Night Vision Camera Market by Geography, Technology & Application - Global Forecast to 2020

 patricia holloway
  3rd-Jan-2019
 566

The night vision device market​ was valued at USD 5.07 Billion in 2015, and is expected to grow at a CAGR of 8.8% from 2015 to 2020, to reach USD 7.73 Billion by 2020. Night vision devices have been used from the time of World Wars, as they help in high speed imaging and have the ability to detect objects at a long distance. The report aims at estimating the market size and future growth potential of night vision device market across different segments such as device, technology, application and geography. The base year considered for the study is 2014, and the market size is forecast from 2015 to 2020. The increasing military expenditure, along with rising need for technologically advanced night vision devices is driving the growth of the market.

Night vision device plays a key role in the military segment

Military segment is expected to have a large market share due to the increasing arm conflicts and modernization programs worldwide. Surveillance segment is expected to grow at a high CAGR, followed by military segment, as the devices are used on a large-scale to facilitate tracing of unwanted or suspicious movements of humans or vehicles at night.

Night Vision.jpg

PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116489964

Global night camera segment accounts for a large share in the market

Night vision camera segment accounted for a large share in the global night vision device market in 2015. The night vision goggle segment is expected to grow at the second highest CAGR, owing to the increasing demand from the military and defense sector.

North America expected to contribute a large market share, APAC to grow at a rapid rate

North America is expected to have a large market share from 2015 to 2020, due to the presence of large number of vendors. APAC offers potential growth opportunities, as there is a constant upgradation in technology as well as an increase in the use of night vision devices for civil and commercial applications.

Domain: Electronics
Category: Displays
Contributing Organization:
Posted By: patricia holloway and Contact patricia holloway
Space is limited, so register today!

Recent Press Releases

Break the Diet Cycle with the 131 Me...

It’s always helpful to have a mentor who can help you work toward your goals and answer questions along your health journey. As such, the 131 Method provides access to a whole team

24 January, 2019

2019 to 2024 Icatibant Acetate (CAS ...

MarketResearchNest.com adds “Icatibant Acetate (CAS 138614-30-9) Market Insights 2019, Global and Chinese Analysis and Forecast to 2024” new report to its research data

24 January, 2019

Global and Chinese Etizolam (CAS 400...

MarketResearchNest.com presents “Etizolam (CAS 40054-69-1) Market Insights 2019, Global and Chinese and Chinese Analysis and Forecast to 2024” new Research to its studi

24 January, 2019