Global Weapon Night Sight Market Growth Analysis - Forecast Trends and Outlook (2024-2032)

Global Weapon Night Sight Market Size

The global weapon night sight market size reached a value of approximately USD 8.56 billion in 2023. The market is further expected to grow at a CAGR of 8.3% between 2024 and 2032, reaching a value of USD 17.54 billion by 2032.

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Key Trends in the Market

Weapon night sight refers to devices that are used with weaponry to enable imaging and viewing during night-time and under poor lighting conditions. These devices offer a significant operational edge in modern warfare aiding dismounted soldiers, snipers, and marksmen. Such devices are easily mounted on various small arms and weapons.

• The key weapon night sight market trends include rising acts of terrorism and border conflicts across several regions around the globe. Such factors are anticipated to increase the production and deployment of weapon night sights for military professionals over the forecast period.

• Increasing investments by various governments to update military equipment is another crucial trend aiding the growth of the market. Weapon night sight devices aid in accurately detecting the target during night-time or under poor lighting conditions which in turn enable the proper execution of military operations.

• Provision of clearer images by these technologically advanced devices is another key trend contributing towards weapon night sight market growth. Advanced imaging and viewing devices enable military personnel to get an effective view of the field and detect enemy vehicles and dismounted soldiers, among other aspects.

Global Weapon Night Sight Market Analysis

On the basis of product type, the market is bifurcated into gun-mounted, and vehicle-mounted. Based on platform, the market is segmented into ground-based, air-based, and sea-based. On the basis of technology, the market is classified into thermal imaging, and imaging intensifier, among others. Based on region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global weapon night sight market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• L3Harris Technologies, Inc.

• BAE Systems Plc

• Thales Group

• Elbit Systems Ltd.

• Raytheon Technologies Corporation

• Excelitas Technologies Corp.

• Leonardo DRS, Inc.

• Rheinmetall AG

• Teledyne FLIR LLC

• Rolta India Limited

• Others

Global Weapon Night Sight Market Share by Platform

On the basis of platform, ground-based holds a sizable share of the market for weapon night sight due to increasing land-based border disputes and rising incidences of civil conflicts. Weapon night sights also aid dismounted soldiers to improve visibility so as to enhance their night firing capabilities in various ground-based combat missions. Various initiatives for modernising military have been undertaken by various governments around the globe, these include remote weapon stations, and procurement of devices to enhance surveillance and navigation, among others. This in turn is anticipated to boost the demand for weapon night sights over the forecast period.

Global Weapon Night Sight Market Share by Region

The Asia Pacific accounts for a growing share of the weapon night sight market owing to extensive investments by the various governments in the region to improve military and defence capabilities. Increasing conflicts and acts of terrorism are propelling the demand for weapon night sights as these devices aid in enhancing the viewing capabilities during harsh atmospheric conditions as well as night. Applications such as tracking, navigation, and surveillance, are carried out efficiently with the aid of weapon night sight devices.

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Competitive Landscape of Weapon Night Sight Industry

L3Harris Technologies, Inc. is an aerospace and defence company that was founded in 2019 and is based in Florida, United States. Their expertise lies in wireless equipment, avionic and electronic systems, tactical radios, and night vision equipment, among others.

BAE Systems Plc is a defence and space manufacturing company that was founded in 1999 and is headquartered in Farnborough, United Kingdom. They are one of the largest defence contractors across the globe with major market bases in Australia, Oman, Saudi Arabia, Turkey, Sweden, India, Qatar, and Japan, among others.

Thales Group is an IT services and consulting company that was founded in 2000 and is based in Paris, France. The group regularly invests in deep tech and digital innovations such as artificial intelligence, big data, quantum technology, cybersecurity, and connectivity to build a better future.

Other market players include Elbit Systems Ltd., Raytheon Technologies Corporation, Excelitas Technologies Corp., Leonardo DRS, Inc., Rheinmetall AG, Teledyne FLIR LLC, and Rolta India Limited, among others.

Key Highlights of the Report

Weapon Night Sight Market Report Snapshots

Weapon Night Sight Market Size

Weapon Night Sight Market Analysis

Weapon Night Sight Market Share

Weapon Night Sight Companies