Global Night Vision Devices Market to grow at a CAGR of 5.22% during the period 2016 - 2020; Finds New Report

Report forecast the global night vision devices market to grow at a CAGR of 5.22% during the period 2016 - 2020.

Night vision devices collect the existing ambient light, including moonlight, starlight, or IR light, through the front lens. This light, which is made of photons, is converted to electrons by passing through a photocathode tube. The electrons are then amplified through a chemical and electrical process and thrown against a phosphorous screen that converts the electrons back to visible light, which the user sees through the eyepiece. The image is a clear, green-hued, amplified recreation of the scene. It is green because of the phosphorous screen, which converts light to green, as human eyes are more sensitive to green light than light of any other color.

The report covers the present scenario and the growth prospects of the global night vision devices market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the shipment of night vision devices to the following end-user segments:

• Military segment
• Civil segment

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Global Night Vision Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, night vision devices find high application in military equipment such as guns. Based on investments made in the military, the exhibit below lists the top 10 nations with the highest military expenses. However, the US leads, as the country experiences significant demand for night vision devices. The Future Soldier 2030 Initiative was launched by the US Army in 2009 with the objective to equip soldiers with advanced equipment, weapons, and body armor. This initiative will help increase the adoption of night vision devices in the US.

Further, the report states that the high cost of thermal imaging devices compared to night vision devices is its major disadvantage, which is hindering its adoption.

Key players in the Global Night Vision Devices Market: Armasight, ATN, BAE Systems, Elbit Systems, FLIR Systems, Harris, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, Thales.

Market driver

• Continuous investment in military segment
• For a full, detailed list, view our report

Market challenge

• Adoption of thermal imaging devices
• For a full, detailed list, view our report

Market trend

• Adoption of Snooperscope in smartphones
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 55 pages “Global Night Vision Devices Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Manufacturing process, Market landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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