Report : Europe 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 6.0% CAGR, the Europe Image Intensifier Tube Market is speculated to be worth US$ 385.06 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe image intensifier tube market was valued at US$ 271.57 million in 2022 and is expected to reach US$ 385.06 million by 2028, registering a CAGR of 6.0% 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 Europe image intensifier tube market expansion.
Armed forces of several countries are investing huge amounts in the reinforcement of their defense forces through technological advancements. These investments also support the efforts made to enhance the quality of training of military personnel. The rising financial support through military budgets is a major factor catalyzing the procurement of night vision goggles and binoculars in the military and defense sector. Several armed forces require a large number of these goggles for effectively performing their operations. A few of the major recent contracts for night vision systems, wherein the image intensifier market vendors are working collaboratively with product manufacturers, have been mentioned below.
- In November 2022, the British army awarded a contract worth US$ 19 million to Elbit Systems for the purchase of night vision goggles.
- In July 2022, the Organisation Conjointe de Cooperation en matière d’Armement/Organisation for Joint Armament Co-operation (OCCAR) offered a contract to the consortium of HENSOLDT and THEON SENSORS for the production and delivery of binocular night vision goggles (BNVG) under the Night Vision Capability Programme of Belgian and German armed forces.
Such initiatives by the armed forces for the procurement and technological development of night vision goggles are catalyzing the image intensifier tube market. Further, the demand for better night vision systems is encouraging the market vendors to create innovative solutions to meet the growing customer demands and remain competitive in their respective marketplace.
On the contrary, longer lifespan of image intensifier tubes hurdles the growth of Europe image intensifier tube market.
Based on generation, the Europe image intensifier tube market is segmented into generation 1, generation 2, and generation 3. The generation 1 segment held 42.6% share of the Europe image intensifier tube market in 2022, amassing US$ 115.60 million. It is projected to garner US$ 154.47 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on end user, the Europe image intensifier tube market is segmented into military, electronics & semiconductors, others. The military segment held 47.0% share of the Europe image intensifier tube market in 2022, amassing US$ 127.73 million. It is projected to garner US$ 177.66 million by 2028 to expand at 5.7% CAGR during 2022–2028.
Based on country, the Europe image intensifier tube market is segmented into the France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 29.8% share of the Europe image intensifier tube market in 2022. It was assessed at US$ 80.93 million in 2022 and is likely to hit US$ 115.52 million by 2028, exhibiting a CAGR of 6.1% during the forecast period.
Key players dominating the Europe image intensifier tube market are ASELSAN AS; Canon Electron Tubes & Devices Co Ltd; Elbit Systems Ltd; Hamamatsu Photonics (Hakuto Taiwan Ltd); Harder Digital Ingenieur- und Industriegesellschaft mbH; L3Harris Technologies Inc; Photek Ltd; and Photonis Technologies SAS, 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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