Weapon night sights are sighting devices that enable viewing or imaging under poor light conditions, and during nighttime. These night sight devices are also referred as image enhancement devices, which are built on the image-intensifier tube to collect and amplify infrared and visible light. In addition, these devices are utilized to intensify human sight under very low light conditions. These devices can be mounted on a wide range of weapons and small arms. Moreover, these devices can also be attached with guns carried by armed troops and military vehicles. Furthermore, military forces across the globe utilize weapon night sights to execute military operation successfully.
In recent years, digital night vision rifle scopes have become popular as they can be utilized both during the day and at night. In addition, militaries across the globe most often utilizes gun-mounted weapon night sight in their assault rifles to execute several missions effectively.
The U. S. is a world leader in the deployment of modern technologies in the military, navy, homeland security, and other defense agencies. The Department of Defense of the U. S. is the country's largest government agency has awarded bounteous contract for weapon night sight to defense companies. For instance, in May 2022, The US Army has awarded contracts totaling $1 billion for individual thermal weapon sights. The Department of Defense has announced that FLIR Systems of Massachusetts and Leonardo DRS of Florida have been awarded firm fixed price contracts worth more than $500 million to provide Family of Weapons Sights-Individual thermal imaging systems.
The global weapon night sight market is experiencing growth due to upsurge in military spending, and government initiatives to protect nation from cross border disputes. However, high cost of weapon night sight devices is the factor hampering the growth of the market. Furthermore, defense modernization is the factor expected to offer growth opportunities during the forecast period.
The weapon night sight market is segmented on the basis of product type, platform, technology, application, and region. By product type, it is segmented into gun-mounted weapon night sight, and vehicle-mounted weapon night sight. By platform, it is classified into ground-based, air-based, and sea-based. By technology, it is categorized into imaging intensifier, thermal imaging, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In recent years, digital night vision rifle scopes have become popular as they can be utilized both during the day and at night. In addition, militaries across the globe most often utilizes gun-mounted weapon night sight in their assault rifles to execute several missions effectively.
The U. S. is a world leader in the deployment of modern technologies in the military, navy, homeland security, and other defense agencies. The Department of Defense of the U. S. is the country's largest government agency has awarded bounteous contract for weapon night sight to defense companies. For instance, in May 2022, The US Army has awarded contracts totaling $1 billion for individual thermal weapon sights. The Department of Defense has announced that FLIR Systems of Massachusetts and Leonardo DRS of Florida have been awarded firm fixed price contracts worth more than $500 million to provide Family of Weapons Sights-Individual thermal imaging systems.
The global weapon night sight market is experiencing growth due to upsurge in military spending, and government initiatives to protect nation from cross border disputes. However, high cost of weapon night sight devices is the factor hampering the growth of the market. Furthermore, defense modernization is the factor expected to offer growth opportunities during the forecast period.
The weapon night sight market is segmented on the basis of product type, platform, technology, application, and region. By product type, it is segmented into gun-mounted weapon night sight, and vehicle-mounted weapon night sight. By platform, it is classified into ground-based, air-based, and sea-based. By technology, it is categorized into imaging intensifier, thermal imaging, and others. By region, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the weapon night sight market analysis from 2021 to 2031 to identify the prevailing weapon night sight market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the weapon night sight market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global weapon night sight market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Gun-Mounted Weapon Night Sight
- Vehicle-Mounted Weapon Night Sight
By Platform
- Ground-based
- Air-based
- Sea-based
By Technology
- Imaging Intensifier
- Thermal Imaging
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- L3Harris Technologies, Inc.
- BAE Systems plc
- Thales Group
- Thomasnet
- Optix CO
- Rolta India Limited
- ELBIT SYSTEMS LTD
- Raytheon Technologies
- Excelitas Technologies Corp.
