Infrared Detector Market Anticipated to Garner $466 Million By 2022 at a CAGR of 9.7% | Top Impacting Factors and Growth Opportunities - 2027

According to a report published by Allied Market Research, titled, "Infrared Detector Market by Type (Thermal Detector and Photo detector), Spectral Range (Short-Wave IR, Medium-Wave IR, and Long-Wave IR), Application (Aerospace & Defense, Industrial, Medical, Automotive, Security, and Consumer Electronics) - Global Opportunity Analysis and Industry Forecasts, 2014-2022", the global infrared detector market is expected to reach $466 million by 2022 with a CAGR of 9.7% from 2016-2022. In the year 2014, North America dominated the market and contributed more than 33% share of the overall market revenue followed by Asia-Pacific.

Access Full Summary @ https://www.alliedmarketresearch.com/infrared-detector-market

The presence of key market players in U.S. and Asia-Pacific, rapid industrialization, primarily in manufacturing sectors, rise in demand for better security and monitoring systems, increased application of infrared detectors in residential & consumer electronics sector and increase in government initiatives in aerospace & defense sector have fueled the infrared detector market growth. However, high cost and limited accuracy in harsh conditions could restrict the market growth.

The photo infrared detectors accounted for about 61% of the overall infrared detector market in 2014. Higher accuracy and fast response of photo infrared detectors led this segment to dominate the overall infrared detector market. However, thermal infrared detector segment is expected to register a CAGR of 11.6 % and demonstrate significant growth during the forecast period. This is due to the low cost and less maintenance as many renowned companies have launched advanced technology products. Moreover, North America has contributed significantly in the photo infrared detector segment.

Download Sample Report (Get Full Insights in PDF - 180 Pages) @ https://www.alliedmarketresearch.com/request-sample/1771

Even though, North America contributed towards the maximum revenue share in 2014. Asia-Pacific is expected to show highest CAGR during the forecast period. This could be attributed to various factors including increase in the security concerns in residential and industrial sectors and numerous government initiatives. Moreover, improvement in aerospace & defense technologies has boosted the installation of infrared detectors in Asian countries, particularly in China, Japan, and India.

However, Asia-Pacific is projected to be the fastest growing region throughout the analysis period. China has the biggest market for infrared detector manufacturers and consumers. Moreover, surge in manufacturing industry activities and increased expenditures in the emerging markets, such as Japan and India, to satisfy the exponential growth in security concerns have strengthened the market growth. Technological advancements for cost-effective infrared detectors in these nations offer lucrative opportunity for the infrared detectors market.

Get Up to 30% Discount - Hurry Up!
Make Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/1771

Key findings of the Study:
1. The photo infrared detector type led the overall infrared detector market revenue in 2014, and it is projected to grow at a CAGR of 8.5% during the forecast period
2. Long-Wave IR segment is expected to exhibit rapid growth
3. North America led the world infrared detector market, but Asia-Pacific is expected to lead the market in2022
4. China led the overall Asia-Pacific infrared detector market with about one-third of the market shares in the region

The key players in the infrared detector market are dedicated to expand their business operations in the emerging countries with acquisition and product launch as a preferred strategy. The major players profiled in this report include 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, and Nippon Avionics.

Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Infrared Detector Market, By Type
Chapter 5: Global Infrared Detector Market, By Spectral Range
Chapter 6: Global Infrared Detector Market, By Application
Chapter 7: Global Infrared Detector Market, By Geography
Chapter 8: Company Profiles

Buy Now @ https://www.alliedmarketresearch.com/checkout-final/641b0d4ff4e0072ead56416a4d3f2127

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.