Infrared Detector Market
Infrared Detector Market is expected to garner USD 456.7 million in 2019 and is expected to garner USD 806.0 million by 2030, registering a CAGR of 5.3% during the forecast period 2020 – 2030. Increased demand of consumer electronics, safety services at public places and wide application in various other end user industries are expected to be the major factors driving the growth of infrared detector market over the forecast period.
The Global Infrared Detector Market is expected to garner USD 456.7 million in 2019 and is expected to garner USD 806.0 million by 2030, registering a CAGR of 5.3% during the forecast period 2020 – 2030.
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Top Companies: Texas Instruments Inc., Honeywell International Inc., Omron Corporation, Excelitas Technologies Corp., Hamamatsu Photonic K.K., FLIR Systems Inc., Murata Manufacturing Co. Ltd., Raytheon Company, Sofradir, Nippon Avionics and others.
The increasing demand for infrared detectors in both industrial and non-industrial sectors for temperature measurement, motion sensing has propelled the infrared detector market growth. Also, the compact size and cost effectiveness of infrared detector makes it preferable over other photonic devices for motion sensing and other applications. However, the fact that infrared detectors cannot penetrate hard objects as walls and doors along with its limited ability to work in smoke, dust and sunlight acts as a barrier in the expansion of infrared detector market. On the other hand, the aggressive R&D to develop infrared detectors with greater accuracy and high penetrating power, coupled with reduction in the prices and use of night vision ability for military applications are expected to create numerous opportunities in the market over the forecast period.
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The global infrared market is segmented on the basis of type, spectral range, application and geography. On the basis of type, the market is classified into thermal detector and photo detector. By spectral range infrared detector market is sub divided into short-wave IR, medium-wave IR, and long-Wave IR. By applications the market is sub segmented into aerospace & defence, industrial, medical, automotive, security, and consumer electronics. Among various spectral range, globally, long-wave IR detectors dominates the market due to their ability to sense thermal signs and provide excellent detection capability in low-light conditions. Geographically, the infrared detector market is divided into North America, Europe, Asia-Pacific and rest of the world.
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