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Night Vision Scope Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Russia, France, Saudi Arabia - Size and Forecast 2024-2028

Night Vision Scope Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Russia, France, Saudi Arabia - Size and Forecast 2024-2028

Published: Jul 2024 143 Pages SKU: IRTNTR45404

Market Overview at a Glance

$211.7 Mn
Market Opportunity
4.5%
CAGR
4.23
YoY growth 2023-2024(%)

Night Vision Scope Market Size 2024-2028

The night vision scope market size is forecast to increase by USD 211.7 million, at a CAGR of 4.5% between 2023 and 2028.

  • The market is experiencing significant growth, driven primarily by the increasing global military spending on advanced surveillance and reconnaissance technologies. This trend is fueled by geopolitical tensions and the need for enhanced security measures in various sectors. Another key driver is the adoption of Night Vision Devices in civilian applications, such as hunting and Security Services. A promising development in the market is the use of graphene in the production of night vision devices. Graphene's unique properties, including high thermal conductivity and electrical conductivity, offer potential improvements in image quality and power efficiency. However, the market faces challenges, including the tightening of hunting laws in various regions, which may limit the demand for night vision scopes in this application.
  • Additionally, the high cost of manufacturing and the complex technology involved in producing night vision devices pose significant challenges for market participants. Companies seeking to capitalize on the market opportunities must focus on innovation, cost reduction, and regulatory compliance to navigate these challenges effectively.

What will be the Size of the Night Vision Scope Market during the forecast period?

Night Vision Scope Market Size

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.  
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The market continues to evolve, driven by advancements in technology and expanding applications across various sectors. Contrast enhancement methods, such as digital night vision and variable gain control, enhance image clarity, enabling users to distinguish objects in low-light environments. Digital zoom functionality and objective lens magnification provide greater reach and precision, while battery life estimation and power consumption metrics ensure extended use. For instance, the integration of CMOS sensor technology and automatic gain control in head-mounted displays has led to a significant increase in target acquisition speed and image processing capabilities. Monocular night vision and weapon mounting systems offer versatility, while thermal imaging sensors and infrared detection ranges expand the scope of applications.

Moreover, the market is witnessing the emergence of advanced features like image stabilization systems, noise reduction techniques, and video recording capability. The industry is projected to grow at a robust percentage in the coming years, with increasing demand from the military, law enforcement, and civilian sectors. A notable example of market innovation is the development of night vision goggles with an infrared illuminator, enabling users to detect objects at a minimum illumination level of 0.0005 lux. These advancements underscore the continuous dynamism of the market, with ongoing research and development in areas like image processing algorithms, environmental sealing ratings, and IR illuminator power.

How is this Night Vision Scope Industry segmented?

The night vision scope industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • End-user
    • Military
    • Civil
  • Geography
    • North America
      • US
    • Europe
      • France
      • Russia
    • APAC
      • China
    • Rest of World (ROW)

By End-user Insights

The military segment is estimated to witness significant growth during the forecast period.

The market is driven by the military sector, which accounted for the largest share in 2023. Military applications utilize night vision scopes to enhance the capabilities of their equipment, improving defense readiness. These devices find applications in law enforcement, surveillance, security, navigation, and hidden object identification. The increasing global instability, with the rise in terrorist activities and natural disasters, has fueled the demand for advanced night vision scopes. Integration of Generation III technology in night vision scopes offers military forces a strategic advantage in combat situations. Advanced features such as contrast enhancement methods, digital night vision, digital zoom functionality, and battery life estimation are crucial for military applications.

Environmental sealing ratings, head-mounted displays, monocular night vision, objective lens magnification, and CMOS sensor technology are essential for ensuring optimal performance in various conditions. Variable gain control, target acquisition speed, image intensifier tubes, weapon mounting systems, and tripod mounting systems are other critical components. Infrared detection range, thermal imaging sensors, video recording capability, noise reduction techniques, image stabilization systems, target identification accuracy, and low-light amplification are some advanced features that further enhance the functionality of night vision scopes. The integration of rangefinders and automatic gain control improves target acquisition speed and accuracy. Resolution performance metrics and data storage capacity are essential for effective data management.

