A recent report published by Infinium Global Research on night
vision device market provides an in-depth analysis of segments and sub-segments in
the global as well as regional night vision device market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional night vision device market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of global night vision device market. According to the report,
the global night vision device market is projected to grow at a CAGR of 8.3%
over the forecast period of 2019-2025.
Night vision devices are highly optoelectronic equipment. They are
used in ground defense, aerial vehicles, and marine containers. These devices
provide multi-spectral imaging, eye tracking, optical directing, and others.
The global night vision device market is projected to grow through the forecast
The increased applications in military operations coupled with the
incorporation of sensor fusion technology are driving the global night vision
devices market. The increase in terrorist activities has prompted several
governments to strengthen military operations. Innovation in technology and
commercial applications of night vision devices plays a key role in the growth
of the market across the globe. However, the high cost of night vision devices
due to the use of third-generation technology and cuts in the defense budget may
restrain the growth of the night vision devices market during the forecast
period. Moreover, the use of night vision devices for security and surveillance
applications creates an opportunity for the growth of the night vision device
market in the next few years.
In terms of region, the global night vision device market is
categorized into North America, Europe, Asia Pacific, and the Rest of the
World. North America holds the maximum market share and is estimated to
dominate the market during the forecast period. This is primarily due to the
presence of prominent players and high military budget in the North American
region. Furthermore, the adoption of advanced technology is the other key
factor that boosts the growth of the night vision device market in the region.
The Asia Pacific is projected to grow at a beneficial rate over the forecast
period. This is attributed to the use of night vision devices for civilian
applications and up-gradation of devices. Also, the growing military budget in
emerging countries is the other factor that is expected to fuel the growth of
the global night vision device market in the Asia Pacific region.
The report on a global night vision device market covers segments
such as product, technology, and application. On the basis of product, the
sub-markets include goggles camera, scope, and others. On the basis of
technology, the sub-markets include image intensifiers, thermal imaging, and
infrared illumination. On the basis of application, the sub-markets include navigation,
surveillance, targeting, and other application.
The report provides profiles of the companies in the market such
as Collins Aerospace, Thales group, BAE Systems Plc, FLIR® Systems, Inc.,
Bharat Electronics Limited, Inc., Harris Group Inc., American Technologies
Network Corp., Elbit Systems Ltd., and Satir.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of night vision
device market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.