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US DoD Night Vision Devices Market

  • May 2014
  • 91 pages
  • Frost & Sullivan
Report ID: 2153840

Summary

Table of Contents

Advanced Technologies and Capabilities Attainable but Development Stifled by Budget Constraints

As the DoD's discretionary spending continues to decrease, investments in the night vision device market will also decrease. Redeployments from large ground occupations in Iraq and Afghanistan will reduce the need for man portable devices, while the DoD's strategic pivot to the Asia-Pacific region will drive demand for airborne and maritime night vision devices. Overall, research and development investments in the night vision device market will decrease, and the industry will be forced to fund more internal research to stay ahead of competitors. While the domestic military market for night vision devices will stall, foreign sales will continue create significant opportunities for US companies, especially if trade restrictions are relaxed.

Key Findings

-The Department of Defense (DoD) budget request in the 2014 President’s Budget (PB) is $ billion, which includes $ billion for overseas contingency operations (OCO) funding. The 2015 PB was released as this study was being completed and could not be included in the analysis.
-According to the Budget Control Act (BCA) of 2011, the DoD budget for 2014 cannot exceed $ billion. Excluding OCO, the 2014 PB requested $ billion, or $ billion over the maximum allowed.
-Night vision (NV) device funding is expected to see a negative % compound annual growth rate (CAGR) between 2013 and 2018. The largest drop in planned funding occurs between 2013 and 2014 and mainly is caused by the completion of the F/A-18 ATFLIR and AV-8 Harrier Litening pod programs as well as the cancellation of the Gorgon Stare sensor program.
-The Army will spend more in the NV device market than all the other services combined through 2018.
-In 2013, the DoD awarded $ billion to companies in the NV device market. Lockheed Martin was the top firm with $ million in contracts.
-The top market competitors owned % of market spending in 2013.
-Foreign Military Sales (FMS) accounted for a significant % of NV device sales in 2013.

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