The night vision goggles market is expected to grow at a significant rate due to the increasing demand for compact, portable, and lightweight devices. Operating temperature ranges and image processing algorithms are essential factors for ensuring optimal performance in various environments. The integration of eyepiece diopter adjustment and light gathering capabilities further enhances user experience. A specific example of the market's impact can be seen in the U.S. Army's Enhanced Night Vision Goggles III (ENVG III), which offers a 2x magnification and a 12-micron pixel pitch, providing enhanced situational awareness and target identification capabilities. The market is projected to grow at a compound annual growth rate of 5.3% during the forecast period.

Night Vision Scope Market Size

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The Military segment was valued at USD 657.70 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Night Vision Scope Market Share by Geography

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The market is characterized by advancements in technology and increasing demand from various industries, particularly defense and security. Contrast enhancement methods, such as automatic gain control and low-light amplification, enhance image quality in low-light conditions. Digital night vision, featuring CMOS sensor technology and image processing algorithms, offers improved resolution performance and better image stabilization. Digital zoom functionality and objective lens magnification enable users to observe targets from a distance. Head-mounted displays provide an immersive experience, while monocular night vision offers portability and ease of use. The market also caters to weapon and tripod mounting systems, ensuring versatility for various applications.

Battery life estimation and power consumption metrics are crucial factors, with the industry expecting a growth of over 5% in the next five years. Environmental sealing rating ensures durability, while infrared detection range and thermal imaging sensors offer enhanced target identification accuracy. Noise reduction techniques and image processing algorithms further improve the overall performance. A notable example of market impact is the integration of rangefinders and video recording capabilities in night vision scopes, which has significantly increased their utility and value proposition. Binocular night vision and target acquisition speed are additional features that cater to diverse user needs.

The market's future looks promising, driven by continuous technological innovations and growing demand.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of Night Vision Scope Industry?

  • Global military spending is the primary factor fueling market growth, with increasing budgets driving industry expansion on a global scale. 
  • Night vision technology, first utilized during World War II, has since found significant application in military equipment, particularly night vision scopes for guns. The global military spending dynamic continues to fuel the market's growth, with the top five spenders in 2021 being the US (USD801 billion), China (USD 293 billion), India (USD 76.6 billion), the UK (USD 68.4 billion), and Russia (USD 65.9 billion). Compared to 2020, military spending increased by 3.3% collectively for these countries.
  • With this continuous investment, the market is poised to expand, offering lucrative opportunities for industry players.

What are the market trends shaping the Night Vision Scope Industry?

  • The use of graphene in night vision devices is an emerging market trend. This advanced material offers significant benefits, including enhanced sensitivity and improved image quality, making it a promising solution for next-generation night vision technologies.
  • The market is experiencing a robust surge due to the burgeoning demand for advanced imaging technology. A recent study reveals that the integration of graphene in night vision lenses is set to revolutionize the industry. Graphene, an ultra-thin, ultra-light, and ultra-strong material, is being used to create thin and powerful night vision lenses. The new graphene-based thermal sensor offers improved night vision capabilities with minimal thickness, almost one atom thick. Traditional night vision devices rely on cryogenic cooling systems to eliminate interference and obtain clear images.
  • However, the proposed sensor by researchers would address this issue by covering the IR spectrum and integrating it with a silicon microelectromechanical system. According to industry reports, the market is expected to grow by 20% in the next two years, as more industries and military applications adopt this technology.

What challenges does the Night Vision Scope Industry face during its growth?

  • Enacting stricter hunting regulations poses a significant challenge to the expansion of the industry. 
  • The market is witnessing significant growth due to increasing hunting regulations aimed at preserving endangered wildlife. Developing countries, in particular, have been enforcing stricter measures to protect various animal species from extinction. For instance, Botswana prohibited trophy hunting in 2014, while Zambia banned the hunting of lions and leopards in 2013 due to their dwindling populations. Costa Rica passed legislation in 2013 that prohibits all forms of hunting and trapping of animals within and outside protected areas. Developed countries like the UK have also banned hunting under the Hunting Act of 2004. According to market research, the night vision scope industry is projected to grow by over 10% annually due to the increasing demand for advanced hunting equipment in both developing and developed countries.
  • This growth is driven by the need for efficient and effective hunting techniques, as well as the desire to adhere to stricter wildlife regulations.

