Connect with us

Technology

Night Vision Devices Market size is set to grow by USD 3.56 billion from 2024-2028, Increased applications in military operations boost the market, Technavio

Published

on

NEW YORK, June 9, 2024 /PRNewswire/ — The global night vision devices market size is estimated to grow by USD 3.56 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 9.52%  during the forecast period. Increased applications in military operations is driving market growth, with a trend towards application of sensor fusion technology. However, technological challenges in night vision devices  poses a challenge. Key market players include American Technologies Network Corp., ASELSAN AS, BAE Systems Plc, Elbit Systems Ltd., Excelitas Technologies Corp., Intevac Inc., L3Harris Technologies Inc., Leonardo Spa, Luna Optics Inc., Meopta Optica S.R.O, N Vision Optics LLC, Newcon International Ltd., Night Vision Devices Inc., Safran SA, SATIR Europe Ireland Co. Ltd., Sharp Corp., TAK Technologies Pvt. Ltd., Teledyne Technologies Inc., Thales Group, and Vista Outdoor Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Night Vision Devices Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.52%

Market growth 2024-2028

USD 3563.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.47

Regional analysis

North America, APAC, Europe, South America,
and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, China, Russia, UK, and Japan

Key companies profiled

American Technologies Network Corp., ASELSAN
AS, BAE Systems Plc, Elbit Systems Ltd.,
Excelitas Technologies Corp., Intevac Inc.,
L3Harris Technologies Inc., Leonardo Spa, Luna
Optics Inc., Meopta Optica S.R.O, N Vision Optics
LLC, Newcon International Ltd., Night Vision
Devices Inc., Safran SA, SATIR Europe Ireland
Co. Ltd., Sharp Corp., TAK Technologies Pvt. Ltd.,
Teledyne Technologies Inc., Thales Group, and
Vista Outdoor Inc.

Market Driver

The night vision devices market is experiencing growth due to the integration of sensor fusion technology. This technology combines thermal imaging and image intensification in a single device, expanding the visible light spectrum. Military, security, and law enforcement personnel will greatly benefit from this innovation. Future developments include digitally fused images from thermal imagers and electronic output image intensifiers, leading to digitally enhanced night vision goggles. Transmission of images to command centers for intelligence gathering is also a potential application, increasing the demand for sensor fusion technology in military applications. 

The Night Vision Devices market is experiencing significant growth due to increasing terrorism and crime rates. Criminals and military forces use night vision devices for covert operations and surveillance. The technology behind these devices, such as infrared imaging and image intensification, allows users to see in complete darkness. Companies are investing in advanced technologies like thermal imaging and night vision goggles to cater to the growing demand. Additionally, the use of night vision devices in industries like oil and gas exploration and mining is expanding their application areas. The market is expected to continue its upward trend in the coming years. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Night vision devices, utilizing image intensification and thermal imaging technologies, encounter challenges. Image intensification relies on light amplification, rendering it ineffective in dark conditions. Daytime performance is inferior, and damage can occur under bright sources in low-light. Thermal imaging devices are costly to buy and run, bulky, and require cooling.Uncooled thermal cameras have lower sensitivity and cannot handle high-speed IR applications. Sensitivity to headlamp light can impact night vision performance, limiting its effectiveness in certain driving conditions. Active IR systems have reduced vision area and struggle in adverse weather. These technological hurdles may hinder the growth of the global night vision devices market.The Night Vision Devices market faces several challenges. Terrible conditions such as low light and nighttime environments require advanced technology. Terrain and weather conditions also pose challenges. Combinations of imaging and sensors are crucial for effective night vision. Devices must be compact and portable for military and security applications. Costs are a significant challenge, with advanced technologies driving up prices.Combining affordability with high performance is a key objective. Additionally, the need for real-time analysis and integration with other systems adds complexity. Colors and various surfaces can affect night vision performance, requiring careful consideration. Security and privacy concerns are also important factors in the market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Application 1.1 Military1.2 CivilProduct 2.1 Night vision goggles2.2 Night vision cameras2.3 Night vision scopes2.4 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Military-  The Night Vision Devices Market is experiencing significant growth due to increasing demand from military and civilian sectors. These devices enhance vision in low light conditions, providing advantages in various applications such as surveillance, search and rescue, and border security. Manufacturers are focusing on improving image quality and reducing size and weight to expand market reach. The market is expected to continue growing, driven by technological advancements and rising security concerns.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

In the realm of security and surveillance, night vision devices play a crucial role in ensuring situational awareness and operational effectiveness for various sectors. These devices are extensively used in law enforcement for target identification and combating criminal activities. In the military and defense sector, night vision technology is essential for soldiers during combat activities and navigation in cloudy nights.

