Quick Summary:
In an era of relentless technological advancements, the global market for Night Vision Devices (NVD) has experienced substantial growth and continues to offer significant opportunities for savvy investors. The NVD market, with a size of USD 8.68 billion in 2022, anticipated to rise to USD 9.52 billion in 2023, and projected to reach an impressive USD 18.50 billion by 2030, presents a notable potential for expansion and high return on investment.
This comprehensive market research report provides intuitive insights into the diverse and expanding NVD market, unveiling rich information on dominant and emerging market segments. It evaluates technologies including Image Intensifiers, Infrared Illumination, and Thermal Imaging, and products such as Cameras and Binoculars & Clips. The report also scrutinizes various applications, from Military & Defense to Wildlife Spotting and Conservation, providing a multi-dimensional analysis of this dynamic market across key regions worldwide. Insight and foresight blend seamlessly in this report, offering a roadmap for opportunity, strategy, and growth in the flourishing Night Vision Device Market.
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The Global Night Vision Device Market size was estimated at USD 8.68 billion in 2022, USD 9.52 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.92% to reach USD 18.50 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Night Vision Device Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
Market Segmentation & Coverage:
This research report categorizes the Global Night Vision Device Market in order to forecast the revenues and analyze trends in each of following sub-markets:- Based on Technology, the market is studied across Image Intensifiers, Infrared Illumination, and Thermal Imaging. The Thermal Imaging commanded largest market share of 37.06% in 2022, followed by Infrared Illumination.
- Based on Product, the market is studied across Binocular & Clips, Camera, Goggles, and Scope. The Camera commanded largest market share of 35.64% in 2022, followed by Binocular & Clips.
- Based on Application, the market is studied across Hidden Object Detection, Hunting, Military & Defense, Navigation, Paranormal Research, Surveillance, and Wildlife Spotting & Conservation. The Military & Defense commanded largest market share of 26.80% in 2022, followed by Surveillance.
- Based on Distribution, the market is studied across Offline and Online. The Offline commanded largest market share of 95.00% in 2022, followed by Online.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. Europe, Middle East & Africa commanded largest market share of 39.11% in 2022, followed by Americas.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Global Night Vision Device Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Night Vision Device Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Night Vision Device Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Night Vision Device Market?
- What is the competitive strategic window for opportunities in the Global Night Vision Device Market?
- What are the technology trends and regulatory frameworks in the Global Night Vision Device Market?
- What is the market share of the leading vendors in the Global Night Vision Device Market?
- What modes and strategic moves are considered suitable for entering the Global Night Vision Device Market?
Frequently Asked Questions about the Global Night Vision Device Market
What is the estimated value of the Global Night Vision Device Market?
What is the growth rate of the Global Night Vision Device Market?
What is the forecasted size of the Global Night Vision Device Market?
Who are the key companies in the Global Night Vision Device Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 184 |
| Published | July 2023 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 9.52 Billion |
| Forecasted Market Value ( USD | $ 18.5 Billion |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Night Vision Device Market, by Technology
7. Night Vision Device Market, by Product
8. Night Vision Device Market, by Application
9. Night Vision Device Market, by Distribution
10. Americas Night Vision Device Market
11. Asia-Pacific Night Vision Device Market
12. Europe, Middle East & Africa Night Vision Device Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- AGM Global Vision, LLC
- American Outdoor Brands, Inc.
- American Technology Network, Corp.
- B.E. Meyers & Co., Inc.
- BAE Systems PLC
- Bharat Electronics Limited
- Elbit Systems Ltd.
- Fenn Night Vision Limited
- General Starlight Company Inc.
- Global Tele Communications
- Hangzhou View Sheen Technology Co., Ltd.
- IRay Technology Co., Ltd.
- Janos Technology, LLC
- Kapri Corp
- L3Harris Technologies, Inc.
- MKU LIMITED
- Newcon Optik
- Night Vision Devices, Inc.
- Optronis GmbH
- Raytheon Technologies Corporation
- Rolta India Limited
- Rongland Ltd.
- SATIR
- Schmidt & Bender GmbH & Co. KG
- Seek Thermal, Inc.
- Steele Industries Inc.
- Tata Advanced Systems Limited
- Teledyne FLIR LLC
- Thales Group
- Yukon Advanced Optics Worldwide
Methodology
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