Global Military Image Intensifier Tube Market, By Generation (Generation I, II, III), By Phosphor (White and Green Phosphor) opportunities and forecast 2020-2027
Covid-19 Impact on Military Image Intensifier Tube Market:
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.Market Overview
Global Military Image Intensifier Tube Market is anticipated to witness significant growth during forecast period. North America is projected to be prominent market due to growing defense spending and rising adoption of the military image intensifier tubes by the governments and defines agencies. Europe held second-largest share of military image intensifier tube market in 2019. Growing defense expenditure in the Asia-Pacific and rest of the world are expected to drive growth of the military image intensifier tube market in coming years.
The tube finds tremendous application in the visual imaging devices, particularly night vision devices. The demand is presently concentrated in military sector; however, industries including biotech, healthcare, and electronics are observed as the new growth avenues for the market players.Segment Overview
The generation II military image intensifier tubes offer the ability to see in very low light conditions, Including on the moonless nights. The generation II NVDs are offered in goggle, handheld monocular, and binocular configurations, some can be helmet- or weapon-mounted. Generation II segment of military image intensifier tube market is expected to register CAGR of over 8.0% during forecast period.Regional Overview
Global Military Image Intensifier Tube Market has been divide, by region, into North America, Asia-Pacific, Europe, and the rest of world. In North America, growing defense expenditure and growing adoption of the military image intensifier tubes by defense and government bodies are driving market growth. For instance, in Jun 2018, L3 Technologies Inc. established three-year contract from U.S. Army Contracting Command to deliver soldiers with the next-generation of the binocular night vision goggles that recover targeting, mobility, and maneuverability for the ground forces. Additionally, presence of protuberant image intensifier tube breadwinners such as the Harris Corporation and the L3 Technologies Inc. is boosting market growth.
Factors such as the high military spending, positive government policies, and the presence of leading market players are supporting growth of market in region. Moreover, countries such as U.S. and Canada are technical advanced and the thereby allow faster acceptance of such products. The demand for the images intensifier tube is also high in region owing to presence of massive market for the military grade nocturnal vision devices in U.S. The U.S. Department of Defense is one leading procurers of nocturnal vision devices in world.Competitor overview
Image intensifier tube market is extremely competitive with the players operating on the global, region and the domestic level. Government policies, business developments and alternatives to product are some of the factors players must consider. Prominent growth strategies comprise geographical expansion and the product innovation. Develop for the new technologies and the staying abreast of developing technologies is very crucial for maintain competitive edge.
In Jun 2018, the L3 Technologies, Inc. signed three-year contract, value about USD 391 Million, with U.S. Army Contracting Command to deliver compact next-generation dark vision goggles.
In May 2018, the Photonis and the Night Vision Devices, Inc. entered into strategic partnership where latter became exclusive distributor and the integrator of Photonis’s extremely lightweight image intensifier tubes.Key Players
- L3 Technologies Inc.
- Harris Corporation
- Thales Group
- Armasight Inc.
- American Technologies Network, Corp.
- Bel Optronic Devices Limited
- Bushnell Inc.
- Harder Digital GmbH
- JSC Katod
- New Con International Limited
- Night Owl Optics Inc.
- Photek Limited
- Photonis Technologies
- Yukon Advanced Optics Worldwide Ltd
- Generation I,
- Generation II
- Generation III
- Green Phosphor
- White Phosphor
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA