Through the Dark, Into the $14 Billion Light: The Global Night Vision Device Market Targets $14 Bn by 2027 – Will it Illuminate the Path to Success? Ken Research

The report covers Night Vision Device Market, Night Vision Device Industry, Night Vision Device Demand, Global Night Vision Device Industry, Major Night Vision Device Companies, Key Competitors Night Vision Device industry, Emerging Companies Night Vision Device Industry, Challenges Night Vision Device Market, Opportunities Night vision Device Sector, Goggles Night Vision Device Market, Binoculars Night Vision Device, Night Vision Glasses Device Market, Investment in Night Vision Device Market, Middle East Night Vision Device Market, China Night Vision Device Market, UK Night Vision Device Market, Safran Night Vision Device Market, Meopta Night Vision Device Market Share, SATIR Thermal Vehicle Device Share, American Technologies Scope Device Market.


Gurugram, India, June 13, 2023 (GLOBE NEWSWIRE) -- Driven by the increasing military and defense expenditure and modernization costs, the Global Night Vision Device Market is Forecasted to Cross US$ 14 Bn by 2028 says Ken Research Study. Night Vision Devices are optoelectronic devices that intensify the infrared, gamma, and ultraviolet light and produce a visible image that can be seen during the night or when the light levels are low or if it is dark. These devices can be handheld, mounted, or integrated into vehicles. Due to the benefits provided by these devices, they find a wide range of applications in military, defense, wildlife, and security-related activities among a host of other areas. According to Ken Research estimates, the Global Night Vision Device Market – which is estimated to be around ~US$ 8 Bn in 2022 – is expected to grow further into a more than ~US$ 14 Bn opportunity by 2028.

“Ken Research shares 3 key insights on this high opportunity market from its latest research study”.

1.   Growing Applications Beyond the Traditional Defense and Security Related Areas to Boost the Market

The global night vision device market has grown due to its applications and effectiveness for military, security, defense, surveillance, and crime prevention-related areas. The market is also growing due to the adoption of state-of-the-art technologies and the availability of a wide range of products available to end consumers now which is going to drive the growth of the market during the forecast period. The products have now found growing applications in areas of wildlife spotting and conservation as well as having been widely used during the Covid-19 pandemic situation.

Interested to Know More about this Report, Request a Free Sample Report

2.   Rising Spend on Military and Defence Related Activities Worldwide Has Accelerated the Use of Night Vision Device

The growing concern by the governments worldwide on the safety of their citizens and the continuous efforts to safeguard their own land from any major mishaps from internal or external threats from terrorist attacks or any other security issues has resulted in increased military and defense budgets worldwide on a consistent basis. Night Vision Devices are a critical part of the military and defense equipment for the security forces which is going to drive its demand in the near future also.

3.   Increased Focus on Border Security is Driving the Surveillance Segment’s Growth

The prevalence of incidents across the globe on border infiltrations is driving countries and regions to spend more on their border security. Countries like USA, India, and Regions such as European Union have increased their spending on border surveillance to protect themselves from any threat that can result from these incidents. For example, after the India-China border issues in 2020, India spent INR ₹ 20,776 crores (US$ 2.6 Bn) on enhancing its military capabilities to deal with the challenges that arose on the border.

Market Taxonomy
By Device

  • Goggles
  • Monocular & Binoculars
  • Camera
  • Glasses
  • Scopes
  • Others

Visit this Link :- Request for custom report

By Technology

  • Thermal Imaging
  • Image Intensifier
  • Infrared Illumination
  • Others

By Application

  • Military & Defense
  • Wildlife Spotting & Conservation
  • Surveillance
  • Targeting
  • Navigation
  • Others

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East and Africa)

For more insights on the market intelligence, refer to below link:-
Global Night Vision Device Market

Related Reports By Ken Research:-
China Cyber Security Market Outlook to 2027F- Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise)

According to Ken Research estimates, the China Cyber Security Market – which grew from approximately CNY ~ Bn in 2017 to approximately CNY ~Bn in 2022 – is forecasted to grow further into CNY ~Bn opportunity by 2027F, owing to the new government policies, new players in the market and technological development. The Chinese government is developing a plan to maximize its cybersecurity sector as it becomes increasingly worried about the security of its data in response to increased international conflict and requests for more personal safeguards. The quantity of personal information and transaction data that all Chinese firms have on hand is growing. Sensitive data is frequently exposed due to organizational system weaknesses, making these firms the prime targets of cyberattacks.

Australia Cyber Security Market Outlook to 2027F - Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise)

According to Ken Research estimates, the Australia Cyber Security Market – which grew from approximately AUD ~ Bn in 2017 to approximately AUD ~Bn in 2022 – is forecasted to grow further into AUD ~Bn opportunity by 2027F, owing to the new government policies, new players in the market and technological development. IoT devices have a security system that is vulnerable to cyberattacks. It is not designed to pre-detect or prevent threats, such as hacking. Thus, these devices could be prime targets for hackers to obtain usernames and passwords and access other confidential information. The quantity of personal information and transaction data that all Australia firms have on hand is growing. Sensitive data is frequently exposed due to organizational system weaknesses, making these firms the prime targets of cyberattacks.

Global Door Entry Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Product (Card-Based, Video/Audio Systems, Biometric Systems), Application (Residential, Commercial), and Region (North America, Europe, Asia Pacific, Latin America Middle East and Africa (LAMEA))

According to Ken Research Analysis, the Global Door Entry Systems Market is expected to record a positive CAGR of ~9% during the forecast period (2022-2028) and is expected to reach approximately US$ 14 Billion by 2028. The increasing demand for smart homes and having safer and more secure business & commercial premises is helping the market grow. More and more residential and commercial premises understand the importance of having a secure environment with lesser risks from thefts and other safety concerns which is helping the market growth. The high upfront investments that are required for the installation of advanced door entry systems and solutions act as a constraint to market growth.

Indonesia Cyber Security Market Outlook to 2027F- Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise) and by Industry

According to Ken Research estimates, the Indonesia Cyber Security Market – which grew from approximately USD ~ Bn in 2017 to approximately USD ~Bn in 2022 – is forecasted to grow further into USD ~Bn opportunity by 2027F, owing to the new government policies, new players in the market and technological development. The Indonesian government is developing a plan to maximize its cybersecurity sector as it becomes increasingly worried about the security of its data in response to increased international conflict and requests for more personal safeguards. The quantity of personal information and transaction data that all Indonesian firms have on hand is growing. Sensitive data is frequently exposed due to organizational system weaknesses, making these firms the prime targets of cyberattacks.

Follow Us –
LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

 

Kontaktdaten