Night Vision Device Market Size, Share, Report, Analysis, Trends & Forecast to 2022

According to Stratistics MRC, the Global Night Vision Device market is expected to grow from $6.74 billion in 2016 to reach $12.24 billion by 2022 with a CAGR of 10.4%.

Growing concern for nation security, cheaper devices when compared to thermal imaging devices and raising adoption of night vision device from military & defense sectors are the major factors fuelling the market growth. Furthermore, recent technological developments of night vision devices are another factor bolstering the market. On the other hand, high manufacturing cost is hindering the market growth.

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Amongst devices, Night vision goggle segment acquired the largest market share during the forecast period. The growth is due to the increasing adoption from military & defense segments. North America leads the night vision devices market during the forecast period. On the other hand, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to increasing developing countries nation security budgets.

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Some of the key players in global night vision device market include American Technologies Network Corp., Armasight, BAE Systems, Elbit Systems, Exelis Inc., Flir Systems, Hoffman Engineering Corporation, Intevac Inc., L3 Communication, Newcon Optik, Optix Co., Proxivision Gmbh, Rockwell Collins, Inc., Sofradir EC, and Thales Group S.A.

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Devices Covered:
• Night vision scope
• Night vision goggle
• Night vision camera
• Other Devices

Components Covered:
• Eyepiece
• Front Lens
• High Voltage Power Supply
• Image Intensifier Tubes
• Micro Channel Plate
• Phosphor Screen
• Photo Cathode
• Other Components

Technologies Covered:
• Infrared illumination
• Thermal imaging
• Image intensifier

Applications Covered:
• Hidden objects detection
• Navigation
• Military
• Hunting
• Paranormal research
• Security
• Surveillance
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 6 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 207042