Currently, the infrared detector market is estimated to be worth $463 million worldwide. By 2031, sales of infrared detector sensors are projected to reach $968 million, at a high compound annual growth rate (CAGR) of 7.7%.
During the assessment period 2021 to 2031, the demand for long-wavelength infrared detectors is expected to grow at a much higher CAGR of 8%.
Infrared detector sales accounted for only about 0.23% of the $180 billion global sensor market in 2020, but this share is expected to increase over the next decade.
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Key Findings of the Infrared Detector Market Study:
- Regional analysis of Infrared Detectors Market based on pre-defined classifications.
- Innovative manufacturing processes implemented by Art suppliers are detailed.
- Regional and country segmentation of the Infrared Detectors market to determine revenue and growth prospects in this segment.
- Changing preferences of consumers in different regions and countries.
- Factors affecting the growth of the infrared detector market (both positive and negative).
According to the infrared detector industry analysis, infrared detector manufacturers and suppliers have focused on expansion, investments, acquisitions, deliveries, portfolio expansion, and brand development.
Some of the key developments include:
- In 2021, Lynred introduced a new compact type of infrared detector called the Galatea MW with Size, Weight, and Power (SWAP) capabilities. This new product is compatible with existing optics and integrates easily into military applications.
Similarly, the Fact.MR team has tracked the latest developments from top infrared detector suppliers and can be found in our detailed report.
Key market segments covered in the industry study
· By spectral range
- Medium wave
- long wave
· By technology
- Mercury Cadmium Telluride
- indium gallium arsenide
- micro bolometer
· By application
- Home Appliances
- Medical treatment
· By region
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East Africa
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Queries covered in the Infrared Detectors market report:
- Why are Infrared Detectors Market players targeting regions for increasing product sales?
- Which patented technologies are players utilizing in the global Infrared Detectors market?
- Which regions are exhibiting the fastest growth in the Infrared Detectors market?
- What are the underlying micro-macroeconomic factors impacting the global Infrared Detectors market?
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