The new report by Expert Market Research titled, ‘Global Image Intensifier Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global image intensifier market, assessing the market based on its segments like diameters, applications, industry verticals, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): About USD 5.6 billion
• Forecast CAGR (2023-2028): 2.95%
• Forecast Market Size (2027): Nearly USD 6.60 billion
The rising application of image intensifiers in the military and defence industry in order to carry out search, rescue, and surveillance operations is driving the market. The increasing adoption of night vision goggles by the military forces to operate in remote areas with low intensity of light is propelling the market.
Meanwhile, the rising demand for image intensifiers in the medical industry for surgeries and diagnostics is further aiding the market. In terms of region, the Asia Pacific accounts for a significant share in the market owing to the rising military drills and defence operations. Moreover, rapid industrialisation in the emerging economies in the region is likely to propel the demand for the product in the forecast period.
Industry Definition and Major Segments
Image intensifier is defined as a vacuum tube device, which is used to amplify the intensity of light available in an optical system. In the medical field, image intensifier is used for diagnosis in radiology in order to intensify an image for a given amount of radiation. Also, it is utilised in gadgets such as night vision goggles to enhance the visual imaging in low light conditions.
On the basis of diameter, image intensifier can be divided into:
• Below 18 mm
• 18 mm
• 25 mm
• 6 inches
• 9 inches
• 12 inches
• 16 inches
Based on application, the market has been categorised as:
• X-Ray Detectors
The significant industry verticals in the market include:
• Defence and Surveillance
The regional markets for image intensifier include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The key trends in the image intensifier market include the technological advancements in the military and healthcare industry which are the major consumers of image intensifiers. In addition to this, the growing R&D activities aimed towards enhancing the capability of the product to carry out efficient detection of visual images are anticipated to boost the market in the coming years. Furthermore, In March 2022, Hamamatsu Photonics announced the development of the world’s first terahertz image intensifier. Hence, developments like these are anticipated to provide impetus to the market in the forecast period.
Key Market Players
The major players in the market are L3Harris Technologies, Inc., Siemens Healthcare GmbH, Thales Group, Alpha Optics Systems Inc., and Canon Medical Systems, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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