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 2020, the industry is projected to stabilize as defense and homeland security budgets are cut, yet demand from state and local governments rises.... purchase to read more
Industry Report - Industry Key Buyers Chapter
This industry has a medium level of market share concentration, with the four largest companies accounting for just over 40.0% of revenue in 2015. The top three industry players, Harris, L-3 Communications and FLIR Systems, generate an estimated 37.0%. The industry's remaining market share consists of smaller companies.
The market for night vision equipment manufacturing is competitive, where large and niche players compete on the basis of continued product innovation. The industry is characterized by a relatively stable number of players; contractors that have established relationships with the US military dominate the industry... purchase to read more