Night Vision Scopes Market Size, Share & Industry Analysis, By Product (Glimmer Night Vision Scope, Infrared Night Vision Scope, Others), By Type (Day-Night Systems, Night Vision Monocular, Digital Night Vision Goggles, Telescopic Slights, Prism Slights, Laser Boresights), By Application (Government, Military & Defence, Commercial, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Night vision scopes are a technologically advanced electro optical system that is used to detect an object in limited light. Night vision scopes are the combination of objective lens,microchannel plate,phosphor screen and ocular lens.It are moncular devices that are mounted on military rifle for targeting & surviliance. NVD Rifle scope are waterprrof as well as camera adaptable. The laser range finder scope uses a laser beam to provide more accurate target recognisation.
The factors expected to drive the market is the increasing demand of night vision scope from the People's Liberation Army (China) and the Indian Army to improve the battlefield operation techniques. Moreover, the increasing terrorism activities across the world is anticipated to boost the market. Need to develop scalable night vision scopes systems and high demand for night vision scopes for defence applications are the upcoming opportunities for the market. However, high cost is associated to build night vision scopes is affecting the market growth.
Key Market Driver -
The increasing demand of night vision scope for Armed Forces
Key Market Restraint -
Public Safety Concerns
Market Segmentation:
By product, the market is segmented into glimmer night vision scope, infrared night vision scope, and others. Based on type, the market is segmented into day-night systems, night vision monocular, digital night vision goggles, telescopic slights, prism slights, and laser boresights. Based on application, the market is categorized into government, military & defence, commercial, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.
Key Players Covered:
The major companies in the global night vision scopes market report includes ATN Corporation(The U.S.), Bering Optics (The U.S.), Carl Zeiss AG( Germany),FLIR Systems (The U.S.), L3Harris Technologies, Inc. (The U.S.), Leica Camera AG (Germany), Newcon Optik (Canada), Sightmark( The U.S.), Summit Night Vision Group LLC( The U.S.),Thales Group (France), Tonbo Imaging(India), and among others.
Key Insights
- The Necessity of Night Vision Scopes System in the Defence Forces
- The Increasing Need to Develop Versatile and Scalable Night Vision Scopes Systems
Regional Analysis:
The night vision scopes market has been segmented into North America, Europe, Asia Pacific, and Rest of the world. North America estimated to be the largest market during the forecast period. The growth in the region is owing to the presence of key companies such as ATN Corporation, Bering Optics, FLIR Systems, and L3Harris Technologies, Inc. are projected to boost the market.
Asia-Pacific anticipated to be the fastest-growing region during the forecast period. This growth is attributed to the increasing terrorist activities in the South-Asian country such as India and Bangladesh are helping to grow the market. Europe registers a significant growth during the forecast period owing to the increasing funding from key players to develop technologically advanced night vision scopes. In the Rest of the world, the increasing adoption of night vision scopes for paramilitary forces are propelling the market in Latin America and Middle East & Africa.
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Segmentation
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Night Vision Scopes Market Industry Developments
- In Jan 2019, The U.S. marine corps and Harris Corporation has been signed a contract with a valuation of USD 250 million to provide binocular style night vision scopes to improve the targeting capacity of the U.S Marine Force.
- Ongoing
- 2023
- 2019-2022
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