Night Vision Equipment Manufacturing
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.
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.