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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 | Aug 2014

In the dark: Reduced defense spending will constrain revenue for NVD manufacturers

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
Exelis Exelis market share
FLIR FLIR market share
L-3 Communications Holdings Inc. L-3 Communications Holdings Inc. market share
Industry Statistics & Market Size
Revenue
$560m
Annual Growth 09-14
-4.7%
Annual Growth 14-19
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Profit
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Employment
1,622
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 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 Key Buyers Chapter

This industry has a medium level of market share concentration, with the four largest companies accounting for about 67.60% of revenue in 2014. The top three industry players, Exelis, L-3 Communications and FLIR Systems, generate an estimated 62.37%. 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. In the five years to 2019, IBISWorld projects that industry consolidation will increase slightly as firms seek to increase market share... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Night Vision Equipment Manufacturing Industry?

This industry manufactures night vision devices. These devices include image intensifier tubes, which are protective and generally water-resistant housing and mounting systems.

Industry Products
Night vision gogglesNight vision monocular scopesNight vision binoculars
 
Industry Activities
Developing night vision devicesManufacturing night vision devices


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