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Image Intensifier Tube Market to hit US$ 1,387.54 Million, Globally, by 2028 at 5.4% CAGR: The Insight Partners
The Insight Partners
The image intensifier tube market is expected to reach US$ 1,387.54 million by 2028; registering at a CAGR of 5.4% from 2022 to 2028, according to a new research study conducted by The Insight Partners
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The North America image intensifier tube market is segmented into the US, Canada, and Mexico. North America accounted for the largest share of the market in 2021. The presence of many commercial and military aircraft manufacturers across the region triggers the demand for necessary components used in aircraft including image intensifier tubes. For instance, in July 2022, Honeywell International Inc. signed a contract worth US$ 100 million to supply aircraft engines to Hindustan Aeronautics Limited. Similarly, the prominent presence of engine MRO service providers in North America bolsters the demand for image intensifier tube components such as igniters, ignition leads, spark plugs, exciters, and ignition harnesses. Champion Aerospace Inc, Tempest Aero, FADE International LLC, Unison Industries LLC, Kelly Aerospace Inc, and Continental Aerospace Technologies are among the image intensifier tube providers in the region.
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Moreover, the region has a developed healthcare system with high adoption of advanced technologies and equipment for detection and treatment of various diseases. The region is also home to several medical device manufacturers, including C-arm machine manufacturers. An image intensifier tube is integrated into C-arm machines to obtain an enhanced image of the body part for detailed analysis of the disease. Major C-arm manufacturers in the region include Ultrasound Solutions Corp., General Electric Company, and Avante Health Solutions. The increasing initiative by these companies to enhance the abilities of their products through advanced technology integration is further propelling the demand for image intensifier tubes, thereby contributing to the image intensifier tube market growth.
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:
In November 2022, the British army awarded a contract worth US$ 19 million to Elbit Systems for the purchase of night vision goggles.
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.
The image intensifier tube market size is segmented based on generation, end user, and geography. Based on generation, the image intensifier tube market is segmented into generation 1, generation 2, and generation 3. Based on end user, the market is categorized into military, healthcare and biotech, and others. Based on geography, the image intensifier tube market size is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America.
The List of Companies - Image Intensifier Tube 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. Several other important image intensifier tube market players were studied and analyzed during the course of this study to get a holistic view of the market and its ecosystem.
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If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.
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