Night Vision Device Market is expected to grow at a CAGR of 17.11%
According to TechSci Research report, “Night Vision Device Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the
Global Night Vision Device Market is expected to register robust growth during the
forecast period. With the rapid advancement of thermal imaging and infrared
technologies, optics manufacturers continue to enhance their products to
compete in high-demand areas, such as night vision devices. Wearable night
vision equipment, such as enhanced night vision goggles (ENVG), which
incorporate thermal imaging into their design, continue to increase as
technology advances rapidly. Helmet-mounted goggles, cameras, and other thermal
devices have been at the forefront of the market. Still, night vision goggles
are expected to be the application to watch as the market develops.
Companies like BAE Systems PLC and
L3Harris Communication, among others, are a few companies having a contract
from the US Army and are developing night vision devices to gain increased
revenue. However, as these devices are subjected to costly maintenance, it is
restricting the market growth to an extent.
The Global
Night Vision Device (NVD) market is driven by several key factors. Firstly, the
ongoing modernization efforts by military and defense agencies worldwide fuel
demand for advanced NVDs to enhance situational awareness and operational
effectiveness in low-light or no-light environments. Additionally, the
persistent threat of terrorism necessitates sophisticated NVDs for
counter-terrorism operations, driving procurement by law enforcement and
security forces. Border surveillance and security concerns further contribute
to market growth as governments invest in advanced NVDs to monitor and secure
borders against illegal activities. Technological advancements play a crucial
role, with continuous improvements in sensor technology and image processing enhancing
the performance and reliability of NVDs. Moreover, increasing awareness of the
benefits and diverse applications of NVDs across commercial sectors such as
wildlife observation, search and rescue, and outdoor recreation fuels market
expansion. Geopolitical tensions and regional conflicts drive procurement by
defense forces, further boosting market demand. Cost reductions resulting from
economies of scale and competition among manufacturers make NVDs more
accessible, driving adoption across various end-user segments. Collectively,
these factors indicate a promising outlook for the Global Night Vision Device
market, with sustained growth expected in the foreseeable future.
Browse over XX market data Figures
spread through XX Pages and an in-depth TOC on the "Global Night VisionDevice Market.”
The high cost which has mainly
associated with the installation of this system and failure of cellular based
tracker and GPS are anticipated to obstruct the market growth rate. Moreover,
lack of awareness among the consumer regarding the Night Vision Device is
expected to challenge the Night Vision Device market in the forecast period of
2022-2029.
This Night Vision Device market report
provides details of new recent developments, trade regulations, import-export
analysis, production analysis, value chain optimization, market share, impact
of domestic and localized market players, analyses opportunities in terms of
emerging revenue pockets, changes in market regulations, strategic market
growth analysis, market size, category market growths, application niches and
dominance, product approvals, product launches, geographic expansions,
technological innovations in the market. To gain more info on the Night Vision
Device market contact Data Bridge Market Research for an Analyst Brief, our
team will help you take an informed market decision to achieve market growth.
Key market players in the Global Night
Vision Device Market are: -
- AISIN SEIKI Co. Ltd.
- Valeo SA
- Veoneer Inc.
- OMRON Corporation
- Magna International Inc.
- DENSO CORPORATION
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“FLIR Systems launched a new Lightweight
Vehicle Surveillance System (LVSS) with revolutionary air domain awareness
(ADA) and advanced counter-unmanned aerial system (C-UAS) capabilities. The
LVSS ADA C-UAS is an enhanced addition to Teledyne FLIR’s field-proven LVSS
platform that features reliable, rapidly deployable, cutting-edge technology to
detect and mitigate the growing threat of small drones. This approval has
further broadened the growth opportunity for the automotive Night Vision Device
industry” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Night Vision Device Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Type (Camera, Goggles, Rifle Scope,
Monoculars and Binoculars), By
Technology (Thermal Imaging, Image Intensifier, Infrared Illumination), By
Application (Military and Defense, Wildlife Spotting and Conservation,
Surveillance, Navigation), By Region, and By Competition 2019-2029”
has evaluated the future growth potential of Global Night Vision Device Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Night Vision Device Market.
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