#Weapon #Night #Sight #Market #Hit #Billion
Portland, OR, Oct. 28, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global weapon night sight market accrued revenue worth $1.0 billion in 2021, and will reach $1.8 billion by 2031, registering a CAGR of 6.2% from 2022 to 2031. The market research report offers a comprehensive analysis of oscillating industry trends, top segments, value chains, major investment business scenarios, regional landscape, and competitive space. The study is a major source of information for giant players, entrepreneurs, owners, and managers in creating new business plans for the future and taking steps to improve their market position. The report demonstrates an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly evolving market.
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Weapon Night Sight Industry Report Coverage & Details:
Report Coverage | Details |
Forecast Period | 2022-2031 |
Base Year | 2021 |
Market Size in 2021 | $1.0 Billion |
Market Size in 2031 | $1.8 Billion |
CAGR | 6.2% |
No. of Pages in Report | 250 |
Segments Covered | Product Type, Platform, Technology, and Region. |
Drivers | Surge in spending on defense activities and favorable government policies aimed at protecting national borders. |
Opportunities | Upgradation of defense equipment. |
Restraints | Huge costs of weapon night sight equipment. |
Covid-19 Scenario
- The COVID-19 outbreak negatively impacted global weapon night sight market growth due to the unavailability of raw materials and the revenue crunch during the pandemic.
- Disruptions in supply chain operations and delays in the purchase of weapon night sight equipment due to trade restrictions adversely impacted the global market growth during the COVID-19 period.
The report offers an in-depth division of the global weapon night sight market based…
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