Night Vision Devices Market Expected to Reach a Value of US$ 11.6 Billion by 2024 | CAGR 7.4%

Global Night Vision Devices Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Night Vision Devices Market Overview: According to the latest report by IMARC Group, titled “Night Vision Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global night vision devices market size reached US$ 7.4 Billion in 2018. Night vision devices refer to a ser of equipment that help in enhancing human sight under low light conditions. These devices were initially developed for military use during World War II. Since then, they have evolved from bulky optical instruments to lightweight googles owing to the advancements in image intensification technology. With reductions in weight, cost, size, and power consumption, night vision devices are employed in several application areas such as law enforcement, hidden-object detection, wildlife observation, military, automotive, navigation and entertainment.

Night Vision Devices Market Trends Over the past few years, the increasing geopolitical issues and territorial conflicts have created a need for advanced electronic equipment, such as night vision devices, to improve vigilance and surveillance in military areas across the globe. Owing to this, manufacturers are consistently upgrading the functioning and design of camera installed in night vision devices to improve their efficiency.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Apart from the military sector, these devices have also gained popularity in the field of hunting across the Czech Republic, the United States and Russia to improve the performance of hunting gear like monoculars, viewfinders, and clip-on vision technologies. On account of these factors, the market is expected to reach a value of US$ 11.6 Billion by 2024, at a projected CAGR of 7.4% during 2019-2024.

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Moreover, there has been a rise in the usage of night vision devices in border security on account of the high influx of refugees and immigrants, along with the increasing cross-border operation.

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

Goggles Cameras Scopes Others

Based on the device, the market has been segmented into goggles, cameras and scopes. Currently, goggles are the most popular type of night vision devices.

Market Segmentation by Technology

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Image Intensifier Thermal Imaging Infrared Illumination

On the basis of the technology, the market has been segregated into image intensifiers, thermal imaging and infrared illumination. Amongst these, the growth is led by image intensifiers, which help in amplifying the available light.

Market Segmentation by End User • •

Military Segment Civil Segment

The market for night vision devise has been categorized on the basis of the end user, which mainly includes military and civil segments. Currently, the military segment represent the largest end user in the market.

Market Segmentation by Region

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Europe North America Asia Pacific Middle East and Africa Latin America

On a regional basis, North America represents the biggest market for night vision devices, holding the majority of the global market share. This can be attributed to the large number of manufacturers of night vision devices in the region. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.

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

• • •

FLIR Systems Harris Corporation L3 Technologies

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Elbit Systems American Technologies Network Corp.

Browse Related Report Machine Vision Market Report: https://www.imarcgroup.com/machine-vision-market Industrial Wearable Devices Market Report: https://www.imarcgroup.com/industrial-wearable-devices-market

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