Infrared Detector Market Growth Rate and Industry Analysis 2023-2028
Stratview Research has published a new report titled “Infrared Detector Market” which is segmented by Product Type (Mercury Cadmium Tellurides (MCT), Indium Gallium Arsenide (InGaAs), Pyroelectric, Thermopile, Microbolometer, and Others), by Technology Type (Cooled, Uncooled), by Wavelength Type (Near Infrared, Short-Wave Infrared, Mid-Wave Infrared, and Long-Wave Infrared), by Application Type (People and Motion Sensing, Temperature Measurement, Security and Surveillance, Gas and Fire Detection, Spectroscopy and Biomedical Imaging, and Scientific Applications), by End-User Type (Industrial, Non-Industrial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, The Global Infrared Detector Market is expected to grow from US$ 489.15 Million in 2022 to US$ 724.52 Million by 2028 at a healthy CAGR of 6.76% during the forecast period of 2022-2028.
An infrared detector is used for the detection of infrared lights. There are two main basic forms of infrared detectors viz. thermal and photonic. It is extensively used in still and video night vision cameras.
An infrared detector works on the principle of infrared radiation emitted by the component during which it releases heat to the atmosphere. The technique was first used in 1800 when a prism was used to detect infrared bands.
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https://www.stratviewresearch.com/1233/infrared-detector-market.html
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Wavelength Type
The market is segmented into near-infrared and short-wave infrared, mid-wave infrared, and long-wave infrared.
The long-wave infrared is likely to remain dominant in the market during the forecast period, owing to wider applicability in various industries with high demand from the military & and defense industry for security and surveillance applications.
By End-User Type
The infrared detector market is segmented as industrial and non-industrial.
The non-industrial segment is estimated to remain the largest end-user of the market during the forecast period, driven by high demand from the military & and defense and residential & and commercial sectors.
Which Region is expected to remain the largest market?
North America is projected to remain the largest market over the next five years, with the USA being the key growth engine of the region’s market.
The dominance of the region is attributed to the large defense industry of the USA and the rapid adoption of the technology by other non-industrial sectors of the region.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players active in the infrared detector market:
Excelitas Technologies Corp.
Nippon Ceramic Co., Ltd.
Hamamatsu Photonics K.K.
Murata Manufacturing Co., Ltd.
FLIR Systems, Inc.
Texas Instruments Inc.
Omron Corporation
InfraTec GmbH
Lynred
TE Connectivity Ltd.
Key questions answered by the report.
What is the projected CAGR for revenue from the Infrared Detector Market during the forecast period?
What would the market be valued at by 2028?
What is a major driving factor for the growth of the market?
Which region accounted for the largest revenue share in the Infrared Detector Market?
Which are the major market players?
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