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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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.
Weapon Night Sight Market Report Snapshots
Weapon Night Sight Market Size
Weapon Night Sight Market Analysis
Weapon Night Sight Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market for weapon night sight reached a value of approximately USD 8.56 billion in 2023.
The market for weapon night sight is expected to grow at a CAGR of 8.3% between 2024 and 2032.
The market for weapon night sight is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 17.54 billion by 2032.
The major market drivers include growing requirement of energy efficient light sources for military operations and increasing investments by various governments to update military equipment.
The key trends fuelling the growth of the market include rising acts of terrorism and border conflicts, increasing investments towards research and development activities by key players in the market, and technological advancements.
The primary product types of weapon night sight in the market are gun-mounted, and vehicle-mounted.
The significant technologies of weapon night sight in the market include thermal imaging, and imaging intensifier, among others.
The key players in the global weapon night sight market are 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, and Rolta India Limited, among others.
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