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    Weapon Night Sight Market Report

    Weapon Night Sight Market Report
    Report code - SR1959 Published On : Apr,2022 No. of Pages: 135
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    Weapon Night Sight Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    Market Highlights

    Weapon night sights provide a major operational edge in the current generation of warfare, meeting the needs of the dismounted soldiers, marksmen, and snipers. These sighting devices can be mounted on a variety of weapons and small arms. They aid in accurate target detection, in poor light conditions, and during nighttime, providing vital information for the execution of military operations. These systems are integrated with the guns carried by armed troops and military vehicles. They provide clearer images and present an effective field of view for dismounted soldiers and vehicles for enemy sighting and combat operations. These weapon night sights are used by military forces across the globe, to execute successful stealth military operations.

    There has been an unprecedented demand for weapon night sights in recent years as a number of military operations. such as counter-terrorism and anti-militant missions that occur during the night hours or under poor visibility conditions. As a result, there have been significant investments directed at these systems by the defense authorities, which has radically influenced the market growth. Some of them are:

    • In December 2021, Thales launched their XTRAIM weapon sight, offering day/night de camouflage capabilities for dismounted soldiers. It is a lightweight device and is compatible with a variety of weapons, such as light machine guns and shoulder-fired assault rifles, providing soldiers with an unparalleled precise night-firing capability.
    • Similarly, in January 2019, EOTech, a division of L3Harris Technologies, Inc., signed a five-year contract worth US$ 26.3 million with the US Special Operations Command (USSOCOM), to provide the US armed troops with the latest holographic weapon sights and G33 clip-on magnifier optics.

    With such developments, coupled with the rising border conflicts, anti-terrorist missions, and the current Russia-Ukraine war, it is expected that there would be massive growth in the overall production and deployment of these weapon night sights for military personnel. As a result, the overall weapon night sight market is estimated to grow at a decent CAGR of 5.0% during the forecast period to reach a value of US$ 2.9 Billion in 2027.

    Market Segments' Analysis

    Based on the product type, the weapon night sight market is segmented as gun-mounted and vehicle-mounted weapon night sights. between these product types, gun-mounted weapon night sight holds the dominant share and is also likely to continue its supremacy throughout the forecast period. It is primarily due to its wide usage, lower cost, portability feature, and easy-to-use interface. These systems are largely used by armed forces on stealth missions.

    Based on the platform type, the market is bifurcated into ground-based, air-based, and naval-based platforms. As these devices are frequently used by dismounted soldiers for enhanced night-firing capabilities in several ground-based combat missions, the ground-based platform is likely to continue as the major demand generator for weapon night sights in the coming years.

    Similarly, based on the technology type, the weapon night sight market is classified as image intensification technology, thermal technology, and fusion technology. All three technology types are further bifurcated with the sole aim to provide a panoramic view of the market. Image intensification is divided into generation I-III and IV systems. Similarly, thermal night sights are segmented into SWIR, MWIR, and LWIR, and fused night sights into optical and digital image integration. In recent years, weapon night sights embedded with thermal technology have generated a large demand. This is because the performance of thermal weapon sights is not affected by the absence of a light source, as they work exclusively on detecting the heat radiations of the target and their surroundings. Therefore, with the increasing anti-terrorism missions across the globe, the demand for thermal weapon night sights is expected to increase.

    In terms of regions, North America is likely to maintain its supremacy in the weapon night sight market throughout the forecast period. As the weapon night sights substantially augment the night-firing capabilities of the armed forces, the US DoD has been extensively investing in them. Moreover, the region is the home to the major companies in the market such as L3Harris Technologies, Inc., Raytheon Technologies Corporation, and Elbit Systems Ltd., which are among the major contractors for the regional defense authorities.

    Key Players

    There is stiff competition in the weapon night sight market. The companies differentiate their products based on technology type and quality. Their overall market growth runs parallel to the government support and industry conditions. Also, there have been some major mergers and acquisitions in the industry in recent years, which have significantly influenced the competitive dynamics. For example:

    • In April 2020, Raytheon Technologies was formed through the merger of Raytheon Corporation and United Technologies Corporation.
    • In September 2019, Elbit Systems of America, LLC acquired the night vision business segment of Harris Corporation (now L3Harris Technologies, Inc.) for US$ 350 million.
    • Similarly, in June 2019, L3 Technologies merged its business operations with Harris Corporation, to form L3Harris Technologies, Inc.

    The overall competitive landscape has been affected as a result of these mergers and acquisitions. The following are the major players in the weapon night sight market:

    • L3Harris Technologies, Inc.
    • BAE Systems
    • Thales Group
    • Elbit Systems Ltd.
    • Raytheon Technologies

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s weapon night sight market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The weapon night sight market is segmented into the following categories:

    Weapon Night Sight Market, by Product Type

    • Gun-Mounted Weapon Night Sight (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Vehicle-Mounted Weapon Night Sight (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Weapon Night Sight Market, by Technology Type

    • Image Intensification Technology
      • (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
      • (Technology-Type Analysis: Gen I-III and Gen IV)
    • Thermal Technology
      • (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
      • (Technology-Type Analysis: SWIR, MWIR, and LWIR)
    • Fusion Technology
      • (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
      • (Technology-Type Analysis: Optical and Digital)

    Weapon Night Sight Market, by Platform Type

    • Ground-based Platform (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Airborne Platform (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Naval-based Platform (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Weapon Night Sight Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, Israel, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    A Bird's Eye View of the Market

    The weapon night sight market is estimated to grow at a healthy CAGR of 5% in the coming five years. The projected growth is due to the rising usage of weapon night sights by dismounted soldiers across the globe, for the provision of unmatched night-firing capabilities.

    L3Harris Technologies, Inc., BAE Systems, Thales Group, Elbit Systems Ltd., and Raytheon Technologies are some of the key players in the weapon night sight market. These companies have been efficacious in securing several orders from different defense authorities related to night vision devices including weapon night sights.

    The North American region is likely to be dominant in the weapon night sight market in the coming years. This is attributed to the sheer presence of the leading companies in the market, such as L3Harris Technologies, Inc., Elbit Systems of America, and Raytheon Technologies, which are among the major contractors for the US Department of Defense (DoD) for weapon night sights.

    The Asia-Pacific region is estimated to grow at the fastest pace in the weapon night sight market in the coming years. The rising regional border conflicts and anti-terrorist missions along with the growing military expenditure are expected to drive the regional market growth.


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