Description
Global Military Night Vision Device Market
Military night vision devices are optoelectronic equipment which allow users to see in the dark. They utilize various technologies such as image intensifier, thermal imaging, and infrared illumination, to produce typically monochrome images in intensities of light approaching total darkness. Night vision devices are vital in enhancing situational awareness during night operations and poor visibility conditions.
These devices are generally used by military and law enforcement agencies for surveillance, navigation, targeting, and other purposes. However, recently these devices are becoming considerably cheaper, and are being procured by the common people for a wide variety of applications, ranging from hunting to paranormal research.
Currently, there are a number of investments by companies, such as BAE Systems Plc, Elbit Systems Ltd, FLIR Systems Inc., on military night vision device, which would significantly propel the market growth. The rising terrorist attacks and focus on counter operations, increasing incidences of border trespassing and focus on border protection are the key factors driving the global market.
Moreover, with the integration of night vision device with tactical headset, there has been a steep rise in the sale of military night vision device.
Meanwhile, increased usage of drones is hindering the market growth to a certain extent. However, changing nature of warfare and increase in military spending offer promising growth opportunities to the market.
Regional Analysis
The global military night vision device market is estimated to witness 10.65% CAGR during the forecast period, 2018-2024. In 2018, the market was led by North America with 28.08% share, followed by Europe and Asia-Pacific with shares of 24.85% and 21.43%, respectively. Asia-Pacific is the fastest growing region for night vision device market.
North America dominates the global market and is likely to grow remarkably in the night vision device front. The region has witnessed extensive military expenditure and technological advancements, and thus, generates a very high demand for military night vision devices.
Moreover, the U.S. military is adopting advanced technologies and investing in research and development in military night vision devices. The region accounted for the largest share in the global market in 2017, primarily due to the presence of major manufacturers such as Rockwell Collins Inc. and Harris Corporation in this region.
In addition, the increasing military expenses by the U.S. Department of Defense (DOD) on developing tactical equipment, in the recent years, have resulted in the market witnessing a significant surge in demand, in this region.
Moreover, the current military operations and exercises in the Middle East countries will also result in the U.S. focusing on developing new night vision devices such as ENVG (enhanced night vision goggles), which will further deepen the scope of the market in the region.
Key Players
American Technologies Network Corp. (U.S.), BAE Systems plc (U.K), Bharat Electronics Limited (India), Elbit Systems Ltd. (Israel), FLIR Systems, Inc. (U.S.), Harris Corporation (U.S.), L3 Technologies Inc. (U.S.), Meopta Optica S.R.O (Czech Republic), Rockwell Collins, Inc. (U.S.), and Thales Group (France) are some of the key players operating in the market.
Thales Group, BAE Systems, L3 Technologies, Rockwell Collins, and Harris Corporation are the leading players and together accounted for nearly 70% of the market share in 2017.
Objective of the Global Military Night Vision Device Market Report – Forecast till 2024
• To provide insights into factors influencing the market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on device type, technology, application, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market
Target Audience
• Defense Companies
• Component Providers
• Investment Agencies
• Government and Regulatory Authorities
Key Findings
• The global military night vision device market in this report has been segmented on the basis of device type into three, namely, goggle, camera, and scope. The goggle segment market is projected to register the highest CAGR of 11.37% during the forecast period.
• The global military night vision device market has been segmented, by technology, into image intensifier, thermal imaging, and infrared illumination. The image intensifier segment market is projected to register the highest CAGR of 11.15% during the forecast period.
• The global military night vision device market in this report has been segmented on the basis of application into four segments, namely surveillance, navigation, targeting, and others. The surveillance segment market is projected to register the highest CAGR of 11.52% during the forecast period.
• North America would dominate the military night vision device market by 2024. It is expected to register a CAGR of 10.81% during the forecast period. It is expected to reach a market size of USD 1,948.8 million by 2024.
The regional analysis also includes:
• North America
o U.S.
