Military Image Intensifier Market Size, Share, Future Trends, Competitive Analysis and Segments Poised for Strong Growth to 2023
Global Military Image Intensifier Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Pune , India – September 30, 2019 /MarketersMedia/ —
Military image intensifiers are devices that intensify low light-level images into light levels that can be detected by cameras or human eyes. Military image intensifier enables defense personnel to receive enhanced imaging capability during dynamic lighting conditions, such as military operations, that are conducted in urban terrains. Growing demand for enhanced imaging solutions and increased R&D activities in developing advanced military equipment are driving the market.
The military image intensifier market is estimated to register a CAGR of approximately 6.34% during the forecast period from 2018 to 2023.
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. (France), L3 Technologies, Inc. (US), Alpha Optics Systems (Canada), ASELSAN A.Ş. (Turkey), Photek Limited (UK), and Yukon Advanced Optics Worldwide (Lithuania).
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The global military image intensifier market has been segmented based on generation, diameter, application, and region. On the basis of generation, the market is divided into gen 0, gen 1, gen 2, and gen 3. In 2017, the gen 3 segment dominated the global market and is anticipated to grow at the highest CAGR over the forecast period. Gen 3 military image intensifier offers increased performance in extreme low light conditions and is highly reliable as it enables military commanders to receive clear images of targets on the battlefield. Therefore, the segment is expected to propel over the forecast period.
On the basis of diameter, the market is segmented into 25 mm. The 18 mm segment dominated the global market in 2017, and is anticipated to grow at the highest CAGR over the forecast period. Military image intensifier with 18 mm diameter offers higher magnification and provides features such as infrared illuminator. Therefore, the segment is anticipated to bolster over the forecast period.
On the basis of application, the market is segmented into cameras, scopes,and goggles. The cameras segment dominated the global market in 2017; however, the googles segment is expected to grow at the CAGR over the forecast period. Goggles offer convenience and higher visibility in foggy areas to soldiers. Additionally, increased adoption of goggles by defense bodies of various countries is driving the segment growth. For example, in 2018, In June 2018, L3 Technologies, Inc. signed a three-year contract with the U.S. Army Contracting Command amounting approximately USD 391million to provide compact next-generation night vision goggles.
On the basis of region, the global military image intensifier market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. In 2017, North America dominated the global market owing to technologically advanced infrastructure and presence of prominent defense companies such as L3 Technologies, Inc. However, Asia Pacific is expected to grow at the fastest CAGR over the forecast period. Factors such as increasing defense budget of developing economies such as India, and China. Additionally, the increasing need for border protection due to cross-border disputes is also fueling the military image intensifier market in the Asia-Pacific region.
Intended Audience
• Image intensifier manufacturers
• Defense authorities
• Defense companies
• Research Institutes
• Regulatory bodies
Research Methodology
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.
Report Key Insights
• Market Sizing, Forecast, and Analysis: Detailed coverage on market segment and its sub-segments
• Regional / Country Trend and Forecast: Detailed analysis on North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each of the regions
• Market dynamics intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain & value chain analysis
• Technology Trend, Regulatory Landscape, and Patent Analysis Outlook
• Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, strategic developments including JVs, Product Launch, and M&A
• Regional attractiveness and related growth opportunities
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Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Military Image Intensifier Market, by Generation
1.1.2. Global Military Image Intensifier Market, by Diameter
1.1.3. Global Military Image Intensifier Market, by Application
1.1.4. Global Military Image Intensifier Market, by Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Generation Estimation
3.5. Forecast Model
3.6. List of Assumptions
Continued………
List of Tables
Table 1 Global Military Image Intensifier Market, by Region, 2018–2023
Table 2 North America: Military Image Intensifier Market, by Country, 2018–2023
Table 3 Europe: Military Image Intensifier Market, by Country, 2018–2023
Table 4 Asia-pacific: Military Image Intensifier Market, by Country, 2018–2023
Table 5 Rest of the World: Military Image Intensifier Market, by Region, 2018–2023
Table 6 Global Military Image Intensifier, Generation Market, by Region, 2018–2023
Table 7 North America: Military Image Intensifier, Generation Market, by Country, 2018–2023
Continued………
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Continued…….
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