The night vision system in the military enables soldiers to carry out vital military operations in low-light conditions during the night. Army in various countries is collaborating with several defense technology companies to bring out the latest innovations for enhanced night vision systems. Besides, increasing expenditure by the government in defense and military is further expected to boost the night vision system in the military market.
MARKET SCOPE
The "Global Military Night Vision System Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military night vision system market with detailed market segmentation by product type, technology, application, and geography. The report provides key statistics on the market status of the leading military night vision system market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- On the basis of product type, the market is segmented as camera, scopes, goggles.
- Based on technology, the market is segmented into image intensifier, infrared illumination, laser.
- Based on application, the market is segmented as surveillance, navigation, targeting, others.
MARKET DYNAMICS
Drivers:
- Increasing incidents of border trespassing and terrorist attacks.
- Shifting focus on counter operations for border protection.
- Continous high expenditure by government bodies for strengthening military and defense
Restraints:
- Rising use of drones might replace the need for military night vision system.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The military night vision system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the military night vision system market in these regions
IMPACT OF COVID-19 ON MILITRAY NIGHT VISION SYSTEM MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption is expected to leave an impact on the defense industry through till mid-2021. The military night vision market players experienced a slowdown in the volumes attributing to the fact that the production units were operating with a limited workforce. This has had a negative impact on the market.
On the contrary, demand for defense related products such as military night vision systems is projected to gain momentum in coming period owing to financial assistance allocated prior to the pandemic.
MARKET PLAYERS
The report covers key developments in the military night vision system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from military night vision system market are anticipated to lucrative growth opportunities in the future with the rising demand for military night vision system in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military night vision system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ATN Corp
- BAE Systems
- Bharat Electronics Limited (BEL)
- Collins Aerospace
- Elbit Systems Ltd.
- FLIR Systems, Inc.
- Intevac, Inc.
- L3Harris Technologies, Inc.
- Photonis Technologies SAS
- Thales Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.