As per this study the Global Night Vision Device Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Night vision device is referred to as the optoelectronic device that helps to see the object in the absence of visual light. These devices use technologies that allow to form an image and intensify the light in complete darkness. It consists of image intensifier tube, water-resistant housing, with telescopic lens or mirrors. It is widely accepted in military, wildlife observation, surveillance, and object detection, navigation and in various other operations.
The rising threat of attacks across the borders of various nations with increasing up gradation of weapons and devices by governments to strengthen national security is driving the market growth. Emergence of advanced technologies to enhance the vision, navigation and surveillance ability especially in military sector is further boosting the growth of night vision device. Increasing installation in automotive vehicles is also favoring the growth of this market. On the flip side, high cost of these devices may impact the market growth negatively.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of night vision device.
The broad night vision device market has been sub-grouped into product, technology and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Image Intensifiers
- Thermal Imaging
- Military & Defense
- Law Enforcement
- Hunting, Wildlife Observation
- Surveillance & Security
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for night vision device in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Night Vision Device Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the night vision device market include Armasight, ATN, BAE Systems, FLIR® Systems, Inc., Harris Corporation, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.