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Night Vision Device Market worth $18.47 billion by 2030, growing at a CAGR of 9.68% - Exclusive Report by 360iResearch
Night Vision Device Market | 360iResearch
The Global Night Vision Device Market to grow from USD 8.82 billion in 2022 to USD 18.47 billion by 2030, at a CAGR of 9.68%.
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Night vision devices are highly advanced optical instruments that permit the observer to view objects and surrounding environments in low-light conditions or under complete darkness. These devices employ a combination of an image intensifier, a protective and generally water-resistant housing, and an optical system to enhance visibility during nighttime or otherwise dark conditions. Increasing defense expenditure by countries worldwide on advanced surveillance & communication technologies, a growing need for enhanced situational awareness in combat scenarios, and a rising focus on ensuring public safety through effective law enforcement measures are increasing the deployment of night vision devices across the end-use sectors globally. However, the high cost of manufacturing & maintenance of night vision devices may adversely impact their use by the end-use sectors. Moreover, continuous advancements in infrared technology resulting in improved performance characteristics such as better resolution & increased detection ranges are expected to encourage the deployment of night vision devices across the end-use verticals globally.
The night vision device (NVD) market is evolving in the Americas owing to its robust defense sector and extensive investments in research and development. European Union countries have demonstrated a strong interest in NVD technology with an increased emphasis on border security and enhancing situational awareness through next-generation night vision capabilities. Ongoing regional conflicts that necessitate enhanced surveillance capabilities are accelerating the deployment of night vision devices in the EMEA region. In the Asia-Pacific region, strong R&D efforts, increased defense spending, and upgrading surveillance systems with advanced night vision capabilities are encouraging the use of the night vision device market in the region. In addition, the incorporation of innovative materials and integration of breakthrough technologies in night vision devices are anticipated to propel the adoption of night vision devices worldwide.
Market Segmentation & Coverage:
This research report categorizes the Night Vision Device Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Image Intensifiers, Infrared Illumination, and Thermal Imaging. The Infrared Illumination commanded largest market share of 44.16% in 2022, followed by Thermal Imaging.
Based on Product, market is studied across Binocular & Clips, Camera, Goggles, and Scope. The Camera commanded largest market share of 38.66% in 2022, followed by Scope.
Based on Application, market is studied across Hidden Object Detection, Hunting, Military & Defense, Navigation, Surveillance, and Wildlife Spotting & Conservation. The Military & Defense commanded largest market share of 32.51% in 2022, followed by Wildlife Spotting & Conservation.
Based on Distribution, market is studied across Offline and Online. The Offline commanded largest market share of 83.84% in 2022, followed by Online.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.05% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Night Vision Device Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Night Vision Device Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Night Vision Device Market, highlighting leading vendors and their innovative profiles. These include AGM Global Vision, LLC, American Outdoor Brands, Inc., American Technologies Network Corporation, ANVS Inc., B.E. Meyers & Co., Inc., BAE Systems PLC, Bharat Electronics Limited, Elbit Systems Ltd., Excelitas Technologies Corp., Fenn Night Vision Limited, Fluke Corporation, General Starlight Company Inc., Global Tele Communications, Hangzhou View Sheen Technology Co., Ltd., Intevac, Inc., IRay Technology Co., Ltd., L3Harris Technologies, Inc., Leonardo S.p.A., LightPath Technologies, Inc., Lockheed Martin Corporation, MKU LIMITED, Newcon International Ltd, Night Vision Devices, Inc., Northrop Grumman Corporation, Optex Systems, Inc., Optronics Engineering Ltd., Photonis Technologies SAS by Exosens Group, QinetiQ Group Plc, Rolta India Limited, Rongland Ltd., RTX Corporation, Safran S.A., SATIR, Schmidt & Bender GmbH & Co. KG, Seek Thermal, Inc., Shenzhen Pard Technology Co., Ltd., SiOnyx, LLC, Steele Industries Inc., Tactical Night Vision Company, Inc., Tata Advanced Systems Limited, Teledyne FLIR LLC, Thales Group, Tonbo Imaging, and Yukon Advanced Optics Worldwide.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Night Vision Device Market, by Technology
7. Night Vision Device Market, by Product
8. Night Vision Device Market, by Application
9. Night Vision Device Market, by Distribution
10. Americas Night Vision Device Market
11. Asia-Pacific Night Vision Device Market
12. Europe, Middle East & Africa Night Vision Device Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Night Vision Device Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Night Vision Device Market?
3. What is the competitive strategic window for opportunities in the Night Vision Device Market?
4. What are the technology trends and regulatory frameworks in the Night Vision Device Market?
5. What is the market share of the leading vendors in the Night Vision Device Market?
6. What modes and strategic moves are considered suitable for entering the Night Vision Device Market?
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