Report Overview
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The global infrared detector market size was USD 2548.8 million in 2022. As per our research, the market is expected to reach USD 3061.2 million in 2028, exhibiting a CAGR of 3.1 % during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with infrared detector market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
An infrared detector is a device that can sense and detect infrared radiation. Infrared radiation is a type of electromagnetic radiation with longer wavelengths than visible light, and it is emitted by all objects that have a temperature above absolute zero. There are several types of infrared detectors, including thermal detectors, photoconductive detectors, photovoltaic detectors, and quantum detectors. Each type of detector works in a slightly different way, but all of them are designed to convert infrared radiation into an electrical signal that can be analyzed or displayed. Infrared detectors have many applications, including in thermal imaging cameras, remote sensing, and night vision equipment. They are also used in industrial processes to measure temperature and detect leaks in pipelines or containers.
The infrared detector market size is growing due to the increasing demand for various applications in different industries. In the medical industry, infrared detectors are used in devices for non-invasive body temperature measurement and monitoring. The use of infrared detectors in security systems and surveillance cameras is also on the rise. Additionally, the growth of the automotive industry has led to increased demand for infrared detectors in driver assistance systems, such as collision avoidance and blind spot detection. Furthermore, the rise of the Internet of Things (IoT) and smart home technology has created a need for infrared detectors in home automation systems, such as motion detection for lights and thermostats. The growing popularity of these technologies, coupled with advancements in the design and manufacturing of infrared detectors, has resulted in a significant increase in demand for this product.
COVID-19 Impact: Pandemic Causes Mixed Effects on the Infrared Detector Market
The COVID-19 pandemic has had a mixed impact on the infrared detector market. On one hand, the demand for thermal imaging cameras for temperature screening in public spaces, such as airports and hospitals, has increased significantly, leading to a surge in demand for infrared detectors. However, on the other hand, the slowdown in the automotive industry and construction sector due to lockdowns and restrictions has impacted the demand for infrared detectors used in driver assistance systems and construction equipment. Moreover, supply chain disruptions and production delays caused by the pandemic have resulted in increased lead times and higher prices for infrared detectors. Nonetheless, with the gradual easing of restrictions and the resumption of economic activities, the market is expected to recover and continue growing in the coming years.
Latest Trends
"Multispectral And Hyperspectral Imaging Systems Are Being Developed, Which Is A Trend In The Market For Infrared Detectors"
One trend in the infrared detector market is the development of multispectral and hyperspectral imaging systems. These systems use advanced sensors and algorithms to capture and process data from multiple wavelength bands, providing more detailed and accurate information about the target object or scene. Several new products and technologies related to this trend are being launched, including hyperspectral cameras for agriculture and environmental monitoring, as well as multispectral imaging systems for medical diagnosis and industrial quality control. Leading players in the market, such as FLIR Systems, Teledyne DALSA, and Hamamatsu Photonics, are investing heavily in research and development to stay ahead of the competition and capitalize on this trend. They are also expanding their product portfolios through partnerships and acquisitions to offer a wider range of infrared detector solutions to their customers.
SEGMENTATION
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- By type
Depending on infrared detector market given are types: Uncooled Infrared Detector, Cooled Infrared Detector. The Uncooled Infrared Detector type will capture the maximum market share through 2028.
- By Application
The market is divided into Civil, Military based on application. The global infrared detector market players in cover segment like Civil will dominate the market share during 2022-2028.
Driving Factors
"The Growing Usage Of Smart Home Technologies Is One Reason Fueling The Need For Infrared Detectors"
One driving factor boosting the infrared detector market growth is the increasing adoption of smart home technology. As more and more households become connected and automated, there is a growing need for sensors and detectors that can detect changes in the environment and trigger automated responses. Infrared detectors are a key component in smart home systems, as they can detect motion, temperature changes, and other environmental factors that can be used to control lighting, HVAC systems, and other appliances. The convenience and energy savings offered by smart home technology have made it increasingly popular among consumers, which is driving the demand for infrared detectors and other sensing technologies.
