Research and Markets: Global Night Vision Devices Market to Reach $14B by 2020

night-vision gogglesResearch and Markets has released a new report that predicts the global night vision devices market will grow from $11 billion in 2013 to $14 billion by 2020.

The growth estimate represents a 2.98 percent compound annual growth rate during the forecast period, Research and Markets said Thursday.

Research and Markets noted in the report that the U.S. military budget for the year 2015 hits $637 billion, and that other countries increase their investments in military upgrades.

The report profiles tier-one market players such as:

  • American Technologies Network
  • Armasight
  • Aurora Tactical
  • Carson Industries
  • Exelis
  • FLIR Systems
  • Hoffman Engineering
  • Intevac Photonics
  • L-3 Warrior Systems
  • Lexel Imaging System
  • Meopta U.S.A.
  • Newcon Optik
  • Nightline
  • Nivisys
  • N-Vision Optics
  • Photonis USA
  • ProxiVision
  • SAT Infrared Technology
  • Spectroscopy Instruments GMBH
  • Thermoteknix Systems
  • Topag Lasertecknic

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