The Global Night Vision Device Market is projected to reach a value of over USD 12.0 billion by 2027 at a CAGR of around 7.4%.
Night vision is a technology that provides some vision in darkness and improvised vision in low-light environments. This technology is mainly designed for warfare purposes in which highly advanced light-sensitive cameras are used to produce clear visible images at night where the naked eye can not see. Cameras, goggles, scopes, and binoculars are a few types of night vision devices that help individuals to get an almost clear view at night. Night vision devices are mainly used in Military & defense, wildlife observation, security & surveillance, hidden object detection, and navigation among others.
Market Driver:
Currently, the demand for military & defense equipment is increasing as the government of every leading country is focusing on military modernization due to increasing global security issues. The worldwide complexity of the security environment is likely to boost global defense spending over the next seven years. Increasing global military & defense spending will create opportunities for defense contractors and their supply chain management. Increasing terrorism, demand for border security control, and increasing homeland security directly boost the market of military & defense which drive the night vision device market during the forecast period.
Market Restraints:
According to FLIR Systems, second-generation night vision devices displays a clean and bright image with a standard resolution, while providing a range of ~200 yards which depends on the model. This device is commonly used for professional use such as law enforcement. The life expectancy of second-generation devices is about 5,000 hours of use. In the current scenario, third-generation night-vision devices provide a cleaner and brighter image, high resolution, good low-light performance, and high durability than second-generation night vision technology devices. The range of the third generation devices is 300+ yards which are more than second-generation night vision devices and the life expectancy of third-generation devices is 10000+ hours which is more than second-generation night vision technology devices. Hence these devices are more expensive than the second-generation device which is expected to hamper the growth of the market during the forecast period.
The report on the night vision device market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Technology, Product, and Application |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Night Vision Device Market, by Technology
Night Vision Device Market, by Product
Night Vision Device Market, by Application
Night Vision Device Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE NIGHT VISION DEVICE MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
