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Night Vision Devices Market – Overview

The global night vision devices market is expected to grow at a promising rate from 2021 to 2031. Rising defense investments, growing need for sophisticated and better quality night vision equipment and advancement in technology are the major factors likely to drive the growth of the global market. night vision device market. Additionally, wireless night vision devices, thermal imaging based night vision devices and lightweight night vision devices are recent developments in the night vision devices market which are expected to create tremendous potential for growth in the market. market.

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Night Vision Devices Market – Competitive Landscape

Key Players of Night Vision Devices Market are FLIR® Systems, Inc., Thales Group, BAE Systems Plc, Collins Aerospace, L3 Technologies, Inc., Elbit Systems Ltd., Bharat Electronics Limited, Harris Group Inc., American Technologies Network Corp. ., and SATIR.

To gain greater market share, these companies are constantly investing in strategic alliances with governments. The combination of stringent government regulation and high production costs creates competition between these companies. Overall, the degree of competition remains high, mainly due to the significant presence of the main competitors in the market.

Thales has introduced XTRAIM, a revolutionary weapon sight that offers day/night camouflage capabilities previously only possible with a variety of equipment. It is compatible with all light machine guns (Minimi) and shoulder-mounted assault rifles (HK416), allowing users to fire with remarkable accuracy at night.

Night Vision Devices Market – Trends and Opportunities

The growing use of night vision devices in the military and defense sectors is one of the major reasons expected to drive the global night vision devices market. Moreover, its numerous advantages such as recognition and identification performance, low power and low cost, high resolution and ability to identify individuals are expected to drive the global night vision devices market. Additionally, increasing military budgets in various countries and upgrading of current defensive technologies are expected to aid in the expansion of the market.

To prevent the spread of COVID-19, governments around the world are adopting harsh surveillance techniques. Additionally, to combat the pandemic, companies are evolving their business continuity models by investing in innovative models. Drones equipped with night vision cameras can help police locate gatherings while adhering to social distancing standards. The technology also makes it possible to identify people who do not wear a mask in public places.

For example, in May 2020, the Italian Civil Aviation Authority (ENAC) and the Italian government authorized the use of modern drones equipped with night vision cameras to track the movements of the public during the coronavirus epidemic. This method has helped the government deal with the coronavirus crisis. In addition, thermal imaging night vision devices are currently in the spotlight, as these devices can detect elevated body temperature in a person.

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Night Vision Devices Market – Regional Landscape

The North America night vision devices market is expected to grow over the forecast period. The increasing number of security breaches in many countries in this region is expected to increase the demand for night vision devices. Additionally, increasing use of the products in surveillance and heightened security measures in the United States and Canada are expected to benefit the growth of the regional market. Additionally, rising military and defense spending is expected to boost the sales of night vision devices market in North America.

The Asia-Pacific night vision devices market is expected to grow over the forecast period owing to the increased use of advanced military gadgets and a rising propensity to utilize advanced and cost-effective technological devices in this field. Additionally, increasing military budgets in emerging countries are expected to drive the development of night vision devices market in this region.

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TMR Research is a leading provider of custom market research and advisory services to business entities seeking to succeed in today’s supercharged economic climate. Backed by a team of experienced, dedicated and dynamic analysts, we redefine the way our clients do business by providing them with authoritative and reliable research studies, in line with the latest methodologies and market trends.

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