Global NIGHT VISION DEVICE Market: Key Highlights
In every night vision device, electrons and photons are detected and amplified using various components works in synchronous behavior such as the human eye.
Global Night Vision Device Market: Key Market Dynamics
Global Night Vision Device Market: Regional Overview
North America is expected to hold the largest market share during the forecast period due to the early adoption of new technologies, and government initiatives regarding the defense industry. The US is expected to dominate the market in the night vision device market by technologically and numerically. The presence of a large number of vendors such as FLIR Systems, Raytheon Company, and ATN Corp. is also fueling the market growth in North America. US foreign military sales (FMS) is expected to boost the export opportunities for defense contractors in the US. The US is also increasing its investment in research and development of defense accessories and material and hence North America is expected to dominate the night vision devices market during the forecast period.
Asia-Pacific is anticipated to grow at a faster rate during the forecast period. Asia-Pacific region is expected to hold a one-third part of active-dutyy military personnel. Increasing terrorism, terrorist attacks, government initiatives regarding homeland security and defense are expected to boost the night vision devices market in the Asia-Pacific region. China, India, Singapore, and South Korea are concentrating on expanding defense budget for increasing homeland security, border security and control operations, and many other security-related applications.
Global Night Vision Device Market: Key Players Overview
FLIR Systems develops, designs, manufactures and distributes various technologies that enhance awareness and perception. The company offers a diversified portfolio that serves a number of applications in industrial, and commercial applications, and government & defense. The company provides night vision goggles, binoculars, and monoculars for various military & defense applications. In September 2019, FLIR Systems partnered with SIG SAUER academy to support law enforcement and military professionals to enhance their safety and capabilities with night vision and thermal imagining equipment for critical situations.
BAE Systems engages in the provision of products and services for land, air, and naval forces, security, information technology solutions & support services, and advanced electronics. The company operates through five electronic systems, cyber and intelligence, platforms and services, air, and maritime. In 2018, BAE Systems partnered with US Army to provide night vision goggles and thermal weapon sights worth of USD 97 million. This partnership enables soldiers to rapidly and covertly captures the targets in all lighting and weather conditions. Moreover, these goggles allow soldiers to quickly detect and engage targets for a tactical edge.
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