According to our latest market study, titled "Image Intensifier Tube Market Forecast to 2028 – Global Analysis – by Generation and End User," the market is expected to grow from US$ 1,010.94 million in 2022 to reach US$ 1,387.54 million by 2028; it is anticipated to grow at a CAGR of 5.4% from 2022 to 2028.
An image intensifier tube (IIT) is a vacuum tube used across military, healthcare, and research applications. IIT increases the light intensity for any image passing through its lens into an optical system. One of the major factors catalyzing the image intensifier tube market size is the growing procurement and production of imaging systems such as night vision systems, countermeasure systems, airborne early warning systems, and threat detection systems. For example, in November 2022, L3Harris Technologies announced that it had delivered its 10,000th night vision goggle to the US army. Moreover, it had secured an additional order for providing its enhanced night vision goggle–binocular (ENVG-B) to the armed forces. Most defense forces are procuring night vision systems, which generates demand for new IITs. Apart from night vision goggles, IITs are also increasingly being used in high-speed imaging systems, low-light imaging, missile warning systems, security detection systems, threat detection systems, etc. which in turn is driving the image intensifier tube market growth. Bel Optronics Devices Ltd, ASELSAN AS, Harder Digital Ingenieur-und Industriegesellschaft mbH, Canon Electron Tubes & Devices Co Ltd, L3Harris Technologies Inc, Newcon International Ltd, Photek Ltd, Photonis Technologies SAS, Hamamatsu Photonics K.K. (Hakuto Taiwan Ltd), and Elbit Systems Ltd. are among the prominent image intensifier tube market players operating in the industry.
Impact of COVID-19 Pandemic on MEA Image Intensifier Tube Market Growth
The MEA has some of the major manufacturers of image intensifier tube systems—for instance, Elbit Systems Ltd in Israel and ASELSAN AS in Turkey—which is catalyzing the growth of the image intensifier tube market size in the region. The COVID-19 pandemic led to a huge disruption in the regional distribution of image intensifier tube systems. The pandemic massively impacted global health systems. The image intensifier tube market declined due to the decrease in the use of imaging. In 2020, the total imaging volume was 159,107, which was 46,698 units less compared to the imaging volume in 2019. A notable decline was witnessed in ultrasound, nuclear medicine, mammography, and MRI, as well as radiology volumes, because of the COVID-19 pandemic. This reduction in radiology volumes depended on location, imaging modality, and stage/period of lockdown.
When the lockdown restrictions started to ease in 2021, the companies operating across the MEA image intensifier tube market witnessed strong growth in procuring IITs and related instruments from different end users, such as armed forces, healthcare, and research across the region.
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Key Findings of Market Study
China, the most populated country globally, has experienced a rise in demand for efficient healthcare systems. The Chinese government is constantly working on providing basic health facilities to all its residents. This is influencing the investment by the country in various healthcare infrastructure projects. Additionally, the sudden and rapid onset of the pandemic in China also attracted huge investment by the government to build up hospitals in a limited time frame. These factors are further expected to contribute to the image intensifier tube market growth since, rising number of hospitals will help in boosting the demand for medical equipment across the country. The country also homes several medical device manufacturers constantly engaged in integrating advanced technology to enhance efficiency. These factors are expected to contribute to the growing demand for image intensifier tubes from medical imaging device manufacturers. Additionally, China is the second-largest military spender in the global defense industry. Moreover, the rise in border tensions between China and India is further influencing the country's procurement of advanced weapons and equipment. These factors are expected to contribute to the image intensifier tube market growth in the coming years.
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