To estimate the size of the night vision devices market, the study utilized four major activities. Exhaustive secondary research was conducted to gather information on the market, as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were utilized to estimate the market size for different segments and subsegments.
Secondary Research
In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the night vision devices market. Secondary sources for this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.
List of key secondary sources
Primary Research
To gather insights on market statistics, revenue data, market breakdowns, size estimations, and forecasting, primary interviews were conducted. Additionally, primary research was used to comprehend the various technology, application, vertical, and regional trends. Interviews with stakeholders from the demand side, including CIOs, CTOs, CSOs, and customer/end-user installation teams using night vision devices, were also conducted to understand their perspective on suppliers, products, component providers, and their current and future use of night vision devices, which will impact the overall market. Several primary interviews were conducted across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
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Market Size Estimation
To estimate and validate the size of the night vision devices market and its submarkets, both top-down and bottom-up approaches were utilized. Secondary research was conducted to identify the key players in the market, and primary and secondary research was used to determine their market share in specific regions. The entire process involved studying the annual and financial reports of top players and conducting extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives. Secondary sources were used to determine all percentage shares and breakdowns, which were then verified through primary sources. All parameters that could impact the markets covered in this research study were accounted for, analyzed in detail, verified through primary research, and consolidated to obtain the final quantitative and qualitative data.
Global Night vision devices Market Size: Botton Up Approach
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Identifying various night vision devices manufacturers
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Analyzing the penetration of each component through secondary and primary research
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Analyzing integration of night vision devices in different applications through secondary and primary research
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Conducting multiple discussions with key opinion leaders to understand the detailed working of night vision devices and their implementation in multiple industries; this helped analyze the break-up of the scope of work carried out by each major company
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Verifying and cross-checking the estimates at every level with key opinion leaders, including CEOs, directors, operation managers, and finally with the domain experts at MarketsandMarkets
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Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases
Global Night vision devices Market Size: Top Down Approach
The top-down approach has been used to estimate and validate the total size of the night vision devices market.
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Focusing initially on the R&D investments and expenditures being made in the ecosystem of the night vision devices market; further splitting the market on the basis of component, interface, focus type, pixel, application, and region and listing the key developments
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Identifying leading players in the night vision devices market through secondary research and verifying them through brief discussions with industry experts
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Analyzing revenue, product mix, geographic presence, and key applications for which products are served by all identified players to estimate and arrive at percentage splits for all key segments
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Discussing splits with industry experts to validate the information and identify key growth pockets across all key segments
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Breaking down the total market based on verified splits and key growth pockets across all segments
Data Triangulation
Once the overall size of the night vision devices market was determined using the methods described above, it was divided into multiple segments and subsegments. Market engineering was performed for each segment and subsegment using market breakdown and data triangulation methods, as applicable, to obtain accurate statistics. To triangulate the data, various factors and trends from the demand and supply sides were studied. The market was validated using both top-down and bottom-up approaches.
Market Definition
A night vision device is an electro-optic instrument designed to enhance a person’s ability to see in low-light or nighttime conditions, where natural light is insufficient for human vision. These devices work by capturing and amplifying available light or other forms of electromagnetic radiation, such as infrared or thermal radiation, to make objects and scenes visible in the dark. They utilize various technologies, including image intensification, thermal imaging, and digital and infrared illumination, to capture and amplify existing ambient light or thermal radiation, making objects visible in the dark. Common examples of night vision devices include night vision goggles, monoculars, binoculars, scopes, and cameras. They are used in various fields, such as night driving or flying, night security & surveillance, law enforcement, military, navigation, entertainment, hidden-object detection, wildlife observation, and search & rescue.
Key Stakeholders
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Suppliers of raw materials
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Technology investors
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Original equipment manufacturers (OEMs)
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Third-party service providers
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Government labs
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In-house testing labs
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System integrators
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Distributors, resellers, and traders
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Research institutions and organizations
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Night vision devices forums, alliances, consortiums, and associations
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Market research and consulting firms
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End users
Report Objectives
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To define, describe, and forecast the night vision devices market based on device type, technology, mounting type, application and region.
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To forecast the shipment data of night vision devices market based on offerings.
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To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
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To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
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To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
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To study the complete value chain and allied industry segments and perform a value chain analysis of the market.
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To strategically profile the key players and comprehensively analyze their market shares and core competencies.
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To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market.
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To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and research & development (R&D) in the market
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To analyze the impact of the recession on the night vision devices market
Available customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
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Detailed analysis and profiling of additional market players (up to 5)
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Additional country-level analysis of the night vision devices market
Product Analysis
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Product matrix, which provides a detailed comparison of the product portfolio of each company in the night vision devices market.
Growth opportunities and latent adjacency in Night Vision Device Market