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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.
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.
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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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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