The Market for Image Intensifiers is Anticipated to Expand at a CAGR of 2.9% by the end of 2029
The global market for image intensifiers is predicted to have a total additional potential of US$ 319.7 Mn from 2019 to 2029.
Sensors are sought for by almost every industry sector. Smartphones do have sensors like the ambient light sensor, accelerometer, temperature sensor, gyroscope, and proximity sensor for monitoring the data. The sensors market is increasing at an unabated rate in the IT & telecom, automotive, and consumer electronics sectors, and this trend is expected to continue in the future.
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Persistence Market Research has published a market research report “Image Intensifier Market – Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029.” Growing expenditure in the defence and military industry and growth in the demand for night vision devices for security purposes are among factors driving the image intensifier market. The demand for image intensifier night vision devices for the military is increasing due to various internal and external threads such as a terrorist attack, uncertain war situations, and domestic security issues in a country.
Increasing awareness about the detection and prevention of fraudulent activities with the installation of night vision security and surveillance systems is expected to drive the image intensifier market. Moreover, rising crime rates and terrorist attacks are creating the need for improvements in 24-hour surveillance systems.
As image intensifiers have night vision, it is not difficult to detect a security breach. These are some of the factors boosting the demand for image intensifiers. Moreover, the growing number of smart city projects and government regulations on security are driving the demand for global image intensifiers.
The adoption of image intensifiers in the healthcare industry is increasing as image intensifiers provide better visibility. Image intensifiers are also economical as compared to advanced flat-panel systems. An image intensifier’s overall function is to transform x-ray photons incident to light photons of sufficient intensity to produce a visible image.
Growth in the aging population across the globe is boosting investments on healthcare, as an increasing number of people suffer from disabilities and diseases. This is expected to generate demand for advanced healthcare equipment in the upcoming era. Image intensifiers in c-arms x-ray can take specific and sharper images and a large number of pictures per hour at a lower cost per picture.
Key Players:
The report has profiled some of the Important players prevalent in the global like – L3 Technologies, Inc., Thales Group, FLIR Systems, Inc., Siemens, Canon Medical Systems Corporation, ASELSAN A.?., PHOTONIS, Ziehm Imaging GmbH, Dantec Dynamics A/S, Lambert Instruments BV, Harder.digital, Photek, and Optexim JSC and more.
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In the global image intensifier market research report, Persistence Market Research has segmented the global image intensifier market by generation, application, end user, and region.
The generation segment is further segmented into 1st generation, 2nd generation, 3rd generation, and 4th generation. Moreover, the adoption of image intensifiers by various end users, which include military & defence, healthcare & medical, government & law enforcement, and other end users, is expected to drive the image intensifier market.
Based on region, North America is among the more significant markets in the global image intensifier market owing to the existence of various key players and high military expenditure. Moreover, the adoption of image intensifiers in the healthcare industry and government regulations for security and surveillance are also among factors driving the image intensifier market.
The image intensifier markets in South Asia and East Asia are likely to witness growth with a high CAGR during the forecast period due to the growing penetration of advanced diagnostic systems and increasing military expenditure in some countries of this region. Moreover, rise in the adoption of state-of-the-art security systems for detecting and preventing security breaches in smart cities is creating future growth opportunities for the image intensifier market. Furthermore, a constant increase in the total number of companies that provide image intensifiers in South and East Asian countries is expected to positively impact the growth of the image intensifier market during the forecast period.
Key Stakeholders
Image Intensifier Market Manufacturers
Image Intensifier Market Distributors/Traders/Wholesalers
Image Intensifier Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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About the Electronics, Semiconductors, and ICT Division at Persistence Market Research
Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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