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Infrared Sensors Market - Increasing Concerns About Environment Protection and Energy Conservation
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As per the assessment of Transparency Market Research, the global infrared sensor market was valued at US$ 295.1 Mn in 2017 and is expected to reach a valuation of US$ 692.8 Mn in 204 end, displaying a CAGR of 12.9% during the period of assessment 2017-2024.
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With the enormous advancements in technological evolution, the present day infrared sensors are lightweight, affordable and consume lesser power. Such type of advantages are boosting the global infrared sensor market with their applications in various type of industries ranging from defense to IoT and energy conservation. In the context of military applications, infrared light can be detected from a vast distance and this enables the detection of movements in real time, thus improving situational awareness and proving to be a boon for security applications.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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