Military Image Intensifier Tube Market Production, Future Demand and Forecast to 2025

Market Overview

Global Military Image Intensifier Tube Market is expected to be valued at USD 958.0 Million by 2024 at a CAGR of 8.51% during the forecast period of 2019 to 2024.

Military image intensifier tubes play a very significant role in offering enhanced safety to defense personnel. They offer various advantages to military commanders such as enhanced imaging quality, detection, recognition, and identification (DRI) capabilities and broad spectral sensitivity range that enable them to receive enhanced images of detected targets.

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Competitive Analysis

The key players in the Global Military Image Intensifier Tube Market are Aselsan (SA), L3 Technologies Inc. (US), Harris Corporation (US), Thales Group (France), Armasight Inc. (US), American Technologies Network, Corp. (US), Bel Optronic Devices Limited (India), Bushnell Inc. (US), Harder Digital GmbH (Germany), JSC Katod (Russia), NewCon International Limited (Canada), Night Owl Optics Inc. (US), Photek Limited (UK), Photonis Technologies (US) and Yukon Advanced Optics Worldwide Ltd (Lithuania).

Segment Analysis

Global Military Image Intensifier Tube Market has been segmented based on generation and phosphor type.

By phosphor type, the Global Military Image Intensifier Tube Market has been categorized as white phosphor and green phosphor. The green phosphor segment is expected to be larger with a value of USD 381.4 Million in 2018; it is projected to reach USD 613.8 Million by 2024. Objects can be easily detected by the human eye in variant shades of green through the green phosphor output screen. However,  the white phosphor segment is expected to register the higher CAGR during the forecast period. White phosphor is an emerging technology that provides a clear advantage over green for soldiers. Images produced by a white phosphor output screen are more familiar to the human eye, which naturally perceives poorly lit scenery in shades of gray. Therefore; the segment is expected to reach USD 344.2 million by 2024 at a CAGR of 8.78% during the forecast period.

Regional Analysis

Global Military Image Intensifier Tube Market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World.

Europe is projected to be the second-largest market during the review period. The presence of major market players, such as Thales Group, Photek Limited, and JSC Kotad, is expected to drive market growth in Europe. The regional market is projected to reach USD 252.5 million by 2024 at a 7.47% CAGR during the forecast period.

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