"The Growing Usage Of Drones In A Variety Of Sectors Is Another Factor Fueling Demand For Infrared Detectors"
Another driving factor boosting the demand for infrared detector market growth is the increasing use of drones in various industries. Drones equipped with infrared cameras are used for a variety of applications, including search and rescue operations, monitoring of agricultural land, detection of leaks in pipelines, and inspection of infrastructure. Infrared cameras provide critical information that is not visible to the naked eye, allowing for more accurate and efficient data collection. As the use of drones continues to grow in various industries, the demand for infrared detectors is expected to rise as well. Leading manufacturers are developing smaller and lighter infrared cameras to be mounted on drones, making them more accessible to businesses and organizations of all sizes.
Restraining Factors
"The High Price Of Sophisticated Infrared Detectors Is One Restraint On The Infrared Detector Market"
One restraining factor affecting the infrared detector market growth is the high cost of advanced infrared detectors. While the cost of infrared detectors has decreased over the years, advanced detectors such as cooled infrared detectors and quantum detectors remain expensive due to their complex manufacturing processes and advanced technologies. This makes them less accessible to small and medium-sized businesses that may not have the budget for high-end equipment. Additionally, the COVID-19 pandemic has caused supply chain disruptions and production delays, leading to higher prices and longer lead times for infrared detectors. As a result, some companies may opt for cheaper alternatives or delay investments in infrared detection technology until prices become more favorable. This can limit the growth of the infrared detector market in the short term.
Regional Insights
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"The Infrared Detector Market Is Anticipated To Be Dominated By The Asia-Pacific Region In The Next Years"
The Asia-Pacific region is expected to be the leading region in the infrared detector market share in the coming years. The region is home to several rapidly developing economies, including China, India, and Japan, which are investing heavily in infrastructural development and defense modernization. This is driving the demand for infrared detectors used in various applications, including surveillance, automotive, and aerospace. Additionally, the region has a large and growing population, which is fueling the demand for consumer electronics and smart home technology that utilizes infrared detectors. Leading players in the market, such as FLIR Systems, Hamamatsu Photonics, and Murata Manufacturing Co., Ltd., are expanding their presence in the region by opening new facilities and forming partnerships with local companies. This is expected to further boost the growth of the infrared detector market in the Asia-Pacific region.
North America is expected to be the second-leading region in the infrared detector market share. The region has a well-established defense industry and a growing demand for infrared detectors used in military and aerospace applications. In addition, the region has a mature automotive industry that is increasingly adopting infrared detectors in advanced driver assistance systems. The region also has a large and technologically advanced healthcare industry, which is driving the demand for infrared detectors used in medical imaging and diagnosis. Leading players in the market, such as Teledyne DALSA, Honeywell International Inc., and Texas Instruments Inc., are expanding their presence in the region by investing in R&D and forming partnerships with local companies.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- FLIR Systems Inc. (U.S)
- Lynred (former Sofradir) (France)
- Iray (China)
- Leonardo DRS (U.S)
- BAE Systems (U.K)
- Dali Technology (China)
- L3Harris Technologies, Inc. (U.S)
- Semi Conductor Devices (SCD) (Israel)
- Guide Infrared (China)
- Gwic (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 2548.8 Million in 2022 |
Market Size Value By |
US$ 3061.2 Million by 2028 |
Growth Rate |
CAGR of 3.1% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What are the key factors driving the infrared detector market?
Growing usage of smart home technologies and growing usage of drones in a variety of sectors are the key factors driving the infrared detector market.
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What was the impact of COVID-19 on the infrared detector market?
The pandemic causes mixed effects on the infrared detector market.
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What is the leading region in the infrared detector market?
Asia Pacific is the leading region in the infrared detector market.
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What are the key players in the infrared detector market?
FLIR Systems Inc., Lynred (former Sofradir), Iray, Leonardo DRS are some of the key players in the infrared detector market.