Outlook on the Worldwide Night Vision Device Industry to 2025 - North America is Expected to be the Global Leader in the Market - ResearchAndMarkets.com
The night vision device market is projected to grow at a CAGR of 8.28% to reach US$10.086 billion by 2025, from US$6.258 billion in 2019.
The "Night Vision Device Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The night vision device market is projected to grow at a CAGR of 8.28% to reach US$10.086 billion by 2025, from US$6.258 billion in 2019.
The growing adoption of night vision devices for various applications due to its cost-effectiveness is bolstering the demand for these devices. The rising number of terrorist attacks worldwide is further fuelling the need for night vision devices by the military and defense sector. The other additional factor contributing to the market growth is a burgeoning need for tracking animal activities in wildlife sanctuaries.
By Product, night vision goggles is holding a significant share
By product, the night vision goggles segment is anticipated to hold a substantial share in the global night vision device market throughout the forecast period owing to increasing demand from the military and defense sector. Night vision goggles are small and lightweight which makes them a better choice for a range of applications. Moreover, factors such as low cost and lesser power requirements are also augmenting the demand for night vision goggles over the forecast period.
North America is expected to be the global leader
Geographically, North America held a significant share of the global night vision device market in 2019 and will remain at its position till 2025 owing to the presence of a large number of key players, along with the early adoption of technology in the region. The Asia Pacific will also witness a significant regional market growth owing to the rising adoption of night vision devices for navigation and security applications.
Competitive Insights
Companies Mentioned
- Thales Group
- BAE Systems
- L3 Technologies
- ATN Corporation
- Elbit Systems
- Armasight
- Rockwell Collins
- OPTIX Co.
-
Meopta
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Night Vision Device Market Analysis, By Technology
5.1. Introduction
5.2. Thermal Imaging
5.3. Infrared Illumination
5.4. Image Intensification
6. Night Vision Device Market Analysis, By Product
6.1. Introduction
6.2. Camera
6.3. Goggle
6.4. Scope
7. Night Vision Device Market Analysis, By Application
7.1. Introduction
7.2. Navigation
7.3. Security and Surveillance
7.4. Others
8. Night Vision Device Market Analysis, By Geography
8.1. Introduction
8.2. North America
8.3. South America
8.4. Europe
8.5. Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Thales Group
10.2. BAE Systems
10.3. L3 Technologies
10.4. ATN Corporation
10.5. Elbit Systems
10.6. Armasight
10.7. Rockwell Collins
10.8. OPTIX Co.
10.9. Meopta
For more information about this report visit https://www.researchandmarkets.com/r/ao8x9w
View source version on businesswire.com: https://www.businesswire.com/news/home/20200416005385/en/