Night Vision Scope Market Growing at a CAGR of 10.88% During 2017 to 2021

ReportsnReports.com adds Global Night Vision Scope Market 2017-2021, a latest research report. The global night vision scope market size is projected to reach USD 1,045.33 million by 2021, growing at a CAGR of close to 11% over the forecast period. The global night vision scope market analyst says one trend in market is image intensification in night vision scope. Image intensification, also known as I2, is gaining wide popularity.

These electrons are then multiplied using a cascading process before being reconverted back into visible light. They cover the near and visual infrared (V/NIR) spectrum from 0.4 to 0.9 microns but for is usually limited to the red end of this range for practical purposes. I2 has evolved over the years in terms of performance and product life improvement. As the I2 tube evolved to provide enhanced performance, lower cost and lighter weight of the existing ones can be easily upgraded. This is achieved by simply replacing Gen 1 I2 tube to a Gen 2 tube, and then, again to a Gen 3 tube. Apart from this, the slight adjustment may be required, depending on the actual device.

The following companies are the key players in the global night vision scope market: ATN, Newcon Optik, Night Optics, Bering Optics, and Armasight. Other Prominent Vendors in the market are: Harris, Firefield, Sightmark, Night Vision Depot, Tonbo Imaging, Canis Latran Sportsm, NiteSite, Luna Optics, General Starlight, Shobha Ano Prints, Night Owl Optics, Nivisys, Seiler Instrument, Summit Night Vision, MAXSUR, Swarovski, Zeiss, Nightforce, Meopta, Trijicon, Leica, Leupold, Schmidt & Bender, Meopta, Conquest, SIG SAUER, KAHLES Elcan, Vortex, Bushnell, and Forever Plus.

According to the night vision scope market report, one driver in market is increasing global military spending. Night vision devices were introduced during the Second World War. This was so because many countries such as the US, Russia, and Canada wanted to deploy this technology in weapons. The budget for military expenses increased between 1996 and 2011 and declined from 2012 to 2014. In 2015, the worldwide military expenses represented an increase of single digits when compared with 2015 in real terms. However, many countries increased their procurement budgets in 2015.

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