28 April 2021
The new report the Night Vision Device Market Report to 2031: Forecasts by Type (Camera, Goggles, Scope, and Others), Technology (Image Intensifier, Thermal Imaging, and Others), Application (Defense, Wildlife Spotting, Wildlife Conservation, Surveillance, Navigation, and Others), by Region, Country and Profiles of Leading Companies indicates that the global night vision device market will see $ XX bn in spending in 2020.
The lead analyst of the report said: "The night vision device market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of the night vision device.”
Night vision device will enable the ability to see in dark or low-intensity light night vision devices has been very prominent in military and defense. The equipment such as night-vision goggles, binoculars, and scopes provide assistant to solider during the off-light. Continuous innovation in the night vision technology is primarily driven force for the demand from the military and defence application. Moreover, the growth in the armed conflicts across various regions/countries significantly contributes to the rapid rise in demand for night vision devices for military and defense applications. The government spending on the guarding and combat operation tools is further expected to lead the night vision device globally and create opportunities in the market during the forecast period.
The night vision device technology witnessed a rapid change from a bulky optical instrument to the lightweight and operation-friendly equipment by implementing image intensification technology and other similar technologies. Moreover, the rise in the use of a thermal imaging system that usually detects infrared rays through emitting heat is the primary trend in the global night vision device market. However, the high manufacturing costs limit the production capacity, and therefore, these devices are primarily available to military applications.
The solicitation of proposals by the public-private companies and governments worldwide are expected to mitigate the COVID-19 pandemic impact, which is also estimated to be the key factor fueling the night vision device market growth.
The XX page report contains 127 tables and 251 graphs that add visual analysis in order to explain developing trends within the night vision device market. The report provides $ XX bn forecasts during the forecast period 2021-2031 for the night vision device submarkets, namely by type, i.e., camera, goggles, scope, and others.
The XX page report offers market forecasts and analysis for 24 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 15 companies leading the field in the night vision device.
The global night vision device market 2021-2031 report will be of value to anyone who wants to understand better the night vision device market and its various segments. It will be useful for businesses who wish to comprehend the part of the market better they are already involved in, or those wishing to enter or expand into a different regional or technical aspect of the night vision device industry.
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