The Military Night Vision Device Global Market Report 2023, provides comprehensive information on the military night vision device market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Military Night Vision Device Global Market Report 2023, the market size is expected to grow from $3.94 billion in 2022 to $4.39 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military night vision device market size is expected to reach $6.4 billion in 2027 at a CAGR of 9.9%.

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Technological advancements are a key trend gaining popularity in the military night vision devices market. Companies operating in the military night vision devices market are adopting new technologies to sustain their position in the market. For instance, in September 2021, L3Harris Technologies Inc., a US-based defense contractor, and information technology services provider, launched (ENVG-B) system and was awarded by the US Army $100 million for delivering enhanced night vision goggle technology. This technology enables the enhancement of soldiers’ ability of surveillance, mobility, awareness, target engagement, lethality, and survivability. The ENVG-B, STORM II laser rangefinder, and tactical radios like the AN/PRC-163 and AN/PRC-171 are the most recent examples of how the firm is helping the Army's objective to improve troop situational awareness, mobility, and lethality.

The military night vision device market is segmented:

1) By Type: Camera, Goggles, Monocular And Binoculars, Rifle Scope, Other Types

2) By Technology: Thermal Imaging, Image Intensifier, Infrared Illumination, Other Technologies

3) By Application: Surveillance, Targeting, Navigation, Other Applications

4) By End User: Military Segment, Civil Segment

Asia-Pacific was the largest region in the military night vision device market in 2022.

The table of contents in TBRC’s military night vision device market report includes:

Executive Summary
Military Night Vision Device Market Characteristics
Military Night Vision Device Market Trends And Strategies
Military Night Vision Device Market - Macro Economic Scenario
Military Night Vision Device Market Size And Growth
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Africa Military Night Vision Device Market
Military Night Vision Device Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Military Night Vision Device Market
Military Night Vision Device Market Future Outlook and Potential Analysis
Appendix
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