23 May 2019, Global night-vision
goggles market is anticipated to witness an exponential growth in the
forecast period. Night vision goggles amplify the available light using image
enhancement technology with infrared light technology. Night vision goggles
allow soldiers and night fighters to see movement and shoot even during reduced
visibility or during night.
The factors that propel the growth of the night-vision goggles market
include small size and light weight, low power requirement, low cost of
goggles, night vision goggles offer maximum viewing range that could be from
100 feet to 400 feet, and increasing demand from militaries. On the other hand,
there are factors that may hamper the growth of the market including the fact
that normal field of view may cut down from 190 degrees to 40 degrees, thereby
producing a narrow field of sight, and sharpness reduces as the distance
increases.
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The market is anticipated to expand at a significant CAGR
in the upcoming period as the scope, product types, and its applications are
increasing across the globe. Market could be explored by range, technology,
application, and geography. Market could be explored by range as intensity
range and spectral range. Based on technology, the market could span image
enhancement and thermal imaging.
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| Night-vision Goggles Market |
The key applications that could be explored in the market
include hunting, security, military and others. The “Military” segment led the
night vision goggles market in 2017 and will continue to lead in the forecast
period. The key factors that may be attributed to the growth of market include
increasing demand from militaries and growing modernization programs and arm
conflicts worldwide.
North America accounted for the major share of the
night-vision goggles industry in 2017 and will continue to lead in the forecast
period. The factors that could be attributed to the growth include army and
military requirements, increasing cross-border smuggling activities and
drug-trafficking and increasing demand. North America is followed by
Asia-Pacific region owing to high demand in the region which is driven by
surveillance and security requirements. In addition, Asia-Pacific is followed
by Middle East and Africa and Eastern Europe region in the years to come.
Some of the key players that fuel the growth of the night
vision goggles market comprise Nivisys, LLC, ATN Corporation, PYSER-SGI
LIMITED, Newcon Optik, Tata Advanced Systems Limited, Starlight NV Ltd, General
Starlight Co, Inc., Harris Corporation and Dipol Ltd. The leading companies are
taking up partnerships, mergers and acquisitions, and joint ventures in order
to boost the inorganic growth of the industry.
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