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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124