Night Vision Device Market Growth, Analysis, Outlook and Forecast 2019-2027

The Global Night Vision Device Market is projected to reach a value of over USD 12.0 billion by 2027 at a CAGR of around 7.4%.

Night vision is a technology that provides some vision in darkness and improvised vision in low-light environments. This technology is mainly designed for warfare purposes in which highly advanced light-sensitive cameras are used to produce clear visible images at night where the naked eye cannot see. Cameras, goggles, scopes, and binoculars are a few types of night vision devices that help individuals to get an almost clear view at night. Night vision devices are mainly used in Military & defense, wildlife observation, security & surveillance, hidden object detection, and navigation among others.

Night Vision Device Market: Drivers & restraints

Market Driver:

Increasing Military & Defense Industry

Currently, the demand for military & defense equipment is increasing as the government of every leading country is focusing on military modernization due to increasing global security issues. The worldwide complexity of the security environment is likely to boost global defense spending over the next seven years. Increasing global military & defense spending will create opportunities for defense contractors and their supply chain management. Increasing terrorism, demand for border security control, and increasing homeland security directly boost the market of military & defense which drive the night vision device market during the forecast period.

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Market Restraints:

High Cost of Night Vision Devices Due to Use of Third Generation Technology

According to FLIR Systems, second-generation night vision devices displays a clean and bright image with a standard resolution, while providing a range of ~200 yards which depends on the model. This device is commonly used for professional use such as law enforcement. The life expectancy of second-generation devices is about 5,000 hours of use. In the current scenario, third-generation night-vision devices provide a cleaner and brighter image, high resolution, good low-light performance, and high durability than second-generation night vision technology devices. The range of the third generation devices is 300+ yards which are more than second-generation night vision devices and the life expectancy of third-generation devices is 10000+ hours which is more than second-generation night vision technology devices. Hence these devices are more expensive than the second-generation device which is expected to hamper the growth of the market during the forecast period.

Night Vision Device Market: Key Segments

Based on technology: Thermal Imaging, Image Intensifiers, Infrared Illumination, and Others
Based on product: Cameras, Goggles, Scopes, and Others
Based on Application: Military & Defense, Law Enforcement, Hunting, Wildlife Observation, Security & Surveillance, Navigation, Hidden Object Detection, Engineering, Fire & Rescue Operations, and Others
Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Night Vision Device Market: Report Scope

The report on the night vision device market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Night Vision Device Market include:

Thales Group (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
FLIR Systems, Inc.
ELBIT SYSTEMS OF AMERICA, LLC
BAE Systems
ATN Corp
Tata Advanced Systems Limited
Meopta - optika, s.r.o. and Meopta U.S.A., Inc
Newcon Optik
Raytheon Company
SATIR

NIGHT VISION DEVICE MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Night Vision Device Market, by Technology

Thermal Imaging
Image Intensifiers
Infrared Illumination
Others

Night Vision Device Market, by Product

Cameras

Infrared Night Vision Cameras
Low Light Night Vision Cameras
Thermal Cameras
Hand Held Thermal Cameras
Thermal Vision Monocular

Goggles

Scope

Others

Night Vision Device Market, by Application

Military & Defense
Law Enforcement
Hunting
Wildlife Observation
Security & Surveillance
Navigation
Hidden Object Detection
Engineering
Fire & Rescue Operations
Others

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Night Vision Device Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

What are the prominent developments affecting the market worldwide and its growth?
What will be the impact of the developments in the market on the industry and on the market players in the future?
What are the evolving variations of the market globally?
What are the evolving functions of the market globally?
What are the prominent aspects that will affect market growth globally during the study period?
Who are the key players operating in the market across the globe?
How are the key players leveraging in the present market scenario worldwide?

Table of Content

INTRODUCTION
RESEARCH DESIGN & SCOPE
EXECUTIVE SUMMARY
MARKET DYNAMICS
INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
GLOBAL NIGHT VISION DEVICE MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)
GLOBAL NIGHT VISION DEVICE MARKET BY PRODUCT, Market Size in USD Million (2019-2027)
GLOBAL NIGHT VISION DEVICE MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
GLOBAL NIGHT VISION DEVICE MARKET BY REGION, Market Size in USD Million (2019-2027)
COMPETITIVE LANDSCAPE
COMPANY PROFILES
APPENDIX

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