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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 SWOT Analysis Chapter

The Night Vision Equipment Manufacturing industry is in the mature stage of its life cycle. In the 10 years to 2020, industry value added (IVA), which measures an industry's contribution to GDP, is forecast to increase at an annualized 1.6%, while GDP grows at an annualized 2.5%. While IVA growth below that of GDP typically indicates an industry in decline, a large part of the Night Vision Equipment Manufacturing industry's underperformance can be linked to normalization of demand. In the years leading up to 2010, US combat operations in Iraq and Afghanistan caused military demand for industry products to skyrocket. However, with the wars coming to an end and the government trying to reduce its deficit, the defense budget was cut, with spending on industry goods plunging... 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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