Night Vision Devices Market Analysis and Market Trends 2015-2020 by IndustryARC

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Night Vision Devices Market
Forecast (2015 - 2020)

Night Vision Devices Market Forecast (2015 - 2020)
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Night Vision Devices Market: Type (Night Vision Goggles, Night Vision
Monocular, Night Vision Binocular) Components (Image Intensifier
Tubes, Micro Channel Plates); Application (Military, Security,
Surveillance, Search, Rescue)-Forecast(2015-2020)

Night Vision Devices (NVD) enable visibility of the objects in dark surroundings or low
intensity light areas. The ability to recognize and distinguish targets during poor visibility
conditions has been a crucial necessity. Night Vision devices has been very prominent in the
field of Military/Defense, the equipment such as Night Vision Goggles, Night Vision
Binoculars, Night Vision Scopes provide assistance to the solider during dark. Night Vision
Devices have successful application in other sectors such as Security, Surveillance, Search and
Rescue, etc.
Night Vision Devices Market Overview
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 According to IndustryARC’s Report on Night Vision Devices, the Market is estimated to
grow to $20.5 billion in 2020 at a CAGR of 7%. The growing demand for night vision
devices in the commercial sector is set to drive the market primarily.
 The Night Vision Device Market generated revenue of $5.89 billion in the Military
Market in 2014. This market is estimated to grow at a low rate of nearly 2% CAGR
through 2020.
Night Vision Devices Market Estimations
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Market Revenue
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Global Night Vision Devices Market Revenue, By Category, 2014 (%)

 FLIR Completed acquisition of Lorex Technology, an online portal for night vision and
other security devices, for $60 Million in 2014.
 Night vision cameras and goggles remain the largest markets accounting for nearly
90% of the market combined.
 Growing military budgets will propel adoption of night vision devices in the APAC
region, particularly in China and India.
Key Market Insights of Night Vision Devices Market
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 By 2017, Hidden object detection will become the largest market for night vision
devices surpassing military applications
 Military modernisation programs will continue to present a large market for night
vision devices.
 Performance issues with focal shift, color and sensitivity will hinder adoption in the
security market.
Key Market Insights of Night Vision Devices Market
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Night Vision Devices Market is precisely segmented into 4 broad segments based on these
factors:
 By Category: Scopes, Goggles, Cameras and Others.
 By Components: Image Intensifier Tubes, Front Lens, Photo Cathode, Micro Channel
Plate, High Voltage Power Supply, Phosphor Screen , Eyepiece and Others.
 By Application: Military, Hunting, Surveillance, Security, Navigation, Hidden Object
Detection, Paranormal Research and Others
 By Geography: Americas, Europe, APAC and ROW.
Night Vision Devices Market Segmentation
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Mentioning the leading competitors of the Night Vision Devices Market which are
studied and mentioned in this report:
 FLIR Systems Inc.
 Raytheon Group
 ATN Corporation
 Exelis Inc.
 L-3 Warrior Systems.
Key Market Players of Night Vision Devices Market
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Analytical Method Base Model Consolidated Model Delphi VerificationBase Method Consolidation Method
1. Granular breakdown of
drivers into factors
2. Validating all factors in
terms of their present
impact on the market.
3. Assigning weights to
these factors in terms of
their relevance & impact
on the market.
4. Build the
1. Get a top down Estimate
of the market
2. Follow it up with a
bottom up estimate of the
market.
3. Check for consistency
and new growth factors
that that are relevant over
the next 10 Years
4. Build the
1.Granular breakdown of
the drivers into factors
2. Validating all factors in
terms of their present
impact on the market.
3. Assigning weights to
these factors in terms or
their relevance & impact
on the market.
4. Build the
1. Verify the findings of
the model with experts
from across the value
chain.
2. Verify the findings with
players across small and
large enterprises
3. Tweak the model and
add new factors
4. Finalize the
Base model Consolidated Model ARC Model
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AnalyticalModel
BaseModel
ConsolidatedModel
ARCModel
Analytical Model
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Night Vision Devices Market Analysis and Market Trends 2015-2020 by IndustryARC

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Night Vision Devices Market Analysis and Market Trends 2015-2020 by IndustryARC