Report Ocean published the latest research report on the Night Vision Device market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Night Vision Device market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.
The night vision device market size is expected to reach USD 11.21 billion by 2027.
Night Vision Device Market Report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
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The Night Vision Device market size was US$ $$ billion in 2021, and the global market size is forecast to reach US$ $$ billion by 2030, growing at a compound annual growth rate (CAGR) of $$% during the forecast period from 2022 to 2030.
Night vision devices enable the market users to see through dark or low-intensity light. These devices are also named night optical/observation devices which is the optical instrument and pose-ability of creating images in levels of light in the darkness.
COVID-19 Impact
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the night vision device market also experienced a slowdown. Statista estimates that the night vision device market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the night vision device market generated revenues of US$ 5.4 trillion at a record high.
The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the night vision device market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies. \
These devices are most commonly used in military and law enforcement personals. The equipment such as scopes, goggles, and binoculars assist a soldier during the dark. There are various components present like photocathode, image intensifier, front lens, image intensifier. Image intensifier tubes can amplify low-level images formed by weak emissions.
At present, due to COVID-19, governments are compelled to use advanced NVDs around the globe. Some of the measures taken by the government include the development of stringent surveillance mechanisms to point the spread of corona. Also, different companies are seen to reform their continuity models by investing in improved models. For instance, to detect the local gatherings, drones integrated night vision cameras have become a great aid to the police. Also, these devices can detect individuals without masks in public areas.
The major factor driving the market growth in adoption of these devices integrated with Near-infrared Imaging technology for the purpose of safety, security, and surveillance applications. These devices are highly adopted owing to the ability to detect and track motions that take place under the cloak of darkness.
Furthermore, technological innovations like enhancements in the components which are used in night vision devices have highly contributed to the development of the NVDs market development. For example, the integration of goggles with weapon location devices lets the military personnel point the target with high accuracy. These advanced products are widely available and drive market growth. Also, lightweight night vision devices gain traction in the market, for instance, lightweight binocular devices have excellent optical performance.
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Major Players:
Some of the key market players which play an important part in the global market include American Technologies Network Corporation; Raytheon Company; Harris Corporation; FLIR Systems, Inc.; Yukon Advanced Optics Worldwide; Apresys, Inc., Luna Optics; Bushnell; Firefield; and L3 Technologies, Inc.
Similarly, BAE Systems has unveiled a new night vision and thermal imaging headset. The latest goggle, which is mounted on a rifle, uses Bluetooth to stream a live video feed from the thermal weapon scope. This headset would improve the soldier’s ability to acquire and engage targets by combining night vision and thermal imaging capabilities into one display on the goggle.
Night Vision Device, Device Type Outlook
Goggles
Cameras
Scopes
Glasses
Binoculars and Monocular
Others
Night Vision Device, Technology Outlook
Image Intensifier
Thermal Imaging
Others
Night Vision Device, End-Use Outlook
Defense
Wildlife Spotting
Wildlife Conservation
Surveillance
Navigation
Others
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Night Vision Device, Regional Outlook
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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