6wresearch logo

India Night Vision Device Market (2016-2022)-6Wresearch

August 16, 2016

Surging Defense Spending, Need to Tighten Border Security and Introduction of 100% FDI in Defense Sector would Spur India's Night Vision Device Market- 6Wresearch

Rising terrorist activities, border intrusion from northern, western and eastern borders, civil unrest, increasing defense spending and growing localization of defense equipment have led for the growth of Night Vision Devices (NVDs) in India. After the introduction of Government of India's "Make in India" campaign in 2014, the defense sector witnessed entry of various international players.

According to 6Wresearch, India Night Vision Device (NVD) market is forecast to reach $215 million by 2022. In 2016, Indian government eased FDI limit in defense sector from 49% to 100%, which is expected to significantly boost domestic manufacturing of various equipment including night vision devices in the coming years. Additionally, domestic companies are collaborating with foreign counterparts for manufacturing state of the art NVDs for Indian armed forces.

Army application accounted for highest deployment of NVDs followed by air force and navy application. NVDs are primarily used by infantry units, armored division, mechanized infantry vehicle, and army aviation corps.

According to Prijo Samuel, Assistant Manager, Research and Consulting, 6Wresearch, "in India, NVDs are widely deployed in border security & surveillance segments, especially in regions such as northern, western and north-eastern. Government has earmarked nearly $12.9 billion for tri-services in defense budget 2016-17, which in turn is expected to drive the purchase of next-generation NVDs", Samuel further added.

According to Akash Shukla, Research Analyst, Research and Consulting, 6Wresearch, "Indian government is set to invest about $80-100 billion in next 5-7 years for modernizing armed forces with new defense equipment and to replace obsolete ones.

Also, Indian army is gradually raising 17th Mountain Strike Corps for guarding North-Eastern frontiers, where 90 units have been raised out of 250 sanctioned. Rest of the units are anticipated to be raised by 2021, which would drive the demand for NVDs through the forecast period.

Presently, fixed-mounted NVDs accounted for highest revenue share owing to several defense upgrade projects including modernization of combat aircraft with next-generation avionics and night vision systems," Akash concluded.

The key players in India's night vison device market are namely- Bharat Electronics, Elbit Systems, and Thales. India NVD market is a highly consolidated, where above mentioned players have captured major share.

"India Night Vision Devices Market (2016-2022)" provides in-depth analysis with 33 figures and 8 tables covered in 80+ pages. The report estimates and forecast overall India Night Vision Devices/ Systems market by revenue, by type such as fixed-mounted, handheld, scope and head-mounted. The report also gives insights on price trends, market trends, competitive landscape, company profiles, market drivers and restraints.

Media Source: Open PR

      Browse More Report

India LED Lighting Market (2017-2023)

Market Forecast by Types (LED Lamps (Self-Ballasted, Down Lighters and Street Lights) and LED Luminaires (Indoor and Outdoor Luminaires)), By Wattage (Upto 5W, 6W-10W, 11W-15W, 16W-20W and Above 20W), Applications (Outdoor Lighting, Indoor Lighting ...

Read More

Saudi Arabia Diesel Genset Rental Market (2017-2022)

Market Forecast by KVA Rating (Below 100 KVA, 100.1 KVA- 350 KVA, 350.1 KVA-750 KVA, 750.1 KVA-1000 KVA and Above 1000 KVA), Applications (Power Utilities, Oil & Gas, Construction, Manufacturing, Quarrying and Mining and Others)

Read More

Latin America Asphalt Paver Market (2017-2022)

Market Forecast by Types (Wheeled and Tracked Asphalt Pavers), Technologies (Hydrostatic and Mechanical), Paving Width (<2.5m, 2.5-5m and >5m) and Countries (Mexico, Brazil, Argentina, Colombia, Chile and Others)

Read More

GCC Medium Voltage Switchgear Market (2017-2023)

Market Forecast by Insulation (AIS, GIS and Others), Applications (Oil & Gas, Industrial, Infrastructure & Transportation, Commercial and Power Utilities) and Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain)

Read More

GCC Air Conditioner Market (2017-2023)

Market Forecast by Air Conditioners Types (Window AC, Split AC, Ceiling Concealed/ Ducted Split, Packaged AC, Suspended AC, Floor Standing AC, Cassette AC and Centralized AC (Chiller, VRF, Condensing Unit and AHU/FCU)), Applications

Read More

Japan Video Surveillance Systems Market (2017-2023)

Market Forecast by Types (Analog, IP and Video Surveillance Software), Verticals (Banking & Financial Institutions, Government & Transportation, Retail, Commercial Offices, Industrial & Manufacturing, Residential, Hospitality & Healthcare and Educational Institutions)

Read More

India Power & Distribution Transformer Market (2017-2022)

Market Forecast by Types (Power Transformer and Distribution Transformer), Power Rating (Power Transformer (5.1 MVA – 50 MVA, 50.1 MVA – 160 MVA, 160.1 MVA – 350 MVA and Above 350 MVA) and Distribution Transformer (Up to 100 kVA, 100.1 – 315 kVA and 315.1 – 5 MVA)

Read More

India Output Management Software Market for SME Segment (2016-2022)

Market Forecast by Segments (On-Premise Output Management Software and Cloud Output Management Software), Regions (Northern, Southern, Eastern and Western) and Competitive Landscape)

Read More


Our Key Clients
6wreserach client list