As per the research report, the Night Vision Devices Market is a fast-growing market that is majorly driven by the number of advantages that’s are being offered by the night vision devices. The Night vision devices market is anticipated to grow at a CAGR of about 7.0% during the forecast period of 2021 - 2026.
Night Vision Devices are the optoelectronic devices that enable the ability to see in dark or in low-intensity lights. The technology used is to detect the low-intensity lights like ultraviolet, infrared, X-rays and gamma rays, and amplifying them to provide a clear image in the dark. The devices are used prominently in the military and defense sectors. Different components such as image intensifier tubes, photocathode, lens, and many more are used in the Night Vision Devices.
The major factors driving the growth of the Night Vision Devices market are the advantages offered by the devices, along with the availability of a large number of products. Moreover, new technological developments and advancements offer improved performance, improvised designs, and lower costs, which have further enhanced the growth prospects of the global night vision devices market. Apart from this, increased defense spending and security concerns are the other factors that are facilitating the market growth.
Although there is a number of advantages of the products, the global night vision devices market also faces some challenges. The expensive devices, coupled with their limitations, are the major hindrances for these devices among the consumers. Strict government rules and regulations for the usage and exports of these devices further hinder market growth. Intense competition is one of the major challenges faced by the market.
Increased investments by government in R&D of night vision technology like, the U.S. military has come into MoU with BAE Systems for development of this technology in night vision devices, which is about to create opportunities for the global night vision devices market growth.
Market Size Available
2018 – 2024
2019 - 2024
By Type, Technology, Application & Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
ABB Ltd, Siemens AG, Schneider Electric SE, Siemens AG, Harris Corporation, L3 Technologies, Flir Systems, Kuka AG, Emerson Electronic Co, Fanuc Corporation, and American Technologies Network Corp
This research report includes the segmentation of the Night Vision Devices Market with an updated forecast report until 2024.
Night Vision Devices Market - By Type
Based on Type, the scope segment has accounted for a larger share over others. The growth of this segment is attributed to their better performances over goggles. And these scopes are mostly utilized as the weapon sights despite that they are heavy and larger than glasses. Moreover, usage of these devices for navigation as well as scouting purposes, are fuelling the growth of this segment.
Because of their versatility during night operations, goggles are mostly used in the defense sector. And the Automotive manufacturers are also using these devices by integrating to their vehicles for Advanced Driver Assistance Systems(ADAS). Therefore, the goggles segment is also estimated to grow significantly during the projection period.
Night Vision Devices Market - By Application
Based on Application, the defense segment is anticipated to grow in a significant way by 2025, owing to the notable rise in military activities at nights and during conditions with poor visibility. The increasing military spending around the world also fuels the development of this sec-tor.
Night Vision Devices Market - By Technology
Based on Technology, thermal imaging is estimated to acquire a significant share of the market revenue attributing to the wide range of usability that this technology offers. Thermal imaging is followed by the imaging intensifier segment and is expected to record a high CAGR during the forecast period.
Night Vision Devices Market - By Region
The Night Vision Devices Market Report includes the segmentation of Regions with their respective Countries.
North America Night Vision Devices Market includes U.S, Canada
Europe Night Vision Devices Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe
Asia Pacific Night Vision Devices Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC
Latin America Night Vision Devices Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM
Middle East & Africa Night Vision Devices Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA
Based on the geography, North America is leading the global Night Vision Devices market both in terms of value and volume. The situation of manufacturing centers of significant market leaders is the leading cause of North America’s dominance over the night vision devices market. The high potential in the Asia Pacific region for future opportunities caused due to fast industrialization, growing security concerns, and increased demand for military equipment mainly in countries like India, Japan, and China.
Global Night Vision Devices Market Key Market Players Profiled as per the research report are:
ABB Ltd, Siemens AG, Schneider Electric SE, Siemens AG, Harris Corporation, L3 Technologies, Flir Systems, Kuka AG, Emerson Electronic Co, Fanuc Corporation, and American Technologies Network Corp. are the leading shareholders of the Night Vision Devices Market.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2.2 Thermal Imaging
5.2.3 Image Intensifiers
5.2.4 Infrared Illumination
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3.6 Other Applications
5.3.7 Y-o-Y Growth Analysis, By Application
5.3.8 Market Attractiveness Analysis, By Application
5.3.9 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By Technology
184.108.40.206 By Application
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Technology
126.96.36.199 By Application
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Technology
18.104.22.168 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 ABB Ltd.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Siemens AG
8.3 Harris Corporation
8.5 Flir Sysytems
8.6 Kuka AG
8.7 Emerson Electronic Co
8.8 Fanuc Corporation
8.9 Schneider Electric SE
8.10 American Technologies Network Corp.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures