Global Night Vision Device Market was valued at USD 5.78 billion in 2018 which is expected to reach USD 16.32 billion by 2027 at a CAGR 8.2%.
Night vision devices are also referred as night optical/observation device. It is type of optical instrument that produces image in levels of light in darkness. Mainly these devices are classified into three types such as Night Vision Camera, Night Vision Goggle, and Night Vision Scope.
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The Night Vision Device Market report enriched with various driving and restraining factors that have their core in volume-wise and value-wise analysis. Several other aspects have been included to measure the growth chart of the Night Vision Device Market and they are various projections, demographic changes, historic details, and others. At the same time, the Night Vision Device Market would include the tactical moves launched by market titans to solidify their own stand in the market and ensure a comprehensive overcoming of barriers posed by various market deterrents. This type of an analysis provides a credible outlook and outlining associated with market to ensure the market potentials have been capitalized to the fullest.
Analysis of the Night Vision Device Market is also done on a regional basis. The report serves analysis, considering the recent market trends, opportunities, and outlook in the regional market. The report also emphasizes on top key players by providing details such as shipments, company profiles, pricing, contact details, product specifications, and others. Also, detailed information of the key players and strategies adopted by them are also presented in the report for a thorough understanding of the overall market. The report also emphasizes on the recent and emerging trends that are occurring within the manufacturing landscape.
Increase in military budget in various regions and upgradation of current devices in defense sector are the driving factors which are expected to propel the global night vision devices market growth. Furthermore, raise in usage of night vision devices for tracking suspicious and vehicles will have the positive impact on market growth. Moreover, increase in adoption of these devices in commercial vehicles and luxury cars are expected to boost the market growth in near future. Also, continuous technological advancements will drive market growth.
However, high price of night vision devices due to use of third generation technology is the major restraining factor which is expected to hamper the global night vision devices market growth.
Market Key Players
Various key players are discussed in this report such as Thales group, SATIR, Elbit Systems Ltd., American Technologies Network Corp., Harris Group Inc., L3 Technologies, Inc., Bharat Electronics Limited, Collins Aerospace, BAE Systems Plc, and FLIR Systems, Inc.
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- Night Vision Camera
- Night Vision Goggle
- Night Vision Scope
- Thermal Imaging
- Infrared illumination
- Image Intensifier
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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