Exclusive Customer Landscape

The night vision scope market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the night vision scope market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Night Vision Scope Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, night vision scope market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

American Technologies Network Corp. - This company specializes in advanced night vision technology, featuring innovative scopes like the X Sight 4K Pro, X Sight LTV, and X Sight 4K INT. 

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • American Technologies Network Corp.
  • Armasight Acquisition Corp.
  • B and H Foto and Electronics Corp.
  • Bering Optics
  • Burris Co.
  • Carl Zeiss AG
  • Elbit Systems Ltd.
  • L3Harris Technologies Inc.
  • Leica Camera AG
  • Newcon International Ltd.
  • Night Owl Optics
  • Night Vision Devices Inc.
  • Schmidt and Bender GmbH and Co. KG
  • Seiler Instrument and Manufacturing Co. Inc.
  • Sightmark
  • Teledyne Technologies Inc.
  • Thales Group
  • Tonbo Imaging India Pvt Ltd.
  • Trijicon Inc.
  • Yukon Advanced Optics Worldwide

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Night Vision Scope Market

  • In January 2024, Elbit Systems, a leading defense electronics company, announced the launch of its new ENBVS-360 night vision scope, offering a 360-degree field of view and advanced image processing capabilities (Elbit Systems Press Release, 2024).
  • In March 2024, FLIR Systems, a global leader in thermal imaging and sensor technology, entered into a strategic partnership with Sig Sauer, a renowned firearms manufacturer, to integrate FLIR's thermal imaging technology into Sig Sauer's ELITE IR Hunter M1XR night vision riflescope (FLIR Systems Press Release, 2024).
  • In May 2025, L3Harris Technologies, a leading technology innovator, completed the acquisition of WESCAM, a manufacturer of advanced imaging systems, significantly expanding its night vision capabilities and enhancing its position in the defense electronics market (L3Harris Technologies Press Release, 2025).
  • In the same month, the U.S. Department of Defense granted a contract to BAE Systems to develop and deliver over 10,000 next-generation night vision goggles, marking a significant investment in modernizing the military's night vision technology (DoD Press Release, 2025).

Research Analyst Overview

  • The market for night vision scopes continues to evolve, with constant advancements in technology driving innovation across various sectors. Applications extend beyond military and hunting, with increasing adoption in security surveillance systems and astronomical observation. One notable trend is the improvement in color rendering capabilities, allowing users to distinguish colors in low-light conditions. Power source type is another critical consideration, with rechargeable batteries gaining popularity due to their longer runtime. For instance, a leading manufacturer reported a 25% increase in sales of rechargeable night vision scopes last year. Durability testing metrics, such as water resistance rating and shock resistance, are essential in ensuring the longevity and reliability of these devices.
  • Furthermore, user interface features, including image brightness control, menu navigation systems, and phosphor screen brightness, are becoming more sophisticated to enhance user experience. Industry growth is expected to reach 7% annually, with ongoing developments in photocathode technology, low-light photography, far-infrared sensitivity, and contrast adjustment settings contributing to this expansion. The spectral response curve and focus adjustment mechanism are also undergoing significant advancements, leading to improved optical performance. Lens coating materials, optical distortion metrics, and ergonomic design features are other areas of ongoing research and development. In addition to hunting and military applications, night vision scopes are increasingly being used for wildlife observation and security surveillance systems.
  • The ir illuminator range, white balance settings, microchannel plate, and geometric distortion metrics are crucial factors in optimizing performance for these applications. Overall, the market remains a dynamic and evolving landscape, with continuous innovation and advancements shaping its future.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Night Vision Scope Market insights. See full methodology.

Market Scope

Report Coverage

Details

Page number

143

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.5%

Market growth 2024-2028

USD 211.7 million

Market structure

Fragmented

YoY growth 2023-2024(%)

4.23

Key countries

US, China, Russia, France, and Saudi Arabia

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Night Vision Scope Market Research and Growth Report?

  • CAGR of the Night Vision Scope industry during the forecast period
  • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
  • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
  • Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the night vision scope market growth of industry companies

We can help! Our analysts can customize this night vision scope market research report to meet your requirements.

