Image Intensifier Market Foreseen To Grow Exponentially Over 2031

(MENAFN- EIN Presswire)

Image Intensifier market Global Opportunity Analysis and industry Forecast

Image Intensifier Market Expected to Reach $3.2 Billion by 2031 - Allied Market Research

WILMINGTON, DELAWARE, UNITED STATES, July 16, 2024 /EINPresswire / -- The global image intensifier market share is expected to witness considerable growth, owing to an increase in demand for next-generation C-arm solutions in healthcare sectors and night vision solutions in the defense sector across emerging economies such as India, South Korea, Brazil, Dubai, and especially in Asia-Pacific and LAMEA region, which is expected to drive the image intensifier market growth. Allied Market Research, titled, "Image Intensifier Market by Application, Industry Vertical, and Region:: Global Opportunity Analysis and Industry Forecast, 2022-2031." The image intensifier market was valued at $1.6 billion in 2021 and is estimated to reach $3.2 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031.

Request for Sample PDF:

Image intensifiers are versatile devices that are widely used in a variety of applications to enhance the sensitivity of instruments and systems in low-light conditions, allowing for more accurate and detailed observations and measurements. Image intensifiers are electronic devices that convert low-light images into brighter and more visible images. They work by capturing light photons and amplifying them through a series of optical and electronic components. They are widely used in a variety of applications, including military, law enforcement, industrial inspection, scientific research, medical imaging, and outdoor recreation. In the military and law enforcement sectors, image intensifiers are used for surveillance, reconnaissance, and targeting operations in low-light conditions. They are also used in hunting, wildlife observation, and outdoor recreational activities to enhance the visibility of objects in low-light conditions.

The growth of the global image intensifier market size is majorly driven by the surge in demand for night vision technology coupled with the growing use of image intensifiers in industrial and scientific applications. Moreover, the rise in the need to identify and stop fraudulent activity is expected to drive mage intensifier market growth. However, the competition from alternative technologies is acting as prime restraint of the global image intensifier market. On the contrary, the surge in the adoption of intensifiers in medical imaging, and the rise in defense spending paired with the rise in defense spending are anticipated to provide lucrative opportunities for the image intensifier industry during the forecast period.

According to the image intensifier market analysis, the goggles segment was the highest contributor to the market in 2021. The defense & surveillance and medical segments collectively accounted for around 67.0% market share in 2021. The surge in prime players' initiatives to develop and deploy next-generation defense solutions globally has led to the growth of the goggles segment; thereby, enhancing the image intensifier market growth.

Get a Customized Research Report @

The outbreak of COVID-19 has significantly impacted the growth of image intensifier solutions. The decline in growth in manufacturing solutions has significantly impacted the demand for image intensifier solutions during the pandemic. Further, the lack of availability of a professional workforce due to the partial and complete lockdown implemented by governments across the globe has restrained the growth of the image intensifier market during the pandemic. However, the rise in demand for next-generation image intensifier fluoroscopy and image intensifier night vision solutions globally has led to the growth of the image intensifier market post-pandemic.

Region-wise, the image intensifier market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America, holds a significant share of the global image intensifier market, owing to the presence of prime players in this region. Further, the U.S. holds a dominating position in the image intensifier market, owing to a rise in investment by prime players and government agencies to develop next-generation image intensifier-based night vision and goggles solutions to offer better user experience to end users has led to the image intensifier market growth during the forecast period.

In the industrial sector, image intensifiers are used in industrial inspection to detect defects and contaminants in materials, and in non-destructive testing (NDT) applications, such as x-ray and radiography, to detect internal defects in structures and materials. In medical imaging, image intensifiers are used to enhance the sensitivity of x-ray and fluoroscopy equipment, allowing doctors and radiologists to produce high-quality images of internal structures and organs. Among applications, the goggles segment was the highest contributor to the market in 2021. Among industry verticals, the defense and surveillance segment was the highest revenue contributor in 2021.

Enquiry Before Buying:

Key Findings Of The Study

. By Application, In 2021, the goggles segment accounted for maximum revenue and is projected to grow at a notable CAGR of 8.6% during the forecast period.
. By Industry, the defense and surveillance segment was the highest revenue contributor to the image intensifier market in 2021.
. The defense & surveillance and medical segments collectively accounted for around 67.0% image intensifier market share in 2021.
. North America acquired a major share of the image intensifier market with an industry share of 42.6% in 2021

The key players profiled in the report include Siemens AG, Canon Medical Systems Corporation, L3HARRIS Technologies, Inc., Siemens Ag, Canon Medical Systems Corporation, Photonics, Flir Systems Inc., Thales Group, Optexim JSC, Photek Limited., Alpha Optics Systems Inc., And Harder Digital. Market players have adopted various strategies such as product launches, collaboration, partnerships, joint ventures, and acquisitions to expand their foothold in the image intensifier market.

About Us:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X

MENAFN16072024003118003196ID1108442917