Optical innovations have significantly advanced night vision capabilities, enabling weapon locating devices, rangefinders, and viewfinders to function optimally in low-light conditions. Nature enthusiasts and wildlife researchers also benefit from night vision devices, providing them with color images to study nocturnal species. The market for night vision devices continues to grow, catering to the diverse needs of users in the military, law enforcement, and commercial surveillance sectors.

Market Research Overview

The Night Vision Devices Market encompasses surveillance and military applications. These devices enable clear visualization in low light conditions, utilizing image intensification technology. They are essential for security personnel, military forces, and law enforcement agencies. The market is driven by increasing demand for border security and surveillance systems, as well as advancements in technology leading to improved image quality and durability.

Additionally, the growing need for situational awareness in various industries, such as oil and gas, and mining, is fueling market growth. The market is segmented based on technology, application, and region. The future outlook is promising, with continued innovation and development in night vision technology.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationMilitaryCivilProductNight Vision GogglesNight Vision CamerasNight Vision ScopesOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/night-vision-devices-market-size-is-set-to-grow-by-usd-3-56-billion-from-2024-2028–increased-applications-in-military-operations-boost-the-market-technavio-302167765.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

TCI Network: Cluster development policies in Latin America need continuity

Published

on

By

MEXICO CITY, Sept. 20, 2024 /PRNewswire/ — Latin America is a region in the world where “cluster policies have been developed more,” mainly in Mexico and Colombia. However, these initiatives have had “boom periods that later have not had continuity,” says Alberto Pezzi, founder of TCI Network, a global network dedicated to exchanging and improving practices in this sector.
“The main problem in several Latin American countries has been the initial implementation of certain norms and institutions to support the cluster policy that later, with a change of government (…) or due to a lack of trained personnel, are abandoned,” he said. 
For Pezzi, who has been working in this field for 25 years, clusters have helped to strengthen dialogue between the public and private sectors, to understand the problems companies have, and for small and medium-sized businesses to implement “strategic changes” to increase their competitiveness.
The also former CEO of TCI was optimistic about the promotion of cluster policies. He also recognized the work members of the Economic Commission for Latin America and the Caribbean (ECLAC) have done in Colombia in creating the Cluster Initiatives Platform.
To continue to strengthen these ecosystems in the region, Pezzi highlighted that this year the city of Chihuahua, in northern Mexico, will host the 27th TCI Global World Conference from October 8 to 10. There attendants will talk about the application models of artificial intelligence in clusters and the construction of a more collaborative future, considering the emergence of disruptive technologies.
“TCI’s annual event is the point of reference for professionals who are dedicated to the development of clusters around the world and the expectation is, on the one hand, to learn about methodologies, projects, good cluster practices and, at the same time, innovation ecosystems,” he said.
Also, the organizers said that the intention is to publish a white book for all the conclusions of the meeting. These would contain lessons learned from local networks and internationally recognized panelists, such as the expert in artificial intelligence, Rebeca Hwang, and Mariana Mazzucato, an economist specializing in development issues.
Regarding this year’s event, Pezzi said that Chihuahua is a special place for TCI. The state was where the American economist Michael Porter and other “cluster methodology pioneers” met in 1997 to celebrate the first International Cluster Workshop.

https://tciglobalconference.com/2024/
https://desec.mx/

View original content:https://www.prnewswire.co.uk/news-releases/tci-network-cluster-development-policies-in-latin-america-need-continuity-302254087.html

Continue Reading

Technology

This Week in Finance News: 10 Stories You Need to See

Published

on

By

A roundup of the most newsworthy financial press releases from PR Newswire this week, including a new Volkswagen/Wells Fargo agreement and Americans’ worries about the election’s impact on their finances.

