Weapon Night Sight Market is Forecasted to Reach US$ 3.2 billion in 2028, Says Stratview Research

The global Weapon Night Sight Market is projected to witness a growth rate of 5.1% annually from 2023 to 2028, with an anticipated size of US$ 3.2 billion in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Weapon Night Sight Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/2840/weapon-night-sight-market.html#form

Report Highlights: `
Market Size in 2028: US$ 3.2 billion
Growth (CAGR): 5.1% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Weapon Night Sight Market:
The global Weapon Night Sight Market is segmented product type, technology type, platform type, and Region

Based on product type: The market is segmented into gun-mounted and vehicle-mounted weapon night sights. Gun-mounted weapon night sight holds the dominant share and is also likely to continue its supremacy throughout the forecast period. It is primarily due to its wide usage, lower cost, portability features, and easy-to-use interface. These systems are largely used by the armed forces during stealth missions.

Based on Technology Type: The market is classified as image intensification technology, thermal technology, and fusion technology. Weapon night sights embedded with thermal technology have generated a large demand. All three technology types are further bifurcated with the sole aim of providing a panoramic view of the market. Image intensification is divided into generations I-III and IV systems. Similarly, thermal night sights are segmented into SWIR, MWIR, and LWIR, and fused night sights into optical and digital image integration.
In recent years, weapon night sights embedded with thermal technology have generated a large demand. This is because the performance of thermal weapon sights is not affected by the absence of a light source, as they work exclusively on detecting the heat radiation of the target and their surroundings. Therefore, with the increasing anti-terrorism missions across the globe, the demand for thermal weapon night sights is expected to increase.

Based on platform type: The market is bifurcated into ground-based, air-based, and naval-based platforms. The ground-based platform is likely to continue to be the major demand generator for weapon night sights in the coming years. As these devices are frequently used by dismounted soldiers for enhanced night-firing capabilities in several ground-based combat missions, the ground-based platform is likely to continue to be the major demand generator for weapon night sights in the coming years.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis North America is likely to maintain its supremacy in the weapon night sight market throughout the forecast period. This growth outlook is majorly attributed to the following-
• As the weapon night sights substantially augment the night-firing capabilities of the armed forces, the US DoD has been extensively investing in them. Moreover, the region is the home to the major companies in the market such as L3Harris Technologies, Inc., Raytheon Technologies Corporation, and Elbit Systems of America, LLC, which are among the major contractors for the regional defense authorities.

Weapon Night Sight Market Drivers:
• There has been an unprecedented demand for weapon night sights in recent years as several military operations, such as counterterrorism and anti-militant missions, occur at night or under poor visibility conditions.
• As a result, there have been significant investments directed at these systems by the defense authorities, which has radically influenced market growth.

Top 10 Companies in the Weapon Night Sight Market:
Stratview Research has identified the following companies as the top market players:
• L3Harris Technologies, Inc.
• BAE Systems plc
• Elbit Systems Ltd.
• Raytheon Technologies Corporation
• Thales Group

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Weapon Night Sight Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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This release was published on openPR.