March 08, 2022 06:58 ET | Source: Research and Markets Research and Markets
Dublin, March 08, 2022 (GLOBE NEWSWIRE) -- The "Global Night Vision Device Market (2021-2026) Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering. The Global Night Vision Device Market is estimated to be USD 8.25 Bn in 2021 and is expected to reach USD 13.71 Bn by 2026, growing at a CAGR of 10.70%. Market Dynamics
The growing quality of the devices among nature enthusiasts and life researchers may propel the demand. Moreover, the affordable value and technical practicability of providing troopers with sight devices capable of manufacturing color pictures square measure expected to drive the market growth. Law Enforcement authorities use night eyeglasses to conduct activity and confirm the mission readiness of the defense personnel. The rise in terrorist attacks, political tension over boundaries, and security safety light-emitting diode huge demand for NVDs across the military and defense business. Technological innovations like enhancements within the parts employed insight devices contribute to nighttime vision device market development. Stringent government norms on market competition's product usage intensity represent an utmost challenge for key players. Prices for producing night vision products have limited the assembly capability, and thus these devices square measure created on the market solely to the military forces. Drone enabled with night vision cameras on people who don't seem to be wearing masks in public places and not maintaining social distancing. Some factors that restrain the market are high manufacturing costs such as night vision optics and expensive third-generation technology. The high costs of NVDs include night vision devices is limiting their uptake. Therefore, devices are used only for military purposes. Some makers are compelled to stay the costs square measure as a result of bound political problems. These may cut down the adoption of NVDs like eyeglasses and scopes within the market. Market Segmentation
Some of the companies covered in this report are Flir Systems, Exelis Inc., L3 Technologies, American technologies Network corp., Elbit Systems, Rockwell Collins Inc., Bae systems Plc., Leonardo S.p.A, Thales group, Night vision devices, N-Vision Optics, Safran Vectronix AG, Adams Industries Inc., Excelitas Technologies Corp, Opgal Optronic industries Ltd, etc. Countries Studied
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Why buy this report?
Key Topics Covered: 1 Report Description 2 Research Methodology 3 Executive Summary 4 Market Influencers 4.1 Drivers 4.1.1 Reasonable Cost and Technical Feasibility 4.1.2 Demand Among Nature Enthusiast and Wildlife Researchers 4.1.3 Law Enforcement Authorities Use Night Goggles 4.1.4 Rising Military and Defense Expenditure 4.2 Restraints 4.2.1 Stringent Norms and Regulation 4.2.2 Significant Costs of Manufacturing and Limit the Production 4.2.3 High Cost Associated with Night Vision Device 4.3 Opportunities 4.3.1 Technological Innovation in the Components 4.3.2 Adoption of Advanced NVDS to Create Growth Opportunities 4.4 Challenges 4.4.1 High Cost of NVDS 4.4.2 Manufacturers are Compelled to Keep Prices High 5 Market Analysis 5.1 Porter's Five Forces Analysis 5.2 Impact of COVID-19 5.3 Ansoff Matrix Analysis 6 Global Night Vision Device Market, By Device Type 6.1 Introduction 6.2 Night vision camera 6.3 Night vision scope 6.3.1 Rifle Scopes 6.3.2 Handheld Scopes 6.4 Night vision goggle 6.5 Night vision glasses 6.6 Binocular and Monocular 7 Global Night Vision Device Market, By Technology Type 7.1 Introduction 7.2 Thermal Imaging 7.3 Image Intensifier 7.4 Infrared Illumination 8 Global Night Vision Device Market, By Application Type 8.1 Introduction 8.2 Military 8.3 Surveillance 8.4 Security 8.5 Hunting 8.6 Navigation 8.7 Hidden objects detection 8.8 Paranormal research 8.9 Others 9 Global Night Vision Device Market, By Geography
10 Competitive Landscape 10.1 Competitive Quadrant 10.2 Market Share Analysis 10.3 Strategic Initiatives 10.3.1 M&A and Investments 10.3.2 Partnerships and Collaborations 10.3.3 Product Developments and Improvements 11 Company Profiles 11.1 Flir Systems 11.2 Exelis Inc. 11.3 L3 Technologies 11.4 American technologies Network corp. 11.5 Elbit Systems 11.6 Rockwell Collins Inc. 11.7 Bae systems Plc. 11.8 Leonardo S.p.A 11.9 Thales group 11.10 Night vision devices 11.11 N-Vision Optics 11.12 Safran Vectronix AG 11.13 Adams Industries Inc. 11.14 Excelitas Technologies Corp 11.15 Opgal Optronic industries Ltd. 11.16 Dali Technology 11.17 Thermoteknix Systems Ltd. 11.18 Omnivision 11.19 Harris Corporation 11.20 ATN 11.21 Meopta U.S.A Inc. 11.22 Sofradir-EC 11.23 Newcon Optikamong 11.24 ASELSAN AS 11.25 Raytheon Co. 11.26 Vista outdoor Inc. 12 Appendix
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