Industry Analysis & Industry Trends
Over the past five years, conditions got dimmer for the Night Vision Equipment Manufacturing industry. The industry was minimally affected by the economic downturn, however, the recession eventually strained local and state government budgets, with governments having to cut down spending on law enforcement, including industry products, in order to balance their rising deficits. Additionally, the withdrawal of troops from the Middle East caused federal funding for defense to contract as well, adding to the decline in revenue. In the five years to 2019, the industry is projected to continue declining as defense and homeland security budgets are cut along with a decrease in US conflict involvement. Although, the decline will be partially mitigated by the advancement in technology.... purchase to read more
Industry Report - Industry Locations Chapter
The Night Vision Equipment Manufacturing industry's geographical spread has not changed significantly during the past few years due to its low number of establishments (61 in 2014). The industry is mainly concentrated in states with high-tech industries and locations that are close to suppliers and highly skilled labor. Firms also look for locations that have easy access to ports, as many firms import components of night vision equipment.
The West has the largest amount of establishments, making up about 25.7% of locations. Major industry player FLIR Systems is headquartered in Oregon. Within this region, a large portion of industry activity is located in California, which is consistent with the state's large technology sector... purchase to read more