ID: MRFR/A&D/6419-CR | 93 Pages | Published By Swapnil Palwe on May 2019
Military Image Intensifier Tube Market Snapshot
Military Image Intensifier Tube Market is Expected to Register an 8.51% CAGR During the Forecast Period.
The is expected to witness substantial growth during the forecast period. North America is estimated to be a prominent market due to increasing defense expenditure and growing adoption of military image intensifier tubes by governments and defines agencies. Europe held the second-largest share of the military image intensifier tube market in 2018. Increasing defense expenditure in Asia-Pacific and the rest of the world are projected to drive the growth of the military image intensifier tube market in the coming years.
MILITARY IMAGE INTENSIFIER TUBE MARKET, BY REGION, 2018, (%)
Source: MRFR Analysis
MILITARY IMAGE INTENSIFIER TUBE MARKET, 2019–2024 (USD MILLION)
Source: MRFR Analysis
The changing nature of warfare and increased use of military image intensifier tubes for special operations are the key drivers for the growth of the market. In 2018, North America accounted for 67.28% of the Global market, followed by Europe with 27.92%.
The Global Market has been segmented based on generation, phosphor type, and region. By generation, the market has been classified as generation I, generation II and generation III. On the basis of phosphor type, the global market has been divided into green phosphor and white phosphor.
The Global Market has been segmented, by region, into Asia-Pacific, North America, Europe, and the rest of the world. In North America, increasing defense expenditure and the growing adoption of by government and defense bodies are propelling market growth. For example, in June 2018, L3 Technologies Inc. received a three-year contract from the US Army Contracting Command to provide soldiers with next-generation binocular night vision goggles that improve mobility, targeting, and maneuverability for ground forces. Additionally, the presence of prominent image intensifier tube providers such as Harris Corporation and L3 Technologies Inc. is bolstering market growth.
The generation II segment is expected to dominate the market.
Generation II military image intensifier tubes provide the ability to see in extremely low light conditions, such as on moonless nights. Generation II NVDs are available in handheld monocular, goggle, and binocular configurations and some can be helmet- and/or weapon-mounted. The generation II segment of the global military image intensifier tube market is projected to register a CAGR of 8.18% during the forecast period.
The key players in the global military image intensifier tube are Aselsan (SA), L3 Technologies Inc. (US), Harris Corporation (US), Thales Group (France), Armasight Inc. (US), American Technologies Network, Corp. (US), Bel Optronic Devices Limited (India), Bushnell Inc. (US), Harder Digital GmbH (Germany), JSC Katod (Russia), New Con International Limited (Canada), Night Owl Optics Inc. (US), Photek Limited (UK), Photonis Technologies (US) and Yukon Advanced Optics Worldwide Ltd (Lithuania).
Military Image Intensifier Tube Market is projected to record a CAGR of 8.51% in the ensuing years.
Europe can secure the second position in the global market.
In 2018, North America’s share in the global market was 67.28%, establishing its lead.
Phosphor-based segments studied in the report include white and green.
Factors responsible for APAC market’s growth include the surge in defense expenditure and the rising use of military image intensifier tubes by governments as well as defense agencies.
The top growth enhancers in the North American market are the evolving nature of warfare coupled with the rising utilization of military image intensifier tubes for special operations.
The generation 2 segment can race ahead in the market at a rate of 8.18%.