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Night Vision Equipment Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Night Vision Equipment Manufacturing Market Research Report | Technology | Scientific Systems & Devices | Oct 2015

Into the night: Reduced defense spending will force NVD manufacturers to seek new markets

IBISWorld’s Night Vision Equipment Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
FLIR FLIR market share
Harris Corporation Harris Corporation market share
L-3 Communications Holdings Inc. L-3 Communications Holdings Inc. market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 10-15
-5.9%
Annual Growth 15-20
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Profit
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Employment
9,371
Businesses
38
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 Analysis Chapter

Over the past five years, the Night Vision Equipment Manufacturing industry’s prospects darkened. Industry operators manufacture a wide range of night vision devices (NVDs) such as night vision scopes, goggles, binoculars, cameras and related components. Due to the wars in Iraq and Afghanistan, as well as anti-terror operations, demand for industry products skyrocketed in the years before the five-year period. However, as the United States began to wind down its combat operations in the Middle East, and local and state governments found it difficult to buy industry products for their law enforcement agencies amid the financial crisis, demand for industry products plunged... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Night Vision Equipment Manufacturing Industry?

This industry manufactures night vision devices and components. This includes imaging devices that use image intensification, active illumination and thermal vision technology. Example of products include, night vision goggles, thermal imaging cameras and various sensor systems.

Industry Products
Infrared systemsLight amplification systems
 
Industry Activities
Developing night vision devicesManufacturing night vision devices


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