The report "Night Vision Device Market by Device Type (Camera, Scope, Goggle), Technology, By Application (Military, Surveillance, Security, Hunting, Navigation, Hidden Object Detection, Paranormal Research, and Others) and by Geography - Global Forecast to 2020", The night vision device market was valued at USD 5.07 Billion in 2015, and is projected to reach USD 7.73 Billion by 2020, at a CAGR of 8.8% from 2015 to 2020.
Download Informational PDF Brochure :- http://www.marketsandmarkets.com/pdfdownload.asp?id=116489964
Browse 81 market data tables and 85 figures spread through 125 pages and in-depth TOC on "Night Vision Device Market - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.
Night vision devices are used for various purposes in military, surveillance, security, hunting, navigation, hidden object detection, and paranormal research. As the frequency of sophisticated attacks is gaining importance, the market is expected to gain traction between 2015 and 2020.
Night vision device plays a key role in the military segment
Military segment is expected to have a large market share due to the increasing arm conflicts and modernization programs worldwide. Surveillance segment is expected to grow at a high CAGR, followed by military segment, as the devices are used on a large-scale to facilitate tracing of unwanted or suspicious movements of humans or vehicles at night.
Global night camera segment accounts for a large share in the market
Night vision camera segment accounted for a large share in the global night vision device market in 2015. The night vision goggle segment is expected to grow at the second highest CAGR, owing to the increasing demand from the military and defense sector.
North America expected to contribute a large market share, APAC to grow at a rapid rate
North America is expected to have a large market
share from 2015 to 2020, due to the presence of large number of vendors.
APAC offers potential growth opportunities, as there is a constant
upgradation in technology as well as an increase in the use of night
vision devices for civil and commercial applications.
The major vendors in the night vision market are Flir systems, Exelis Inc., L-3 communications, American technologies network corp., Elbit systems, Rockwell Collins Inc., BAE systems and Thales group S.A.
Speak to Research Expert for more Info :- http://www.marketsandmarkets.com/speaktoanalyst.asp?id=116489964
The scope of the report covers detailed information regarding the major factors influencing the growth of the night vision device market such as drivers, restraints, challenges and opportunities. A detailed analysis of the key industry players is undertaken to provide insights into business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the night vision devices market.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets