Infrared Detector market is predicted to grow from USD 535 million in 2023 to USD 751 million by 2028, at a CAGR of 7.0%.
The infrared detector market is experiencing significant growth, driven by increasing demand for advanced sensing technologies across various industries. Valued at USD 465 million in 2023, the market is projected to reach USD 710 million by 2028, growing at a CAGR of 8.8%. Infrared detectors, which detect and measure infrared radiation, are essential in numerous applications, from security and surveillance to healthcare and industrial automation.
Key Drivers
- Rising Security and Surveillance Needs: Infrared detectors are integral to security systems, providing night vision and thermal imaging capabilities. The growing need for enhanced security measures in both public and private sectors is a major driver of market growth.
- Advancements in Consumer Electronics: The integration of infrared technology in consumer electronics, such as smartphones and wearables, for features like facial recognition and gesture control is boosting demand. Infrared detectors enable these devices to perform advanced functions with greater accuracy.
- Healthcare and Medical Applications: Infrared detectors are widely used in medical imaging and diagnostics. They facilitate non-invasive monitoring of physiological parameters, such as body temperature, making them crucial during health crises like the COVID-19 pandemic.
- Industrial Automation: In industrial settings, infrared detectors are used for process monitoring, quality control, and preventive maintenance. Their ability to detect heat signatures and measure temperatures in harsh environments enhances operational efficiency and safety.
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Market Segmentation
The infrared detector market can be segmented based on type, technology, application, and region.
- Type: The market includes thermal detectors and photonic detectors. Thermal detectors, which measure the temperature change due to absorbed radiation, dominate the market due to their broad range of applications and cost-effectiveness. Photonic detectors, which directly detect photons of infrared light, are preferred in high-precision applications.
- Technology: Technologies such as uncooled and cooled infrared detectors are significant segments. Uncooled infrared detectors are more popular due to their lower cost, smaller size, and longer lifespan. Cooled infrared detectors, though more expensive, offer superior sensitivity and are used in specialized applications like military and aerospace.
- Application: Applications span across security and surveillance, consumer electronics, healthcare, automotive, and industrial automation. Security and surveillance hold the largest market share, driven by the increasing need for advanced monitoring systems.
- Region: North America leads the market due to technological advancements and significant investments in defense and security. Europe follows, driven by the adoption of infrared technology in the automotive and industrial sectors. The Asia-Pacific region is expected to witness the fastest growth, fueled by increasing demand for consumer electronics and automotive applications.
1 INTRODUCTION (Page No. — 29)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 INFRARED DETECTOR MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.8.1 RECESSION IMPACT
2 RESEARCH METHODOLOGY (Page No. — 34)
2.1 RESEARCH DATA
FIGURE 2 INFRARED DETECTOR MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
TABLE 1 INFRARED DETECTOR MARKET: PRIMARY INTERVIEWS
TABLE 2 PARTICIPANTS FOR PRIMARY INTERVIEWS
2.1.2.2 Key data from primary sources
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.1.3.2 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS FROM INFRARED DETECTOR MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): BOTTOM-UP ESTIMATION OF INFRARED DETECTOR MARKET, BY TYPE
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to derive market size using bottom-up analysis (demand side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to derive market size using top-down analysis (supply side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 8 RESEARCH ASSUMPTIONS
2.5 APPROACH TO UNDERSTAND RECESSION IMPACT ON THE INFRARED DETECTOR MARKET
2.6 RISK ASSESSMENT