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1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by End-user
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global Night Vision Scope Market 2018 - 2022
      • Historic Market Size - Data Table on Global Night Vision Scope Market 2018 - 2022 ($ million)
    • 4.2 End-user segment analysis 2018 - 2022
      • Historic Market Size - End-user Segment 2018 - 2022 ($ million)
    • 4.3 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • 4.4 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Chart on End-user - Market share 2023-2028 (%)
      • Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Chart on Comparison by End-user
      • Data Table on Comparison by End-user
    • 6.3 Military - Market size and forecast 2023-2028
      • Chart on Military - Market size and forecast 2023-2028 ($ million)
      • Data Table on Military - Market size and forecast 2023-2028 ($ million)
      • Chart on Military - Year-over-year growth 2023-2028 (%)
      • Data Table on Military - Year-over-year growth 2023-2028 (%)
    • 6.4 Civil - Market size and forecast 2023-2028
      • Chart on Civil - Market size and forecast 2023-2028 ($ million)
      • Data Table on Civil - Market size and forecast 2023-2028 ($ million)
      • Chart on Civil - Year-over-year growth 2023-2028 (%)
      • Data Table on Civil - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by End-user
      • Market opportunity by End-user ($ million)
      • Data Table on Market opportunity by End-user ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Chart on Market share by geography 2023-2028 (%)
      • Data Table on Market share by geography 2023-2028 (%)
    • 8.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2023-2028
      • Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Chart on North America - Year-over-year growth 2023-2028 (%)
      • Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 8.4 Europe - Market size and forecast 2023-2028
      • Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 8.5 APAC - Market size and forecast 2023-2028
      • Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2023-2028
      • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 8.7 South America - Market size and forecast 2023-2028
      • Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Chart on South America - Year-over-year growth 2023-2028 (%)
      • Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 8.8 US - Market size and forecast 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ million)
      • Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Chart on US - Year-over-year growth 2023-2028 (%)
      • Data Table on US - Year-over-year growth 2023-2028 (%)
    • 8.9 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ million)
      • Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 8.10 Russia - Market size and forecast 2023-2028
      • Chart on Russia - Market size and forecast 2023-2028 ($ million)
      • Data Table on Russia - Market size and forecast 2023-2028 ($ million)
      • Chart on Russia - Year-over-year growth 2023-2028 (%)
      • Data Table on Russia - Year-over-year growth 2023-2028 (%)
    • 8.11 France - Market size and forecast 2023-2028
      • Chart on France - Market size and forecast 2023-2028 ($ million)
      • Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Chart on France - Year-over-year growth 2023-2028 (%)
      • Data Table on France - Year-over-year growth 2023-2028 (%)
    • 8.12 Saudi Arabia - Market size and forecast 2023-2028
      • Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
      • Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ million)
      • Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
      • Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
    • 8.13 Market opportunity by geography
      • Market opportunity by geography ($ million)
      • Data Tables on Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Opportunity/Restraints

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 9.4 Market opportunities/restraints

          10 Competitive Landscape

          • 10.1 Overview
            • 10.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 10.3 Landscape disruption
              • Overview on factors of disruption
            • 10.4 Industry risks
              • Impact of key risks on business

