COVID-19: Night Vision Devices Market 2020-2024 | Increased Applications In Military Operations to boost the Market Growth | Technavio
Technavio has been monitoring the night vision devices market and it is poised to grow by $ 3.02 bn during 2020-2024, progressing at a CAGR of about 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Night Vision Devices Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is concentrated, and the degree of concentration will accelerate during the forecast period. American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, Elbit Systems Ltd., FLIR Systems Inc., L3Harris Technologies Inc., Raytheon (News - Alert) Co., Thales Group, United Technologies Corp., and Vista Outdoor Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increased applications in military operations has been instrumental in driving the growth of the market. However, low adoption rate due to high cost might hamper market growth.
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Night Vision Devices Market 2020-2024: Segmentation
Night Vision Devices Market is segmented as below:
Night Vision Devices Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The night vision devices market report covers the following areas:
This study identifies an increase in military expenditure as one of the prime reasons driving the night vision devices market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Night Vision Devices Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
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