NightVision devices (NVD) are products which enable a person to have
the ability to see in dark or low intensity light. There have been significant
developments in the field of electronics and optics that have allowed
production of NVDs which help in intensifying the images which are not likely
to be seen through naked eyes.
According to IndustryARC’s report on Night Vision Devices Market, the market
is estimated to grow to $20.5 billion in 2020 at a CAGR of 7%. The growing
demand for night vision devices in the commercial sector is set to drive the
market primarily. The increased technological advancements in areas such as
focal plane arrays, image intensifier tubes are also set to propel the usage of
night vision devices.
Browse 41 Market Tables, 79 Figures spread through 232
Pages and an in-depth TOC on “Night
Vision Devices Market”: http://industryarc.com/Report/1286/night-vision-devices-market-analysis.html
MARKET
TRENDS & MARKET GROWTH:
The Night
Vision Devices Market is propelled by a few Major growth Factors like:
- The Night Vision Devices Market is exhibiting high growth due to increased adoption in security, surveillance and navigation markets as well as a significant price drop resulting in increased usage in automotive industry.
- The growing surveillance market is a major cause of the growth overall across regions. The demand for night vision devices for monitoring at high risk areas to improve on-site or on-location safety has led to improved growth in the government and commercial markets.
- The growing applications in navigation to improve vehicle safety are exhibiting growing adoption. However the declining military budgets in western countries is set to hinder growth of the Night Vision Devices Market.
- The increased customer demand for night vision devices in the APAC military segment is set to drive the Night Vision Devices Market.
Regional
Analysis:
The growing surveillance market is a major cause of the growth overall across
regions. The demand for night vision
devices for monitoring at high risk areas to improve on-site or on-location
safety has led to improved growth in the government and commercial markets. Americas
market was the biggest Night Vision
Devices Market in 2014 followed by APAC. The APAC region is poised to grow
at a very high CAGR due to growing economy leading to high adoption of night
vision devices, particularly in military and governmental segments. The
significant growth of the Chinese and Indian markets will drive this segment.
Market
Segmentation:
The Night
Vision Devices Market is precisely segmented into 4 types by IndustryARC
based on various factors like:
- By Category: Scopes, Goggles, Cameras and Others.
- By Components: Image Intensifier Tubes, Front Lens, Photo Cathode, Micro Channel Plate, High Voltage Power Supply, Phosphor Screen, Eyepiece and Others.
- By Application: Military, Hunting, Surveillance, Security, Navigation, Hidden Object Detection, Paranormal Research and Others.
- By Geography: North America, Europe, Asia-Pacific and ROW
Key Market
Players:
The top 5 companies in terms of revenue
operating in the Night Vision Devices
Market are:
- FLIR Systems, Inc. (U.S)
- American Technologies Network Corp. (U.S)
- L-3 Warriors System, Inc. (U.S)
- Exelis Inc. (U.S)
- Raytheon Corporation (U.S)
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