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 - Starting a New Business Chapter
Barriers to entry into the Night Vision Equipment Manufacturing industry are high. Companies must secure government contracts and invest heavily in R&D to remain competitive in a rapidly changing high-tech industry. To obtain large contracts with government agencies and other industries, firms must develop their reputation for quality and reliability. New entrants must invest significantly in marketing to secure initial contracts on which to build their reputations, especially when it comes to the consumer market.
Additionally, well-established, vertically integrated firms have great advantages in terms of efficiencies and cost savings... purchase to read more