Global Night Vision Device Market to Hit $7.36B by 2019
June 16, 2015 | PRNewswireEstimated reading time: 1 minute
The global night vision device market is estimated to grow to $7.36 billion by 2019, at a CAGR of 10.2% during the forecast period of 2014 to 2019.
The night vision device industry is one of the most robust and competitive industries, globally. Night vision devices provide users with the ability to see in low-light environments, as well as in total darkness. Night vision devices are used by the defense, homeland security, search & rescue, entertainment, and surveillance and safety sectors, among others. Initially, the night vision devices were used by security forces; however, the demand for night vision devices has been increasing significantly across the globe, in recent years, mainly owing to the rising demand from the civil & commercial sector.
Defense budget cuts are one of the major challenges faced by the industry. The budget cuts have forced night vision device manufacturers to innovate and develop more advanced night vision solutions and focus towards the civil & commercial sector. Extensive research & development in the areas of night vision technology has been witnessed worldwide, in recent years.
The report comprehensively covers the global night vision device market, which has been segmented on the basis of device type, technology, application, and geography. In terms of technology, the market has been classified into thermal imaging, image intensifiers, and infrared illumination. The major applications covered in the report are defense, commercial, and homeland security. On the basis of geography, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
The major companies operating in the global night vision device market are L-3 Communication (U.S.), Exelis Inc. (U.S.), FLIR Systems (U.S.), Elbit Systems (Israel), BAE Systems (U.K.), and Thales Group (France), among others. Capacity expansions, innovation, and corporate agreements are among the key approaches adopted by the major companies to strengthen and sustain their positions in the global market.
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Suggested Items
LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
05/02/2024 | PRNewswireLQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials.
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.
Amphenol Reports Q1 2024 Results, Announces New Stock Repurchase Program
04/26/2024 | BUSINESS WIREAmphenol Corporation reported first quarter 2024 results. In addition, the Company is announcing a new three-year, $2 billion stock repurchase program.
Chinese Smartphone Market Maintains its Recovery Momentum at 6.5% Growth in 1Q24,
04/26/2024 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, China smartphone shipments grew 6.5% year over year (YoY) to 69.3 million units in 1Q24.