Infrared Detector Market: Current Analysis and Forecast (2022-2028)

Global Infrared Detector Market is expected to grow at a significant rate of around 7% during the forecast period. The global infrared detector market is uplifting on the account of the increasing adoption of infrared detectors in motion sensing and temperature measurement applications, the rising demand for security and surveillance cameras in different industries, and the growing use of infrared detectors in manufacturing and industrial applications. Moreover, the increasing use of infrared detectors in places, such as retail shops, airports, homes, museums, and libraries for counting people and motion detection is further contributing to the growth of this market. Moreover, the increasing number of smart security camera households owing to the rising cases of burglary is further impacting the growth of the infrared detector market. For instance, in 2020, the number of smart security camera households was around 247 million which increased to more than 335 million in 2021.

Excelitas Technologies Corp., Teledyne FLIR LLC, Hamamatsu Photonics K.K., Murata Manufacturing Co. Ltd., Texas Instruments Incorporated, Omron Corporation, Raytheon Technologies Corporation, Nippon Avionics Co. Ltd., Lynred USA, and Honeywell International Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst type, photonic infrared detectors to witness robust CAGR during the forecast period"

Based on type, the market is classified into thermal and photonic. The photonic infrared detectors are expected to witness a robust CAGR during the forecast period. This is due to the wide range of applications of photonic IR detectors. They are extensively used in many applications such as remote sensing, thermal imaging, environmental monitoring, and communication systems.

"Amongst spectral range, the long-wave spectral range segment to hold a significant share in the market in 2020"

Based on spectral range, the market is divided into near-wave infrared, short-wave infrared, medium-wave infrared, and long-wave infrared. The long-wave infrared held a significant share of the global infrared detector market in 2020. The ability to provide excellent detection capabilities even in low light and detect signs of heat are some of the major factors driving the growth of this segment. Light with a wavenumber of 12,500 to 4,000 cm is called near-infrared light. This wavelength is just outside the range of human vision and can sometimes provide sharper details than visible light imaging.

"North America to hold a significant share in the market"

In 2020, North America held a significant share of the global infrared detector market. This is largely due to the presence of the major infrared detector manufacturers in the region coupled with the increasing applications for surveillance and security, and motion sensing in the commercial, residential, and defense sectors are also influencing the growth of this market in the region. Moreover, the region is seeing increased demand for infrared detectors from the military and defense sector, as well as temperature measurement and industrial applications. The introduction of remote sensing technology has supplied crucial intelligence data to protection forces. Hence, the increasing budget of major space agencies is further contributing to the growth of this market in the region. For instance, in 2020, a budget of more than USD 23 billion was allocated to NASA, and this number increased to more than USD 24 Bn in 2022.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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