Military Image Intensifier market was valued at USD 672.2 Million in 2020 and it is expected to reach USD 1145.3 Million by the end of 2027, growing at a CAGR of 7.9% - Valuates reports

Military Image Intensifier market was valued at USD 672.2 Million in 2020 and it is expected to reach USD 1145.3 Million by the end of 2027, growing at a CAGR of 7.9% during 2021-2027. Key drivers of the military image intensifier market include the rising cross-border tensions, terrorism, domestic and international war crimes. The increasing investment in military and defense by governments around the globe will fuel the growth of the military image intensifier market in the forthcoming years.

Get sample report - https://reports.valuates.com/request/sample/QYRE-Auto-19L9169/Global_Military_Image_Intensifier_Market_Outlook_2022

Trends Influencing the Growth of Military Image Intensifier Market
Rising incidences of terrorism and warfare

Bombings, terror attacks, and war crimes have reached an all-time high. With this, there is a need to maintain the security of a nation and curb border infiltrations. Night vision devices have become a crucial optoelectric technology in modern warfare for enhancing situational awareness in operations undertaken in low light, unfavorable conditions, or during the night. It increases target acquisition in close combat and optimizes surveillance accuracy. Moreover, vehicle commanders and support troops utilize these devices for carrying out logistical maneuvering and marshaling. Night-time operations will continue to rise for gaining tactical advantage which will spur the growth of the military image intensifier market during the forecast period.

Huge investments in the defense sector

Global military spending is set to increase manifold in the coming years. Countries especially the US are investing in long-term research projects and arms procurement deals to strengthen their military standing. In view of the hostile trade relations and concerns related to increasing incidences of cross-border crimes, several nations are investing heavily into defense for enhancing their security capabilities. Key players are getting million-dollar contracts for delivering highly efficient image intensifier tubes for providing more visual information related to aviation, and ground forces globally. These rapid developments will ultimately surge the penetration of the military image intensifier market in the coming years.

Low operating hours

Military image intensifier tubes degrade continuously over a period of time. In addition to it too much brighter light reduces the shelf life significantly. Moreover, users tend to keep the equipment on for longer periods of time thereby wearing out the batteries. This will restrict the military image intensifier market growth in the near future

Military Image Intensifier Market Share
Based on the application, night vision devices are expected to retain dominance in the military image intensifier market share with 72%. Based on region, North America was the highest in 2019 with 59% growth in the military image intensifier market share while Europe came in second with 22%.

By Type
Zero Generation Military Image Intensifier
First Generation Military Image Intensifier
Second Generation Military Image Intensifier
Third Generation Military Image Intensifier
Fourth Generation Military Image Intensifier

By Application
Night Vision Device
Weapon Sight
Others

Get detailed report - https://reports.valuates.com/market-reports/QYRE-Auto-19L9169/global-military-image-intensifier

Similar report -

https://reports.valuates.com/market-reports/QYRE-Auto-10V9669/global-military-night-vision-binoculars

https://reports.valuates.com/market-reports/QYRE-Auto-13I15109/global-image-enhancement-camera

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports

This release was published on openPR.