(PharmaNewsWire.Com, May 26, 2017 ) According to Publisher, the Global Night Vision Device market is expected to grow from $6.74 billion in 2016 to reach $12.24 billion by 2022 with a CAGR of 10.4%. Growing concern for nation security, cheaper devices when compared to thermal imaging devices and raising adoption of night vision device from military & defense sectors are the major factors fuelling the market growth. Furthermore, recent technological developments of night vision devices are another factor bolstering the market. On the other hand, high manufacturing cost is hindering the market growth.
Amongst devices, Night vision goggle segment acquired the largest market share during the forecast period. The growth is due to the increasing adoption from military & defense segments. North America leads the night vision devices market during the forecast period. On the other hand, Asia Pacific is anticipated to grow at the highest CAGR during the forecast period. This growth is attributed to increasing developing countries nation security budgets.
Some of the key players in global night vision device market include American Technologies Network Corp., Armasight, BAE Systems, Elbit Systems, Exelis Inc., Flir Systems, Hoffman Engineering Corporation, Intevac Inc., L3 Communication, Newcon Optik, Optix Co., Proxivision Gmbh, Rockwell Collins, Inc., Sofradir EC, and Thales Group S.A.
Regions Covered: -North America-US-Canada-Mexico -Europe-Germany-France-Italy-UK -Spain -Rest of Europe -Asia Pacific-Japan-China-India-Australia-New Zealand-Rest of Asia Pacific -Rest of the World-Middle East-Brazil-Argentina-South Africa-Egypt
Company Profiling 11.1 American Technologies Network Corp. 11.2 Armasight 11.3 BAE Systems 11.4 Elbit Systems 11.5 Exelis Inc. 11.6 Flir Systems 11.7 Hoffman Engineering Corporation 11.8 Intevac Inc. 11.9 L3 Communication 11.10 Newcon Optik 11.11 Optix Co. 11.12 Proxivision Gmbh 11.13 Rockwell Collins, Inc. 11.14 Sofradir EC 11.15 Thales Group S.A
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