Global Night Vision Scopes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Night Vision Scopes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Night Vision Scopes market finds that the global Night Vision Scopes market reached a value of USD 1064.0 million in 2022. It’s expected that the market will achieve USD 1726.0 million by 2028, exhibiting a CAGR of 8.4% during the forecast period.

Government use of products

The use of products by the government has led to strict regulations and regulations on products that pose a major challenge to major players. In the conventional context, the quality level of products is usually divided into three levels: military, industrial and commercial. The military grade is the highest and the commercial grade is the lowest. Strictly speaking, military grade must fully meet the military standard of the product and have a complete acceptance system. The high military standard is a major challenge for night vision scopes manufacturers. Its high standards require huge manufacturing costs, and the reduction in operating profit limits the development of the market.

Advances in Innovation and Technology for Night Vision Scopes

The reduction in the size and weight of night vision scopes and the reduction in energy consumption and unit price have jointly promoted the development of night vision scopes technology. Combining thermal imaging technology and image enhancement technology into one device enables fast target capture and greatly enhances situational awareness. The system now developed can highlight individual soldiers in the background. In addition to improving threat detection and identification capabilities under all conditions of use, night vision scopes will also become shorter. When designing the device, the producers not only considered the improvement of functions, but also improved its shape and applicability Therefore, the development of night vision scopes technology and innovative improvements will be the development opportunities for this market.

Fluctuations in Raw Material Prices

The production cost of night vision scopes products is high, so the price of raw materials directly affects the profit of manufacturers, and the price fluctuation of raw materials of products will pose a challenge to the development of the market. If the company's raw material prices fluctuate, and the company cannot effectively transfer the pressure of rising raw material prices to the downstream or cannot offset the pressure of rising costs through technological innovation, or fail to manage inventory in the process of price decline, it will It will adversely affect the company and will affect the normal operation of the market.

Region Overview:

USA is projected to account for a considerable share of the Night Vision Scopes market and is expected to become the largest region by 2028.

Company Overview:

Raytheon Company is one of the major players operating in the Night Vision Scopes market, holding a share of 15.37% in 2023.

Raytheon Company

Raytheon Company is a technology company specializing in defense, homeland security, and other government markets throughout the world. The Company provides electronics, mission systems integration, and other capabilities in the areas of sensing, effects, and command, control, communications and intelligence systems, as well as mission support services.

Elbit Systems

Elbit Systems Ltd. designs, develops and provides integrated defense systems. The company also designs, develops, manufactures, sells and supports military electronic systems and products, including: military aircraft and helicopter systems, helmet mounting systems, commercial aviation systems and aviation structures, unmanned aircraft systems and unmanned surface ships, electro-optics and countermeasures Systems, land vehicle systems, command, control, communications, computer and intelligence (C4I) systems, etc.

Segmentation Overview:

By type, Thermal Imaging segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Military segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Night Vision Scopes market covered in Chapter 3:

ATN
Lahoux
Tonbo Imaging
BAE Systems
Safran
Night Owl Optics
Yukon
Zeiss
Newcon Optik
Trijicon
Luna Optics
3E EOS
Bering Optics
Sig sauer
Leonardo DRS
Schmidt & Bender
Thales Group
Sightmark
Bushnell
Apresys, Inc.
Leupold & Stevens
Nivisys
Raytheon Company
L3 Harris
Seiler Instrument
N-2 imaging
Qioptiq
Flir Systems
Elbit Systems
Iray

In Chapter 4 and Chapter 14.2, on the basis of types, the Night Vision Scopes market from 2018 to 2029 is primarily split into:

Thermal Imaging
Imaging Intensifier
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Night Vision Scopes market from 2018 to 2029 covers:

Military
Civil

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)