Image Intensifier Tube Market Size, Global Trends, Latest Techniques, Key Segments and Geography Forecasts Till 2028

According to the new research report published by The Insight Partners on "Image Intensifier Tube Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Generation (Generation 1, Generation 2, and Generation 3) and End User (Military, Healthcare and Biotech, and Others)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The image intensifier tube market is expected to grow from US$ 1,010.94 million in 2022 to US$ 1,387.54 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2022 to 2028.

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Armed forces of several countries are investing huge amounts in reinforcing their defense forces through technological advancements. These investments also support the efforts made to enhance the quality of training of military personnel. The rising financial support through military budgets is a major factor catalyzing the procurement of night vision goggles and binoculars in the military and defense sector. Several armed forces require many of these goggles for effectively performing their operations.

A few of the recent major contracts for night vision systems, wherein the image intensifier market vendors are working collaboratively with product manufacturers, have been mentioned below:

1. In November 2022, the British army awarded a contract worth US$ 19 million to Elbit Systems for the purchase of night vision goggles.

2. In July 2022, the Organisation Conjointe de Cooperation en matière d'Armement/Organisation for Joint Armament Co-operation (OCCAR) offered a contract to the consortium of HENSOLDT and THEON SENSORS for the production and delivery of binocular night vision goggles (BNVG) under the Night Vision Capability Programme of Belgian and German armed forces.

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The demand for image intensifier tubes is increasing with the procurement of high-speed camera systems such as HiCATT (i.e., high-speed intensified camera attachment). Such instruments are utilized to capture the images in moving conditions. For example, combustion research demands capturing each stage of combustion inside any chamber; this application requires high-speed imaging systems. Image intensifier tubes enable the enhancement of the quality of captured images, along with high-resolution output, in such high-speed imaging applications. Moreover, image intensification systems help collect images for super slow-motion combustion research in the automotive industry. Several companies and organizations have constantly been working on developing efficient and low-emission combustion technologies, which continues to generate the demand for more advanced image intensifier products for combustion research applications. Thus, the increasing demand for varying-speed (high, low, and ultra-speed) imaging systems is one of the major trends catalyzing the image intensifier tube market growth.

Significant Investment in Military in SAM Region

Over the years, countries in South America have experienced a rise in the adoption of technologically advanced military equipment to enhance their military capabilities. Government bodies across countries such as Brazil, Chile, Colombia, and Peru have increased their military spending over the years. According to SIPRI, Brazil, Chile, Colombia, and Peru spent 3.28%, 5.90%, 9.57%, and 4.49%, respectively, toward their military in 2021. This rise in military spending in the countries mentioned above has propelled the demand for image intensifier tubes from the region's military sector over the forecast period.

Countries in South America have experienced a rise in investment in the healthcare sector to enhance their medical infrastructure. According to the Brazilian Association of Medical, Dental, Hospital, and Laboratory Equipment Industries (ABIMO), there are more than 400 medical and dental device manufacturers in Sao Paulo, Brazil. These companies are engaged in developing advanced products such as spectroscopy machines and c-Arm machines integrated with image intensifiers to enhance the efficiency of the systems. These factors are propelling the growth of the SAM image intensifier tube market.

The List of Companies - Image Intensifier Tubes Market

Bel Optronics Devices Ltd, ASELSAN AS, Harder Digital Ingenieur-und Industriegesellschaft mbH, Canon Electron Tubes & Devices Co Ltd, L3Harris Technologies Inc, Newcon International Ltd, Photek Ltd, Photonis Technologies SAS, Hamamatsu Photonics K.K. (Hakuto Taiwan Ltd), and Elbit Systems Ltd. are the key image intensifier tube market players profiled in the study of the image intensifier tube market.

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