Image Intensifier Market Opportunities and Strategies to 2033

This report describes and explains the image intensifier market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global image intensifier market reached a value of nearly $1.45 billion in 2023, having grown at a compound annual growth rate (CAGR) of 6.15% since 2018. The market is expected to grow from $1.45 billion in 2023 to $2.43 billion in 2028 at a rate of 10.88%. The market is then expected to grow at a CAGR of 10.54% from 2028 and reach $4.01 billion in 2033.

Growth in the historic period resulted from strong economic growth in emerging markets, increased demand for minimally invasive surgeries, increased demand for medical imaging tests and increasing investments in smart city infrastructure. Factors that negatively affected growth in the historic period was competition from alternative technologies.

Going forward, increasing military expenditure, increasing urbanization, growing prevalence of chronic diseases and favorable government initiatives will drive the growth. Factor that could hinder the growth of the image intensifier market in the future include regulatory restrictions and high production costs.

The image intensifier market is segmented by diameter into less than 18mm, 18 to 25mm, 25 to 40mm, 40mm to 75mm and 75mm and above. The 18 to 25mm market was the largest segment of the image intensifier market segmented by diameter, accounting for 35.07% or $508.52 million of the total in 2023. Going forward, the less than 18mm segment is expected to be the fastest growing segment in the image intensifier market segmented by diameter, at a CAGR of 12.11% during 2023-2028.

The image intensifier market is segmented by application into cameras, scopes, goggles and x-ray detectors. The goggles market was the largest segment of the image intensifier market segmented by application, accounting for 46.04% or $667.58 million of the total in 2023. Going forward, the X-ray detectors segment is expected to be the fastest growing segment in the image intensifier market segmented by application, at a CAGR of 12.01% during 2023-2028.

The image intensifier market is segmented by end user into medical, industrial, defense and surveillance and other end users. The defense and surveillance market was the largest segment of the image intensifier market segmented by end user, accounting for 49.29% or $714.75 million of the total in 2023. Going forward, the medical segment is expected to be the fastest growing segment in the image intensifier market segmented by end user, at a CAGR of 12.04% during 2023-2028.

North America was the largest region in the image intensifier market, accounting for 40.92% or $593.4 million of the total in 2023. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the image intensifier market will be Asia Pacific and Western Europe where growth will be at CAGRs of 11.73% and 11.16% respectively. These will be followed by North America and South America where the markets are expected to grow at CAGRs of 10.82% and 10.06% respectively.

The global image intensifier market is fairly fragmented, with large number of small players operating in the market. The top ten competitors in the market made up to 24.8% of the total market in 2023. Hamamatsu Photonics K.K. was the largest competitor with a 4.7% share of the market, followed by Elbit Systems Ltd. with 4.1%, Exosens SAS. with 3.9%, L3HARRIS TECHNOLOGIES, INC. with 2.8%, Canon Inc. with 2.7%, Aselsan A.S. with 2.2%, Medline Industries LP with 2%, Nikon Corporation. with 0.8%, Northrop Grumman Corporation with 0.8% and THEON International PLC. with 0.7%.

The top opportunities in the image intensifier market segmented by diameter will arise in the 18 to 25 mm segment, which will gain $354.94 million of global annual sales by 2028. The top opportunities in the image intensifier market segmented by application will arise in the goggles segment, which will gain $460.45 million of global annual sales by 2028. The top opportunities in the image intensifier market segmented by end user will arise in the defense and surveillance segment, which will gain $490.56 million of global annual sales by 2028. The image intensifier market size will gain the most in USA at $327. 25 million.

Market-trend-based strategies for the image intensifier market include developing cutting-edge image intensifiers to support high-end scientific research, focusing on advanced low-light imaging with enhanced zoom and 4K UHD (ultra-high definition) quality, developing night vision tubes that offer enhanced FOM (Figure of Merit) and luminance for critical operations, developing innovative products, such as advanced imaging devices and introducing new products with new image intensifier adapters that enhance low-light imaging performance.

Player-adopted strategies in the image intensifier market include focus on enhancing its operational capabilities through the launch of new products, strengthening its business operations through securing new contracts, focuses on investments to expand their business expertise and strengthening its market position through strategic partnerships and collaborations.

To take advantage of the opportunities, the analyst recommends the image intensifier companies to focus on developing high-performance image intensifiers, focus on advanced low-light imaging solutions, focus on high-performance night vision tubes, focus on terahertz imaging technology, focus on advanced image intensifier adapters, focus on less than 18 mm image intensifiers, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, continue to use B2B promotions, continue to use B2C promotions, focus on x-ray detectors, focus on defense and surveillance market and focus on urban population.