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 OverviewGlobal 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 OverviewThe 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 OverviewGlobal 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 overviewImage 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
- Aselsan
- 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
Market SegmentationBy Generation
- Generation I,
- Generation II
- Generation III
By Phosphor
- Green Phosphor
- White Phosphor
By Geography
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
