Infrared Detector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Infrared Detector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • January 2022 •
  • 145 pages •
  • Report ID: 6223625 •
  • Format: PDF
The global infrared detector market reached a value of US$ 437.3 Million in 2021. Looking forward, the analyst expects the market to reach US$ 737.4 Million by 2027, exhibiting a CAGR of 8.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Infrared (IR) detectors are electronic devices that are used to detect infrared radiation to measure heat and detect motion. They consist of photodiodes or phototransistors and the sensor, which consists of mercury cadmium telluride, lead sulfide and indium antimonide in silicon. They are commonly available in thermal, microbolometer, indium gallium arsenide, photo (quantum) detector variants. IR detectors are widely used in flame detectors, gas analysers, gas warning devices, medical gas measurement technology for contactless precision temperature measurement. They are also utilized in smart homes, biomedical imaging, spectroscopy, people and motion sensing solutions. In comparison to traditionally used detectors, IR detectors can detect infrared light from a distance and have a compact size.

Infrared Detector Market Trends:
The increasing demand for motion- and people-sensing devices is one of the key factors contributing to the growth of the market. IR detectors are installed in retail shops, homes, museums and libraries and are widely used in burglar alarms, security cameras, safety lighting and garage doors. Additionally, the increasing product utilization in the military and defense industry for surveillance, target detection and target tracking due to the compact size and ability to detect the light from distance is favoring the market growth. Moreover, various product innovations, such as the launch of novel infrared sensors for phone cameras, augmented reality (AR) glasses and driverless vehicles that enable the consumers to see through fog and smoke are providing a thrust to the market growth. In line with this, the widespread product adoption in industrial plants to monitor the functioning of boilers, motors, electrical peripherals and bearings is positively impacting the market growth. Other factors, including the increasing product deployment in smart homes, along with the rising utilization of IR detectors at airports and railway stations, are anticipated to drive the market toward growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global infrared detector market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, spectral range, technology and application.

Breakup by Type:
Thermal Detector
Photo Detector

Breakup by Spectral Range:
Short-wave Infrared
Medium-wave Infrared
Long-wave Infrared

Breakup by Technology:
Mercury Cadmium Telluride
Indium Gallium Arsenide (InGaAs)

Breakup by Application:
Aerospace and Defense
Consumer Electronics

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Excelitas Technologies Corp., Hamamatsu Photonics K.K., InfraTec GmbH, Lynred, Murata Manufacturing Co. Ltd., Nippon Avionics Co. Ltd., Omron Corporation, Raytheon Technologies Corporation, TE Connectivity, Teledyne Technologies Incorporated and Texas Instruments Incorporated.

Key Questions Answered in This Report:
How has the global infrared detector market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global infrared detector market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the spectral range?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global infrared detector market and who are the key players?
What is the degree of competition in the industry?