Global Night Vision Device Market Size is estimated to expand rapidly in coming years, at a CAGR of 11.25 % from 2018 to 2025. In 2017, the global market valuation was USD 4.1 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Night vision devices such as camera and goggles discover numerous uses in the military industry, such as supervision, tracking, escape and fighting operations. Defense agencies use night goggles and cameras for training purposes to ensure preparation of the defense purposes. An appropriate set of night vision devices on a cloudy night can provide clear visibility over 150 to 200 yards which is the important factor expected to drive product demand over the forecast period. Technical innovations across the globe, the demand for lightweight binocular devices, and demand for advanced products are the key points behind the growth of the global night vision market. Geographically, North America is leading the global night vision devices market.  

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global night vision device market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global night vision device market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Type Insights: On the basis of type, global night vision device market has been segmented into camera, goggles, scope, others. Among which goggles segment has accounted for the largest share in the global market of night vision devices. Goggles find comprehensive use in the defense industry around the globe owing to their flexibility throughout night activities. Moreover, manufacturers in the industry are focusing on integrating this device with ADAS technology for cars, which will help raise in a trend of night photography. The camera segment is expected to witness steady CAGR over the forecast period.

By Technology Insights: On the basis of technology, global night vision device market has been segmented into image intensifier, thermal imaging, others. Thermal imaging devices have accounted for the largest share in the global market of night vision devices. Thermal imaging devices are further segmented into uncooled and cryogenically-cooled devices. Due to the elevated popularity and importance of technology-based instruments, the image intensifier is anticipated to be the moderately growing segment.

By Application Insights: On the basis of application, global night vision device market has been segmented into defense, wildlife spotting, wildlife conservation, surveillance, navigation, and others. The defense segment has accounted for the largest share in the global market of night vision devices. The notable increase in military activity at night and under bad visibility circumstances has resulted in a substantial increase in demand. Moreover, wildlife conservation has accounted dominant share owing to the rise in night safaris and an increasing number of research activities.

Regional Analysis

The night vision device market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in upcoming time span owing to the extensive use of night vision products in the army and defense services. Moreover, the presence of key players and intensive R&D operations conducted to develop sophisticated equipment lead to the successful growth of the regional economy.

The Asia Pacific is anticipated to experience the highest development due to the increase in border conflicts, a substantial increase in spending on guns and equipment in the defense industry, and a significant increase in demand from the business industry. Moreover constant developments in the market are expected to dominate the global market in the forecast period. Europe accounted for a substantial market share and is anticipated to grow steadily over the forecast period. Countries like Germany, France, and the UK. Products for urban surveillance apps are increasingly being adopted.

Global Night Vision Device Market Size, Share Analysis by Region 2017

Global Night Vision Device Market Study Objective

1. To forecast the market size of night vision device market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of night vision device market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of the night vision device market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of night vision device market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the night vision device market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

American Technologies Network Corporation; Harris Corporation; FLIR Systems, Inc.; Raytheon Company; Yukon Advanced Optics Worldwide; Bushnell;  Firefield; Apresys, Inc., Luna Optics; and L3 Technologies, Inc. are some of the key players in the market of night vision device. These players are focusing primarily on product innovations, investment banking, strategic alliances, and company upgrades to keep their position on the market.

Global Night Vision Device Market Study Report Offer You!

The global night vision devices market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.