DUBLIN, April 26, 2015 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Night Vision Devices Market 2016-2020" report to their offering.

The global night vision devices market to grow at a CAGR of 5.22% during the period 2016-2020

Global Night Vision Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

The popularity of the Snooperscope is rising among customers. A Snooperscope helps smartphones function like a night vision camera with the appropriate app in Android and iOS. It uses a magnetic grip to attach to the camera of the smartphone. A screw port is present at the bottom of Snooperscope, which can be mounted on a tripod. It can also be connected to the iPhone or Android device through Wi-Fi. It helps user take photographs and make HD videos and store them directly in the phone or a secure digital card. This product will drive market growth during the forecast period, as Snooperscope is expected to become popular among passionate professional photographers and individual customers.

According to the report, night vision devices find high application in military equipment such as guns. Based on investments made in the military, the exhibit below lists the top 10 nations with the highest military expenses. However, the US leads, as the country experiences significant demand for night vision devices. The Future Soldier 2030 Initiative was launched by the US Army in 2009 with the objective to equip soldiers with advanced equipment, weapons, and body armor. This initiative will help increase the adoption of night vision devices in the US.

Further, the report states that the high cost of thermal imaging devices compared to night vision devices is its major disadvantage, which is hindering its adoption.

Key vendors

• Armasight
• ATN
• BAE Systems
• Elbit Systems
• FLIR Systems
• Harris
• L-3 Communications
• Meopta
• Newcon Optik
• Optix
• Sofradir EC
• Thales

Key Topics Covered:

PART 01: Executive summary - Highlights

PART 02: Scope of the report

- Market overview

PART 03: Market research methodology - Research methodology - Economic indicators

PART 04: Introduction

- Key market highlights

PART 05: Manufacturing process - Raw materials - Design - Manufacturing - Quality - Byproducts or waste

PART 06: Market landscape

- Market overview

- Market size and forecast

- Five forces analysis

PART 07: Market segmentation by product - Segmentation of global night vision devices market by product - Night vision goggles - Night vision cameras - Night vision scopes - Others

PART 08: Market segmentation by end-user

- Segmentation of global night vision devices market by end-user

- Military segment

- Civil segment

PART 09: Geographical segmentation - Segmentation of global night vision devices market by geography - Americas - EMEA - APAC

PART 10: Buying criteria

PART 11: Market drivers - Continuous investment in military segment - Night vision devices are less expensive compared to thermal imaging devices - Growing number of wildlife photographers

PART 12: Impact of drivers

PART 13: Market challenges - Adoption of thermal imaging devices - Ban on hunting - Government regulations on use of night vision devices

PART 14: Impact of drivers and challenges

PART 15: Market trends - Use of graphene for night vision devices - Adoption of Snooperscope in smartphones - Growing popularity of night vision system in automotive sector

PART 16: Vendor landscape

- Competitive scenario

- Vendor analysis

PART 17: Appendix

For more information visit http://www.researchandmarkets.com/research/wjkfmg/global_night

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SOURCE Research and Markets