Night-vision Goggles Market Key Players, Industry Overview, Supply and Consumption Demand Analysis to 2028
24 December 2019 - Global Night-Vision
Goggles Market is anticipated to
witness an exponential growth in the forecast period. Night vision goggles
amplify the available light using image enhancement technology with infrared
light technology. Night vision goggles allow soldiers and night fighters to see
movement and shoot even during reduced visibility or during night.
The
factors that propel the growth of the night-vision goggles market include small
size and light weight, low power requirement, low cost of goggles, night vision
goggles offer maximum viewing range that could be from 100 feet to 400 feet, and
increasing demand from militaries. On the other hand, there are factors that
may hamper the growth of the market including the fact that normal field of
view may cut down from 190 degrees to 40 degrees, thereby producing a narrow
field of sight, and sharpness reduces as the distance increases.
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The
market is anticipated to expand at a significant CAGR in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
Market could be explored by range, technology, application, and geography.
Market could be explored by range as intensity range and spectral range. Based
on technology, the market could span image enhancement and thermal imaging.
The
key applications that could be explored in the market include hunting,
security, military and others. The “Military” segment led the night vision
goggles market in 2017 and will continue to lead in the forecast period. The
key factors that may be attributed to the growth of market include increasing
demand from militaries and growing modernization programs and arm conflicts
worldwide.
North
America accounted for the major share of the night-vision goggles industry in
2017 and will continue to lead in the forecast period. The factors that could
be attributed to the growth include army and military requirements, increasing
cross-border smuggling activities and drug-trafficking and increasing demand.
North America is followed by Asia-Pacific region owing to high demand in the
region which is driven by surveillance and security requirements. In addition,
Asia-Pacific is followed by Middle East and Africa and Eastern Europe region in
the years to come.
Some
of the key players that fuel the growth of the night vision goggles market
comprise Nivisys, LLC, ATN Corporation, PYSER-SGI LIMITED, Newcon Optik, Tata
Advanced Systems Limited, Starlight NV Ltd, General Starlight Co, Inc., Harris
Corporation and Dipol Ltd. The leading companies are taking up partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
Market Segment:
Leading players of Night-vision Goggles
including:
•
Orpha
•
Armasight
•
ATN
•
Yukon
•
Night Optics
•
Bushnell
•
NVT
•
KATOD
•
ROE
•
Night Owl
Market split by Type, can be divided
into:
•
Image Intensifier
•
Thermal Image
Market split by Application, can be
divided into:
•
Industrial
•
Residential
Market split by Sales Channel, can be
divided into:
•
Direct Channel
•
Distribution Channel
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