3 Key Insights on Competitive Landscape in the Global Night Vision Device Market: Ken Research

Despite the Presence of about ~200 Competitors Comprising a Large Number of Country-Niche Players, Regional Players, the Global Players dominate the market in terms of market revenue share, finds a recent market study on Global Night Vision Device Market by Ken Research.

Night Vision Devices are optoelectronic devices that intensify the infrared, gamma, and ultraviolet light and produce a visible image that can be seen during the night or when the light levels are low or if it is dark. These devices can be handheld, mounted, or integrated into vehicles. Due to the benefits provided by these devices, they find a wide range of applications in military, defense, wildlife, and security-related activities among a host of other areas.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Global Players Constitute ~10% of Total Number of Competitors, While Country-Niche Players Constitute the majority of Total Competitors

For more information on the research report, refer to the below link:-
https://www.kenresearch.com/business-research/global-night-vision-device-market-outlook-2028/

A comprehensive competitive analysis conducted during the Research Study found that the Global Night Vision Device market is highly competitive with ~200 players, including globally diversified players, regional players, and a large number of country-niche players, which hold 60% share in terms of the number of companies present in the market, with their offerings in some specific product categories. The majority of the top global night vision device companies, including L3 Technologies Inc., American Technologies Network Corp., BAE Systems PLC, Thales Group SA, SATIR, Elbit Systems Ltd., Teledyne FLIR LLC, Collins Aerospace, Meopta, Excelitas Technologies Corp., Safran are expected to maintain their leading positions in the forecasted period.

2. Global Players' Continuous Investments in New Technologies and Products are Driving Revenue Growth in This Market

Detailed comparative analysis of key competitors available within the Research Study shows that numerous companies such as BAE Systems, and Excelitas Technologies are highly focused on providing products with newer technologies to stay ahead in the market.

In December 2020, BAE Systems launched its product TWV640 which was the first uncooled thermal camera core that was commercially available. It used 12µm pixels and reduced the optic cost and size by 20% and 50% respectively. This thermal imaging module product is available to military and commercial OEMs.
In October 2021, Excelitas Technologies launched its Cobra Eye flat-field eyepiece. This can be integrated into augmented reality, virtual reality, night vision, and thermal systems.

3. The Ongoing COVID-19 has Noticeably Accelerated the Demand for Thermal Imaging Night Vision Devices and Drones with Night Vision Cameras

The advent of the COVID-19 pandemic helped the night vision device market grow as the demand for thermal imaging devices grew. These were used widely to detect abnormal temperatures within a person's body while allowing a safe distance from the potentially infected person from the operator of the system. The governments also used night vision devices extensively to keep strict surveillance to curb and combat the deadly virus spread. Drones with night vision cameras helped governments to locate people who were violating the Covid norms such as social distancing and wearing a mask.

For example, in April 2020, the state government of Kerala in India used drones with night vision cameras to identify around 40 people who had not followed the social distancing norms.

The demand for thermal imaging equipment increased manyfold in China due to the Covid-19 outbreak in February 2020. The largest company in the country that used to sell only 100 such equipment yearly sold many times more of that within just 2 weeks because the authorities wanted to deploy them at public transport and gathering places.

Increasing Government Initiatives is Propelling the Night Vision Device Market Growth

Increased and active participation and initiatives by governments worldwide have been a very favorable factor in the growth of the night vision device market.

In November 2021, the French government, in its efforts to stop illegal migration and smuggling from the UK, announced a package of EUR €11 million that included thermal cameras and night vision equipment. The French government was adding mobile boats and vehicles which had high-end surveillance and detection equipment.

In December 2021, the US Army detailed its plans to move to digital night vision technology and was looking for a partner to facilitate the process. The United States Defense Department through its science and technology hub for the past 2 decades has also made research and investments in this area focusing on digital low-light level technology systems.

For more information on the research report, refer to the below link:-
https://www.kenresearch.com/business-research/global-night-vision-device-market-outlook-2028/

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