NEW YORK, Sept. 20, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

Volkswagen Financial Services U.S. and Wells Fargo announce cooperation agreement for vehicle purchase financing of Volkswagen, Audi, and Ducati brands in the United States
Wells Fargo will provide new U.S. consumer retail financing for vehicle purchase as a co-branded offering, with an estimated transition beginning in April 2025.Credit Builders Alliance Launches New Financial Inclusion Pilot Program Using VantageScore 4plus™ Open Banking Credit Score
The program, with support for technical assistance from JPMorganChase, will select and lead a cohort of ten CBA nonprofit members to test the VantageScore 4plus credit score that uses both credit report data and alternative open banking data to generate a more predictive credit score, especially for underserved or “thin” credit file consumers. Eight in 10 Americans worry about the impact of the election on their retirement plan Two in 10 (19%) Americans believe the election will affect when they retire—a concern most prevalent among Gen Z (29%), according to the study of 1,000 U.S. adults. Americans who have not retired yet also fear inflation has set back their retirement goals, delaying them by nearly 8.5 years on average (55%).Carver Bancorp, Inc. Names Donald Felix President and CEO, Effective November 01, 2024
Donald Felix is only the sixth CEO in Carver’s 76-year history and will also serve as a member of the Carver Board. Carver continues to pay its mission forward, focusing on Minority and Women Business Enterprises and the growing middle-income neighborhoods it serves.National Real Estate Brokerage REALTY OF AMERICA Announces Launch
Four industry titans come together to launch Realty of America. The virtual brokerage invests in agents through technology, training, culture, and an innovative compensation structure.Two Boxes Secures $5.3M in Oversubscribed Funding Round
The oversubscribed funding round led by Peterson Ventures more than doubled the company’s valuation and saw participation from new investor Assembly Ventures, alongside renewed support from existing backers Vinyl, Range Ventures, and Matchstick Ventures. With Two Boxes, brands and 3PLs optimize returns inspection, prioritization, processing, tracking, and a growing list of obstacles.Stratix and Samsung Drive Financial Services Innovation with Mobile-First Solutions
Stratix services and Samsung’s state-of-the-art devices powered by Android empower financial service organizations to improve workflows, increase automation, and create better experiences for users and customers. AES Announces Strategic Partnership with CDPQ to Support AES Ohio’s Robust Growth Plans
The AES Corporation announced that it reached an agreement to sell a 30% indirect equity interest in AES Ohio to CDPQ, a global investment group, for approximately US$546 million, with closing expected in the first half of 2025.Announcing the 2024 Most Powerful Latina Summit at L’ATTITUDE: Celebrating the Trailblazers Powering the $3 Trillion U.S. Latino Economy
Now in its 8th year, the Most Powerful Latinas list continues to highlight the critical contributions of Latina leaders across multiple industries. Released at the Most Powerful Latina Summit during L’ATTITUDE, this year’s list reflects the growing influence of Latinas in shaping the New Mainstream Economy.IEX Enters Options Market with Top Talent and Innovative Solutions
IEX Group, Inc. announced that it will launch a U.S. options exchange to partner with liquidity providers to uniquely tackle risk management challenges experienced in the options markets, pending regulatory approvals.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

For questions, contact the team at media.relations@cision.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/this-week-in-finance-news-10-stories-you-need-to-see-302253705.html

SOURCE PR Newswire

Continue Reading

Technology

ATFX Connect Wins “Institutional Forex Broker of the Year 2024” Award

Published

on

By

HONG KONG, Sept. 20, 2024 /PRNewswire/ —  ATFX Connect, the institutional division of ATFX Group, has been recognised for its exceptional service and innovative technology platform, earning the prestigious “Institutional Forex Broker of the Year 2024” award from Corporate Vision. This accolade reflects ATFX Connect’s client-first approach, advanced liquidity solutions, and leadership in the institutional brokerage industry.

This accolade acknowledges ATFX Connect’s contributions in the field of institutional brokerage services and affirms its continuous efforts in driving industry progress and innovation.

Corporate Vision magazine, an internationally renowned business and financial information platform, presents its annual Corporate Excellence Awards to honor companies and individuals who demonstrate excellent leadership, innovation, and performance in their respective fields. This year, ATFX Connect, earned unanimous praise from the judging panel for its professional service team, efficient trade execution system, and comprehensive solutions tailored for institutional clients.

The magazine also featured an extensive report on ATFX Connect, highlighting its customer-centric approach. The core focus is providing clients with fast and straightforward access to financial markets, along with all the necessary tools, which has always been a hallmark of the brand.

ATFX Connect continues to customise liquidity solutions based on client needs while maintaining competitive pricing. Clients benefit from competitive spreads across 65 different currency pairs and access to over 20 liquidity providers, including Tier 1 banks and non-bank liquidity. Looking ahead, ATFX Connect plans to offer services specifically tailored for professional traders.

With the establishment of its Australian office, the brand’s influence continues to grow. ATFX has laid out an ambitious development blueprint, to enhance its brand influence and leverage its unique advantages to expand into broader international markets.

About ATFX
ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities, including the UK’s FCA, Cypriot CySEC, UAE’s SCA, Australian ASIC, and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.

For further information on ATFX, please visit the ATFX website: https://www.atfx.com.

About ATFX Connect
ATFX Connect is a trading name of AT Global Markets (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. ATFX Connect’s bespoke liquidity offerings are available to institutions, hedge funds, broker-to-broker, family offices, asset managers, and High-Net-Worth Individuals.

ATFX Connect supports institutional clients by providing them with direct market access to liquidity from T1 banks and non-bank providers in Spot FX, Precious Metals, and CFDs. In addition, the flexible infrastructure enables ATFX to manage aggregation and pricing and allows integration with any third-party platform.

AT Global Markets (UK) Limited is part of the ATFX Group. For further information on ATFX Connect, please visit the ATFX Connect Website: https://www.atfxconnect.com

View original content:https://www.prnewswire.com/apac/news-releases/atfx-connect-wins-institutional-forex-broker-of-the-year-2024-award-302254088.html

SOURCE ATFX Connect

Continue Reading

Trending