The Night Vision Devices Market is estimated at USD 5.28 billion in 2023. Further the market is expected to grow from USD 5.5 billion in 2024 to to USD 7.52 billion in 2030 at a CAGR of 4.5%.
Night Vision Devices Market Market Overview
Photoresists are light-sensitive materials that form a patterned coating on the surface. Night Vision Devices change their chemical structure when exposed to UV light. Night Vision Devices are manufactured by blending a resin with a desired solvent and a Photo Active Generator (PAG) Compound. Photoresists are classified into two groups, positive and negative resists. With increasingly smaller geometry designs in the microelectronics industry, positives are becoming more popular as they offer process controllability.
The Night Vision Devices used are polymethyl methacrylate, polymethyl glutarimide, and phenol formaldehyde resin. These chemicals are used due to their unusual characteristics, such as high purity, applicability to micro-processing, and sharp patterning and etching on the substrate. Chemicals are used in different industrial processes such as PCBs, copper roller-making for packaging and textile industries, used in photolithography and photoengraving techniques. These chemicals are available in dry & liquid forms and are semiconductors, alkali cleansers for electronic devices, and silicon etching agents for micro-electro-mechanical systems.
Latest Trends in Night Vision Devices Market
High Penetration of IoT and AI:
The advent of IoT (Internet of Things) and AI (Artificial Intelligence) has opened many opportunities for electronic materials manufacturers and created the demand for more complex ICs and chips. IoT facilitates effective data transfer over a wireless (or wired) network and helps to connect electronic devices to the Internet. The essence of this technology is that it needs minimum human intervention. To bring about automation, IoT would require advanced semiconductor components such as microcontrollers, processors, and chips to be embedded into the devices.
Since IoT as a technology requires specialized ICs and microcontrollers that offer maximum performance output with minimum power consumption, the need for photoresist stripping will increase as it helps to augment the quality and performance of IC chips. In reality, AI impacts the growth of the semiconductor sector in two ways, i.e., building demand for innovative technologies and enhancing the product fabrication process. The former creates new marketing opportunities and facilitates manufacturing process improvements.
Driving Factors
Growth in Electronics & Semiconductor Industry Across the Globe:
The electronics industry uses highly sophisticated specialty chemicals to manufacture electronic components and products, including silicon wafers, IC (Integrated Circuits), and PCBs. High demand from the electronic business due to rising disposable income will positively impact the Night Vision Devices market development during the forecast period. Electronic products, such as smartphones, OLED TVs, and tablets, have the highest growth rates in the consumer electronics segment. Flat panel displays (such as LCDs, LEDs, and plasma displays) are being increasingly adopted. The manufacturing and processing of these displays require different chemicals and materials. The increased adoption of these displays is, therefore, expected to foster the growth of the Night Vision Devices market during the forecast period.
New applications for polymers for electrical and electronic applications are expected to contribute to the growth of the market, especially in North America and Europe, during the forecast period. Developing an interest in semiconductors in the hardware and electrical industry is advantageous for market development. Asia-Pacific region is estimated to hold a significant share of the Night Vision Devices market during the forecast period. China has the world's largest electronics production base and offers tough competition to existing producers, such as South Korea, Singapore, and Taiwan. Recent technological advancements have increased the importance of semiconductors across various industries.
Market Challenges
Strict Regulations & Rapid Decline in the Use of Old Technologies:
Environmental concerns and strict government regulations like EPA and REACH hampers market growth. Also, in some countries, higher duty rates increment the expense of photoresists, impacting the market growth during the forecast period. Technologies such as memory chips and data centers are declining rapidly due to the introduction of cloud-based storage. The necessity to store data physically has reduced considerably, which is the cause of a decline in the production of memory chips.
The manufacturers of electronic materials, especially the smaller players, need to adapt to change more frequently. The adaptability to new technology may take up some time, eventually leading to a loss of profit for the smaller players. Due to the increasing usage of mobile devices, the size of integrated chips and semiconductors is getting smaller; thus, the materials used in manufacturing semiconductors must be precise and of high quality to produce optimal results. To introduce new products, companies must invest in building new facilities or remodeling the setup, which will lead to high capital costs and eventually add up to the product cost.
