Image Intensifier Tube Market Research Report - Global Forecast till 2027

Image Intensifier Tube Market: By Generation (Generation I, Generation II, and Generation III), By Phosphor Type (White Phosphor and Green Phosphor), By End User (Military, Healthcare and Biotech, Electronics and Semiconductors and Others) and Region - Forecast Till 2027

ID: MRFR/SEM/6215-CR | April 2019 | Region: Global | 135 Pages         

Image Intensifier Tube Market

Image Intensifier Tube Market is to grow CAGR of 7.91% during 2018 to 2023 and reach a valuation of USD 1,213.40 Mn.

Segmentation

By Service Healthcare Pharmaceutical
By Technology Tungsten-halogen image intensifiers Xenon-arc image intensifiers Light-emitting diode (LED) image intensifiers.
By Geographically Europe Asia-Pacific North America Middle East & Africa Latin America

Key Players

  • IRIS USA
  • B&W Medical International Limited
  • Medline Industries Inc.
  • ONEX Corporation Ltd.
  • Night Hawk Technology Inc.
  • Terumo Corporation Ltd.
  • TYCO Healthcare Group LLC

Drivers

  • High military spending
  • Industry developments and alternatives to the product
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Image Intensifier Tube Market Overview:


Image Intensifier Tube Market is projected to grow at a CAGR of 7.91% during 2018 to 2023 and reach a valuation of USD 1,213.40 Mn. Image intensifier tube finds tremendous application in visual imaging devices, especially night vision devices. Its demand is currently concentrated in the military sector; however, industries such as healthcare, biotech and electronics are viewed as new growth avenues for market players.


Image intensifier tubes are an important component of night vision devices. These devices are a common military equipment. The growing military expenditure in various parts of the world is auguring well for the global image intensifier tube market. In 2018, the global military expenditure reached $ 1,739 Bn noted Stockholm International Peace Research Institute (SIPRI).


This report is an extensive study on the Image Intensifier Tube Market that provides an in-depth insight into the developments in this market. The report covers segments that include application, end-user, and geography. It also discusses various drivers and restraints acting upon this market. The research methodology included a top-down approach to assess the global demand for this market during the forecast period 2018-2023.


COVID-19 Analysis:


The upcoming trend of machine learning has had an impact on the Image Intensifier Tube Market. One of the most important trends in this industry is machine learning or AI-powered technologies. This will become an impact as it becomes more advanced with time, making it easier to identify problems and find solutions. With the help of research in the image intensifier tube market, detailed information about its global production, consumption, and trade can be obtained.


The growing need for better performance of these tubes in applications such as security systems, biomedical imaging devices, military/defence apparatus, and other fields is driving the demand for these tubes. Many segments are driving the growth of the global Imaging market, the growing number of MRI machines worldwide, the rise in demand for CT scanners, improved awareness about the benefits of diagnostic radiology over traditional treatments etc. Markets and businesses need to find more sustainable and diverse funding sources and business approaches if they're going to survive on both regional and global platforms.


Market Dynamics:



  • Drivers:


The global intensifier tube market has been forecasted to grow at a considerable pace during 2020-2025 owing to increasing demand from emerging economies, such as India and China. The drivers of the Imaging Intensifier Tube Market are increasing use of IR-LEDs in military, automotive, and aerospace imaging systems, higher demand for high-resolution colour imaging systems with low power consumption, and rising use of IR-LEDs in surveillance applications. 


The Image intensifier tube market is projected to grow at a CAGR of 7.91% during 2018 to 2023 and reach a valuation of USD 1,213.40 Mn.  The drivers for this growth are upgrading from old generation imaging tubes to modern technologies such as high-resolution colour imaging systems and other digital camera technologies with low power consumption as well as rising use of IR-LEDs in surveillance applications.



  • Opportunities:


The development and popularity of the Image Intensifier Tube Market over the years have been quite significant. This has been due to a combination of factors such as technological advancements, an increase in demand from end-users, and a decrease in prices for the same. To fully understand this industry, one must also look at some of the major challenges that it faces.



  • Restraints:


A larger number of firms in the industry provide better quality products. When you're looking for a product, you'll usually want to find the best one that meets your needs. With more firms in the industry providing quality products, customers can find exactly what they need. 


The rise in import of products due to low labour costs is another restraint. The import of products has been increasing in the last few years due to low labour costs. This is a result of stagnant wages and skills decline, especially among manufacturing workers. This phenomenon has been found to have a significant effect on the manufacturing industry.



  • Challenges:


The intensifier tube market has undergone many changes over the years. A major challenge to this market is that there are high upfront costs for intensifier tubes and they have a relatively long-life cycle, so it becomes difficult for smaller manufacturers to create scales needed to be competitive in this space because they have short product lifecycles and higher margins than intensifiers tubes.



  • Cumulative Growth Analysis:


Image intensifier tubes are devices that produce a visible image from invisible radiation such as infrared or ultraviolet rays. They are used in medical imaging and astronomy, and in the military for nighttime surveillance. The cumulative growth rate of the Image Intensifier Tube Market has been estimated to be 5.1%.


The market is segmented based on application, including military and defence, medical, and commercial segments. The part is projected to account for the largest share of the Image Intensifier Tube Market by 2023. It is due to relatively lower installation costs than other application segments such as medical and military & defence segments.



