Global Night Vision Device Market was valued US$ XX Bn in 2019 and is expected to reach US$ 10.5 Bn by 2027, at a CAGR of around XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Night vision market is growing owing to its technological advancement in defense and commercial market. Night vision devices are typically used in defense for vision assistance at night and areas with low light intensity. Night vision devices are also deployed in a marine container, aerial vehicles, and defense ground equipment for navigation and monitoring drives in low light. The growing adoption of night vision devices across diversified industry verticals create a new market opportunity for night vision devices manufacturers.
The application of sensor fusion technology is a key trend in the night vision devices markets globally. Sensor fusion technology incorporated in night vision devices helps to offer more accurate estimations. These devices are very useful for military, security, and law enforcement personnel, which will expand market growth. However, the high cost of these devices may impact market growth negatively. The report provides detailed, information related to drivers, restraint and opportunity of the global night vision device market and categorizes it at various levels, thereby providing valuable insights at micro and macro levels.
The thermal imaging technology segment is expected to lead the market during the forecast period owing to the increasing use of the technology in diagnostics systems in the healthcare sector for providing better visibility.
The military segment is expected to dominate the global night vision device market in terms of revenue, followed by surveillance segment. Up-gradation of conventional technology in defense sector a factor propelling the growth of the military segment in the target market.
Region-wise, North America accounted for major share in terms of revenue and is projected to maintain its dominance over the forecast period. Presence of prominent players and high military budget are factors driving the growth of the night vision device market in this region. Moreover, the adoption of advanced technology is another factor anticipated to fuel the growth of the night vision device market in North America in the coming years.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Night Vision Device Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Night Vision Device Market.
Scope of the Global Night Vision Device Market
Global Night Vision Device Market, By Device
• Night vision camera
• Night vision scope
• Night vision goggle
Global Night Vision Device Market, By Technology
• Thermal imaging
• Image intensifier
• Infrared illumination
Global Night Vision Device Market, By Application
• Hidden objects detection
• Paranormal research
Global Night Vision Device Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Night Vision Device Market
• Thales group
• FLIR® Systems, Inc.
• BAE Systems Plc
• Collins Aerospace
• Bharat Electronics Limited
• L3 Technologies, Inc.
• Harris Group Inc.
• American Technologies Network Corp.
• Elbit Systems Ltd.
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