- Leonardo DRS
- Rheinmetall AG
- Teledyne FLIR LLC
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: WEAPON NIGHT SIGHT MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Gun-Mounted Weapon Night Sight
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Vehicle-Mounted Weapon Night Sight
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: WEAPON NIGHT SIGHT MARKET, BY PLATFORM
5.1 Overview
5.1.1 Market size and forecast
5.2 Ground-based
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Air-based
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Sea-based
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: WEAPON NIGHT SIGHT MARKET, BY TECHNOLOGY
6.1 Overview
6.1.1 Market size and forecast
6.2 Imaging Intensifier
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Thermal Imaging
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: WEAPON NIGHT SIGHT MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product Type
7.2.3 North America Market size and forecast, by Platform
7.2.4 North America Market size and forecast, by Technology
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Product Type
7.2.5.1.2 Market size and forecast, by Platform
7.2.5.1.3 Market size and forecast, by Technology
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product Type
7.2.5.2.2 Market size and forecast, by Platform
7.2.5.2.3 Market size and forecast, by Technology
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product Type
7.2.5.3.2 Market size and forecast, by Platform
7.2.5.3.3 Market size and forecast, by Technology
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product Type
7.3.3 Europe Market size and forecast, by Platform
7.3.4 Europe Market size and forecast, by Technology
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Product Type
7.3.5.1.2 Market size and forecast, by Platform
7.3.5.1.3 Market size and forecast, by Technology
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Product Type
7.3.5.2.2 Market size and forecast, by Platform
7.3.5.2.3 Market size and forecast, by Technology
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Product Type
7.3.5.3.2 Market size and forecast, by Platform
7.3.5.3.3 Market size and forecast, by Technology
7.3.5.4 Russia
7.3.5.4.1 Market size and forecast, by Product Type
7.3.5.4.2 Market size and forecast, by Platform
7.3.5.4.3 Market size and forecast, by Technology
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Product Type
7.3.5.5.2 Market size and forecast, by Platform
7.3.5.5.3 Market size and forecast, by Technology
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product Type
7.4.3 Asia-Pacific Market size and forecast, by Platform
7.4.4 Asia-Pacific Market size and forecast, by Technology
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Product Type
7.4.5.1.2 Market size and forecast, by Platform
7.4.5.1.3 Market size and forecast, by Technology
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Product Type
7.4.5.2.2 Market size and forecast, by Platform
7.4.5.2.3 Market size and forecast, by Technology
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Product Type
7.4.5.3.2 Market size and forecast, by Platform
7.4.5.3.3 Market size and forecast, by Technology
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Product Type
7.4.5.4.2 Market size and forecast, by Platform
7.4.5.4.3 Market size and forecast, by Technology
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Product Type
7.4.5.5.2 Market size and forecast, by Platform
7.4.5.5.3 Market size and forecast, by Technology
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product Type
7.5.3 LAMEA Market size and forecast, by Platform
7.5.4 LAMEA Market size and forecast, by Technology
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Product Type
7.5.5.1.2 Market size and forecast, by Platform
7.5.5.1.3 Market size and forecast, by Technology
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Product Type
7.5.5.2.2 Market size and forecast, by Platform
7.5.5.2.3 Market size and forecast, by Technology
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Product Type
7.5.5.3.2 Market size and forecast, by Platform
7.5.5.3.3 Market size and forecast, by Technology
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 L3Harris Technologies, Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 BAE Systems plc
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Thales Group
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Thomasnet
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Optix CO
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Rolta India Limited
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 ELBIT SYSTEMS LTD
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Raytheon Technologies
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Excelitas Technologies Corp.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Leonardo DRS
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Rheinmetall AG
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Teledyne FLIR LLC
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Weapon Night Sight Market,' the weapon night sight market was valued at $1.0 billion in 2021, and is estimated to reach $1.8 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031.North America is expected to dominate the global weapon night sight market. North America is projected to witness an increase in the adoption of weapon night sight by the defense agencies, owing to multiple military modernization and enhancement programs underway in the North America. In January 2019, EOTech, a division of L3Harris Technologies, Inc., signed a $ 26.3 million five-year contract with the US Special Operations Command (USSOCOM), to provide the US military with state-of-the-art holographic sights and optics with G33 clip magnifier.
Tank utilizes weapon night sights for round-the-clock observation of terrain. In addition, vehicle-mounted weapon night sights are designed for viewing the field of combat in any weather conditions for the purpose of surveillance, detection and classification of stationery and moving targets.
The global weapon night sight market is experiencing growth due to upsurge in military spending, and government initiatives to protect nation from cross border disputes. However, high cost of weapon night sight devices is the factor hampering the growth of the market. Furthermore, defense modernization is the factor expected to offer growth opportunities during the forecast period.
COVID-19 Impact Analysis
Revenue crunch and unavailability of raw materials were some of the major factors affecting the weapon night sight devices market, owing to the increased trade restrictions. Furthermore, defense budget cuts from several countries such as the U.S., India, France and Israel also affected the growth of the market. For instance, in 2021, the U.S. defense budget was reduced from $712 billion in 2020 to $705 billion in 2021.Factors such as disruptions in the supply chain and delayed purchases coupled with cross-border trade restrictions are responsible for the slowdown of the weapon night sight market. Markets throughout the world observed reduced procurement of weapon night sight, and the procurement contracts are expected to grow gradually over the next few years, as governments continue to build up their defense capabilities for addressing the uncertain geopolitical tensions across different nations such as the India-China, India-Pakistan, or the continued disagreement in South China Sea.
KEY FINDINGS OF THE STUDY
By type, the vehicle-mounted weapon night sight segment is anticipated to exhibit significant growth in the near future.By platform, the ground-based segment is anticipated to exhibit significant growth in the near future.
By technology, the imaging intensifier segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
Key players operating in the global weapon night sight market include BAE Systems Plc, Elbit Systems Ltd, Excelitas Technologies, L3Harris Technologies, Leonardo S.P.A, Optix CO, Raytheon Technologies Corporation, Rheinmetall AG, Rolta India Limited, Teledyne Flir LLC., Thales Group, and Thomasnet.
Companies Mentioned
- L3Harris Technologies, Inc.
- Bae Systems PLC
- Thales Group
- Thomasnet
- Optix Co
- Rolta India Limited
- Elbit Systems Ltd.
- Raytheon Technologies
- Excelitas Technologies Corp.
- Leonardo Drs
- Rheinmetall AG
- Teledyne Flir LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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