Global Night Vision Devices Market Analysis Report

The global night vision devices market is one of the fastest-growing markets and is estimated to record a CAGR around 7.0% during 2019-2024.

The night vision devices like goggles find several uses in the military sector, like navigation, rescue, surveillance, and combat activities. Usage of night goggles by law enforcement authorities to conduct training activities and to ensure mission readiness of the defense personnel and a suitable set of the night-vision device which can allow clear visibility of over 150-200 yards on a moonless cloudy night are the factors that are supposed to drive the product demand over the forecast period.

Recent developments

• Raytheon is planning to base a new missile and defense division in Tucson after United Technologies merged.
• FLIR Systems has announced that the United States Air Force has ordered more than 180 of the company’s Centaur unmanned ground vehicles, plus spares.

Market drivers and restraints

The growing popularity of the devices among nature enthusiasts and wildlife researchers and the reasonable cost and technical feasibility of providing the soldiers with night vision devices that are capable of producing color images are driving the target market growth.

Also, technological innovations like improvements in the components used in night vision devices are contributing to the night vision device market development. The increasing availability of advanced weapons with the integration of technology that can locate devices or any other requirements coupled with the demand for lightweight night vision devices are also likely to drive the growth of this market during the forecast.

But the stringent norms and regulations set by governments on the product usage of various nations and the intense market competition are the major challenges that are hampering the target market. Also, the high costs of manufacturing, limits of the production capacity, and the availability of these weapons getting restricted to regular consumers are hindering the market.

Increased investments by the government in R&D of night vision technology like the U.S. military have come into MoU with BAE Systems for the development of technology in night vision devices are about to create opportunities for the market growth in future.

To view full report, https://www.marketdataforecast.com/market-reports/night-vision-devices-market

Report Segmented as

Night Vision Device Type Outlook (Revenue, USD Million, 2014 - 2025)

• Camera
• Goggles
• Scope
• Others

Night Vision Device Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Imaging Intensifier
• Thermal Imaging
• Others

Night Vision Device Application Outlook (Revenue, USD Million, 2014 - 2025)

• Defense
• Wildlife Spotting
• Wildlife Conservation
• Surveillance
• Navigation
• Others

Geographical Analysis

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

In the regional analysis of the global night vision devices market, North America led the major share owing to the extensive usage of products in the U.S. Army and intensive R&D activities undertaken for devising advanced devices contribute to the promising development of the regional market.

Key market players

• American Technologies Network Corporation
• Harris Corporation
• FLIR Systems, Inc.
• Raytheon Company
• Yukon Advanced Optics Worldwide
• Bushnell
• Firefield
• Apresys, Inc.
• Luna Optics
• L3 Technologies, Inc.

Request sample report from the following link, https://www.marketdataforecast.com/market-reports/night-vision-devices-market/request-sample

We are one of the leading companies in the research industry with expertise research analysts. A specialty from our side is providing accurate values and data according to the current situations.