Night vision market is growing due to its technological advancement in defense and commercial market. Night vision devices are mostly used in defense for vision assistance at night and areas with low light intensity. Night vision devices are also deployed in marine container, aerial vehicles, and defense ground equipment for navigation and monitoring purposes in low light. For civilian purpose night vision device is used for security camera around the house, camping, search and rescue, etc. In addition to that, night vision devices are also used in wildlife sanctuaries to observe the various activities of animals in night time. Night vision device provides multi- spectral imaging, optical directing, eye tracking, and many other things. The increasing adoption of night vision devices across diversified industry vertical create new market opportunity for night vision devices manufacturers.
Night Vision Device Market: Drivers and Challenges
The major driver for Night Vision Device Market are innovation in technology, increase in armed conflicts, and commercial applications of night vision devices. In addition to that, increase in adoption of night vision device due to its cost effectiveness is the main factor which is driving the steady growth of the night vision device market.
In contrast to this, due to high cost of night vision devices as compared to thermal image cost is restraining the market growth.
Night Vision Device Market: key players
Some of the key players for Night Vision Device Market are Armasight, ATN, BAE Systems, Elbit FLIR Systems, Harris, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales.
Market: Regional Overview
Night Vision Device Market is currently dominated by North America due to presence of large number of vendors.Asia Pacific Night Vision Device Market is expected to have the highest growth rate due to increase in use of night vision device for defense sector.
Night Vision Device Market: Regional Overview
Night Vision Device Market is currently dominated by North America due to the technological advancements in this region.Asia Pacific Night Vision Device Market is expected to have the highest growth rate during the forecast period.
Night Vision Device Market Segments
- Night Vision Device Market Dynamics
- Historical Actual Market Size, 2013 - 2015
- Night Vision Device Market Size & Forecast 2017 to 2027
- Value Chain
- Night Vision Device Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Night Vision Device Market Drivers and Restraints
Regional analysis for Night Vision Device Market includes development of these systems in the following regions:
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Night Vision Device Market: Segmentation
Segmentation on the basis of device:
- Night vision goggle
- Night vision camera
- Night vision scope
Segmentation on the basis of technology:
- Image intensifier
- Thermal imaging
- Infrared illumination
Segmentation on the basis of industry:
- Defense and Government
- Transportation and Logistics
- IT and Telecommunications
- Energy and Utilities
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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