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DoD Night Vision Devices Market Falls Due to Procurement Program Completions and Budget Cuts Finds Frost & Sullivan - Frost & Sullivan: Uncertain requirements for next generation warfare slows the market but significant opportunities exist in foreign military sales - Defense.Frost.com
DoD Night Vision Devices Market Falls Due to Procurement Program Completions and Budget Cuts Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2014/07/23 - Frost & Sullivan: Uncertain requirements for next generation warfare slows the market but significant opportunities exist in foreign military sales - Defense.Frost.com.

   
 
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Though the night vision device market continues to innovate, budget cuts are stifling research and development (R&D), and procurement of advanced image intensification (I2), infrared (IR)/thermal, and fused night vision technologies. The completion of large procurement programs and only a few significant new start programs will cause the funding for night vision devices to decline by a compound annual growth rate of 8.20 percent between 2013 and 2018.

New analysis from Frost & Sullivan’s US DoD Night Vision Devices Market finds the market earned revenue of $1.06 billion in 2013 and estimates this to decrease to $0.69 billion in 2018. The study segments DoD night vision devices into airborne, fixed, ground mobile, man portable, maritime, and miscellaneous categories.

For complimentary access to more information on this analysis, please visit: bit.ly/WyduFK

Owing to the reduction in funds, the night vision device market has been striving to identify the segments that warrant the highest focus with respect to sensor upgrades and technological advances.

"It is likely that future warfare will be conducted with fewer dismounted troops and more unmanned air and ground vehicles," said Frost & Sullivan Aerospace & Defense Senior Industry Analyst Michael Blades ([.]MikeSBlades). "Consequently, it is a challenge to determine the number, type and size of night vision devices."

Size, weight and power usage (SWaP) has been driving innovation and attracting investments. Participants have been making significant efforts to decrease SWaP, as they consider it necessary to remain competitive in a shrinking market. Companies that are willing to invest in their own SWaP R&D as well as diversify into commercial markets are likely to become technology and market leaders.

Considering the current growth levels, it is unlikely that new U.S. companies will compete in the DoD night vision device market. Moreover, the advanced technology for manufacturing IR camera cores (cooled and uncooled), I2 tubes, and the associated optics, is not conducive to market entrants.

"Intensifying competition from foreign companies that do not need to comply with the U.S.’s self-imposed International Trade in Arms Regulations restrictions could also hinder U.S. companies’ global expansion plans," noted Blades. "Therefore, in this complicated landscape, participants are expected to increasingly collaborate with foreign players to benefit from synergies."

US DoD Night Vision Devices Market is part of the Defense (defense.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Helicopter & Systems Market: Capturing Growth Opportunities across the Rotorcraft Industry; Global Commercial UAS Market Assessment; Emerging Applications for UAS across Global Government and Commercial Sectors; Global Force Protection Market; and Global Nuclear Security Market Insight. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

US DoD Night Vision Devices Market / ND34-16

 
 
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DoD Night Vision Devices Market Falls Due to Procurement Program Completions and Budget Cuts Finds Frost & Sullivan

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Frost & Sullivan | DoD Night Vision
Contact: Jennifer Carson - Frost.com 
210-247-2450 jennifer.carson[.]frost.com
 
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