Global Night Vision Goggles Market Is Anticipated to Reach US$ 320 Mn by 2025
Global Night-vision Goggles Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.
Los Angeles, CA -- (SBWire) -- 02/12/2019 --Night Vision Goggles (NVG) is a special type of night vision device. The Night Vision Goggles do not have any magnification and this allows you to use them while in motion mounted on your head, perfect for night gaming, orienteering, driving, safeguarding and search and rescue applications. They often come with straps or Headgear to fit onto your head for use without hands.
In the coming years there is an increasing demand for Night Vision Goggles in the regions of United States and Europe that is expected to drive the market for more advanced Night Vision Goggles. Increasing of residential fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Night Vision Goggles will drive growth in United States and Europe markets.
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With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Night Vision Goggles market to approach these areas. QYR analysis of the Night Vision Goggles market indicated that North America would account for the highest sales in 2022 with close to 44 percent of global sales coming from this region, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
The global Night-vision Goggles market is valued at 260 million US$ in 2018 is expected to reach 320 million US$ by the end of 2025, growing at a CAGR of 2.8% during 2019-2025.
This report focuses on Night-vision Goggles volume and value at global level, regional level and company level. From a global perspective, this report represents overall Night-vision Goggles market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Orpha, Armasight, ATN, Yukon, Night Optics, Bushnell, NVT, KATOD, ROE, Night Owl
Segment by Type
Image Intensifier, Thermal Image
Segment by Application
Industrial, Residential
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