Night Vision Devices Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Gree Electric Appliances, Inc. Guangdong Chigo Air Conditioning Co. Ltd. Haier Electronics Group Co. Ltd. (GE Appliances)

Night Vision Devices is anticipated to grow at a considerable CAGR of 8.38% during the forecast period. A night vision device (NVD) is an optoelectronic device that allows users to see images in low light levels. They are also known as night optical/observation devices (NOD) and night vision goggles (NVG). There are many drivers for the market but the increase in military and defense expenditure is leading to the boom of the market. Governments around the world are increasing their spending on military and defense equipment, including night vision devices. This is due to several factors, including the rise of terrorism, the growing threat of climate change, and the increasing tensions between major powers. One of the examples of this is the US military. The US military has one of the largest expenditures on defense. For instance, the US has invested more than $44.5 billion in security assistance to demonstrate our enduring and steadfast commitment to Ukraine's sovereignty and territorial integrity. The investment made by the US is for supporting Ukraine in the war against Russia.

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The global Night Vision Devices market is segmented based on Device, Technology, and Application type. Based on Device, the market is segmented into cameras, goggles, monoculars & binoculars, and others (rifle scope). Based on Technology, the market is sub-segmented into image intensifier, thermal imaging, and infrared illumination. Based on Application, the market is sub-segmented into paranormal search, security & surveillance, hunting and wildlife observation, navigation, hidden object detection, and others (rescue operations).

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• Market Coverage
• Market number available for - 2024-2030
• Base year- 2023
• Forecast period- 2024-2030
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Night Vision Devices Market Report Segment
By Device
• Camera
• Goggles
• Monoculars & Binoculars
• Others (Rifle Scope

By Technology
• Image Intensifier
• Thermal Imaging
• Infrared Illumination

By Application
• Paranormal Search
• Security & Surveillance
• Hunting and Wildlife Observation
• Navigation
• Hidden Object Detection
• Others (Rescue Operations)

Global Night Vision Devices Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Night Vision Devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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