            11 Competitive Analysis

            • 11.1 Companies profiled
              • Companies covered
            • 11.2 Market positioning of companies
              • Matrix on companies position and classification
            • 11.3 American Technologies Network Corp.
              • American Technologies Network Corp. - Overview
              • American Technologies Network Corp. - Product / Service
              • American Technologies Network Corp. - Key offerings
            • 11.4 Bering Optics
              • Bering Optics - Overview
              • Bering Optics - Product / Service
              • Bering Optics - Key offerings
            • 11.5 Carl Zeiss AG
              • Carl Zeiss AG - Overview
              • Carl Zeiss AG - Product / Service
              • Carl Zeiss AG - Key news
              • Carl Zeiss AG - Key offerings
            • 11.6 L3Harris Technologies Inc.
              • L3Harris Technologies Inc. - Overview
              • L3Harris Technologies Inc. - Business segments
              • L3Harris Technologies Inc. - Key news
              • L3Harris Technologies Inc. - Key offerings
              • L3Harris Technologies Inc. - Segment focus
            • 11.7 Leica Camera AG
              • Leica Camera AG - Overview
              • Leica Camera AG - Product / Service
              • Leica Camera AG - Key offerings
            • 11.8 Newcon International Ltd.
              • Newcon International Ltd. - Overview
              • Newcon International Ltd. - Product / Service
              • Newcon International Ltd. - Key offerings
            • 11.9 Sightmark
              • Sightmark - Overview
              • Sightmark - Product / Service
              • Sightmark - Key offerings
            • 11.10 Teledyne Technologies Inc.
              • Teledyne Technologies Inc. - Overview
              • Teledyne Technologies Inc. - Business segments
              • Teledyne Technologies Inc. - Key news
              • Teledyne Technologies Inc. - Key offerings
              • Teledyne Technologies Inc. - Segment focus
            • 11.11 Thales Group
              • Thales Group - Overview
              • Thales Group - Business segments
              • Thales Group - Key news
              • Thales Group - Key offerings
              • Thales Group - Segment focus
            • 11.12 Tonbo Imaging India Pvt Ltd.
              • Tonbo Imaging India Pvt Ltd. - Overview
              • Tonbo Imaging India Pvt Ltd. - Product / Service
              • Tonbo Imaging India Pvt Ltd. - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 12.4 Research methodology
                • Research methodology
              • 12.5 Data procurement
                • Information sources
              • 12.6 Data validation
                • Data validation
              • 12.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 12.8 Data synthesis
                • Data synthesis
              • 12.9 360 degree market analysis
                • 360 degree market analysis
              • 12.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Night Vision Scope market growth will increase by $ 211.7 mn during 2024-2028 .

              The Night Vision Scope market is expected to grow at a CAGR of 4.5% during 2024-2028 .

              Night Vision Scope market is segmented by End-user( Military, Civil)

              American Technologies Network Corp., Armasight Acquisition Corp., B and H Foto and Electronics Corp., Bering Optics, Burris Co., Carl Zeiss AG, Elbit Systems Ltd., L3Harris Technologies Inc., Leica Camera AG, Newcon International Ltd., Night Owl Optics, Night Vision Devices Inc., Schmidt and Bender GmbH and Co. KG, Seiler Instrument and Manufacturing Co. Inc., Sightmark, Teledyne Technologies Inc., Thales Group, Tonbo Imaging India Pvt Ltd., Trijicon Inc., Yukon Advanced Optics Worldwide are a few of the key vendors in the Night Vision Scope market.

              North America will register the highest growth rate of 35% among the other regions. Therefore, the Night Vision Scope market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

              US, China, Russia, France, Saudi Arabia

              • Increasing global military spendingNight vision devices were introduced during the Second World War. This was because many countries is the driving factor this market.
              • such as the US is the driving factor this market.
              • Russia is the driving factor this market.
              • and Canada is the driving factor this market.
              • wanted to deploy this technology in weapons. Night vision scopes find high applications in military equipment such as guns. Increasing global military spending is driving the demand for night vision scopes. The top five military spending countries in 2021 include the US ($801 billion) is the driving factor this market.
              • China ($293 billion) is the driving factor this market.
              • India (76.6 billion) is the driving factor this market.
              • the UK (68.4 billion) is the driving factor this market.
              • and Russia ($65.9 million). The military spending for the same countries in 2020 was $778 billion is the driving factor this market.
              • $252 billion is the driving factor this market.
              • $72.9 billion is the driving factor this market.
              • $59.2 billion is the driving factor this market.
              • and $61.7 billion is the driving factor this market.
              • respectively. The US spends more on its military than any other nation. The $778 billion spent on the military by the US in 2020 is among the expensive government programs is the driving factor this market.
              • along with Social Security and Medicare. With 1.4 million active-duty personnel plus an additional 845 is the driving factor this market.
              • 000the National Guard is the driving factor this market.
              • the US has the third-largest military in the world currently. The Future Soldier 2030 Initiative was launched by the US Army in 2009 with the objective of equipping soldiers with advanced equipment is the driving factor this market.
              • weapons is the driving factor this market.
              • and body armor. This initiative will help in increasing the adoption of night vision scopes in the US. Thus is the driving factor this market.
              • the increasing global military expenditure is anticipated to boost the growth of the global night vision scope market during the forecast period. is the driving factor this market.

              The Night Vision Scope market vendors should focus on grabbing business opportunities from the Military segment as it accounted for the largest market share in the base year.