Global Night Vision Device Market: By Technology: Thermal Imaging Night Vision Device Market, Image Intensifiers Night Vision Device Market, Infrared Illumination Night Vision Device Market; By Device Type: Night Vision Camera Market , Night Vision Scopes Market, Night Vision Goggles Market; By Application: Navigation, Surveillance, Targeting, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Supply and Demand (2015-2019); Supply and Demand Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Events and Developments

Global Night Vision Device Market Key Insights:

Market Outlook

The global night vision device market attained a value of USD 6.5 billion in 2019. The industry is further expected to grow at a CAGR of 8.6% in the forecast period of 2019-2025 to reach a value of USD 10.7 billion by 2025 due to its rising demand in defence and industrial sector.

Properties and Applications

A night vision device helps in looking in the dark and is used for protection purposes where light intensity is low. These devices are highly optoelectronic equipment that provide multi-spectral imaging, optical guiding , and eye tracking. They are used in navigation, surveillance, and targeting sectors.

The night vision device can be segmented based on:

• Technology
  • Thermal Imaging 
  • Image Intensifiers 
  • Infrared Illumination
• Device 
  • Night Vision Camera  
  • Night Vision Scopes 
  • Night Vision Goggles

The EMR report looks into the regional night vision device markets like the North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

The adoption of night vision devices by the governments to improve military navigation and their capabilities of targeting and surveillance is driving the global night vision device industry. The increasing terror threat is a significant factor in the growth of the industry. The growing demand for night vision equipment in high-end commercial vehicles is further fostering the global night vision device industry. Night vision technology is becoming a significant subject for researchers leading to technological advancements in night vision devices, thus, fuelling the industry growth. The image intensifiers night vision device segment is the fastest growing market owing to its high popularity and the significance of the devices.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global night vision device industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Thales Group
• FLIR® Systems, Inc.
• Bae Systems Plc
• Bharat Electronics Limited (BEL)
• L3 Technologies, Inc.
• Harris Group Inc. 
• Elbit Systems Ltd.
• American Technologies Network Corp.

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

Key Questions Answered in the Report:

• How has the global night vision device industry performed in the previous years (2015-2019)?
• What is the forecasted assessment of the industry for 2020-2025?
• What are the major drivers in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major demand indicators of the global night vision device industry?
• What are the key manufacturers of night vision camera, night vision scope, and night vision goggles in the global industry?
• What is the degree of competition in the global night vision device industry?
• What are the major events and developments taking place within the global industry?

Introduction

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