Global Intensifier Tube Market.
As per the latest report published by Intensifier Tube Market Research Future (MRFR), the global image intensifier tube market is set to grow at a CAGR of 7.91% during the forecast period (2018-2023). The application of image intensifier tubes has continued to grow over the years. They are an advanced lighting technology that facilitates visual imaging in low light condition. Large scale sectors such as military, healthcare & biotech, electronics and semiconductors present considerable application opportunities to image intensifier tubes.
At present, the military sector is making a major contribution to the growth of the global image intensifier tube market. There is strong demand for military grade image intensifier tube. Given the rising defence budget in APAC and Oceania countries, the demand for such product is expected to rise further in the years to come. According to Stockholm International Peace Research Institute (SIPRI), total world military expenditure rose to $1739 Bn in 2017, a marginal increase of 1.1 per cent in real terms from 2016.
Global Image Intensifier Tube Market: Competitive Landscape
Some of the leading companies operating in the global image intensifier tube market include Aselsan SA, Bel optronic Devices Limited, Harrise Corporation L-3 technologies Inc., Photek Limited., Photonis Technologies, Harder Digital GmbH, NewCon International Limited, JSC Katod, and Thales.
Global Image Intensifier Tube Market: Segmental Analysis
The report includes a thorough segmental analysis of the Intensifier Tube Market based on generation, phosphor type, end user and region.
The green phosphor segment accounted for 64.63% Intensifier Tube Market share in 2018, with a market valuation of USD 535.92 Mn. It is projected that the segment will expand at a CAGR of 7.74% during the projection period. As green is a highly visible colour to the human eye, most night vision devices have phosphor green as the colour of the screen. However, green phosphor is likely to be placed by white phosphor in the future.
On the basis of end user, the Intensifier Tube Market has been segmented into military, healthcare and biotech, electronics and semiconductors and others. In terms of value, the military segment accounted for 71.74% market share in 2018 and is projected to grow at 8.51% CAGR during the forecast period. Meanwhile, the electronics & semiconductor segment accounts for the second largest market share and is expected to remain highly attractive over the next couple of years.
Global 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 2023 @ https://www.marketresearchfuture.com/reports/image-intensifier-tube-market-7684
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