Infrared Detector Market is Forecasted to Reach US$ 724.52 Million in 2028, Says Stratview Research

The global infrared detector market is projected to witness a growth rate of 6.76% annually from 2023 to 2028, with an anticipated size of US$ 724.52 million by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global infrared 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$ 724.52 million
Growth (CAGR): 6.76% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Infrared Detector Market:

The global infrared detector market is segmented based on product type, technology type, wavelength type, application type, end-user type, and region.

Based on wavelength type - The market is segmented into near-infrared and short-wave infrared, mid-wave infrared, and long-wave infrared. The long-wave infrared is likely to remain dominant in the market during the forecast period, owing to wider applicability in various industries with high demand from the military & defense industry for security and surveillance applications.

Based on end-user type - The infrared detector market is segmented as industrial and non-industrial. The non-industrial segment is estimated to remain the largest end-user of the market during the forecast period, driven by high demand from military & defense and residential & commercial sectors.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1233/infrared-detector-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is projected to remain the largest market over the next five years. This growth outlook is majorly attributed to the following-

• The USA being the key growth engine of the region's market.
• The dominance of the region is attributed to the large defense industry of the USA and the rapid adoption of the technology by other non-industrial sectors of the region.

Infrared Detector Market Drivers:

Some of the key drivers listed in the report are given below.
Increasing demand for security and surveillance systems: The increasing demand for security and surveillance systems is a key driver of the infrared detector market. The increasing demand for security and surveillance systems is being driven by several factors, including.
• Rising crime rates: Crime rates have been rising in many parts of the world, which is leading to an increased demand for security and surveillance systems.
• Growing security concerns: People are becoming increasingly concerned about their safety and security, which is leading them to invest in security and surveillance systems for their homes, businesses, and other properties.

Gaining popularity of technology: Infrared detector technology is constantly advancing, making infrared detectors more affordable, efficient, and versatile.

The rapid adoption of infrared detectors in various industries: Infrared detectors are being rapidly adopted in a variety of industries, including security and surveillance, industrial automation, manufacturing, healthcare, and transportation. The following are some specific examples of how infrared detectors are being used in different industries:
• Industrial automation: Infrared detectors are used in industrial automation to monitor the temperature of machinery and equipment, detect defects in products, and control conveyor belts and other automated systems.
• Manufacturing: Infrared detectors are used in manufacturing to inspect products for defects, measure the temperature of molten metal, and detect the movement of objects on assembly lines.
• Healthcare: Infrared detectors are used in healthcare to measure the temperature of patients, detect tumors, and guide minimally invasive surgery.

Top Companies in the Infrared Detector Market:

Stratview Research has identified the following companies as the top market players.
• Excelitas Technologies Corp.
• FLIR Systems, Inc.
• Hamamatsu Photonics K.K.
• InfraTec GmbH
• Lynred
• Murata Manufacturing Co., Ltd.
• Nippon Ceramic Co., Ltd.
• Omron Corporation
• TE Connectivity Ltd.
• Texas Instruments Inc.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Infrared 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?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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