Report : South 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 2.2% CAGR, the South America Image Intensifier Tube Market is speculated to be worth US$ 61.93 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South America image intensifier tube market was valued at US$ 54.35 million in 2022 and is expected to reach US$ 61.93 million by 2028, registering a CAGR of 2.2% 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 South America image intensifier tube market expansion.
The need for surveillance is catalyzing the deployment of surveillance systems across air forces, ground forces, and naval forces, which, in turn, is generating the demand for night vision systems. Various defense forces are focusing on upgrading their existing night vision systems installed in their respective aircraft and helicopter fleets for intelligence, surveillance, and reconnaissance (ISR) operations across different regions. With such upgrades, the demand for image intensifier tubes is increasing across surveillance hardware system manufacturing sites.
The next-generation sighting systems are being deployed for border surveillance, continuous monitoring, aerial monitoring, aerial target identification, and other naval applications. For instance, in December 2022, Senop Oy received a purchase order contract from the Finnish Defence Forces Logistic Command. This contracts states about the supply of image intensifiers and laser sights. The purchase order encompassed of tactical laser sights, laser sights, and NVG monocular image intensifier. The Senop EVA 40 NVG is amongst a lightest high-performance NVGs utilizing high-precision glass optics and cutting-edge aspheric to offer better performance and usability.
Thus, significant number of purchase orders for night vision systems to benefit soldiers for ensuring efficient surveillance operations is a major factor generating new opportunities for image intensifier tube market vendors during the forecast period.
On the contrary, longer lifespan of image intensifier tubes hurdles the growth of South America image intensifier tube market.
Based on generation, the South America image intensifier tube market is segmented into generation 1, generation 2, and generation 3. The generation 1 segment held 44.6% market share in 2022, amassing US$ 24.22 million. It is projected to garner US$ 26.29 million by 2028 to expand at 1.4% CAGR during 2022–2028.
Based on end user, the South America image intensifier tube market is segmented into military, electronics & semiconductors, others. The military segment held 48.5% market share in 2022, amassing US$ 26.37 million. It is projected to garner US$ 30.20 million by 2028 to expand at 2.3% CAGR during 2022–2028.
Based on country, the South America image intensifier tube market is segmented into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 73.8% market share in 2022. It was assessed at US$ 40.10 million in 2022 and is likely to hit US$ 46.18 million by 2028, exhibiting a CAGR of 2.4% during the forecast period.
Key players dominating the South America image intensifier tube market are Elbit Systems Ltd; Hamamatsu Photonics (Hakuto Taiwan Ltd); L3Harris Technologies Inc; and Photonis Technologies SAS, among others.
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