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Follow on Google News | LED-Based Night Vision Imaging System (NVIS) Compatible Lighting Global Market Research StudyAccording the ElectroniCast Consultants (www.electronicast.com), the consumption value of packaged LEDs used in NVIS-compatible lighting is forecast to increase from $36.2 million last year (2010) to $132.8 million in 2017.
According to the ElectroniCast study report, the use of LEDs in NVIS - compatible lighting will continue to be dominated by the Military market sector (see Figure). The Military sector includes the following: Army, Air Force, Navy, Marines, Coast Guard, National Guard (and State-level Guard/Defense) The Law Enforcement sector includes Local, State and National Law Enforcement (National: all of the “3-letter” “ElectroniCast forecasts that the worldwide consumption of package LEDs used in non-civilian NVIS compatible lighting will increase at an average annual growth rate of 20.4%, from $36.2 million last year (2010) to $132.8 million in 2017,” said Stephen Montgomery, president of International Business and Director of the LED practice at ElectroniCast. “LEDs provide an excellent NVG (night vision goggle) compatible lighting solution in aircraft, ships/watercraft, ground vehicle, ground field command, and ‘man-portable’ “The Ship/Watercraft category under the Military sector is the current market leader, and it is forecast with the fastest growth (2010-2017), led by LEDs used in exterior NVIS compatible lighting. The Military Aircraft category holds a relative market share 31.5 percent of the total worldwide consumption value in 2011,” Montgomery concluded. This market forecast report is available immediately from ElectroniCast Consultants (fees: $4,200-$5,400) (Telephone/USA: ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ Figure 1.1.1 NVIS Compatible LED Global Consumption Market Forecast, By Top-Level Application (Value Basis, $Million) According the ElectroniCast Consultants (www.electronicast.com) # # # ElectroniCast Consulatants ( www.electronicastconsultants.com ) , a technology-based independent forecasting firm, specializes in forecasting trends in technology, markets and applications forecasting, strategic planning and consulting. End
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