Market Overview:
The image intensifier market manufacturer is estimated to register a CAGR of approximately 6.34% during the forecast period from to 2030.
Military image intensifiers are devices that intensify low light-level images into light levels that can be detected by cameras or human eyes. Military image intensifier enables defense personnel to receive enhanced imaging capability during dynamic lighting conditions, such as military operations, that are conducted in urban terrains. Growing demand for enhanced imaging solutions and increased RD activities in developing advanced military equipment are driving the image intensifier market growth.
Key Players:
The key players in the global image intensifier market manufacturer are FLIR Systems, Inc. (US), Harris Corporation (US), Thales Group (France), Photonis USA Pennsylvania, Inc. (France), L3 Technologies, Inc. (US), Alpha Optics Systems (Canada), ASELSAN A.Ş. (Turkey), Photek Limited (UK), and Yukon Advanced Optics Worldwide (Lithuania).
Segmental Analysis:
The global image intensifier market manufacturer has been segmented based on generation, diameter, application, and region. On the basis of generation, the market is divided into gen 0, gen 1, gen 2, and gen 3. In 2017, the gen 3 segment dominated the global market and is anticipated to grow at the highest CAGR over the forecast period. Gen 3 military image intensifier offers increased performance in extreme low light conditions and is highly reliable as it enables military commanders to receive clear images of targets on the battlefield. Therefore, the segment is expected to propel over the forecast period.
On the basis of diameter, the market is segmented into 18 mm, 18 mm, 25 mm, and 25 mm. The 18 mm segment dominated the global market in 2017, and is anticipated to grow at the highest CAGR over the forecast period. Military image intensifier with 18 mm diameter offers higher magnification and provides features such as infrared illuminator. Therefore, the segment is anticipated to bolster over the forecast period.
On the basis of application, the market is segmented into cameras, scopes,and goggles. The cameras segment dominated the global market in 2017; however, the googles segment is expected to grow at the CAGR over the forecast period. Goggles offer convenience and higher visibility in foggy areas to soldiers. Additionally, increased adoption of goggles by defense bodies of various countries is driving the segment growth. For example, in 2018, In June 2018, L3 Technologies, Inc. signed a three-year contract with the U.S. Army Contracting Command amounting approximately USD 391million to provide compact next-generation night vision goggles.
Regional Analysis:
The global image intensifier market industry is segmented into North America, Europe, Asia-Pacific, and Rest of the World. In 2017, North America dominated the global market owing to technologically advanced infrastructure and presence of prominent defense companies such as L3 Technologies, Inc. However, Asia Pacific is expected to grow at the fastest CAGR over the forecast period. Factors such as increasing defense budget of developing economies such as India, and China. Additionally, the increasing need for border protection due to cross-border disputes is also fueling the image intensifier market manufacturer in the Asia-Pacific region.
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