Night Vision Device Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of night vision device market by by product (goggles camera, scope, and others), technology (image intensifiers, thermal imaging, and infrared illumination), application (navigation, surveillance, targeting, and other application) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the night vision device market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global night vision device market are Collins Aerospace, Thales group, BAE Systems Plc, FLIR® Systems, Inc., Bharat Electronics Limited, Inc., Harris Group Inc., American Technologies Network Corp., Elbit Systems Ltd., and Satir. The global night vision device market is projected to grow at a CAGR of 8.3% over the forecast period of 2019-2025.
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Night Vision Device Market: Drivers, Restrain and Opportunities
The increased applications in military operations coupled with the incorporation of sensor fusion technology are driving the global night vision devices market. The increase in terrorist activities has prompted several governments to strengthen military operations. Innovation in technology and commercial applications of night vision devices plays a key role in the growth of the market across the globe. However, the high cost of night vision devices due to the use of third-generation technology and cuts in the defense budget may restrain the growth of the night vision devices market during the forecast period. Moreover, the use of night vision devices for security and surveillance applications creates an opportunity for the growth of the night vision device market in the next few years.
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North America Holds the Maximum Market Share
In terms of region, the global night vision device market is categorized into North America, Europe, Asia Pacific, and the Rest of the World. North America holds the maximum market share and is estimated to dominate the market during the forecast period. This is primarily due to the presence of prominent players and high military budget in the North American region.
Furthermore, the adoption of advanced technology is the other key factor that boosts the growth of the night vision device market in the region. The Asia Pacific is projected to grow at a beneficial rate over the forecast period. This is attributed to the use of night vision devices for civilian applications and up-gradation of devices. Also, the growing military budget in emerging countries is the other factor that is expected to fuel the growth of the global night vision device market in the Asia Pacific region.
Night Vision Device Market: Segmentation
The report on a global night vision device market covers segments such as product, technology, and application. On the basis of product, the sub-markets include goggles camera, scope, and others. On the basis of technology, the sub-markets include image intensifiers, thermal imaging, and infrared illumination. On the basis of application, the sub-markets include navigation, surveillance, targeting, and other application.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the night vision device.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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