Night Vision Device Trends and Forecast
The future of the global night vision device market looks promising with opportunities in the border surveillance, engineering, fire and rescue, law enforcement, maritime & coastal surveillance, medical, and security markets. The global night vision device market is expected to reach an estimated $13.9 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are increasing investments in the military and law enforcement forces, growing awareness towards the benefits of night vision devices, and rising use of night vision devices in commercial applications.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Night Vision Devices by Segment
The study includes a forecast for the global night vision devices by product type, technology, application, and region.Night Vision Device Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Binoculars and Monocular
- Cameras
- Glasses
- Goggles
- Scopes
- Others
Night Vision Device Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
- Image Intensifier
- Thermal Imaging
- Others
Night Vision Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Border Surveillance
- Engineering
- Fire And Rescue
- Law Enforcement
- Maritime & Coastal Surveillance
- Medical
- Security
- Others
Night Vision Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Night Vision Devices Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies night vision devices companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the night vision devices companies profiled in this report include-- BAE System
- Leonardo S.p.A.
- Thales
- Elbit Systems Of America
- Adams Industries
Night Vision Device Market Insights
The publisher forecasts that goggles will remain the largest segment over the forecast period as it can be used in a variety of locations and conditions and can be mounted on helmets or worn on the head.Within this market, border surveillance is expected to remain the largest segment due to the increasing need for border security agencies to monitor borders and detect illegal crossings at night.
North America will remain the largest region during the forecast period due to the high demand for night vision devices from the US military and law enforcement agencies.
Features of the Global Night Vision Device Market
- Market Size Estimates: Night version devices market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Night version devices market size by product type, technology, application, and region in terms of value ($B).
- Regional Analysis: Night version devices market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product types, technologies, applications, and regions for the night vision device market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the night vision device market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the night vision device market size?Answer: The global night vision device market is expected to reach an estimated $13.9 billion by 2030.
Q.2 What is the growth forecast for night vision device market?
Answer: The global night vision device market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the night vision device market?
Answer: The major drivers for this market are increasing investments in the military and law enforcement forces, growing awareness towards the benefits of night vision devices, and rising use of night vision devices in commercial applications.
Q4. What are the major segments for night vision device market?
Answer: The future of the night vision device market looks promising with opportunities in the border surveillance, engineering, fire and rescue, law enforcement, maritime & coastal surveillance, medical, and security markets.
Q5. Who are the key night vision device market companies?
Answer: Some of the key night vision devices companies are as follows:
- BAE System
- Leonardo S.p.A.
- Thales
- Elbit Systems Of America
- Adams Industries
Answer: The publisher forecasts that goggles will remain the largest segment over the forecast period as it can be used in a variety of locations and conditions and can be mounted on helmets or worn on the head.
Q7. In night vision device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region during the forecast period due to the high demand for night vision devices from the US military and law enforcement agencies.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the night vision device market by product type (binoculars and monocular, cameras, glasses, goggles, scopes, and others), technology (image intensifier, thermal imaging, and others), application (border surveillance, engineering, fire and rescue, law enforcement, maritime & coastal surveillance, medical, security, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Night Vision Device Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- BAE System
- Leonardo S.p.A.
- Thales
- Elbit Systems Of America
- Adams Industries
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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