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 Investment Chapter
The Night Vision Equipment Manufacturing industry is characterized by a moderate level of capital intensity. The industry requires significant machinery and equipment, which is used for researching, developing, manufacturing and testing new equipment. IBISWorld estimates that for every dollar spent on labor, industry companies allocate $0.14 toward capital.
Over the past five years, industry capital intensity has increased. As the number of features, designs and applications for night vision equipment grows, industry firms that want to gain market share and stay competitive need to expand their manufacturing equipment. Additionally, improved automation in the manufacturing process has reduced the industry's dependence on low-skilled labor... purchase to read more