Industry Background:
The global image intensifier market is withness to expected high demand due to increasing research and development activities and security concern in military sector demand for image intensifiers. An image intensifier can be defined as a device that is being used to identify images and objects with human eyes or can be detected by a camera at extremely low-level light. Image intensifier has high contrast, resolution, sensitivity, low noise, and high-speed gating capabilities. Astronomers use night vision technology more than sensitive x-ray machines.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Thales Group (France), Siemens AG (Germany), Harris Corporation (United States), L3 technologies (United States), Canon Medical Systems (Japan), Alpha optics systems Inc (Canada), JSC Katod (Russia), Photek Limited (United Kingdom), PHOTONIS Technologies SAS (France) and FLIR Systems (Armasight) (United States) |
According to AMA, the market for Image Intensifier is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by High Adoption of Medical Diagnostic Systems With Better Visibility and Image Intensifiers are Primarily Used in Night Vision Goggles.
Globally, a noticeable market trend is evident Growing Military Expenditure across the World
The Health Care Technology sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Thales Group (France), Siemens AG (Germany), Harris Corporation (United States), L3 technologies (United States), Canon Medical Systems (Japan), Alpha optics systems Inc (Canada), JSC Katod (Russia), Photek Limited (United Kingdom), PHOTONIS Technologies SAS (France) and FLIR Systems (Armasight) (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Key players are engaging in merger and acquisition activities and technological innovation to gain an edge over their competition for finding the largest share of end-users. New players in the market are facing tough competition from established international vendors as they struggle with technological innovations, reliability and quality issues.
Key Developments in the Market:
In October 2018, Harris Corporation and L3 Technologies, Inc. have agreed to combine in an all-stock merger of equals to create a global defense technology leader, focused on developing differentiated and mission-critical solutions for customers around the world.
In March 2018, Siemens Healthineers will introduce a new version of Cios Select1 at the 2018 Annual Congress of the European Society of Radiology (ECR). The mobile C-arm is now available not only with the customary image intensifier but also with state-of-the-art flat-panel detector technology.
Influencing Trend:
Growing Military Expenditure across the World and Increasing its Use in Industrial and Scientific Research Applications
Market Growth Drivers:
High Adoption of Medical Diagnostic Systems With Better Visibility and Image Intensifiers are Primarily Used in Night Vision Goggles
Challenges:
Growing Advantage of Flat-Panel Detectors Over Image Intensifiers
Restraints:
Rising Use of Refurbished Devices and Low Operational Hours of Image Intensifier Devices
Opportunities:
Innovation in Nondestructive Testing and Machine Vision and Increasing Adoption of Night Vision Devices
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Image Intensifier Market
- Analysis about New Entrants in Image Intensifier Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Image Intensifier Study Sheds Light on
The Image Intensifier Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Image Intensifier industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Image Intensifier industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.