26-Nov-2019: The global night vision
device market size is expected to reach USD 10.05 billion
by 2025, according to a new report by Grand View Research, Inc. It is projected
to register a CAGR of 8.1% during the forecast period. Increasing popularity of
night vision devices for civil applications such as construction sites,
camping, firefighting, and monitoring has notably benefitted the market in the
past few years. In addition, increased use of advanced technologies such as
imaging intensifier and thermal imaging in security and surveillance devices
has stimulated the market growth in commercial sector.
Night vision
devices are extensively used by military and paramilitary forces to locate
enemy targets during night operations. In the civil sector, night vision device
are often used by police forces and surveillance bodies. Also, large
enterprises are increasingly installing mounted cameras enabled with night
vision features to monitor their facilities.
From the national
security point of view, activities such as border infiltration, breach of
security, and illegal border trade have increased due to an alarming rise in
terrorism across the globe. In such scenarios, night vision devices can help
law enforcement personnel in detecting camouflaged humans in darkness, haze, or
smoke. As a result, the adoption of night vision devices such as scopes and
goggles is rising across the security forces.
Demand for night
vision devices is expected to be on the rise over the over the forecast period
owing to high usage by the defense forces. High-tech night vision devices
result in great accuracy during combat and rescue missions. In addition, a high
number of robberies occur during nights as compared to daytime. For instance,
in U.S., the rate of robberies occurring at night has doubled in the past ten
years. Therefore, law enforcement authorities have to be well equipped with spy
gear to address a casualty at any moment, necessitating the use of night vision
devices.
In
depth research report on Night Vision Device Market
Further key findings from the report suggest:
·
In terms of type, the goggles segment is expected to expand
at the highest CAGR of 9.2% over the forecast period owing to the increasing
trend of night photography
·
In terms of technology, the image intensifier technology
segment is expected to lead the market over the forecast period owing to the
increasing use of the technology in diagnostics systems in the healthcare
sector for providing better visibility
·
The wildlife spotting application segment is projected to
register the highest CAGR over the next six years as these devices help detect
animal activity sometimes nearly invisible to the naked eye
·
In Asia Pacific, the constant technology upgrades, as well as
a notable increase in the use of military night vision devices in anti-tank
missile guidance systems, will boost the market growth
·
Manufacturers emphasis on integrating night vision devices
with Infrared solid-state imaging sensors is expected to be a major driver for
market growth in near future
·
Some of the key players operating in the night vision device
market includes American Technologies Network Corporation; Harris Corporation;
FLIR Systems, Inc.; Raytheon Company; Yukon Advanced Optics Worldwide;
Bushnell; Firefield; Apresys, Inc.; Luna Optics; and L3 Technologies, Inc.
Grand View Research
has segmented the global night vision device market based on type, technology,
application, and region:
Night Vision Device Type Outlook (Revenue, USD Million, 2014
- 2025)
·
Camera
·
Goggles
·
Scope
·
Others
Night Vision Device Technology Outlook (Revenue, USD Million,
2014 - 2025)
·
Image Intensifier
·
Thermal Imaging
·
Others
Night Vision Device Application Outlook (Revenue, USD
Million, 2014 - 2025)
·
Defense
·
Wildlife Spotting
·
Wildlife Conservation
·
Surveillance
·
Navigation
·
Others
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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