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Night Vision Device Market Trends

  • Report ID: GMI8024
  • Published Date: Feb 2024
  • Report Format: PDF

Night Vision Device Market Trends

The night vision device industry has seen a trend towards the integration of digital technology. Digital night vision devices offer advantages such as improved image clarity, the ability to record and transmit images, and compatibility with other digital systems. This trend reflects a move away from traditional analog night vision devices. In April 2023, Shenzhen Mileseey Technology Co., Ltd. launched the TNV30, a new night vision thermal monocular. The device enables display customization and maximizes the imaging effects in different scenarios.
 

There is a growing trend towards the development of smaller and lighter night vision devices. This is particularly important for military and law enforcement applications where portability and maneuverability are crucial. Advancements in materials and manufacturing techniques have enabled the creation of more compact and lightweight night vision solutions. Ongoing advancements in image sensor technology have a significant impact on the night vision device industry. Higher resolution sensors, improved low-light performance, and increased sensitivity contribute to better image quality and enhanced overall performance. Manufacturers are continually investing in research and development to incorporate state-of-the-art image sensors into their night vision devices.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for night vision device crossed USD 7 billion in 2023 and is expected to register over 8% CAGR from 2024-2032 owing to the continuous evolution and advancements in night vision technologies worldwide.

The security & surveillance segment from the night vision device industry is expected to register over 8% CAGR from 2024-2032 due to the rise in criminal activities, terrorism, border security concerns, and the need for effective surveillance in various sectors.

Asia Pacific held over 35% share of the night vision device industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the increasing defense budgets, rising security concerns, and the modernization of military equipment in the region.

Harris Corporation, L3Harris Technologies, Inc., Leupold & Stevens, Inc., Meopta - optika, s.r.o., Night Optics USA, Inc., Nivisys Industries, LLC, Pulsar (Yukon Advanced Optics), Raytheon Technologies Corporation, and Sightmark are some of the major night vision device companies worldwide.

Night Vision Device Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 296
  • Countries covered: 22
  • Pages: 250
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