Night Vision Device Market Companies Profile & Technology Analysis Report
iCrowd Newswire was valued at USD 5.78 billion in 2018 which is expected to reach USD USD16.32 billion by 2027 at a CAGR 8.2%.
Night vision devices are also referred as night optical/observation device. It is type of optical instrument that produces image in levels of light in darkness. Mainly these devices are classified into three types such as Night Vision Camera, Night Vision Goggle, and Night Vision Scope.
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Increase in military budget in various regions and upgradation of current devices in defense sector are the driving factors which are expected to propel the global night vision devices market growth. Furthermore, raise in usage of night vision devices for tracking suspicious and vehicles will have the positive impact on market growth. Moreover, increase in adoption of these devices in commercial vehicles and luxury cars are expected to boost the marke
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NEW YORK, May 27, 2021 /PRNewswire/ Global sales of tunnel detection systems are set to be valued at over US$ 1.2 Bn in 2021, with stable long-term projections for the market, according to latest insights by Persistence Market Research. The report estimates the market to expand at around 5% CAGR from 2021 to 2031. Growing need for precise flow measurement technologies has led to heightened demand for tunnel detection systems from sectors such as oil & gas, power generation, and chemicals. Rapid technological advancements are also projected to complement market growth over the coming years.
Persistence Market Research
Demand for tunnel detection systems witnessed a slump in 2020 due to prudent rate of investments undertaken by end users during the COVID-19 outbreak. However, the defence sector, being a key end user of this equipment, is expected to augment sales over the coming years. Considering the possibility of a stimulus in many countri
Operator
Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems First Quarter 2021 Results Conference Call. [Operator Instructions] As a reminder this conference is being recorded. You should have all received by now the company s press release that is available in the News section of the company s website at www.elbitsystems.com.
I would now like to hand over the call to Rami Myerson, Elbit Systems Investor Relations Director. Rami, please go ahead.
Rami Myerson
Director, Investor Relations
Thank you, Braka. Good day, everyone, and welcome to our first quarter 2021 earnings call. On the call with me today are Butzi Machlis, our President and CEO; and Yossi Gaspar, our Chief Financial Officer. Before we begin, I would like to point out that the Safe Harbor statement in the company s press release issued earlier today also refers to the contents of this conference call. As we do every quarter, we will provide you with both our regular GAAP financial data as