Companies Mentioned
JSR Corporation
DUPONT
Merck KGaA
LG Chem
Sumitomo Chemical Company"
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Report Scope |
Details |
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Market Value |
USD 5.28 billion |
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Market Growth (Value), (2024-2031)- % |
4.5 |
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Leading Region |
XX |
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Base Year |
2023 |
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Forecast Period |
2024 to 2031 |
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Segments Covered |
By Technology, By Type, and By Application |
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Geography Covered |
North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa |
Market Segmentation
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By Type |
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By Technology |
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By Application |
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By Geography |
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TABLE OF CONTENTS
1. GLOBAL NIGHT VISION DEVICES INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions
2. NIGHT VISION DEVICES MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2023-2031
2.1. Night Vision Devices Market Latest Trends
2.1.1. High Penetration of IoT and AI:
2.1.2. Advancements in Material Technology:
2.1.3. Acceptance of Nanotechnology:
2.1.4. Increasing Demand for Anti-Reflective Coatings:
2.2. Night Vision Devices Market Insights, 2023-2031
2.2.1. Leading Night Vision Devices, by Type, 2023-2031
2.2.2. Leading Night Vision Devices, by Technology, 2023-2031
2.2.3. Dominant Night Vision Devices Application, 2023-2031
2.2.4. Fast-Growing Geographies for Night Vision Devices, 2023-2031
2.3. Night Vision Devices Market Drivers to 2031
2.3.1. Growth in Electronics & Semiconductor Industry Across the Globe:
2.3.2. Rising Demand for Automobiles:
2.3.3. Surging Popularity of Wearable Devices & Dynamic Display Technology:
2.4. Night Vision Devices Market Restraints to 2031
2.4.1. Strict Regulations & Rapid Decline in the Use of Old Technologies:
2.4.2. High Costs Associated with Photoresist Materials:
2.5. Night Vision Devices Market-Five Forces Analysis
3. GLOBAL NIGHT VISION DEVICES MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
3.1. Global Night Vision Devices Market Overview, 2023
3.2. Global Night Vision Devices Market Size and Share Outlook, By Type, 2023-2031
3.2.1. Camera
3.2.2. Goggles
3.2.3. Scopes
3.2.4. Other Types
3.3. Global Night Vision Devices Market Size and Share Outlook, By Technology, 2023-2031
3.3.1. Thermal Imaging
3.3.2. Image Intensifier
3.3.3. Other Technologies
3.4. Global Night Vision Devices Market Size and Share Outlook, By Application, 2023-2031
3.4.1. Military and Defense
3.4.2. Wildlife Spotting and Conservation
3.4.3. Surveillance
3.4.4. Other Applications
3.5. Global Night Vision Devices Market Size and Share Outlook by Region, 2023-2031
4. NORTH AMERICA NIGHT VISION DEVICES MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
4.1. North America Night Vision Devices Market Overview, 2023
4.2. North America Night Vision Devices Market Size and Share Outlook by Product, 2023-2031
4.3. North America Night Vision Devices Market Size and Share Outlook, By Technology, 2023-2031
4.4. North America Night Vision Devices Market Size and Share Outlook, By Application, 2023-2031
4.5. North America Night Vision Devices Market Size and Share Outlook by Country, 2023-2031
4.5.1. United States
4.5.2. Canada
4.5.3. Mexico
5. EUROPE NIGHT VISION DEVICES MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
5.1. Europe Night Vision Devices Market Overview, 2023
5.2. Europe Night Vision Devices Market Size and Share Outlook by Type, 2023-2031
5.3. Europe Night Vision Devices Market Size and Share Outlook, By Technology, 2023-2031
5.4. Europe Night Vision Devices Market Size and Share Outlook, By Application, 2023-2031
5.5. Europe Night Vision Devices Market Size and Share Outlook by Country, 2023-2031
5.5.1. Germany
5.5.2. France
5.5.3. UK
5.5.4. Italy
5.5.5. Spain
5.5.6. Rest of Europe
6. ASIA PACIFIC NIGHT VISION DEVICES MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
6.1. Asia Pacific Night Vision Devices Market Overview, 2023
6.2. Asia Pacific Night Vision Devices Market Size and Share Outlook by Type, 2023-2031
6.3. Asia Pacific Night Vision Devices Market Size and Share Outlook, By Technology, 2023-2031
6.4. Asia Pacific Night Vision Devices Market Size and Share Outlook, By Application, 2023-2031
6.5. Asia Pacific Night Vision Devices Market Size and Share Outlook by Country, 2023-2031
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. South Korea
6.5.5. Rest of Asia Pacific
7. SOUTH AND CENTRAL AMERICA NIGHT VISION DEVICES MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
7.1. South and Central America Night Vision Devices Market Overview, 2023
7.2. South and Central America Night Vision Devices Market Size and Share Outlook by Type, 2023-2031
7.3. South and Central America Night Vision Devices Market Size and Share Outlook, By Technology, 2023-2031
7.4. South and Central America Night Vision Devices Market Size and Share Outlook, By Application, 2023-2031
7.5. South and Central America Night Vision Devices Market Size and Share Outlook by Country, 2023-2031
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of SCA
8. MIDDLE EAST AFRICA NIGHT VISION DEVICES MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
8.1. Middle East Africa Night Vision Devices Market Overview, 2023
8.2. Middle East Africa Night Vision Devices Market Size and Share Outlook by Product, 2023-2031
8.3. Middle East Africa Night Vision Devices Market Size and Share Outlook, By Technology, 2023-2031
8.4. Middle East Africa Night Vision Devices Market Size and Share Outlook, By Application, 2023-2031
8.5. Middle East Africa Night Vision Devices Market Size and Share Outlook by Country, 2023-2031
8.5.1. Middle East
8.5.2. Africa
9. NIGHT VISION DEVICES MARKET STRUCTURE
9.1. JSR Corporation
9.2. DUPONT
9.3. Merck KGaA
9.4. LG Chem
9.5. Sumitomo Chemical Company
10. APPENDIX
10.1. About Us
10.2. Sources
10.1. Research Methodology
10.2. Research Process
10.3. Research Execution
10.4. Contact Information
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