Global Military Night Vision Device Market by Device Type (Goggle, Camera, Scope), Technology (Image Intensifier, Thermal Imaging, Infrared Illumination), Application (Surveillance, Navigation, Targeting, and Others) and Region – Global Forecast to 2024

Military night vision devices are highly advanced optoelectronic equipment which provides the user to sense objects and humans in the dark. It can shift the winds for the armed forces in combat situations by providing a tactical advantage. As per a new and detailed report by Market Research Future (MRFR), the global military night vision device market is projected to experience massive growth at a 10.65% CAGR during the assessment period (2018-2024). The rise in terrorist attacks is the major driver of the market.

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Increase in cross border operations coupled with the influx of immigrants and refugees is expected to elicit market demand during the forecast period. Launch of counter-insurgency operations by nations to tackle cases of trespassing can trigger the market. In addition, advances in night vision technology coupled with the proliferation of its applications for civilian use can bode well for the market. Increase in defense expenditure of nations and focus on border protection are factors which can fuel market growth.

Report Overview

The report covers the latest trends in the market to provide the most accurate forecasts and predictions. By correlating the historical data with key market dynamics, our analysts are able to make highly accurate projections. MRFR’s report includes a thorough analysis of the global military night vision device market segmented on the basis of device type, technology, application, and region with astute insights. The report has been prepared to assist players in the aerospace and defense industry in making the right investment decisions to attain higher returns. Users will also come across drivers, opportunities, and restraints which are likely to influence the growth of the market during the assessment period.

Segment Overview

By device type, the military night vision device market is segmented into goggle, camera, and scope. The goggle segment is expected to be highly lucrative till 2024 owing to the equipment being detachable and lightweight in nature. Furthermore, the role it plays in increasing the situational awareness of soldiers can bolster its demand in the coming years.

Key technologies discussed in the market report include image intensifier, infrared illumination, and thermal imaging. Among technologies, image intensifier can account for the lion’s share of the market in 2018. Major applications include surveillance, navigation, targeting, and others. The surveillance segment is touted to generate maximum revenue for the market over the forecast period owing to rapid developments in unmanned aerial vehicles, aircraft, and closed-circuit television sets (CCTVs).

The segments and sub-segments covered in the report are analyzed under five major regions – North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA), with respective country-level market sizing. The benefits of the product “military night vision device” is included in the report for a comprehensive understanding of the market. The report discusses and interprets the current trends and future opportunities of the market by delivering an unbiased growth assessment.

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Players Covered

Prominent market players outlined in the report include Meopta Optica S.R.O (Czech Republic), L3 Technologies Inc. (U.S.), Harris Corporation (U.S.), American Technologies Network Corp. (U.S.), Rockwell Collins, Inc. (U.S.), FLIR Systems, Inc. (U.S.), BAE Systems plc (U.K.), Bharat Electronics Limited (India), Thales Group (France), and Elbit Systems Ltd. (Israel) in the report. New product developments, mergers, and acquisitions are strategies being utilized by players to gain a larger market share. Recently, the U.S Army tapped BAE Systems for supplying advanced weaponry to the troops for detecting and engaging enemies during the night.

The report offers comprehensive profiles on these market players and assesses their current standing in the global market. Company history coupled with annual turnover, segmental share, SWOT analysis, growth strategies, new product launches, mergers and acquisitions (M&A) activities, and latest R&D initiatives are outlined in the report.

Research Methodology

At MRFR, data analysts conduct a thorough objective analysis of the market when creating market research reports by engaging carefully developed set of standards which allow a truly comprehensive view of the market and its various components. Use of primary research strategies such as interviews with top level decision makers of various leading companies in the relevant market combined with secondary research provides a thorough analysis of present and historical trends in a forward looking manner. Additionally, market size estimation and validation uses both top-down & bottom-up approaches to obtain data from the demand and supply-side. Credible resources are employed to help data analysts to understand nuances of market factors with consistency. Competent data analysts use strong analytical tools to ascertain accurate analysis of very relevant parameter in an effort to provide clients with a conclusive and dependable view of the future.

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