Image Intensifier Market Set to Surge: Key Trends and Forecast 2021-2031

Image Intensifier Market Expected to Reach $3.2 Billion by 2031—Allied Market Research

WILMINGTON, DE, UNITED STATES, October 17, 2024 /EINPresswire.com/ -- Allied Market Research, titled, "Image Intensifier Market¹ by Application, Industry Vertical, and Region:: Global Opportunity Analysis and Industry Forecast, 2022-2031." The image intensifier market was valued at $1.6 billion in 2021 and is estimated to reach $3.2 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/5868

Image intensifiers are versatile devices that are widely used in a variety of applications to enhance the sensitivity of instruments and systems in low-light conditions, allowing for more accurate and detailed observations and measurements. Image intensifiers are electronic devices that convert low-light images into brighter and more visible images. They work by capturing light photons and amplifying them through a series of optical and electronic components. They are widely used in a variety of applications, including military, law enforcement, industrial inspection, scientific research, medical imaging, and outdoor recreation. In the military and law enforcement sectors, image intensifiers are used for surveillance, reconnaissance, and targeting operations in low-light conditions. They are also used in hunting, wildlife observation, and outdoor recreational activities to enhance the visibility of objects in low-light conditions.

The growth of the global image intensifier market size² is majorly driven by the surge in demand for night vision technology coupled with the growing use of image intensifiers in industrial and scientific applications. Moreover, the rise in the need to identify and stop fraudulent activity is expected to drive mage intensifier market growth. However, the competition from alternative technologies is acting as a prime restraint of the global image intensifier market. On the contrary, the surge in the adoption of intensifiers in medical imaging, and the rise in defense spending paired with the rise in defense spending are anticipated to provide lucrative opportunities for the image intensifier industry during the forecast period.

According to the image intensifier market analysis, the goggles segment was the highest contributor to the market in 2021. The defense & surveillance and medical segments collectively accounted for around 67.0% market share in 2021. The surge in prime players' initiatives to develop and deploy next-generation defense solutions globally has led to the growth of the goggles segment; thereby, enhancing the image intensifier market growth.

𝐆𝐞𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/request-for-customization/5868

The outbreak of COVID-19 has significantly impacted the growth of image intensifier solutions. The decline in growth in manufacturing solutions has significantly impacted the demand for image intensifier solutions during the pandemic. Further, the lack of availability of a professional workforce due to the partial and complete lockdown implemented by governments across the globe has restrained the growth of the image intensifier market during the pandemic. However, the rise in demand for next-generation image intensifier fluoroscopy and image intensifier night vision solutions globally has led to the growth of the image intensifier market post-pandemic.

Region-wise, the image intensifier market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America, holds a significant share of the global image intensifier market, owing to the presence of prime players in this region. Further, the U.S. holds a dominating position in the image intensifier market, owing to a rise in investment by prime players and government agencies to develop next-generation image intensifier-based night vision and goggles solutions to offer better user experience to end users has led to the image intensifier market growth during the forecast period.

In the industrial sector, image intensifiers are used in industrial inspection to detect defects and contaminants in materials, and in non-destructive testing (NDT) applications, such as x-ray and radiography, to detect internal defects in structures and materials. In medical imaging, image intensifiers are used to enhance the sensitivity of X-ray and fluoroscopy equipment, allowing doctors and radiologists to produce high-quality images of internal structures and organs. Among applications, the goggles segment was the highest contributor to the market in 2021. Among industry verticals, the defense and surveillance segment was the highest revenue contributor in 2021.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/5868

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

• By Application, In 2021, the goggles segment accounted for maximum revenue and is projected to grow at a notable CAGR of 8.6% during the forecast period.
• By Industry, the defense and surveillance segment was the highest revenue contributor to the image intensifier market in 2021.
• The defense & surveillance and medical segments collectively accounted for around 67.0% image intensifier market share³ in 2021.
• North America acquired a major share of the image intensifier market with an industry share of 42.6% in 2021

The key players profiled in the report include 𝑺𝒊𝒆𝒎𝒆𝒏𝒔 𝑨𝑮, 𝑪𝒂𝒏𝒐𝒏 𝑴𝒆𝒅𝒊𝒄𝒂𝒍 𝑺𝒚𝒔𝒕𝒆𝒎𝒔 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏, 𝑳3𝑯𝑨𝑹𝑹𝑰𝑺 𝑻𝒆𝒄𝒉𝒏𝒐𝒍𝒐𝒈𝒊𝒆𝒔, 𝑰𝒏𝒄., 𝑺𝒊𝒆𝒎𝒆𝒏𝒔 𝑨𝒈, 𝑪𝒂𝒏𝒐𝒏 𝑴𝒆𝒅𝒊𝒄𝒂𝒍 𝑺𝒚𝒔𝒕𝒆𝒎𝒔 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏, 𝑷𝒉𝒐𝒕𝒐𝒏𝒊𝒄𝒔, 𝑭𝒍𝒊𝒓 𝑺𝒚𝒔𝒕𝒆𝒎𝒔 𝑰𝒏𝒄., 𝑻𝒉𝒂𝒍𝒆𝒔 𝑮𝒓𝒐𝒖𝒑, 𝑶𝒑𝒕𝒆𝒙𝒊𝒎 𝑱𝑺𝑪, 𝑷𝒉𝒐𝒕𝒆𝒌 𝑳𝒊𝒎𝒊𝒕𝒆𝒅., 𝑨𝒍𝒑𝒉𝒂 𝑶𝒑𝒕𝒊𝒄𝒔 𝑺𝒚𝒔𝒕𝒆𝒎𝒔 𝑰𝒏𝒄., 𝑨𝒏𝒅 𝑯𝒂𝒓𝒅𝒆𝒓 𝑫𝒊𝒈𝒊𝒕𝒂𝒍. Market players have adopted various strategies such as product launches, collaboration, partnerships, joint ventures, and acquisitions to expand their foothold in the image intensifier market.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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¹ https://www.alliedmarketresearch.com/image-intensifier-market
² https://www.prnewswire.com/news-releases/image-intensifier-market-to-reach-3-2-billion-globally-by-2031-at-7-5-cagr-allied-market-research-301755570.html
³ https://www.alliedmarketresearch.com/press-release/image-intensifier-market.html