Weapon Night Sight Market : Imaging Intensifier, Thermal Imaging 2021-2031

Weapon Night Sight Market by Product Type (Gun-Mounted Weapon Night Sight, Vehicle-Mounted Weapon Night Sight), by Platform (Ground-based, Air-based, Sea-based), by Technology (Imaging Intensifier, Thermal Imaging, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.
The global weapon night sight market accrued revenue worth $1.0 billion in 2021, and will reach $1.8 billion by 2031, registering a CAGR of 6.2% from 2022 to 2031.

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Covid-19 Scenario

  • The COVID-19 outbreak negatively impacted global weapon night sight market growth due to the unavailability of raw materials and the revenue crunch during the pandemic.
  • Disruptions in supply chain operations and delays in the purchase of weapon night sight equipment due to trade restrictions adversely impacted the global market growth during the COVID-19 period.

On basis of the technology, the thermal imaging segment accounted for a major share of the global market in 2021, contributing more than half of the global weapon night sight market share. Moreover, the segment is set to maintain its dominance during the forecast period. Nevertheless, the imaging intensifier segment is anticipated to record the fastest CAGR of nearly 7.4% from 2022 to 2031.

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The report evaluates these key participants in the global weapon night sight industry. These participants have executed a slew of major business plans such as the extension of the consumer base, technology innovation, strategic partnerships, and collaborations for enhancing penetration of new technologies in the global markets and establishing strong market growth globally. The market study report helps in monitoring the performance of each segment along with examining the effect of new technology launches on the overall market earnings. 

Similar Reports We Have on Defense Industry:

Weapon Mounts Market Research Report 2020–2030

Ground Weapon Mounts Market Research Report 2020–2030

Electrical Weapon Market by Product Research Report 2021–2030

Night Vision Devices Market for Defense and Government Application Research Report 2019-2030

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