Night Vision Device Market Detailed Analysis and Forecast up to 2026

According to a new market research report published by Transparency Market Research, the night vision device market is expected to reach US$ 14,861.2 Mn by 2026, expanding at a CAGR of 8.9% from 2018 to 2026. According to the report, the global night vision device market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, North America is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 9.3% from 2018 to 2026. China, India, Japan, and South Korea are expected to be major contributors to the night vision device market in Asia Pacific during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=57543

𝐑𝐢𝐬𝐢𝐧𝐠 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐔𝐩𝐠𝐫𝐚𝐝𝐞 𝐨𝐟 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐍𝐕𝐃𝐬 𝐟𝐨𝐫 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐚𝐧𝐝 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬

In different countries across the world, government organizations are upgrading their existing weapons and devices in order to enhance navigation and targeting and surveillance capabilities of the military. Increasing terror threats in different countries is expected to be a major factor boosting the global night vision device market during the forecast period. Increasing demand for automotive night vision devices for use in high-end commercial cars is fueling the market for night vision devices. It is also expected to create better opportunities for manufacturers of night vision devices in the next few years. Moreover, the night vision technology have become an important topic for scientists to conduct research on. Furthermore, rising need of the modern armies to operate at night and during conditions with poor visibility has led to significant advancements in the technology of night vision devices. With the increased spending by governments on NVDs to fulfill the demand for combat operations and night patrolling, the global night vision device market is expected to witness significant growth during the forecast period. This is expected to propel the demand for night vision devices in the next few years.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐍𝐢𝐠𝐡𝐭 𝐕𝐢𝐬𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭

The global night vision device market has been broadly segmented in terms of type, technology, application, and geography. Based on type, the market has been segregated into vehicle use and personal use. The personal use segment has been sub-segmented into scopes, googles (bi-ocular & monocular), cameras, and others. Among types, the personal use segment accounted for a major share of more than 80.0%, in terms of revenue and volume, in 2017. In terms of revenue, the personal use segment is anticipated to expand at a CAGR of 9.6% during the forecast period. In order to fulfill the global demand, various manufacturers of night vision devices are currently focusing on research and development activities on a regular basis in order to invent advanced applications of night vision devices. Developing infrastructure, economic growth, large population, and increasing urbanization are expected to drive the night vision device market during the forecast period. Military & defense is a leading sector driving advancements in the night vision technology. On the other hand, as applications in commercial markets continue to advance, the demand is estimated to increase further in the near future.

Based on technology, the night vision device market has been divided into image intensifiers, thermal imaging, and others. The image intensifiers segment held the maximum market share in 2017, in terms of both revenue and volume. Additionally, it is a highly attractive segment of the global night vision device market. It is expected to register the maximum growth rate of 9.4% during the forecast period. Growing concerns about the national security, lower prices of devices than thermal imaging devices, and rising adoption of night vision devices from the military & defense sector are fueling the night vision device market.

In terms of application, the night vision device market has been classified into military & defense, law enforcement, hunting, wildlife observation, surveillance & security, navigation, and others. Military & defense is a highly attractive application segment of the global night vision device market. In terms of revenue, the segment is expected to expand at a CAGR of 9.4% during the forecast period. The increasing need of the modern armies to operate at night and during conditions with poor visibility has led to significant advancements in the technology of night vision devices. With the increased spending by governments on NVDs to meet the demand for combat operations and night patrolling, the global night vision device market is expected to witness significant growth during the forecast period.

As per TMR analysis, in 2017, North America accounted for the maximum i.e. more than 35% share of the global market, in terms of both revenue and volume. The Asia Pacific night vision device market is primarily driven by increased investments in modernization of military infrastructure and risen urban population in the region, especially in developing economies such as China and India. The night vision device market is expected to witness further innovations and developments in the near future, as several leading manufacturers are investing in research and development activities.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=57543<ype=S

𝐆𝐥𝐨𝐛𝐚𝐥 𝐍𝐢𝐠𝐡𝐭 𝐕𝐢𝐬𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨

The research study includes profiles of leading companies operating in the global night vision device market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the global night vision device market are Armasight, ATN Corporation, BAE Systems, FLIR Systems, Inc., Harris Corporation, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales Group. Various business strategies are being adopted by market leaders. Companies are focusing on expanding their business by entering into strategic partnerships and offering innovative solutions.

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐧𝐢𝐠𝐡𝐭 𝐯𝐢𝐬𝐢𝐨𝐧 𝐝𝐞𝐯𝐢𝐜𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬:

𝐆𝐥𝐨𝐛𝐚𝐥 𝐍𝐢𝐠𝐡𝐭 𝐕𝐢𝐬𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐒𝐜𝐞𝐧𝐚𝐫𝐢𝐨

Vehicle Use (Camera)
Personal Use
Scopes
Goggles (Bi-ocular or Monocular)
Cameras
Others (Binoculars, Clips on, etc.)

𝐆𝐥𝐨𝐛𝐚𝐥 𝐍𝐢𝐠𝐡𝐭 𝐕𝐢𝐬𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲

Image Intensifiers
Thermal Imaging
Others

𝐆𝐥𝐨𝐛𝐚𝐥 𝐍𝐢𝐠𝐡𝐭 𝐕𝐢𝐬𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Military & Defense
Law Enforcement
Hunting
Wildlife Observation
Surveillance & Security
Navigation
Others

𝐆𝐥𝐨𝐛𝐚𝐥 𝐍𝐢𝐠𝐡𝐭 𝐕𝐢𝐬𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧

North America
U.S.
Canada
Rest of North America
Europe
Germany
France
U.K.
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Rest of South America

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

Connected Home Devices Market - https://www.prnewswire.com/news-releases/connected-home-devices-market-endow-home-owners-personalized-automation-experiences-integration-with-iot-and-ai-key-pivots-tmr-301127545.html

Warehouse Robotics Market - https://www.prnewswire.com/news-releases/elevated-deployment-amidst-covid-19-accentuates-warehouse-robotics-market-valuation-of-us-9-579-3-mn-estimated-by-2027-tmr-301130050.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

Nikhil Sawlani
Transparency Market Research Inc.
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