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The image intensifier market is driven by the rising application of the product in the medical industry. Image intensifiers have witnessed a significant demand in orthopaedic surgery for the inoperative assessment of fracture reduction and implant placement. Over the forecast period, the increasing inclination of patients and doctors towards closed nailing devices is likely to be a major driving factor in the market. The market will further be aided by the growing demand for x-ray image intensifiers in the radiology, owing to the fact that it converts the transmitted x-rays into a brightened and visible light image.
In terms of region, North America is likely to account for a significant share in the market, owing to the presence of major image intensifying device manufacturers, especially in countries like the United States of America and Canada. The market in the region is anticipated to be bolstered by the rising government expenditure aimed towards the technological advancements in the defense and surveillance sector, owing to the growing threat of terrorism and intrusion. The market will further be aided by the growing adoption of the surveillance cameras in household. This can be attributed to the rising disposable incomes and growing concerns about the safety of the family.
In April 2020, L3Harris Technologies Inc. (NYSE: LHX) received an order of its high Figure of Merit (FOM) green and white image intensifier tubes from the United States Air Force worth USD 93 million. The demand for the product has been triggered by the urgent operational need for the NN-60 Night Vision Goggles update for combat search and rescue crews. In addition to this, L3Harris Technologies Inc. have been investing towards the improvement of image tube performance and capabilities for aviation, mobility, and ground forces worldwide.
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The major players in the global image intensifier industry are L3Harris Technologies, Inc., Siemens Healthcare GmbH, Thales Group, Alpha Optics Systems Inc., and Canon Medical Systems, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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