Infrared Detector Market Analysis | 2023-2028

Market Insights

The infrared detector market was estimated at USD 489.15 million in 2022 and is likely to grow at a CAGR of 6.76% during 2023-2028 to reach USD 724.52 million in 2028.

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Market Dynamics

Introduction

An infrared detector is used for the detection of infrared lights. There are two main basic forms of infrared detectors viz. thermal and photonic. It is extensively used in still and video night vision cameras. An infrared detector works on the principle of infrared radiation emitted by the component during which it releases heat to the atmosphere. The technique was first used in 1800 when a prism was used to detect infrared bands.

Market Drivers

The following are the key drivers of the infrared detector market:

Increasing demand for security and surveillance systems: The increasing demand for security and surveillance systems is a key driver of the infrared detector market. The increasing demand for security and surveillance systems is being driven by several factors, including.

• Rising crime rates: Crime rates have been rising in many parts of the world, which is leading to an increased demand for security and surveillance systems.
• Growing security concerns: People are becoming increasingly concerned about their safety and security, which is leading them to invest in security and surveillance systems for their homes, businesses, and other properties.

Gaining popularity of technology: Infrared detector technology is constantly advancing, making infrared detectors more affordable, efficient, and versatile.

The rapid adoption of infrared detectors in various industries: Infrared detectors are being rapidly adopted in a variety of industries, including security and surveillance, industrial automation, manufacturing, healthcare, and transportation. The following are some specific examples of how infrared detectors are being used in different industries:

• Industrial automation: Infrared detectors are used in industrial automation to monitor the temperature of machinery and equipment, detect defects in products, and control conveyor belts and other automated systems.
• Manufacturing: Infrared detectors are used in manufacturing to inspect products for defects, measure the temperature of molten metal, and detect the movement of objects on assembly lines.
• Healthcare: Infrared detectors are used in healthcare to measure the temperature of patients, detect tumors, and guide minimally invasive surgery.

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Key Players

The following are the key players in the infrared detector market (arranged alphabetically).

• Excelitas Technologies Corp.
• FLIR Systems, Inc.
• Hamamatsu Photonics K.K.
• InfraTec GmbH
• Lynred
• Murata Manufacturing Co., Ltd.
• Nippon Ceramic Co., Ltd.
• Omron Corporation
• TE Connectivity Ltd.
• Texas Instruments Inc.

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Wavelength Type

"The long-wave infrared segment accounted for the largest market share."

The market is segmented into near-infrared and short-wave infrared, mid-wave infrared, and long-wave infrared. The long-wave infrared is likely to remain dominant in the market during the forecast period, owing to wider applicability in various industries with high demand from the military & defense industry for security and surveillance applications.

By End-User Type

"The non-industrial segment accounted for the largest market share."

The infrared detector market is segmented as industrial and non-industrial. The non-industrial segment is estimated to remain the largest end-user of the market during the forecast period, driven by high demand from military & defense and residential & commercial sectors.

Regional Insights

"North America accounted for the largest market share."

North America is projected to remain the largest market over the next five years. The USA being the key growth engine of the region’s market. The dominance of the region is attributed to the large defense industry of the USA and the rapid adoption of the technology by other non-industrial sectors of the region.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s infrared detector market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our infrared detector market report from the industry stakeholders, we have tried to further accentuate our research scope to the infrared detector market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The infrared detector market is segmented into the following categories.

By Product Type

• Mercury Cadmium Tellurides (MCT)
• Indium Gallium Arsenide (InGaAs)
• Pyroelectric
• Thermopile
• Microbolometer
• Others

By Technology Type

• Cooled
• Uncooled

By Wavelength Type

• Near Infrared
• Short-Wave Infrared
• Mid-Wave Infrared
• Long-Wave Infrared

By Application Type

• People and Motion Sensing
• Temperature Measurement
• Security and Surveillance
• Gas and Fire Detection
• Spectroscopy and Biomedical Imaging
• Scientific Applications

By End-User Type

• Industrial
• Non-Industrial

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.