Night Vision Device Market exhibit a growth of CAGR 7% through 2020 Night Vision Device Market | Page 15

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KEY INSIGHTS
 FLIR Completed acquisition of Lorex Technology, an online portal for night vision
and other security devices, for $60 Million in 2014.
 Night vision cameras and goggles remain the largest markets accounting for nearly 90%
of the market combined.
 Growing military budgets will propel adoption of night vision devices in the APAC
region, particularly in China and India.
 By 2017, Hidden object detection will become the largest market for night vision
devices surpassing military applications
 Military modernisation programs will continue to present a large market for night vision
devices.
 Performance issues with focal shift, color and sensitivity will hinder adoption in the
security market.