Night Vision Devices Market Share, Size, Global Industry Analysis, Trends, Growth and Top Key Player

Global Night Vision Devices Market Report | Industry Trends and Forecast by 2023

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Report Description and Highlights

Report Description

Night Vision Devices Market Report By Device (Goggles, Cameras, Scopes and Others), Technology (Image Intensifier, Thermal Imaging and Infrared Illumination), End-User, Region Over the recent years, the global night vision devices market has been witnessing a healthy growth on account of ascending terrorist threats as well as unlawful activities worldwide. This can also be accredited to escalating defence spending by military forces of several regions.

Market Overview: According to the latest report by IMARC Group, titled “Night Vision Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global night vision devices market reached a value of nearly US$ 7 Billion in 2017. Night vision devices are optoelectronic tools which assist in providing a clear image in dark surroundings by sourcing, detecting and amplifying the light. The image produced by night vision devices is usually green in colour and presents an accurate as well as user-friendly picture to the wearer. These devices are primarily used for navigation, surveillance, detecting intruders and criminals as well as targeting by law enforcement and security agencies.

Report Description and Highlights

Report Description

On account of growing terrorist threats and unlawful activities across the globe, there is a need for constant vigilance, as a result of which security screening has become mandatory at public places like airports, railways, stadiums and border checkpoints. In addition to this, an escalation in the cases of covert operations acts as another major factors driving the night vision devices. Apart from this, technological advancements in night vision devices have led to low-cost solutions, reduced weight, enhanced product performance, unique product design and ease of handling. Moreover, the confluence of efficient consumption of power and expanding applications in wildlife photography has contributed towards the market growth. Looking forward, the market value is projected to reach around US$ 11 Billion by 2023, registering a CAGR of more than 8% during 2018-2023.

Night Vision Devices Market Segmentation: Market Segmentation by Device o o o o

Goggles Cameras Scopes Others

Based on device, the market has been segregated as goggles, cameras, scopes and others. Amongst these, goggles represent the most popular night vision device.

Market Forecast

Sample Figure: Global: Night Vision Devices Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description

For more information, click here: https://www.imarcgroup.com/night-vision-devices-market Market Segmentation by Technology • • •

Image Intensifier Thermal Imaging Infrared Illumination

On the basis of technology, image intensifier accounts for the largest market share. Other major technologies include thermal imaging and infrared illumination.

Market Segmentation by End-User • •

Military Segment Civil Segment

The market has also been bifurcated on the basis of end-user into the military and civil segments.

Currently, the military segment holds the majority of the total share. This is due to the fact that the major military forces of the United States, Russia, China, India, North Korea, etc. are increasing their expenditure on defence.

Market Segmentation

Report Description

Request for a sample report: https://www.imarcgroup.com/request?type=report&id=949&flag=B Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, North America is the leading market accounting for the majority of the global share. Other major markets include Europe, Asia Pacific, Middle East and Africa, and Latin America. The involvement of the United States in armed conflicts has been one of the major growth-inducing factors for the market.

Moreover, rising cross-border smuggling activities and drug trafficking are expected to propel the demand for night vision devices in the region.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

•

Flir Systems

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description • • • •

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Report Description and Highlights

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