Global Night Vision Device Market was valued at USD 5.78 billion in 2018 which is expected to reach USD USD16.32 billion by 2027 at a CAGR 8.2%.
Night vision devices are also referred as night optical/observation device. It is type of optical instrument that produces image in levels of light in darkness. Mainly these devices are classified into three types such as Night Vision Camera, Night Vision Goggle, and Night Vision Scope.
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Increase in military budget in various regions and upgradation of current devices in defense sector are the driving factors which are expected to propel the global night vision devices market growth. Furthermore, raise in usage of night vision devices for tracking suspicious and vehicles will have the positive impact on market growth. Moreover, increase in adoption of these devices in commercial vehicles and luxury cars are expected to boost the market growth in near future. Also, continuous technological advancements will drive market growth.
However, high price of night vision devices due to use of third generation technology is the major restraining factor which is expected to hamper the global night vision devices market growth.
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Global Night Vision Device Market is segmented into device such as Night Vision Camera, Night Vision Goggle, and Night Vision Scope, by technology such as Thermal Imaging, Infrared illumination, and Image Intensifier. Further, market is segmented into application such as Military, Surveillance, Hunting, Security, Navigation, and Others.
Also, Global Night Vision Device Market is diversified into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Thales group, SATIR, Elbit Systems Ltd., American Technologies Network Corp., Harris Group Inc., L3 Technologies, Inc., Bharat Electronics Limited, Collins Aerospace, BAE Systems Plc, and FLIR Systems, Inc.
Qualiket Research follows a comprehensive research methodology focusing on offering the precise market analysis. The regional analysis is also covered in the report, and detailed analyses are provided for the market’s segment in each major region. Qualiket Research provides advanced analytical solutions as well as providing information enriched research studies which include primary as well as secondary research studies. Region specific strategies and product formulations can be based on this detailed analysis, as the factors making the market tick in specific regions are examined in the report, leading to a comprehensive understanding of the overall market. Qualiket Research partners with clients to offer insights into strategic & growth analytics which helps to achieve business goals and targets.
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