o Canada
• Europe
o France
o U.K
o Germany
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Australia
o Rest of Asia-Pacific
• Middle East & Africa
o UAE
o Saudi Arabia
o Israel
o Rest of Middle East & Africa
• Latin America
o Brazil
o Mexico
o Peru
o Chile
o Rest of Latin America
Global Infrared LED Market: Market Segments: By Spectral Range (700nm-850nm, 850nm-940nm, 940nm-1020nm, 1020nm-1720nm); By Application (Biometrics, Imaging, Lighting, Remote Sensing, Surveillance); By Sector (Aerospace& Defense, Automotive, BFSI, Consumer Electronics, Education, Healthcare, Industrial, Retail); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Rising terrorist attacks and focus on counter operations
4.2.2 Increasing incidences of border trespassing and focus on border protection
4.3 Restraint
4.3.1 Increased use of drones
4.4 Opportunities
4.4.1 Changing nature of warfare
4.4.2 Increase in military spending
4.5 Trend
4.5.1 Integration of night vision device with tactical headset
5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Bargaining Power of Buyers
5.1.4 Threat of Substitutes
5.1.5 Rivalry
5.2 Supply Chain
6 Global Military Night Vision Device Market, By Device Type
6.1 Overview
6.1.1 Goggle
6.1.2 Camera
6.1.3 Scope
7 Global Military Night Vision Device Market, By Technology
7.1 Overview
7.1.1 Image Intensifier
7.1.2 Thermal Imaging
7.1.3 Infrared Illumination
8 Global Military Night Vision Device Market, By Application
8.1 Overview
8.1.1 Surveillance
8.1.2 Navigation
8.1.3 Targeting
8.1.4 Others
9 Global Military Night Vision Device Market, By Region
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.1.1 U.S. by Device Type
9.2.1.2 U.S. by Technology
9.2.1.3 U.S. by Application
9.2.2 Canada
9.2.2.1 Canada by Device Type
9.2.2.2 Canada by Technology
9.2.2.3 Canada by Application
9.3 Europe
9.3.1 U.K
9.3.1.1 U.K by Device Type
9.3.1.2 U.K by Technology
9.3.1.3 U.K by Application
9.3.2 France
9.3.2.1 France by Device Type
9.3.2.2 France by Technology
9.3.2.3 France by Application
9.3.3 Germany
9.3.3.1 Germany by Device Type
9.3.3.2 Germany by Technology
9.3.3.3 Germany by Application
9.3.4 Russia
9.3.4.1 Russia by Device Type
9.3.4.2 Russia by Technology
9.3.4.3 Russia by Application
9.3.5 Rest of Europe
9.3.5.1 Rest of Europe by Device Type
9.3.5.2 Rest of Europe by Technology
9.3.5.3 Rest of Europe by Application
9.4 Asia Pacific
9.4.1 China
9.4.1.1 China by Device Type
9.4.1.2 China by Technology
9.4.1.3 China by Application
9.4.2 India
9.4.2.1 India by Device Type
9.4.2.2 India by Technology
9.4.2.3 India by Application
9.4.3 Japan
9.4.3.1 Japan by Device Type
9.4.3.2 Japan by Technology
9.4.3.3 Japan by Application
9.4.4 South Korea
9.4.4.1 South Korea by Device Type
9.4.4.2 South Korea by Technology
9.4.4.3 South Korea by Application
9.4.5 Australia
9.4.5.1 Australia by Device Type
9.4.5.2 Australia by Technology
9.4.5.3 Australia by Application
9.4.6 Rest of Asia Pacific
9.4.6.1 Rest of Asia Pacific by Device Type
9.4.6.2 Rest of Asia Pacific by Technology
9.4.6.3 Rest of Asia Pacific by Application
9.5 Middle East & Africa
9.5.1 UAE
9.5.1.1 UAE by Device Type
9.5.1.2 UAE by Technology
9.5.1.3 UAE by Application
9.5.2 Saudi Arabia
9.5.2.1 Saudi Arabia by Device Type
9.5.2.2 Saudi Arabia by Technology
9.5.2.3 Saudi Arabia by Application
9.5.3 Israel
9.5.3.1 Israel by Device Type
9.5.3.2 Israel by Technology
9.5.3.3 Israel by Application
9.5.4 Rest of Middle East & Africa
9.5.4.1 Rest of Middle East & Africa by Device Type
9.5.4.2 Rest of Middle East & Africa by Technology
9.5.4.3 Rest of Middle East & Africa by Application
9.6 Latin America
9.6.1 Brazil
9.6.1.1 Brazil by Device Type
9.6.1.2 Brazil by Technology
9.6.1.3 Brazil by Application
9.6.2 Mexico
9.6.2.1 Mexico by Device Type
9.6.2.2 Mexico by Technology
9.6.2.3 Mexico by Application
9.6.3 Peru
9.6.3.1 Peru by Device Type
9.6.3.2 Peru by Technology
9.6.3.3 Peru by Application
9.6.4 Chile
9.6.4.1 Chile by Device Type
9.6.4.2 Chile by Technology
9.6.4.3 Chile by Application
9.6.5 Rest of Latin America
9.6.5.1 Rest of Latin America by Device Type
9.6.5.2 Rest of Latin America by Technology
9.6.5.3 Rest of Latin America by Application
10 Competitive Landscape
10.1 Competitive Scenario
10.2 Market Share Analysis
11 Company Profiles
11.1 American Technologies Network Corp.
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Product Offerings
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategy
11.2 BAE Systems plc
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offerings
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategy
11.3 Bharat Electronics Limited (BEL)
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Product Offerings
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategy
11.4 Elbit Systems Ltd.
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products Offerings
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategy
11.5 FLIR Systems, Inc.
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offerings
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategy
11.6 Harris Corporation
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Product Offerings
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategy
11.7 L-3 Technologies Inc.
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Products Offerings
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Key Strategy
11.8 Meopta – Optica S.R.O
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Products Offerings
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Key Strategy
11.9 Rockwell Collins, Inc.
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products Offerings
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Key Strategy
11.10 Thales Group
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Product Offerings
11.10.4 Key Developments
11.10.5 SWOT Analysis
11.10.6 Key Strategy
12 Conclusion
13 Appendix
13.1 References
