Thermal Detector Market is Forecasted to Reach US$ 628 million in 2028, Says Stratview Research

The global Thermal Detector Market is projected to witness a growth rate of 5.8% annually from 2023 to 2028, with an anticipated size of US$ 628 million in 2028, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global Thermal Detector Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Report Highlights:
Market Size in 2028: US$ 628 million
Growth (CAGR): 5.8% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Thermal Detector Market:

The global Thermal Detector Market is segmented based on product type, application type, and region.
Based on product type: The thermal detector market is segmented into thermopile and pyroelectric sensors. Between the two product types, the thermopile sensor is estimated to be the dominant as well as the fastest-growing segment in the coming years.
Thermopile sensors have a lower cost as compared to pyroelectric sensors and are increasingly becoming popular in a wide range of applications, such as temperature measurement, gas sensing, and motion detection, owing to their features like non-contact temperature measurement, fast response time, and wide detection range.
Based on application type: The market is segmented into LETM, position and motion detection, gas and fire detection, smart building, spectroscopy, people counting, HVAC, and HETM. Among the different application types, position and motion detection is expected to remain the dominant market segment during the forecast period. As it enables the detection of any change in temperature over a wide range of wavelengths, this application plays a critical role in a wide range of industries, including robotics, security, transportation, manufacturing, and fire detection.
In the years to come, it is expected that the smart building segment will witness the fastest market growth, due to the large usage of thermal detectors in smart homes for a variety of purposes, such as temperature monitoring, occupancy detection, and security.
To know the most attractive segments, click here: https://www.stratviewresearch.com/Request-Sample/3374/thermal-detector-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market for thermal detectors during the forecast period. This growth outlook is majorly attributed to the following-
• This region is home to a large number of major OEMs, such as NICERA, OMRON Corporation, and Murata Manufacturing Ltd.
• The region has also been witnessing significant growth in demand from industries, such as aerospace, defense, automotive, and healthcare, particularly in countries like China, India, Japan, and South Korea.
Thermal Detector Market Drivers:
Some of the key drivers listed in the report are given below.
• The thermal detector market is anticipated to grow as a result of the rising demand for non-contact temperature measuring solutions across several sectors, such as automotive, healthcare, and building & construction.
• Thermal detectors are used in the automotive industry primarily for applications, such as engine temperature monitoring, cabin temperature control, and tire pressure monitoring.
• With the increasing demand for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles, the demand for thermal detectors is expected to grow significantly in the coming years.
• Similarly, with increasing security concerns, there is a growing demand for thermal detectors that can detect intruders in the dark.
• Likewise, in the industrial sector, thermal detectors are used for applications such as process control, equipment monitoring, and energy management. These sensors are also crucial components of automation systems, which have become a major factor in increasing industrial efficiency across many sectors.
Top Companies in the Thermal Detector Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Amphenol Advanced Sensors
• Excelitas Technologies Corp.
• HAMAMATSU PHOTONICS K.K
• Heimann Sensor GmbH
• Melexis
• Murata Manufacturing Co., Ltd.
• NICERA
• OMRON Corporation
• SEMITEC Corporation
• TE Connectivity
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Thermal Detector Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.