Product ID: UCMIG45I2090
Report ID:
UCMIG45I2090 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
From 2019 to 2025, the market for night vision devices is projected to grow at a CAGR of 8.1% from its 2018 value of USD 5.84 billion. The devices are becoming more and more popular with wildlife researchers and nature lovers, which is likely to drive demand. Additionally, the industry is anticipated to develop due to the affordable price and technical viability of giving military night vision equipment that can produce colour images. Goggles with night vision are useful for a variety of military tasks, including fighting, navigation, and spying. Night goggles are used by law enforcement to perform training exercises and to make sure that the military personnel are prepared for their missions.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Technology Hardware, Storage & Peripherals by segment aggregation, the contribution of the Technology Hardware, Storage & Peripherals in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45I2090