Published on : Dec 06, 2017
ALBANY, New York, December 06, 2017: ResearchMoz.us has recently added a new report, titled, “Global Military Night Vision Device Market 2017-2021,” to its repository. According to the report, the global military night vision device market will expand at a CAGR of 5.3% during the period from 2017 to 2021. Some of the factors linked to the growth of this market are increasing terrorist activities and technology advancements increasing the night vision capabilities. Increasing covert operations carried out by armed forces to locate and beat terrorists is driving the global military night vision device market. A key trend in the market that is expected to stay is the demand for night vision devices that have thermal imaging. Devices that stream live video feed from thermal weapon sight via Bluetooth were developed by BAE Systems in 2015. Such developments are useful for soldiers to acquire targets.
On the basis of product, the market is segmented into wearable and hand-held night vision devices, gun and platform-based night vision devices, and night vision cameras. Of these, the wearable and hand-held night vision devices segment is leading and shall continue to do so, throughout the forecast period. These devices offer ground soldiers a hands-free operation by having the facility to be attached to an operator’s vest or helmet. This will drive their demand. On the basis of geography, the market is segmented into the Americas, Asia Pacific, Europe, and the Middle East and Africa. Of these, the market for military night vision will be most lucrative in the American countries, and thus, the Americas is expected to lead in the market. On account of the growing drug trafficking and cross border smuggling are key reasons behind the growth of the market in this part of the world.
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Key vendors operating in the global military night vision device market are studied in this report. They are: BAE Systems, BEL, FLIR Systems, Harris, Elbit Systems, Rockwell Collins, L3 Technologies, and Thales. These players are competing with each other on the basis of factors such as aftermarket service, product quality, cost, and reliability. The business and financial overview of the top players and their recent developments have been included in the report. The report also studies the challenges faced by these players. The strategies adopted by players to expand their market shares are also revealed. Information on strategic mergers and acquisitions, collaborations, and partnerships is also given.
The report is a comprehensive study of the global military night vision device market and includes its classification, application, and definition. The key factors boosting the growth and those that adversely impact the progress of the market have been studied in much detail. The current trends in the market, along with future opportunities have been identified in the research report.
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