments, including foreign exchange, commodities, indices, stocks, cryptocurrencies, and ETFs. The Company continuously enhances its technology and product offering to deliver a seamless, secure, and efficient trading experience for its global client base.

India represents an increasingly important market for iFOREX, supported by a rapidly growing base of digitally engaged traders and rising interest in global financial markets. The Company aims to strengthen its presence by offering localized support, tailored educational resources, and technology-driven solutions aligned with the needs of Indian traders.

The Company’s admission to the London Stock Exchange enhances its visibility and credibility as a global fintech provider, focusing on investing in platform development, optimizing client experience, and scaling its international operations to support long-term growth.

“Our listing on the London Stock Exchange represents an important milestone in iFOREX’s evolution as a global trading provider,” said Itai Sadeh, Chief Executive Officer of iFOREX. “We see significant potential in the Indian market, driven by strong demand for digital trading solutions and increasing participation in global markets. We remain committed to expanding our presence in India while continuing to invest in technology, innovation, and client experience.”

iFOREX will continue to monitor market developments, adapt its offering to the needs of traders across different regions, and focus on delivering reliable services, transparent trading conditions, and long-term value to its clients and stakeholders.

Find out more here: iFOREX Website

This press release is intended solely for media use. It is not meant for individual investors and does not contain personal advice or recommendations.

 

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iFOREX Lists on London Stock Exchange, offering Cryptocurrency trading (CFDs) Across Global and LATAM Markets

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LONDON, April 29, 2026 /PRNewswire/ — iFOREX today announced its admission to the Main Market of the London Stock Exchange (LSE) under the ticker IFRX, with a market valuation of approximately £43.3 million. This milestone represents a major step in the Company’s global growth strategy and supports its continued expansion across international markets, including cryptocurrency CFD trading for retail investors in Latin America (LATAM) and beyond.

The listing underscores iFOREX’s commitment to combining traditional financial instruments with the evolving opportunities presented by the cryptocurrency market. Over the past decade, iFOREX has offered retail traders access to a broad portfolio of crypto CFDs, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and a growing range of other digital assets, alongside forex, commodities, indices, equities, and ETFs. The Company’s proprietary online and mobile platforms allow traders to seamlessly navigate both crypto and traditional markets from a single interface.

With more than 25 years of experience in online trading, iFOREX has built a solid global presence based on proprietary technology, disciplined risk management, and continuous innovation. By integrating crypto trading alongside traditional instruments, the Company provides traders with diversified opportunities, enhanced liquidity, and sophisticated tools to manage risk and capitalize on market trends.

Latin America represents a particularly high-growth region for cryptocurrency trading, supported by increasing digital adoption, rising interest in global financial markets, and a growing number of self-directed retail investors. iFOREX is committed to strengthening its presence in the region by offering localized services, multilingual support, and educational resources specifically designed to help LATAM clients engage confidently with both crypto and forex markets.

The LSE listing enhances iFOREX’s credibility and visibility as a global fintech provider while supporting its strategy to expand crypto trading offerings, scale operations, and provide long-term value to clients and shareholders. The Company continues to focus on platform innovation, regulatory compliance, and the development of tools that allow traders to execute informed and secure transactions across all available markets.

Itai Sadeh, Chief Executive Officer of iFOREX, commented:

“Our admission to the Main Market of the London Stock Exchange represents a landmark moment for iFOREX and reflects our commitment to innovation in financial trading, including cryptocurrencies. Latin America presents strong growth potential in digital assets, and we are focused on providing robust, reliable platforms, localized education, and tools that empower traders to access opportunities across both crypto and traditional markets.”

Looking forward, iFOREX plans to expand its crypto product offering, explore emerging digital asset trends, and continue delivering a secure, innovative, and client-focused trading experience to retail investors worldwide.

 

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Temu and QIMA Partner to Strengthen Product Testing and Platform Compliance

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DUBLIN, April 29, 2026 /PRNewswire/ — Temu, the global e-commerce platform, and QIMA, a leading testing, inspection, and certification company, today announced a partnership to strengthen product compliance and safety across the Temu platform. Under the partnership, QIMA’s testing and certification services will be integrated directly into Temu’s Seller Center, making compliance resources accessible to sellers.

QIMA will deliver independent product testing, on-site factory inspections, seller training programs, and digital compliance tools. Product testing will cover four initial categories: electrical and electronic goods, jewelry and gemstones, food contact materials, and light industrial products. Testing will be conducted against applicable regulatory and safety standards. QIMA will also conduct on-site factory inspections for selected sellers to verify production processes and supply chain practices at the source.

The Temu-QIMA partnership also includes structured training programs designed to help sellers better understand testing standards and regulatory requirements across markets, along with regular roundtables and workshops on evolving rules, policy developments, and compliance approaches.

“As e-commerce platforms serve more markets and more product categories, independent compliance infrastructure becomes essential, not optional,” said Pierre-Nicolas Disser, CEO of Consumer Products, QIMA. “This partnership, and particularly the integration into Temu’s Seller Center, is a step toward making compliance testing and certification a routine part of how sellers operate. That’s exactly the kind of work QIMA’s global network was built for.”

The partnership with QIMA builds on Temu’s broader product safety and compliance program. In 2025, the company invested approximately US$100 million globally in compliance, product safety, and quality control, with plans to double that investment in 2026. To date, Temu has established cooperation with more than 60 independent testing institutions worldwide. The partnership with QIMA represents one of the first integration of third-party compliance tools directly into the Temu Seller Center workflow.

“Temu prioritizes the safety of products on our platform, and our partnership with QIMA is a concrete step in that direction,” said a Temu spokesperson. “Together with QIMA, we are focused on providing consumers with a safe and trustworthy shopping experience, while making compliance resources more accessible to sellers on our platform.”

About Temu

Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands, and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.

About QIMA

At QIMA, we are on a mission to help our clients make products consumers can trust. We have developed compliance solutions for testing, inspection and certification (TIC) that enable supply chain agility, sustainability, and product innovation. Our services are used by 30,000 businesses globally in the consumer products, agri-food and life sciences industries. What truly sets us apart is our unique culture of relentless care for our clients, and a commitment to offering intuitive solutions that blend deep tech and human intelligence; this is how QIMA continues to disrupt the Testing, Inspection and Certification industry.

SOURCE Temu

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