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