Global Night Vision Devices Market 2019-2023 | 6% CAGR Projection Through 2023 | Technavio

LONDON–(BUSINESS WIRE)–The global night vision devices market is expected to post a CAGR of more than 6% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

The rise in the number of terrorist activities has led many countries to regularly upgrade the weapons and devices used by the military. This has fueled the demand for night vision devices such as scopes, goggles, and cameras to improve the capabilities of armed forces in tackling terrorist activities. To capitalize on this demand, vendors in the market are offering night vision devices integrated with advanced features such as thermal technology to produce sharp thermal images both during day and night. Therefore, the growing demand for night vision devices in military applications is one of the key factors driving the growth of the market.

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As per Technavio, the application of sensor fusion technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Night Vision Devices Market: Application of Sensor Fusion Technology

Vendors in the market are introducing night vision devices with sensor fusion technology to ensure better estimations with increased accuracy. The technology uses a thermal imager and an image intensifier to provide digitally enhanced images that can be transferred to a command center for information verification or general intelligence gathering and observation. The sensor fusion technology will be beneficial to the military, security, and law enforcement personnel. With the growing focus on upgrading military equipment, the demand for night vision devices equipped with such technologies will increase significantly during the forecast period.

“Use of night vision devices in paranormal investigations and increased investments in the military sector will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Night Vision Devices Market: Segmentation Analysis

This market report segments the global night vision devices market by type (night vision goggles, night vision cameras, night vision scopes, and others), application (military and civil), and geography (Americas, APAC, and EMEA).

The Americas region led the market in 2018, followed by APAC and EMEA respectively. During the forecast period, the Americas region is expected to maintain its dominance over the market. This is due to the growing demand for advanced devices and equipment from military applications in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

  • Geographic comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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