With 7.0% CAGR, Infrared Detector Market Growth to Surpass USD 751 million

The global Infrared detector market is expected to grow from USD 535 million in 2023 to USD 751 million by 2028 at a CAGR of 7.0%. Technological advancements have led to the development more efficient and high-performance infrared detectors. These detectors now offer improved sensitivity, higher resolution, faster response times, and reduced noise levels, making them more attractive for various applications. Furthermore, the increasing use of infrared detectors in areas such as thermal imaging, gas sensing, spectroscopy, and non-contact temperature measurement is driving the infrared detector.

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The Longwave infrared is expected to hold the larger infrared detector market during the forecast period. The market for long infrared (LWIR) detectors has been experiencing significant growth in recent years. Long infrared detectors are designed to detect and measure infrared radiation in the long-wavelength range, typically between 8 to 14 micrometers (µm). They are used in various applications, including thermal imaging, gas detection, spectroscopy, and industrial process monitoring. Furthermore, the growing demand for safety and security solutions drives the LWIR detector market. LWIR detectors enable the detection of heat signatures in low-light or no-light environments, making them suitable for applications such as perimeter security, surveillance, and fire detection systems.

The Infrared detector market for people and motion sensing is expected to grow at the highest CAGR during the forecast period. Several factors drive the market of infrared detectors used in people and motion sensing. Firstly, there is a growing demand for enhanced security and safety systems in residential, commercial, and industrial settings. Infrared detectors play a crucial role in these systems by detecting human presence and movement, enabling alarm systems, access control, and surveillance systems to operate effectively. Furthermore, the increasing focus on energy efficiency and sustainable building management has led to the adoption smart lighting and HVAC (heating, ventilation, and air conditioning) systems. Infrared detectors are integrated into these systems to detect occupancy and adjust lighting and temperature accordingly, resulting in energy savings and improved comfort.

The nonindustrial segment is expected to hold the larger size of the infrared detector market during the forecast period. The high demand for infrared detectors in nonindustrial verticals can be attributed to several factors, such as military & defense, residential & commercial, scientific research, and medical & healthcare applications. Infrared detectors are vital in security and surveillance applications across various sectors. They detect human presence and movement even in low-light or no-light conditions. It makes them valuable in residential, commercial, and public spaces for intrusion detection, perimeter security, and video surveillance applications.

Furthermore, Infrared detectors find applications in healthcare and medical sectors for various purposes. They are used in thermal imaging cameras to monitor body temperature, detect fever, and identify abnormal thermal patterns. Infrared detectors are also employed in non-contact thermometers, patient monitoring systems, and medical imaging devices, contributing to the demand in this vertical.

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North America is expected to witness the largest share of the infrared detector market in 2023, and a similar trend is likely to be observed during the forecast period. People and motion sensing, temperature measurement, and security and surveillance are the major applications for which infrared detectors are adopted mostly in the region's military & defense, residential, and commercial verticals. Furthermore, increasing security concerns, technology advancement, adoption of smart home technology, and stringent regulations and standards in various industries such as healthcare and automotive are driving the infrared detector market in the region. Several companies offering infrared detectors mark a presence in this region, which further adds to the growth of the infrared detector market in North America. Excelitas Technologies Corp. (US), Texas Instruments Incorporated (US), Honeywell International (US), and Teledyne FLIR LLC (US), are some of the major providers of infrared detectors in North America.

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This release was published on openPR.