Gmi Research

  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 sha...