Military Image Intensifier Market Scope, Global Analysis | Business Trend and Forecast to 2023
Research Reports
Jan 19, 2021
Market Overview
Military image intensifier aids in the detection and imaging objects at low light levels. It provides detection, recognition, and identification capabilities to army personnel, enabling them to experience the enhanced target acquisition and safety. These image intensifiers increase the visibility in the low light levels or even in complete darkness by using the technologies such as gamma rays imaging, x-ray imaging, etc.
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Key Players
The key players in the Global Military Image Intensifier Market are FLIR Systems, Inc. (US), Harris Corporation (US), Thales Group (France), Photonis USA Pennsylvania, Inc. (US), L3 Technologies, Inc. (US), Alpha Optics Systems (Canada), ASELSAN A.?. (Turkey), Photek Limited (UK), and Yukon Advanced Optics Worldwide (Lithuania).
Industry News
Foresight Autonomous Holdings Ltd., an innovator in the automotive vision systems has announced the signing of the agreement with FLIR systems Inc. that is the world’s largest and leading commercial company in designing and production of thermal imaging sensors. This agreement will establish strategic cooperation plans for the development and distribution of infrared cameras to a wide range of consumers.
Market Segmentation
On the basis of generation, the global military image intensifier market report suggests that the gen 3 will be witnessing the highest CAGR over the aforementioned forecast period. It offers enhanced battery performance and provides better sensitivity to light that enables the users to receive enhanced image quality. And on the basis of diameter, the global military image intensifier market can be seen witnessing the dominance of the 18mm segment owing to the various benefits offered such as the extended detection range and high image resolution of these intensifiers. And on the basis of applications, the goggles section holds the dominant share with the defense equipment modernization programs that are undertaken by the governments in various countries.
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Regional Analysis
The North American region will account for the largest share during the forecast period as presented in the market report. The presence of prominent players in the market is expected to propel the market growth of military image intensifiers. However, the Asia-Pacific regions will be growing at a faster CAGR over the coming years due to the increasing defense expenditure in the emerging economies of China and India. Moreover, the technological advancements in these regions will propel the growth of the global military image intensifier market. All the regions as mentioned in the report will show a drastic change in the coming years with the increase in the strengthening of warfare technologies and systems that will increase the demand and supply all over the world.
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