Night-vision Goggles or NVG is a distinct
type of night vision device. NVG enables night fighters
& soldiers to see, movement and shoot during night or at a time of
condensed visibility. They frequently come with straps or headgear to fit onto
head for use without hands. NVGs can be also mounted on the weapon or can be
held in hand. They are equipped with an automatic breakaway mechanism that
separates them from helmet when force exceeds 11g to avoid any accidents during
the war. They are used together with magnifying visual modules for longer
distance observing.
According
to study, “World
Night-vision Goggles Market Research Report 2024(covering USA, EU, China, South
East Asia, Japan and etc)” the key companies operating in
the world night-vision goggles market are NVT, Daking Optoelectronics, ROE,
ORPHA, Yukon, Bushnell, KATOD, Apresys, ATN Corp., Centurion Systems, Night
Owl, Kelusi, Bering Optics, Luna Optics, AD2V, BUSHNELL, Dedal, Nivisys LLC,
Armasight, NIGHT OPTICS USA, Morovision, Meopta, Night Vision Gear UK, Pulsar,
Aviation Specialties Unlimited, INTEVAC, Newcon Optik, EXELIS, Sofradir, Alpha
Optics, Protruly Vision, BOSMA, Ronger Optic & Electronic, Tata Advanced
Systems Limited, General Starlight Co, Inc., Dipol Ltd., Starlight NV Ltd.,
Harris Corporation. Key venders are focusing on growing their business by
entering into strategic partnerships and offering innovative solutions.
Based
on product type, night-vision goggles market
is segmented into binoculars and monocular. Based on technology, market is
segmented into image intensifiers technology, thermal imaging technology and
infrared illumination technology. Based on range, market is segmented into
intensity range and spectral range. Based on application, market is segmented
into navigation, surveillance, and targeting. In addition, based on end-use,
market is segmented into military, rescue operations, police & law
enforcement, outdoor adventures and others.
The
night-vision goggles market is
driven by rise in adoption from law enforcement agencies, followed by increase
in military expenditure, growth in concern about national security, rise in
adoption from military & defense sector, increase in urban population, rise
in investments in research & development (R&D) activities, growth in
economy, rise in development in infrastructure, small size & light weight
and low cost & low power requirements. Additionally, night vision goggle
offers maximum viewing range, which can be from 100 feet-400 feet. This range
is perfect for combat missions conducted by soldiers, which is another driving
factor fueling the growth of market. However, high costs associated with
maintenance may impact the market.
Based
on geography, USA country holds major share, followed by EU in night vision
goggles market owing to rise in demand for inspections & monitoring
technologies in the military operation, surge in demand from the aviation
sector, substantial technological advancements, vast number of R&D centers and
presence of large number of manufacturers & tier 1 suppliers in the country.
China country is projected to grow significantly due to high demand in the
region which is driven by security & surveillance needs, during the
forecast period. It is anticipated that the market will be reached at rapid
pace on account of increase in trend of adoption of night vision goggles for
photography, hunting and fishing during the forecast period. The market is
likely to grow at a CAGR of approximately 2.9% over the next five years, will
reach US $310 million in 2024, from US $260 million in 2019.
For
more information on the research report, refer to below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
