The image intensifier market size was USD 890.5 Million in 2021 and is expected to register a revenue CAGR of 3.1% during the forecast period, according to the latest analysis by Emergen Research. Increasing military expenditure across the world is a key factor driving revenue growth of the market. Ability of night vision equipment to give military operations an advantage at night has greatly raised product demand, thus increasing demand for image intensifiers. With advent of sensor fusion technology, which is anticipated to drive market growth due to its ability to transfer images for intelligence gathering, new developments in the field of image intensification and thermal devices have been successful in providing vision over a wide range of spectrum.
Increasing military expenditure across the world is one of the key factors driving market revenue growth
However, despite the fact that some parts may be simpler to locate, an image intensifier requires more of them due to degradation brought on by increased radiation dose and other problems. More parts of an image intensifier likely need maintenance. When the gadget performs a lot of complicated tasks or has a high volume, it presents a challenge.
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Competitive Landscape and Image Intensifier Market Share Analysis
The report elaborates on various national and international business development prospects and explains the competitive landscape of the global Image Intensifier market. The market size estimation and forecasts have been detailed in this report. The authors have studied the historical background of the Image Intensifier market, keeping in mind the organic and inorganic growth prospects and threats for the market. Thus, the latest report offers precise estimates of the global market size for the forecast period.
The reports cover key developments in the Image Intensifier market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships and collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Image Intensifier market are anticipated to lucrative growth opportunities in the future with the rising demand for Image Intensifier in the global market. The market is expected to grow at a significant CAGR during the forecast period.
The major companies Covered in the report are:
Dantec Dynamic, L3 Technologies, Inc., Siemens, Optexim JSC, Photek, PHOTONIS, Lambert Instruments BV, Thales Group, FLIR Systems, , and ARSELAN A.S.
Highlights of Global Image Intensifier Market Report
- The 18mm segment is expected to register a significant market revenue growth during the forecast period. In terms of strength, longevity, and picture responsiveness, 18 mm image intensifiers are miles ahead of other types of image intensifiers. However, because 16 mm image intensifier tubes are more portable and lightweight than 18 mm devices, their introduction may have a detrimental effect on the market for 18 mm devices.
- The Google segment is expected to register a substantial growth over the forecast period. Demand for upgraded and improved night vision goggles has increased as a result of worldwide defense equipment modernization projects. X-ray image intensifiers are predicted to hold largest share of the image intensifier market because they are widely used and less expensive than innovative flat-panel systems. X-ray detector image intensifier C-arms also cost less to repair and maintain compared to FPD C-arms.
- The defense & surveillance segment is expected to register a moderate growth over the forecast period. Demand for image intensifiers is being driven by need for national defense against internal attacks, rise in enemy cross-border attacks, and increase in night strikes for better results. In addition, digitally enhanced night vision goggles for military have improved situational awareness and are more portable, lightweight, and simple to deploy.
- The North America market is expected to register a considerable growth during the forecast period. Technical developments in ground- and aerial-based surveillance systems, higher government spending on military, and advancements in medical field are all creating demand for expansion of the worldwide image intensifier market.
The report comprises an exhaustive overview of the Image Intensifier market, focusing on its leading players and their lucrative business expansion initiatives.
Segments Covered in this report are:
- Diameter Outlook (Revenue, USD Million; 2019–2030)
- 18 mm
- >25 mm
- 6 inch
- 9 inch
- 12 inch
- 16 inch
- Application Outlook (Revenue, USD Million; 2019–2030)
- X-Ray Detectors
- End-Use Vertical Outlook (Revenue, USD Million; 2019–2030)
- Defense & Surveillance
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The global Image Intensifier market has been categorized into several important geographical regions. In this section, authors of the report have studied the presence of the global Image Intensifier market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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