Friday, April 8th, 2016 - WiseGuyReports adds“Night Vision Devices Global Market Analysis to 2016 & Forecast to 2020”reports to its database. We can offer you discount on this report.

This global market research report presents a detailed segmentation of the night vision devices market by product (night vision goggles, night vision cameras, night vision scopes, and others), by end user (civil and military), and by geography (the Americas, APAC, and EMEA). The key leading vendors analyzed in this market study are Armasight, ATN, BAE Systems, Elbit Systems, FLIR Systems, Harris, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales.

Outlook of the global night vision devices market 
The global market for night vision devices will experience rising revenues and growth rates during the forecast period and will post a steady CAGR of more than 5% by 2020. Since night vision devices are less expensive than thermal imaging devices, they are increasingly being adopted by end users for a wide array of applications. The average selling price (ASP) of a night vision scope is USD 3,000, whereas that of a thermal imaging scope is USD 4,000. As the price of thermal imaging devices is rapidly increasing, night vision devices are being used for industrial applications like building diagnostics and performing preventive maintenance in plants and energy distribution units. This increase in the adoption of night vision devices due to its cost effectiveness is a major factor that will result in the steady growth of this market during the estimated period.

According to the analysts at Technavio, an upcoming market trend that will positively affect the growth prospects of the night vision devices market is the augmented utilization of graphene. Graphene is an ultra-thin, ultra-light, ultra-strong, and ultra-flexible material that can be used in any product. The new graphene-based thermal sensor is just one atom thick, and it uses a cryogenic cooling system to identify heat patterns from a long distance. The incorporation of graphene not only helps to reduce the weight of night vision devices but also helps to lower the price of the device.


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Product-based segmentation of the night vision devices market 
-Night vision goggles 
-Night vision cameras 
-Night vision scopes 
Technavio’s market research analysts have estimated the night vision goggles product segment to account for approximately 47% of the total market share by 2020. The extensive use of night vision goggles in the military and law enforcement segments is a major factor that will result in the steady growth of this market segment during the next four years.

Segmentation by end user and analysis of the night vision devices market 
The military segment dominated this market during 2015 and is anticipated to continue its market dominance until 2020 owing to the extensive use of night vision goggles, monoculars, and binoculars by soldiers. Night vision devices are in high demand among the Special Forces as they help soldiers to carry out activities like counter-terrorism, covert ops, hostage rescues, high-value targets, and person hunting. Extensive market research carried out by the analysts at Technavio has shown that the military market segment will post an impressive market value of nearly USD 4 billion by 2020.

Competitive landscape and key vendors 
The global market for night vision devices is characterized by the presence of players that are well established in the global night vision optics and thermal imaging markets. Since the market is growing steadily, startups such as Tonbo Imaging have entered this market to take advantage of the market’s growth potential.


For more information or any query mail at [email protected]

Leading vendors in this market are -

-BAE Systems 
-Elbit Systems 
-FLIR Systems 
-L-3 Communications 
-Newcon Optik 
-Sofradir EC 

Key questions answered in the report include 
-What will the market size and the growth rate be in 2020? 
-What are the key factors driving the global night vision devices market? 
-What are the key market trends impacting the growth of the global night vision devices market? 
-What are the challenges to market growth? 
-Who are the key vendors in the global night vision devices market? 
-What are the market opportunities and threats faced by the vendors in the global night vision devices market? 
-Trending factors influencing the market shares of the Americas, APAC, and EMEA. 
-What are the key outcomes of the five forces analysis of the global night vision devices market?


For more information or any query mail at [email protected]


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