Military Image Intensifier Market Size was valued at USD 823.2 million in 2022. The Military Image Intensifier Market is projected to grow to USD 1723.2 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.2% during the forecast period (2022 - 2032).
Military image intensifier assists in detecting and imaging objects at low light levels. Military image intensifier provides detection, recognition, and identification (DRI) capabilities to army personnel, enabling them to experience enhanced target acquisition and safety.
Factors such as the growing demand for advanced night vision devices and stringent government regulations on defense personnel security are expected to boost the market growth. However, low operational hours of military image intensifier and government regulations on manufacturing and exporting of night vision devices may hamper the market growth.
Based on generation, the gen 3 segment is anticipated to witness the highest CAGR over the forecast period. Gen 3 military image intensifier offers enhanced battery performance and provides better sensitivity to light, that enables users to receive enhanced image quality. Therefore, the segment is anticipated to grow at the highest CAGR over the forecast period. On the basis of diameter, the 18 mm segment is anticipated to witness the highest CAGR over the forecast period owing to benefits offered such as extended detection range and high image resolution.
On the basis of application, the goggles segment is anticipated to grow at the highest CAGR over the forecast period. Defense equipment modernization programs undertaken by the governments of various countries are propelling the segment growth.
North America is estimated to account for the largest share during the review period. Presence of prominent players such as FLIR Systems, Inc. and Harris Grumman Corporation is expected to bolster the market growth. However, Asia-Pacific is expected to grow at the fastest CAGR over the forecast period, owing to increasing defense expenditure in emerging economies, such as India and China. Additionally, technological advancements in the region are expected to propel the market growth.
Intended Audience
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.Åž. (Turkey), Photek Limited (UK), and Yukon Advanced Optics Worldwide (Lithuania).
The market numbers and forecast derived were the outcomes of our disciplined research methodology that includes secondary research, primary interviews, followed by data triangulation and validation from our in-house data repository and statistical modeling tools.
Secondary Research
In this process, the data collection was done through various secondary sources, which included annual reports, SEC filings, journals, government association, aerospace & defense magazines, white papers, corporate presentations, company websites, some paid databases, and others.
Primary Research
In this process, both the demand side and supply side parties were involved in extracting genuine facts and insights about the market forecast, production, trend, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain have been approached to obtain key information.
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Military Image Intensifier Market Highlights:
Frequently Asked Questions (FAQ) :
Military image intensifier market can expand at 7.20% CAGR by 2032.
By 2032, the military image intensifier market can earn decent revenue.
ASELSAN A.Åž. (Turkey), Yukon Advanced Optics Worldwide (Lithuania), and Photek Limited (UK) are some reputed names in the military image intensifier market.
The growing utility of camera can promote the military image intensifier market.
The decline in gen 0 sales can hinder the military image intensifier market.
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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