This global market research report presents a detailed segmentation of the night vision devices market by product (night vision goggles, night vision cameras, night vision scopes, and others), by end user (civil and military), and by geography (the Americas, APAC, and EMEA). The key leading vendors analyzed in this market study are Armasight, ATN, BAE Systems, Elbit Systems, FLIR Systems, Harris, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales.
Technavio has released a new market research report on the global night vision devices market, which is expected to grow at a CAGR of 5% between 2016 and 2020. Night vision devices find high application in military equipment. Since these devices are not expensive they are increasingly being adopted by end users for a wide array of applications. The Americas dominate the global night vision devices market, accounting for 56% of the total market share. Much of this region’s growth comes from the high adoption of these devices in the US defense sector.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“One of the significant trends gaining momentum in this market is the augmented utilization of graphene. Graphene is an ultra-thin, ultra-light, ultra-strong, and ultra-flexible material that can be used in any product. The new graphene-based thermal sensor is just one atom thick, and it uses a cryogenic cooling system to identify heat patterns from a long distance. The incorporation of graphene not only helps to reduce the weight of night vision devices but also helps to lower the price of the device,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
The implementation of night vision system is growing in the automotive sector. They can be classified as active and passive night vision systems. They help vehicle drivers to see in the dark or in poor weather conditions where the reach of headlights is low. Several automobile manufacturers such as Audi, BMW, Mercedes, and Toyota are inserting these systems owing to rising concern over road accidents. Moreover, the cost of these devices are lesser than thermal imaging devices, teherby increasing their usage in commercial vehicles.
The leading vendors in the global night vision devices market include Armasight, ATN, BAE Systems, Elbit Systems, FLIR Systems, Harris, L-3 Communications, Meopta, Newcon Optik, Optix, Sofradir EC, and Thales. The market is characterized by the presence of players that are well established in the global night vision optics and thermal imaging markets. Since the market is growing steadily, startups such as Tonbo Imaging have entered this market to take advantage of the market’s growth potential.
A more detailed analysis is available in the Technavio report, Global Night Vision Devices Market 2016-2020.
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