Night Vision Device Market is Estimated to Grow Incredible CAGR till 2030 | Top Players Flir System (U.S.), Exelis Inc (U.S.), L3 communication (U.S.), American Technologies Network Corp. (U.S.), Elbit systems (Israel), Rockwell Collins Inc. (U.S.)

Global Night Vision Device Market to Grow due to Extensive Usage in Military Sector

The ability of Night Vision Device to be able to see in the dark has many applications other than with our day to day activities, which prompted the development of night vision goggles. Night vision goggles are not just toys or props used in spy movies. Law enforcement officials use night vision goggles for nighttime operations to include training and to enhance mission readiness. With the appropriate night-vision equipment, they can see an individual standing over 200 yards (183 m) away.

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The original purpose of night vision goggles was to locate enemy targets at night. It is still used extensively by the military for that purpose, as well as for night navigation, surveillance, and targeting. Police and security often use both thermal imaging and image-enhancement technology, particularly for surveillance. Hunters and nature enthusiasts' use Night Vision Device's to maneuver through the woods at night. Detectives and private investigators use night vision devices to watch people. Many businesses have permanently mounted cameras equipped with night vision components to monitor the surroundings of their facilities.

The night vision device technology has been significantly evolved from the use of bulky optical instrument to the lightweight and easy to handle goggles by the implementation of image intensification technology. The use of thermal imaging system by detecting infrared rays emitted by the heat sources is an ongoing trend in the global military night vision device market.

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The prominent players covered in this report:
1. ATN Corporation
2. ROE
3. Harris Corporation
4. Night Owl
5. Tata Advanced Systems Limited
6. Armasight
7. Bushnell
8. PYSER-SGI LIMITED
9. General Starlight Co. Inc
10. Yukon, Starlight NV Ltd
11. Night Optics
12. Optix LTD
13. Dipol Ltd
14. Nivisys LLC
15. Newcon Optik
16. NVT
17. Orpha
18. KATOD
19. Starlight NV Ltd

Key Takeaways of the Night Vision Device Market Study

1. Based on technology, the market can be segmented into image intensifiers, thermal imaging, and others. Thermal imaging accounted for the largest market share. There are two types of thermal imaging devices, namely, uncooled and cryogenically-cooled. Uncooled devices are the most common ones operating and can operate at room temperature.

2. In terms of application, the military segment accounted for the largest share of the market and will expand at a significant CAGR over the forecast period. The notable rise in military activities at nights and during conditions with poor visibility has led to a significant rise in demand.

3. North America led in 2018 owing to the extensive usage of products in the U.S. army. In addition, intensive R&D activities undertaken for devising advanced devices contribute to the promising development of the regional market.

4. The rising availability of such advanced products is also likely to drive growth. The demand for lightweight night vision devices is gaining traction in the market.

Notable Development Trends to Open up New Horizons of Growth for Night Vision Device Market

The leading market players focus on product development as well as the strategies such as collaboration and partnership with competitors of research institutes or with government support agencies to enhance the market share during the
forecast period.

1. Feb 07, 2020 - French defense firm Thales and Kanpur-based defense manufacturer MKU announced that they will jointly develop ELFIE night vision devices (NVD) for the armed forces in India and across the world.

2. 27th September 2019 - DRDO develops night vision equipment for Indian Army tank crew. The DRDO has already supplied 300 TI-NVDs for T-72 tanks, and 2,000 more are to be produced. These indigenous TI-NVDs are being produced in BEL, Vijaywada and OFB Dehradun.

3. March 6, 2019 - Aviation Specialties Unlimited, Inc., (ASU) announced at Helicopter Association International's annual convention, HELI-EXPO, in Atlanta that the company will offer a special introductory rate and package for its new E3 Lightweight Night Vision Goggle.

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Major points covered in the report:

1. An overview of the market, including background and evolution
2. Macroeconomic factors moving the night vision device market and its prospective growth
3. Night Vision Device Market dynamics, such as drivers, challenges, and trends
4. Detailed value chain analysis of the night vision device market
5. The cost structure of the products and segments covered in the study
6. In-depth pricing analysis, by key product segments, regions and by major market participants
7. Market Study of supply and demand, manufacturing and consuming regions, overall trade scenario with imports/export details
8. Analysis of the market structure, including a tier-wise categorization of key market participants
9. Competitive landscape of the night vision device market, including detailed profiles of the top players in this market

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