Military Night Vision Device Market Business Growth, Industry Latest Trends, Size, Key Drivers, Top Players And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Military Night Vision Device Global Market Report 2023 identifies rising terrorist attacks as the major driver for the military night vision device market's growth in the forecast period. Terrorist activities refer to a rise in the number and severity of violent acts committed by individuals or groups to cause harm, fear, or disruption to society. Military night vision systems aid in the prevention of terrorist attacks by enabling military personnel to see in low-light circumstances and detect possible threats before they can carry out an assault.

The global military night vision device market size is expected to grow from $3.94 billion in 2022 to $4.39 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military night vision device market size is expected to reach $6.4 billion in 2027 at a CAGR of 9.9%.

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Major competitors in the military night vision device market are American Technologies Network Corporation, Teledyne FLIR LLC, L3 Harris Technologies Inc., Thales Group SA, British Aerospace PLC.

A key trend in the military night vision device market includes technological advancement. Companies operating in the military night vision devices market are adopting new technologies to sustain their position in the market. For instance, in September 2021, L3Harris Technologies Inc., a US-based defense contractor, and information technology services provider, launched (ENVG-B) system and was awarded by the US Army $100 million for delivering enhanced night vision goggle technology. This technology enables the enhancement of soldiers' ability of surveillance, mobility, awareness, target engagement, lethality, and survivability. The ENVG-B, STORM II laser rangefinder, and tactical radios like the AN/PRC-163 and AN/PRC-171 are the most recent examples of how the firm is helping the Army's objective to improve troop situational awareness, mobility, and lethality.

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The military night vision device market is segmented -
1) By Type: Camera, Goggles, Monocular And Binoculars, Rifle Scope, Other Types

2) By Technology: Thermal Imaging, Image Intensifier, Infrared Illumination, Other Technologies

3) By Application: Surveillance, Targeting, Navigation, Other Applications

4) By End User: Military Segment, Civil Segment

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the military night vision device market.

The Business Research Company's "Global Military Night Vision Device Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Military Night Vision Device Market Include:
1. Executive Summary
2. Military Night Vision Device Market Characteristics
3. Military Night Vision Device Market Trends And Strategies
4. Military Night Vision Device Market - Macro Economic Scenario
5. Military Night Vision Device Market Size And Growth
……..
26. Africa Military Night Vision Device Market
27. Military Night Vision Device Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Night Vision Device Market
29. Military Night Vision Device Market Future Outlook and Potential Analysis
30. Appendix

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