The Worldwide Night Vision Device Industry is Expected to Reach $13.7 Billion by 2026

DUBLIN, March 8, 2022 /PRNewswire/ -- The "Worldwide Night Vision Device Industry" report has been added to ResearchAndMarkets.com's offering.

The Global Night Vision Device Market is estimated to be USD 8.25 Bn in 2021 and is expected to reach USD 13.71 Bn by 2026, growing at a CAGR of 10.70%.

The growing quality of the devices among nature enthusiasts and life researchers may propel the demand. Moreover, the affordable value and technical practicability of providing troopers with sight devices capable of manufacturing color pictures square measure expected to drive the market growth. Law Enforcement authorities use night eyeglasses to conduct activity and confirm the mission readiness of the defense personnel. The rise in terrorist attacks, political tension over boundaries, and security safety light-emitting diode huge demand for NVDs across the military and defense business.

Technological innovations like enhancements within the parts employed insight devices contribute to nighttime vision device market development. Stringent government norms on market competition's product usage intensity represent an utmost challenge for key players. Prices for producing night vision products have limited the assembly capability, and thus these devices square measure created on the market solely to the military forces.

Drone enabled with night vision cameras on people who don't seem to be wearing masks in public places and not maintaining social distancing. Some factors that restrain the market are high manufacturing costs such as night vision optics and expensive third-generation technology. The high costs of NVDs include night vision devices is limiting their uptake. Therefore, devices are used only for military purposes. Some makers are compelled to stay the costs square measure as a result of bound political problems. These may cut down the adoption of NVDs like eyeglasses and scopes within the market.

Market Segmentation

• The Global Night Vision Device Market is segmented further based on Device, Technology, application and Geography.
• By Device Type, the market is classified as night vision camera, night vision goggles, night vision scope and night glasses.
• By Technology Type, the market is classified as thermal Imaging, Image intensifier and Infrared illumination.
• By Application, the market is classified as Military, Surveillance, Security, Hunting, Navigation, Hidden objects detection, Paranormal research, Others.
• By Geography, America is projected to lead the market.

Company Profiles

Some of the companies covered in this report are Flir Systems, Exelis Inc., L3 Technologies, American technologies Network corp., Elbit Systems, Rockwell Collins Inc., Bae systems Plc., Leonardo S.p.A, Thales group, Night vision devices, N-Vision Optics, Safran Vectronix AG, Adams Industries Inc., Excelitas Technologies Corp, Opgal Optronic industries Ltd, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Night Vision Device Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using a Competitive Quadrant, the analyst's proprietary competitive positioning tool.

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Influencers
4.1 Drivers
4.1.1 Reasonable Cost and Technical Feasibility
4.1.2 Demand Among Nature Enthusiast and Wildlife Researchers
4.1.3 Law Enforcement Authorities Use Night Goggles
4.1.4 Rising Military and Defense Expenditure
4.2 Restraints
4.2.1 Stringent Norms and Regulation
4.2.2 Significant Costs of Manufacturing and Limit the Production
4.2.3 High Cost Associated with Night Vision Device
4.3 Opportunities
4.3.1 Technological Innovation in the Components
4.3.2 Adoption of Advanced NVDS to Create Growth Opportunities
4.4 Challenges
4.4.1 High Cost of NVDS
4.4.2 Manufacturers are Compelled to Keep Prices High

5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis

6 Global Night Vision Device Market, By Device Type
6.1 Introduction
6.2 Night vision camera
6.3 Night vision scope
6.3.1 Rifle Scopes
6.3.2 Handheld Scopes
6.4 Night vision goggle
6.5 Night vision glasses
6.6 Binocular and Monocular

7 Global Night Vision Device Market, By Technology Type
7.1 Introduction
7.2 Thermal Imaging
7.3 Image Intensifier
7.4 Infrared Illumination

8 Global Night Vision Device Market, By Application Type
8.1 Introduction
8.2 Military
8.3 Surveillance
8.4 Security
8.5 Hunting
8.6 Navigation
8.7 Hidden objects detection
8.8 Paranormal research
8.9 Others

9 Global Night Vision Device Market, By Geography

10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements

11 Company Profiles
11.1 Flir Systems
11.2 Exelis Inc.
11.3 L3 Technologies
11.4 American technologies Network corp.
11.5 Elbit Systems
11.6 Rockwell Collins Inc.
11.7 Bae systems Plc.
11.8 Leonardo S.p.A
11.9 Thales group
11.10 Night vision devices
11.11 N-Vision Optics
11.12 Safran Vectronix AG
11.13 Adams Industries Inc.
11.14 Excelitas Technologies Corp
11.15 Opgal Optronic industries Ltd.
11.16 Dali Technology
11.17 Thermoteknix Systems Ltd.
11.18 Omnivision
11.19 Harris Corporation
11.20 ATN
11.21 Meopta U.S.A Inc.
11.22 Sofradir-EC
11.23 Newcon Optikamong
11.24 ASELSAN AS
11.25 Raytheon Co.
11.26 Vista outdoor Inc.

12 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/qd39tq

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