Posted on Feb 8, 2016
Night vision market to reach $7.7 billion by 2020
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The global night vision market will reach $7.7 billion by 2020, according to a forecast by market research firm Markets and Markets. This reflects a compound annual growth rate of 8.8 percent over $5.1 billion in 2015.
Night vision devices have many military and civilian applications, as well as being used for paranormal research, the report noted.
North America will account for a large percentage of the market while the Asia-Pacific region is predicted to register strong growth due to constant upgrades in technology "as well as an increase in the use of night vision devices for civil and commercial applications," according to the report.
Night vision devices have many military and civilian applications, as well as being used for paranormal research, the report noted.
North America will account for a large percentage of the market while the Asia-Pacific region is predicted to register strong growth due to constant upgrades in technology "as well as an increase in the use of night vision devices for civil and commercial applications," according to the report.
Night vision market to reach $7.7 billion by 2020
Posted from c4isrnet.comPosted in these groups: 
Technology
Technology
Posted >1 y ago
Responses: 3
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that's good,with technology moving by leaps and bounds,and the avid outdoors man,military,police, etc, FLIR has the market on this product
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Wow that is a heft chuck of change SFC Joe S. Davis Jr., MSM, DSL. Night vision is very important to the military, police and security forces as well as hunters so the figure is not surprising.
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