Report : North America 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 5.5% CAGR, the North America Image Intensifier Tube Market is speculated to be worth US$ 441.45 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America image intensifier tube market was valued at US$ 320.85 million in 2022 and is expected to reach US$ 441.45 million by 2028, registering a CAGR of 5.5% 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 North America image intensifier tube market expansion.
Image intensifier tubes are installed into x-ray machines to convert transmitted x-rays into a brightened and visible light image. A majority of x-ray machine manufacturers are also majorly focusing on the development of advanced x-ray scanner systems for healthcare, medical, and security applications. A few of the recent developments by x-ray machine manufacturers are mentioned below:
• In December 2020, Arcoma AB announced the launch of its new Omnera 500A x-ray system across the American market. OMNERA 500A is offered with new intelligent automation features to help improve workflow and efficiency without compromising patient care.
• In February 2022, Carestream Health announced the launch of its new DRX Compass, a configurable digital radiology solution designed for providing accurate and convenient functionality to provide radiologists with an enhanced operational efficiency.
• In August 2022, General Electric launched its new Definium 656 HD x-ray system, designed to deliver consistent, highly automated, efficient examination. Such examination outputs impart clinical confidence while simplifying workflows, improving consistency, and reducing errors to help keep radiology departments running smoothly.
Such developments in x-ray technologies are generating the demand for the incorporation of new image intensifier tubes in these radiology products, which is catalyzing the growth of the North America image intensifier tube market.
On the contrary, longer lifespan of image intensifier tubes hurdles the growth of North America image intensifier tube market.
Based on generation, the North America image intensifier tube market is segmented into generation 1, generation 2, and generation 3. The generation 1 segment held 43.6% market share in 2022, amassing US$ 139.98 million. It is projected to garner US$ 184.67 million by 2028 to expand at 4.7% CAGR during 2022–2028.
Based on end user, the North America image intensifier tube market is segmented into military, electronics & semiconductors, others. The military segment held 47.1% market share in 2022, amassing US$ 151.22 million. It is projected to garner US$ 206.69 million by 2028 to expand at 5.3% CAGR during 2022–2028.
Based on country, the North America image intensifier tube market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 73.0% market share in 2022. It was assessed at US$ 234.28 million in 2022 and is likely to hit US$ 330.60 million by 2028, exhibiting a CAGR of 5.9% during the forecast period.
Key players dominating the North America image intensifier tube market are Canon Electron Tubes & Devices Co Ltd; Elbit Systems Ltd; Hamamatsu Photonics (Hakuto Taiwan Ltd); L3Harris Technologies Inc; Newcon International Ltd; 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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