Infrared Detector Market Share, Growth & Forecast 2022-2027

 

Infrared Detector Market

The Infrared Detector Market is estimated to grow at a faster CAGR during the forecast period (2020-2027).

The factors driving the growth of Infrared Detector Market includes increasing application of Infrared detectors in the end-use industries such as Automotive, Medical and Aerospace, growing demand for home security systems and rising installation of IR detectors in retail shops and museums around the world. According to the report published by Statista, the Global Home Security Market was calculated around USD 2.69 billion in 2021 and is predicted to reach more than USD 5 billion by the end of 2025, which will accelerate the Infrared Detector Market size in the approaching years. Moreover, the increasing penetration of smartphones, technological advancements in the infrared detectors, rise in the launch of innovative products and growing popularity of driverless cars, are some of the additional factors supplementing the Infrared Detector Market share. In addition, the increasing investments by leading players on research and development, rising disposable incomes and rapid urbanization, are further contributing to the market growth.

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However, the growth of Infrared Detector Market is hindered due to strict regulations regarding the export and import of cameras.

The leading players operating in the market are Murata Manufacturing Co., Ltd., OMRON Corporation, Texas Instruments Incorporated, Excelitas Technologies Corp., Hamamatsu Photonics, NICERA, Lynred, InfraTec GmbH, FLIR Systems, Inc., and TE Connectivity, among others.

Based on Application, the People & Motion Sensing segment is predicted to expand at a significant CAGR during the forecast period

Increasing deployment of people and motion sensing devices at malls, airports, and museums, are propelling the growth of the segment.

Based on Spectral Range, the Long-Wave IR segment is projected to grow at a remarkable CAGR over the forecast period

Long-Wave IR devices are comparatively cheaper than the Short-Wave IR devices along with increasing demand  for IR devices by the defense forces, are some of the key factors responsible for the segment’s growth.

Based on Region, the North American region is anticipated to capture a sizeable market share during the forecast period

Rise in Government’s expenditure on the defense sector, presence of the leading players such as Honeywell International (US) and Texas Instruments (US), growing demand for smart home devices, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North America.

Key Developments

  • In 2020, Excelitas Technologies Corp launched 4.1 of the Infrared Sensing Solutions Catalog, which can be used for motion detection, temperature measurement, and gas detection.
  • In September 2019, Lynred and ADE Technology Inc. partnered on 80x80 infrared detectors and planning to use it healthcare markets.

Market Segmentation

Global Infrared Detector Market by Type

  • Thermal Detector
  • Photo Detector

Global Infrared Detector Market by Spectral Range

  • Short-Wave IR
  • Medium-Wave IR
  • Long-Wave IR

Global Infrared Detector Market by Application

  • People & Motion Sensing
  • Temperature Management
  • Security & Surveillance
  • Gas & Fire Detection
  • Spectroscopy & Biomedical Imaging
  • Scientific Applications

Global Infrared Detector Market by End-Use Industry

  • Aerospace & Defense
  • Industrial
  • Medical
  • Automotive
  • Security
  • Consumer Electronics

 

Global Infrared Detector Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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