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Military Night Vision Device Market Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have been identified in the market.
Scope of Military Night Vision Device Market:
Military night vision devices are optoelectronic equipment which allow users to see in the dark. They use various technologies such as image intensification, thermal imaging, and infrared illumination, to typically produce monochrome images in intensities of light darkness. Night vision devices are vital in enhancing situational awareness during night operations and poor visibility conditions. These devices are used by law enforcement agencies for surveillance, navigation, targeting, and other purposes. However, these phenomena are becoming more prevalent, and are being computed by the common people for a wide variety of applications, ranging from hunting to paranormal research. Currently, BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., is a market leader, which would significantly propel the market growth. The rising terrorist attacks and focus on countermeasures, increasing incidences of border trespassing and focus on the global market.
Moreover, with the integration of night vision device with tactical headset, there has been a step in the direction of military night vision device.
Meanwhile, increased use of drones is hindering the market growth to a certain extent. However, changing nature of warfare and increase in military spending offers promising growth opportunities to the market.
Regional Analysis
CAGR during the forecast period, 2018-2024. In 2018, the market was led by North America with 28.08% share, followed by Europe and Asia-Pacific with shares of 24.85% and 21.43%, respectively. Asia-Pacific is the fastest growing region for night vision device market. North America dominates the global market and is likely to grow remarkably in the night vision device front. The region has witnessed extensive military expenditure and advancements, and thus, a very high demand for military night vision devices.
Moreover, the U.S. military is adopting advanced technologies and investing in research and development in military night vision devices. The region accounted for the largest share in the global market in 2017, primarily due to the presence of major manufacturers such as Rockwell Collins Inc. and Harris Corporation in this region. In addition, the increasing military expenses by the US Department of Defense (DOD) on developing tactical equipment, in the recent years, have resulted in significant market surge in demand, in this region. Moreover, the current military operations and exercises in the Middle East countries will also result in the U.S. focusing on developing new night vision devices such as ENVG (enhanced night vision goggles), which will further deepen the scope of the market in the region.
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focusing on manufacturers in Military Night Vision Device market, with Production, price, revenue and market share for each manufacturer, covering top players: – American Technologies Network Corp. (U.S.), BAE Systems plc (U.K), Bharat Electronics Limited (India), Elbit Systems Ltd. (Israel), FLIR Systems, Inc. (US), Harris Corporation (US), L3 Technologies Inc. (US), Meopta Optica SRO (Czech Republic), Rockwell Collins, Inc. (US), and Thales Group (France) are some of the key players operating in the market. Thales Group, BAE Systems, L3 Technologies, Rockwell Collins, and Harris Corporation are the leading players and together accounts for nearly 70% of the market share in 2017 And many more …
Military Night Vision Devices market key players. For each player contact information is given. Their product details, capacity, cost, cost, gross and revenue are provided for better understanding.
The report helps the following questions:
– What is the current size of the Military Night Vision Device market?
– How is the Military Night Vision Device Marketed into Different Types of Product Segments?
How are the market and different product segments growing?
– How is the market predicted to develop in the future?
The latest industry data included in this report:
– Overall Military Night Vision Device market size, 2012-2022
– Military Night Vision Device market size by product segment, 2012-2022
– Growth rates of the overall market and different product segments, 2012-2022
– Shares of different product segments of the Military Night Vision Device market, 2012, 2017, and 2022
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With Experts Interview, Market Breakdown and Data Triangulation, Primary & Secondary Sources and Research Center Data, Military Night Vision Market Research Device Market Research Leads You Towards Exponential Growth.
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