Night Vision devices (NVD) are products which enable a person to have the ability to see in dark or low intensity light. There have been significant developments in the field of electronics and optics that have allowed production of NVDs which help in intensifying the images which are not likely to be seen through naked eyes.
According to IndustryARC’s report on Night Vision Devices Market, 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 increased technological advancements in areas such as focal plane arrays, image intensifier tubes are also set to propel the usage of night vision devices.
Browse 41 Market Tables, 79 Figures spread through 232 Pages and an in-depth TOC on “Night Vision Devices Market”: http://industryarc.com/Report/1286/night-vision-devices-market-analysis.html
MARKET TRENDS & MARKET GROWTH:
The Night Vision Devices Market is propelled by a few Major growth Factors like:
• The Night Vision Devices Market is exhibiting high growth due to increased adoption in security, surveillance and navigation markets as well as a significant price drop resulting in increased usage in automotive industry.
• The growing surveillance market is a major cause of the growth overall across regions. The demand for night vision devices for monitoring at high risk areas to improve on-site or on-location safety has led to improved growth in the government and commercial markets.
• The growing applications in navigation to improve vehicle safety are exhibiting growing adoption. However the declining military budgets in western countries is set to hinder growth of the Night Vision Devices Market.
• The increased customer demand for night vision devices in the APAC military segment is set to drive the Night Vision Devices Market.
The growing surveillance market is a major cause of the growth...