Image Intensifier Tube Market Key Players and Future Analysis

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.

Impact of COVID-19 Pandemic on APAC Image Intensifier Tube Market

The COVID-19 outbreak significantly affected the image intensifier tube market in 2020. The imposition of a ban on commercial activities disrupted the industrial supply chains in Asia Pacific, leading to raw material shortages. Image intensifier tubes consist of input phosphor, photocathode, electrostatic focusing lenses, accelerating anode, and output phosphor, which are manufactured in Asian countries. Due to a temporary halt in business operations because of the COVID-19 crisis, rollouts of many image intensifier tube systems were adversely impacted.

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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.

Image intensifier tubes are installed into x-ray machines to convert transmitted x-rays into a brightened and visible light image. Most x-ray machine manufacturers are majorly focusing on the development of advanced x-ray scanner systems for healthcare, medical, and security applications. A few of the recent developments by x-ray machine manufacturers are mentioned below:

· In December 2020, Arcoma AB announced the launch of its new Omnera 500A x-ray system across the US market. OMNERA 500A offers new intelligent automation features to help improve workflow and efficiency without compromising patient care.

· In March 2021, Fujifilm India Pvt Ltd launched its new mobile radiology system for healthcare applications. The system offers high-resolution imaging with low x-ray doses.

A rise in the procurement of imaging devices would continue to drive the demand for image intensifier tubes, fueling the overall image intensifier tube market growth.

Canon Electron Tubes & Devices Co Ltd, Elbit Systems Ltd.; L3Harris Technologies Inc., Photek Ltd, Photonis Technologies SAS are the Prominent Market Participants in the Image Intensifier Tube Market

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global image intensifier tube market.

· Highlights key business priorities in order to assist companies to realign their business strategies

· The key findings and recommendations highlight crucial progressive industry trends in the global image intensifier tube market, thereby allowing players across the value chain to develop effective long-term strategies

· Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

· Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

· Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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TABLE OF CONTENTS

· Image Intensifier Tube Market Landscape

· Image Intensifier Tube Market - Key Market Dynamics

· Image Intensifier Tube Market – Global Market Analysis

· Image Intensifier Tube Market Revenue and Forecast to 2028 – Generation

· Image Intensifier Tube Market Revenue and Forecast to 2028 – End User

· Image Intensifier Tube Market – Geographic Analysis

· Image Intensifier Tube Market – COVID-19 Impact Analysis

· Company Profiles

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