Night Vision Devices Market 2019-2028
New Market Study, Report “Night Vision Devices Market 2019 Global Industry Demand, Opportunities, Growth Drivers, Challenges, Strategies and Forecasts 2028” Has been Added on WiseGuyReports.com.
2013-2028 Report on Global Night Vision Devices Market
This report provides in depth study of “Night Vision Devices Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Night Vision Devices Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The level of threat to the global peace has increased manifold in last few years. People are living under constant fear of attack by criminals, burglars and terrorists. Most of the attacks or crimes happen in the night leaving the victims shocked and shaken and allowing the culprits go scot free taking the cover of night. The governments around the world are taking steps to strengthen the police and military by providing them Night Vision Devices so that they can fight criminals and terrorists effectively. The Night Vision Devices help the human eyes to see beyond the range of electromagnetic spectrum making objects visible during nighttime. The growing menace of crime combined with terrorism helping the rapid growth of global Night Vision Devices market.
Every living being on earth emits some heat all the time including night in the form of infrared light. The Night Vision Devices capture these infrared rays using thermal imaging technology making the objects visible. This is the basic technology used in Night Vision Devices. Over a period, scientists have developed devices, which can even show non-heated bodies in the night. The technology is not just used in military it is also being used in surveillance devices, patrolling vehicles, wild life photography and spotting and movie making cameras.
The global market of Night Vision Devices was pegged at around USD $6 billion in the year 2018 and it is expected to reach around USD $14 billion by the year 2028 at a CAGR of around 6% during the period of forecast. The main growth will come from military and surveillance since these are the areas where highest procurement of Night Vision Devices is happening. Some of the major players in the market are Yukon Advanced Optics Worldwide, Bushnell, Firefield, Apresys, Inc., American Technologies Network Corporation, Harris Corporation, FLIR Systems, Inc., Raytheon Company, Luna Optics, and L3 Technologies, Inc.
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Important key players Analysis like FLIR, Harris, L3 Technologies, Thales, BAE Systems, Elbit Systems, SAT Infrared, ITL, Meprolight, ATN, Optix, Meopta, Thermoteknix, Schmidt & Bender, Newcon Optik, Nivisys and more
The global Night Vision Devices market is divided into following segments:
Segmentation by Type of Device: Goggles, Camera, Scope and Others.
Segmentation by Technology: Image Intensifier, Thermal Imaging and others.
Segmentation by Application: Defense, Navigation, Wildlife Conservation, Surveillance, Wildlife Spotting and others.
The main growth of Night Vision Devices market heavily depends on defense expenditure of countries around the world. And going by the trends, it seems the expenditures are only going to increase exponentially in the coming years augmenting the growth of the market.
The regions considered for the analysis of global Aircraft Engine Fuel Systems market are as follows:
Europe (Germany, France, UK, Russia and Italy), North America (United States, Canada and Mexico), South America (Brazil, Argentina, Colombia etc.), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Since USA has the largest fleet of army, air force and navy, the North American region has always been in the forefront in procurement of Night Vision Devices. It was valued around USD $4 billion in 2018 and it is expected take even higher share in the coming years followed by Asia-Pacific region.
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The US Army signed a contract of $97 million to procure new thermal night vision goggles and weapon sights in March 2018.
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