Night Vision Equipment Manufacturing
Over the five years to 2016, conditions dimmed for the Night Vision Equipment Manufacturing industry. The longer term impact of the recession eventually strained local and state government budgets, with governments having to cut spending on law enforcement to balance their rising deficits. Moreover, greater federal budget deficit concerns and the withdrawal of troops from the Middle East caused federal funding for defense to contract. Consequently, demand for industry products plunged from previously abnormal levels. Therefore, in the five years to 2016, industry revenue is expected to decline. The industry is projected to stabilize over the next five years, as defense and homeland security budgets bottom out. In particular, demand will be bolstered by the need to replace older and nearly obsolete night vision devices as technologies advance and demand from commercial operators and local and state governments increases. Moreover, strong foreign military demand for industry products will further support revenue growth.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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