Report : Asia Pacific Image Intensifier Tube Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Generation (Generation 1, Generation 2, and Generation 3) and End User (Military, Healthcare and Biotech, and Others)
At 6.6% CAGR, the Asia Pacific Image Intensifier Tube Market is speculated to be worth US$ 312.64 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific image intensifier tube market was valued at US$ 212.90 million in 2022 and is expected to reach US$ 312.64 million by 2028, registering a CAGR of 6.6% from 2022 to 2028. Increase in contracts for procurement and advancement of night vision systems and rising demand for x-ray machines are the critical factors attributed to the Asia Pacific image intensifier tube market expansion.
The demand for image intensifier tubes is increasing with the procurement of high-speed camera systems such as HiCATT (i.e., high-speed intensified camera attachment). Such instruments are utilized to capture the images in moving conditions. For example, combustion research demands the capturing of each stage of combustion inside any chamber; this application requires high-speed imaging systems. Image intensifier tubes enable the enhancement of the quality of captured images, along with high-resolution output, in such high-speed imaging applications. Moreover, image intensification systems help collect images for super slow-motion combustion research in the automotive industry. Several companies and organizations have been constantly working on the development of efficient and low-emission combustion technologies, which continues to generate the demand for more advanced image intensifier products for combustion research applications. Thus, the increasing demand for varying-speed (high, low, and ultra-speed) imaging systems is one of the major trends catalyzing the growth of the Asia Pacific image intensifier tube market.
On the contrary, longer lifespan of image intensifier tubes hurdles the growth of Asia Pacific image intensifier tube market.
Based on generation, the Asia Pacific image intensifier tube market is segmented into generation 1, generation 2, and generation 3. The generation 1 segment held 44.5% market share in 2022, amassing US$ 94.74 million. It is projected to garner US$ 132.30 million by 2028 to expand at 5.7% CAGR during 2022–2028.
Based on end user, the Asia Pacific image intensifier tube market is segmented into military, electronics & semiconductors, others. The military segment held 46.9% market share in 2022, amassing US$ 99.88 million. It is projected to garner US$ 144.52 million by 2028 to expand at 6.4% CAGR during 2022–2028.
Based on country, the Asia Pacific image intensifier tube market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 30.0% market share in 2022. It was assessed at US$ 63.80 million in 2022 and is likely to hit US$ 102.14 million by 2028, exhibiting a CAGR of 8.2% during the forecast period.
Key players dominating the Asia Pacific image intensifier tube market are ASELSAN AS; BEL Optronic Devices Ltd; Canon Electron Tubes & Devices Co Ltd; Elbit Systems Ltd; Hamamatsu Photonics (Hakuto Taiwan Ltd); and L3Harris Technologies,among others.
- In 2021, Photek adds to Tibidabo’s portfolio of scientific imaging solutions, and grants the company access to complementary markets; its products support applications in high-energy physics, defence, chemistry, bioluminescence, space science, and biological inspection. Ninety percent of Photek's sales are made to customers abroad.
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