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Global Image Intensifier Market to Grow at a CAGR of 2.95% During 2022-2027, Aided by the Rising Application in the Medical Industry

According to a new report by EMR titled, ‘Global Image Intensifier Market Report and Forecast 2022-2027’, the global image intensifier industry reached a value of USD 5.6 billion in 2021. The market is expected to grow at a CAGR of 2.95% in the forecast period of 2022-2027 to attain over USD 6.60 billion by 2027.

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.

Market Breakup by Diameters, Applications, Industry Verticals, and Region:

  • The market is segmented on the basis of diameter into below 18 mm, 18 mm, 25 mm, 6 inches, 9 inches, 12 inches, and 16 inches, among others.
  • The different applications of the product include cameras, scopes, goggles, and x-ray detectors, among others.
  • The market segmentation on the basis of industry verticals include medical, industrial, defence and surveillance, among others.
  • The regional markets for image intensifier can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for image intensifier is being driven by the growing application of the product in the medical, defense and surveillance sector, among others.
  • The growing adoption of the image intensifying cameras in the household, owing to the rising disposable income and growing safety concerns of the family is likely to be a major driving factor in the market.
  • The market is anticipated to be aided by the growing expansion of the major image intensifying device manufacturers in the emerging economies of the world.
  • The market will further be aided by the stringent government regulations aimed towards countering the rising cases of robbery, theft, kidnapping, assault, and sexual harassment, among others.

Key Offerings of the Report:

  • The EMR report gives an overview of the global image intensifier market for the periods (2016-2020) and (2022-2027).
  • The report also offers historical (2016-2020) and forecast (2022-2027) market information for the diameters, applications, industry verticals, and regions of image intensifier.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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