Military Night Vision Device Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

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Overview and Scope
Military night vision devices are a range of devices designed to be used by military personnel to navigate, surveil, and engage targets in low-light or complete darkness. They are used by soldiers to improve visibility in low-light settings, give a tactical edge in the dark, and detect potential dangers before launching an assault.

Sizing and Forecast
The military night vision device market size has grown rapidly in recent years. It will grow from $4.39 billion in 2023 to $4.86 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to military modernization initiatives, threat perception and national security, counterinsurgency operations, urban warfare and special operations, global peacekeeping missions.

The military night vision device market size is expected to see strong growth in the next few years. It will grow to $7.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to enhanced connectivity and communication, cybersecurity and electronic warfare concerns, rise in asymmetric warfare, focus on energy efficiency, global climate change considerations. Major trends in the forecast period include thermal imaging technology, integration of augmented reality (ar) features, miniaturization and lightweight designs, digital night vision, fusion night vision systems, wireless connectivity and data sharing.

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The military night vision device market covered in this report is segmented –

1) By Type: Camera, Goggles, Monocular And Binoculars, Rifle Scope, Other Types
2) By Technology: Thermal Imaging, Image Intensifier, Infrared Illumination, Other Technologies
3) By Application: Surveillance, Targeting, Navigation, Other Applications
4) By End User: Military Segment, Civil Segment

Asia-Pacific was the fastest growing region in the military night vision devices market in 2023. The regions covered in the military night vision device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rising terrorist attacks are expected to propel the growth of the military night vision devices market going forward. Terrorist activities refer to a rise in the number and severity of violent acts committed by individuals or groups to cause harm, fear, or disruption to society. Military night vision systems aid in the prevention of terrorist attacks by enabling military personnel to see in low-light circumstances and detect possible threats before they can carry out an assault. For instance, in March 2023, according to the global terrorism index 2023, in 2022, the deaths per terrorist attack rise by 0.4 on an average in 2022. Terrorist attacks have become more lethal by killing an average of 1.7 people per attack as compared to 1.3 deaths per attack in 2021. Further, in 2022, a total of 6,701 deaths were reported due to terrorist activities. Therefore, the rising terror attacks will drive the military night vision devices market.

Key Industry Players
Major companies operating in the military night vision device market report are American Technologies Network Corporation, Teledyne FLIR LLC, L3 Harris Technologies Inc., Thales Group SA, British Aerospace plc, Elbit Vision Systems Ltd., Bharat Electronics Limited, Meopta USA Inc., Newcon Optik, Rockwell Collins Inc., Collins Aerospace, Bushnell Corporation, Luna optics Inc., ABB Ltd., Kuka AG, Armasight, Night Optics USA, Bering Optics, Hard Head Veterans LLC, Custom Night Vision, FLIR Systems Inc., Harris Corporation, ITT Corporation, OpticsPlanet Inc., Yukon Advanced Optics, Sightmark LLC, Carl Zeiss Sports Optics GmbH, Trijicon Inc., US Night Vision Corp., Vortex Optics

The military night vision device market report table of contents includes:

1. Executive Summary

2. Military Night Vision Device Market Characteristics

3. Military Night Vision Device Market Trends And Strategies

4. Military Night Vision Device Market – Macro Economic Scenario

5. Global Military Night Vision Device Market Size and Growth
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31. Global Military Night Vision Device Market Competitive Benchmarking

32. Global Military Night Vision Device Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Military Night Vision Device Market

34. Military Night Vision Device Market Future Outlook and Potential Analysis

35. Appendix

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