Night Vision Devices Market Size to Grow by USD 3.55 billion | Increased Applications in Military Operations to Drive Growth | Technavio

·4 min read

NEW YORK, Dec. 8, 2021 /PRNewswire/ -- Some of the primary growth drivers for the night vision devices market are the increased applications in military operations, adoption of thermal imaging technology for controlling fire accidents, and improvements in design.

Attractive Opportunities in Night Vision Devices Market by Type, Application, and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Night Vision Devices Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

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The night vision devices market size is expected to grow by USD 3.55 bn from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 7.01%. The market is expected to post a year-over-year growth rate of 4.57%.

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Market Segmentation Analysis

  • The night vision devices market is segmented by type (goggles, cameras, scopes, and others), application (military and civil), and geography (North America, APAC, Europe, South America, and MEA).

  • By type, the goggles segment is expected to have significant market share growth during the forecast period.

  • The extensive use of night vision goggles in military applications for better visibility is driving this market segment.

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Regional Analysis

  • 46% of the growth will originate from North America.

  • The US is a key country for the night vision devices market in North America.

  • Market growth in this region will be faster than the growth of the market in North America, APAC, Europe, South America, and MEA.

Notes:

  • The night vision devices market size is expected to accelerate at a CAGR of 7.01% during the forecast period.

  • The market is fragmented due to the presence of many vendors holding significant market share.

  • The research report offers information on several market vendors, including American Technologies Network Corp., Apresys International Inc., ASELSAN AS, BAE Systems Plc, Bharat Electronics Ltd., Elbit Systems Ltd., L3Harris Technologies Inc., Luna Optics Inc., Safran SA, and Teledyne Technologies Inc.

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Night Vision Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.01%

Market growth 2021-2025

USD 3.55 billion

Market structure

Fragmented

YoY growth (%)

4.57

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 46%

Key consumer countries

US, China, Russian Federation, Japan, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

American Technologies Network Corp., Apresys International Inc., ASELSAN AS, BAE Systems Plc, Bharat Electronics Ltd., Elbit Systems Ltd., L3Harris Technologies Inc., Luna Optics Inc., Safran SA, and Teledyne Technologies Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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