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Night Vision Device Market Trends, Growth Drivers, and Challenges forecast 2022-2029

[168 Pages Report] The night vision device market size was valued at USD 4.66 Billion in 2019, and is projected to reach USD 8.02 Billion by 2027 growing at a CAGR of 8.8% during the forecast period. The Night Vision Device industry report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Night Vision Device Market by region.

  • Fortune Business Insights says that the market value stood at US $ 4.66 Billion in 2019
  • By 2027, the Night Vision Device Market size is expected to reach US $ 8.02 Billion
  • The market is expected to grow at a CAGR of 8.8% in the forecast period (2020-2027).
  • The growth rate of the Global Night Vision Device Market is 8.8%, with an estimated value of US $ 8.02 Billion million by 2027.

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Pre-Post COVID-19 Impact on Global Night Vision Device Market

COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. 

In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Night Vision Device Market, since end-user industries were still not operating at their full capacity.

Who are the Major Night Vision Device Market Vendors?

  • BAE System Plc (Farnborough, United Kingdom)
  • Leonardo S.p.A. (Rome, Italy)
  • Thales Group (La Défense, France)
  • Elbit Systems of America, LLC (ELBIT SYSTEMS LTD) (Fort Worth, Texas, United States)
  • FLIR Systems, Inc. (Wilsonville, Oregon, United States)
  • Night Vision Devices, Inc. (Pennsylvania, United States)
  • N-Vision Optics, LLC (Massachusetts, United States)
  • Safran Vectronix AG (Heerbrugg, Switzerland)
  • Adams Industries, Inc. (Los Angeles, California, United States)  
  • Excelitas Technologies Corp. (Waltham, Massachusetts, United States)
  • Opgal Optronic Industries Ltd. (Israel)
  • Dali Technology Co., Ltd. (Zhejiang, China)

Secondary Research:

This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Estimation of Market Size

The total size of the Night Vision Device Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:

Extensive secondary research was used to identify the industry’s key players.

The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.

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FAQs:

  • How big is the Night Vision Device Market?
  • What is Night Vision Device Market?
  • Who is the market leader in Night Vision Device?
  • Who are the major players in Night Vision Device?
  • What is the future of Night Vision Device Industry?
  • What are the fastest growing industries?

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Carlton is the contributing author of electronic security. His field of communication is fascinating since he writes about that side of the industry which is costly, less used but more inclined upon by developed countries. Electronic securities have been seeing an upward graph nowadays, but the current scenario still needs to be changed. Carlton’s articles reflect the real happening wrapped up in formally written words.

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