Night Vision Scope Market by End user and Geography - Forecast and Analysis 2022-2026

The night vision scope market share is expected to increase by USD 275.12 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.68%.

This night vision scope market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers night vision scope market segmentation by end-user (military and civil) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The night vision scope market report also offers information on several market vendors, 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., and Yukon Advanced Optics Worldwide among others.

What will the Night Vision Scope Market Size be During the Forecast Period?

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Night Vision Scope Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing global military spending is notably driving the night vision scope market growth, although factors such as tightening hunting laws may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the night vision scope industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Night Vision Scope Market Driver

The increasing global military spending is one of the key drivers supporting the night vision scope market growth. Typically, 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, along with Social Security and Medicare. With 1.4 million active-duty personnel plus an additional 845,000the National Guard, 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, weapons, and body armor. This initiative will help in increasing the adoption of night vision scopes in the US. Thus, the increasing global military expenditure is anticipated to boost the growth of the market during the forecast period.

Key Night Vision Scope Market Trend

The use of graphene for night vision devices is one of the key night vision scope market trends contributing to the market growth. Graphene is an ultra-thin, ultra-light, ultra-strong, and ultra-flexible material that has the potential to be used in any kind of product. The thickness of the graphene-based thermal sensor is minimal, almost one atom thick. To see the heat patterns from a long distance, a cryogenic cooling system is used in the current night vision devices to cut out interference effectively to obtain an image. The new sensor proposed by the research team would deal with this problem by covering the IR spectrum and integrating it with a silicon microelectromechanical system. Thus, such factors will boost the growth of the market during the forecast period.

Key Night Vision Scope Market Challenge

Tightening hunting laws is one of the factors impeding the night vision scope market growth. International trophy hunting is governed by laws and rules that apply to the entire world, including the US. Moreover, night vision scopes are widely used by civilians across the world for hunting purposes. These are also known as night vision rifle scopes and are designed for mounting on weapons and equipped with one or more reticule patterns. Night vision rifle scopes account for a significant share of the global night vision scope market. Therefore, the ban on hunting will pose a challenge to the entire market during the forecast period.

This night vision scope market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global night vision scope market as a part of the global technology hardware, storage, and peripherals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the night vision scope market during the forecast period.

Who are the Major Night Vision Scope Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, 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

 

This statistical study of the night vision scope market encompasses successful business strategies deployed by the key vendors. The night vision scope market is fragmented and the vendors are deploying growth strategies such as M&A, technology, innovation, and R&D to compete in the market.

Product Insights and News

• tonboimaging.com - The company offers night vision scopes such as Apollo VX, Spartan S and Spartan.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The night vision scope market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Night Vision Scope Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the night vision scope market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Night Vision Scope Market?

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44% of the market’s growth will originate from North America during the forecast period. The US is the key market for the night vision scope market in North America. Market growth in this region will be slower than the growth of the market in APAC.

The extensive requirement of night vision scopes for night operations by the military and during warfare activities will facilitate the night vision scope market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 negatively impacted the regional market. However, an increase in military expenditure, the launch of advanced night vision systems, and increasing demand for night vision scopes for wildlife enthusiasts are anticipated to revive the growth of the regional market during the forecast period.

What are the Revenue-generating End-user Segments in the Night Vision Scope Market?

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The night vision scope market share growth by the military segment will be significant during the forecast period. In military applications, night vision scopes are mainly used to enhance the efficacy of military equipment, with the aim of strengthening defense capabilities. These devices are used in law enforcement, surveillance, security, navigation, and hidden object identification applications. This, in turn, will boost segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the night vision scope market size and actionable market insights on post COVID-19 impact on each segment.

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Night Vision Scope Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.68%
Market growth 2022-2026	$ 275.12 million
Market structure	Fragmented
YoY growth (%)	5.24
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 44%
Key consumer countries	US, Saudi Arabia, China, Russia, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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., and Yukon Advanced Optics Worldwide
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive night vision scope market growth during the next five years
• Precise estimation of the night vision scope market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the night vision scope industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of night vision scope market vendors

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