The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth. The report offers actionable and valuable market insights of Infrared Detector. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Infrared Detector Market across various industries and regions.
The global infrared detector market is valued at around US$ 463 Mn at present. Sales of infrared detector sensors are slated to accelerate at a high CAGR of 7.7% to top US$ 968 Mn by 2031.
Demand for long wave infrared detectors is likely to increase at an even higher CAGR of 8% over the assessment period of 2021 to 2031. The global sensors market was valued at US$ 180 Bn in 2020, with infrared detector sales accounting for just around 0.23%; however, this share is expected to increase over the decade.
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|Infrared Detector Market Size (2021)
||US$ 463 Mn
|Projected Market Value (2031)
||US$ 968 Mn
|Global Market Growth Rate (2021-2031)
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Infrared Detector market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Infrared Detector
This newly published and insightful report sheds light on Market Insights of Infrared Detector, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Infrared Detector Market.
Key Market Segments Covered in Infrared Detector Industry Research
By Spectral Range
- Short Wave Infrared Detectors
- Mid-Wave Infrared Detectors
- Long Wave Infrared Detectors
- Mercury Cadmium Telluride
- Indium Gallium Arsenide
- Micro Bolometers
- Infrared Detectors for Automotive
- Infrared Detectors for Consumer Electronics
- Infrared Detectors for Medical
- Infrared Detectors for Military
- Infrared Detectors for Security
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Key Takeaways from Market Study
- Military application is likely to witness sales of US$ 150 Mn by 2031.
- Based on spectral range, mid-wave infrared detectors and long wave infrared detectors are anticipated to be the most lucrative segments with market share of 23.4% and 61.5%, respectively, by 2031.
- Based on region, demand for infrared detectors is expected to increase at CAGR of 3.9% and 6.6% in Latin America and North America, respectively, over the forecast period.
- Together, North America and Europe represent over 48% of overall market share.
- The market in Latin America is valued at US$ 26 Mn at present.
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According to the infrared detector industry analysis, IR detector manufacturers and suppliers have focused on expansion, investments, acquisitions, delivery, portfolio expansion, and brand development.
Some of the key developments are:
- In 2021, Lynred launched new miniature type of infrared detector named Galatea MW, having the features of SWAP (Size, Weight, and Power). This newly launched product is compatible with existing optics and easy to integrate in military applications.
Similarly, recent developments by top providers of infrared detectors have been tracked by the team at Fact.MR, which are available in the detailed report.
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