  • Value Chain Analysis:


Many input factors are various metals, plastics and glass materials. These inputs are then sent to a factory. They are then cut into different shapes such as tubes or sheets before being sent off to other factories for production. Once these tubes have been produced, they go through a quality control process before being ready for use in a camera or other device.


Image Intensifier Tube Market Segment Analysis:                                


Application Area:


Image Intensifier Tube Market provides a comprehensive analysis of the market dynamics, competitive landscape, potential applications of Image Intensifier Tubes in various industries, and recent trends. Image intensifiers are used for enhancing the clarity of images captured through optical instruments. These tubes use light diffraction to create an image on film or glass without using a lens.


The increasing popularity of digital photography has paved the way for new applications beyond traditional photography. The increased demand for image processing has led to more vendors entering the market with innovations in their products.


Technology Type:


It is mainly used in many sectors like engineering, automotive, healthcare, testing and more. There is a great demand for tungsten-halogen image intensifiers because it is more durable, longer-lasting and has less power consumption than xenon-arc and LED image intensifiers. It is also more cost-effective than xenon arc and LED image intensifiers in the market due to its superior features such as lower running temperature, no excess oxide film formation, longer lifetime, low heat generation etc.


Image Intensifier Tube Market Regional Analysis:


The APAC region is projected to grow with the highest CAGR in the Image Intensifier Tube Market. This is because of its growing demand for image intensifiers owing to the rise in defence spending in the region. The Asia Pacific would account for around 36% of the global market share by 2023. China would dominate this region with a share of around 41%. While the global market for Image Intensifier Tube is likely to grow at a CAGR of 12.7% from 2018 to 2023. China is expected to be the fastest-growing market in this field owing to a growing demand for military and defence applications.


China is currently home to a large number of foreign companies, which has allowed it to gain a competitive advantage over other regions. These companies have established themselves in China due to their central location and ease of access. The country also offers favourable policies such as 100% import duty exemption on parts and materials, zero-rated tax rates for certain types of investments, transfer pricing relief rules, and export incentives that enable foreign businesses to increase their stake in the Chinese economy.


Competitive Landscape:


The competitive landscape of the image intensifier tube market is quite fierce. This market has seen several different companies enter the fray since it has become highly lucrative for manufacturers. Leading companies in this market are AGFA, Siemens, Panasonic, AGC, Cobolt.


The new players in the market are aggressively looking to establish their brands and promote their products through various marketing channels like social media, blogs, and websites. For example, some companies try to introduce innovative new features like communicating with loved ones by speaking through a tube. Competitive companies in this industry also include:



  • IRIS USA

  • B&W Medical International Limited

  • Medline Industries Inc.

  • ONEX Corporation Ltd.

  • Night Hawk Technology Inc.

  • Terumo Corporation Ltd.

  • TYCO Healthcare Group LLC.


Recent Developments:


This market for image intensifiers is rapidly growing because of an increased need for night vision devices. Most imaging devices are not able to provide significantly better images in low-light conditions.


Some of the recent developments in this market are intensifier tubes that can be used by various applications including military, law enforcement, and wildlife monitoring. These are also known as night vision tubes or PVS14 image intensifier tubes.


Report Overview:


This report provides all the information about the growth of the Image Intensifier Tube Market in the forecast period.


There are many different sections available in the report to help you get in-depth information.


All of the information is gathered from primary and secondary sources to provide the expected market growth of the Image Intensifier Tube Market by 2028.



  • Historic Period: 2015-2019

  • Base Year: 2028

  • Forecast Period: 2021-2028


Segmentation:


By Service:



  • Healthcare

  • Pharmaceutical


By Technology:



  • Tungsten-halogen image intensifiers

  • Xenon-arc image intensifiers

  • Light-emitting diode (LED) image intensifiers.                                                                                                            


By Geographically:


  • Europe

  • Asia-Pacific

  • North America

  • Middle East & Africa

  • Latin America



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1,213.40 Million
  CAGR   7.91%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Generation, Phosphor Type, End User and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bel optronic Devices Limited, Aselsan SA, Photek Limited., Harder Digital GmbH, JSC Katod, Harrise Corporation, NewCon International Limited, Thales, Photonis Technologies and L-3 technologies Inc.
  Key Market Opportunities   Demand for images intensifier tube is high
  Key Market Drivers

  • High military spending
  • Industry developments and alternatives to the product


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    Frequently Asked Questions (FAQ) :

    At 7.91% CAGR, the image intensifier tube market can value at USD 1,213.40 million by 2023.

    NewCon International Limited, Photonis Technologies, Thales, and L-3 technologies Inc. are some popular names in the image intensifier tube market.

    The estimated North America image intensifier tube market can value at above USD 500 million by 2023.

    The Gen 2 image intensifier tube sales can generate turnover above USD 400 million by 2023, at 7.35% CAGR.

    Green phosphorous is extensively used in the fabrication of image intensifier tube. This can generate a valuation exceeding USD 500 Mn at 64.63% CAGR by 2023.

    The report details market trends and limitations its can encounter.

    The high rate of adoption of image intensifier tube by the military sector is expected to generate substantial revenue for the market.