The Night Vision Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Night Vision Devices Global Market Report 2024, The night vision devices market size has grown strongly in recent years. It will grow from $8.02 billion in 2023 to $8.8 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to adoption in recreational and outdoor activities, innovations in image quality, cost reduction and commercialization, development of compact devices, rise in law enforcement usage..
The night vision devices market size is expected to see strong growth in the next few years. It will grow to $12.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to integration of ai and machine learning, shift towards energy-efficient solutions, focus on lightweight and ergonomic designs, increasing demand for digital night vision, enhancements in range and detection capabilities.. Major trends in the forecast period include miniaturization and portability, advancements in image quality, integration of thermal imaging, enhanced connectivity features, rise in digital night vision..
Rising military and defense sectors are expected to propel the growth of the night vision devices market going forward. The military sector encompasses organizations and activities related to the armed forces and national defense, while the defense sector specifically refers to industries and companies involved in producing military equipment and technology. Night vision devices in the military and defense sectors enhance nighttime visibility, aiding in covert operations, surveillance, and target acquisition while ensuring operational effectiveness in low-light conditions. For instance, in April 2023, according to the Stockholm International Peace Research Institute, a Sweden-based independent international institute dedicated to research into conflict, armaments, arms control, and disarmament, total global military expenditure increased by 3.7% in real terms in 2022 to a record high of $2,240 billion. In 2022, Russian military spending is projected to increase by 9.2%, or $86.4 billion. Moreover, the overall military expenditure in Asia and Oceania was $575 billion, an increase of 2.7% compared to 2021. Therefore, the rising military and defense sectors will drive the growth of the night vision devices market.
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The night vision devices market covered in this report is segmented –
1) By Device: Goggles, Monocular And Binoculars, Camera, Glasses, Scopes, Other Devices
2) By Technology: Thermal Imaging, Image Intensifier, Infrared Illumination, Other Technologies
3) By Application: Military And Defense, Wildlife Spotting And Conservation, Surveillance, Targeting, Navigation, Other Applications
Major companies operating in the night vision device market are focused on developing true-color night vision devices, such as KAWA T6 security cameras to gain a competitive edge in the market. KAWA T6 are true-color night vision Security camera devices that can capture and display full-color imagery in low-light or nighttime conditions without additional illumination sources. For instance, in June 2023, KAWA Electronics Company Limited, a China-based smart technology and electronic audio and video manufacturing company providing night vision devices, launched the KAWA T6 and KAWA T6 Pro security cameras that offer innovative features, including true full-color night vision. The camera's performance is improved by adding a 1/1.79'' stacked CMOS (complementary metal oxide semiconductor) sensor, which enables them to record outstanding 4MP super HD resolution images with incredible clarity. The KAWA T6 and T6 Pro boast AI (artificial intelligence) technology that can detect motion and which human is moving, making them more accurate and reliable.
The night vision devices market report table of contents includes:
1. Executive Summary
2.Night Vision Devices Market Characteristics
3.Night Vision Devices Market Trends And Strategies
4.Night Vision Devices Market analysis
5.Night Vision Devices Market Size And Growth
6.Night Vision Devices Segmentation
7.Night Vision Devices Regional And Country Analysis
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27.Night Vision Devices Competitive Landscape And Company Profiles
28.Night Vision Devices Key Mergers And Acquisitions
29.Night Vision Devices Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- RTX Corporation
- BAE Systems PLC
- Sharp Corporation
- Safran Vectronix AG
- Thales Group SA
- Leonardo S.p.A.
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The global Night Vision Goggles Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the night-vision goggles market include Pyser-Sgi Ltd, Optix LTD., ATN Corporation, Nivisys, Tata Advanced Systems Limited, Newcon Optik, General Starlight Co, Inc., Starlight NV Ltd, Dipol Ltd., and Harris Corporation.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Night Vision Goggles Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/night-vision-goggles-market/download-sampleMarket DynamicsDemand for night-vision goggles is majorly driven by increasing surveillance, navigation, rescue, and combat activities applications.
Night-vision goggles have been popular due to reasonable cost, and technical feasibility capable of producing color images.
The rising adoption of modern technology for homeland security and increased investment by the government on the devices to fulfill patrolling and combat operations stimulated demand for more night vision goggles.
Night Vision Filters Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the night vision filters market include Hoya, Global Precision Optics, Kopp Glass, Oxley, Aviation Specialties Unlimited, Sterling Precision Optics, Consolite Technology, Brinell Vision, Artemis.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Night Vision Filters Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/night-vision-filters-market/download-sampleMarket DynamicsThe global night vision filters market is forecasted to grow healthy during the forecast period.
Night vision filters improve a vehicle driver's perception and seeing distance in darkness or poor weather.
Night vision filters offer absolute performance and enabling maximum near-infrared light throughput while reducing the visible light.
