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Infrared Detectors Market Size Worth $867.9 Million By 2030: IndustryARC

Aug 16, 2024 7:00 PM ET

Infrared Detectors Market Size Worth $867.9 Million By 2030: IndustryARC

Infrared Detectors Market size is predicted to reach $867.9 million by 2030, growing at a CAGR of  7% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The infrared detectors market is experiencing robust growth driven by the increasing adoption of these devices in security and surveillance applications. As industries and governments prioritize safety and efficiency, the demand for advanced infrared detectors is surging. Innovations in technology, such as improved sensitivity and miniaturization, are expanding their use across various sectors, including automotive, consumer electronics, and healthcare. Additionally, the growing awareness of energy conservation is spurring the adoption of infrared detectors in smart home and building automation systems. The market is further bolstered by the rise in industrial automation and the need for reliable, non-invasive monitoring solutions, finds IndustryARC in its recent report, titled “Infrared Detectors Market – By Technology (Thermal Infrared Detectors, Quantum Infrared Detectors, Photon Infrared Detectors), By Type (Thermopile IR Detectors, Pyroelectric IR Detectors, PIR Motion Sensor, IR Photodiode Sensor, IR Image Sensor (1D IR Image Sensor, 2D IR Image Sensor), IR Photo Interrupter, Others), By Wavelength (Near-Infrared (NIR) Sensors (0.75 to 1.4 Micrometres), Mid-Infrared (MIR) Sensors (1.5 to 2.9 Micrometres), Far-Infrared (FIR) Sensors (3 to 1000 Micrometres)),   By Application (Security & Surveillance, Automotive, Consumer Electronics, Industrial Automation, Healthcare & Biomedical, Environmental Monitoring), By End Use Industry (Healthcare & Pharmaceuticals, Automotive, Consumer Electronics, Industrial Manufacturing, Aerospace & Defense, Oil & Gas, Environmental Monitoring, Building Automation), By Geography (North America, South America, Asia Pacific, Europe and RoW) – Global Opportunity Analysis & Industry Forecast, 2024-2030”

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Asia Pacific to Register Highest Growth:

The Asia Pacific is anticipated to experience the highest Growth of CAGR 7.1% in the Infrared Detectors Market between 2024 and 2030. The Asia Pacific region is poised to register the highest growth in the infrared detectors market, driven by a confluence of technological advancements, increasing demand for advanced security and surveillance systems, and a surge in industrial automation. The region’s rapid urbanization, coupled with significant investments in infrastructure, has created a burgeoning market for infrared detectors across various sectors, including consumer electronics, automotive, and industrial applications. Additionally, the growing focus on energy-efficient solutions and environmental monitoring has bolstered the adoption of infrared detectors. The diverse applications of these detectors, from night vision and thermography to gas detection, are further enhancing their market appeal. The presence of key market players and continuous innovation in the region are also key contributors to the anticipated growth.

Infrared Detectors Market 2024-2030: Scope of the Report

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

7%

Market Size in 2030

$867.9 Million

Segments Covered

Technology, Type, Wavelength, Application, End Use Industry and By Region

Geographies Covered

North America, South America, Asia Pacific, Europe and RoW

Key Market Players

  1. FLIR Systems, Inc.
  2. Omron Corporation
  3. Honeywell International Inc.
  4. Hamamatsu Photonics K.K.
  5. Teledyne FLIR, LLC
  6. Murata Manufacturing Co., Ltd.
  7. Excelitas Technologies Corp.
  8. Texas Instruments Incorporated
  9. Axis Communications AB
  10. Omnivision Technologies, Inc

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Infrared Detectors Market Report – Key Takeaways:

Photon Detector Segment to Register Highest Growth

By Technology, Photon Detector segment is analyzed to grow with the highest CAGR of 7.2% during the forecast period 2024-2030. The photon detector segment is anticipated to experience the highest growth in the infrared detectors market. This surge is driven by the increasing demand for advanced imaging technologies across various sectors, including security, healthcare, and automotive industries. The superior sensitivity and faster response times of photon detectors compared to thermal detectors make them ideal for applications requiring high precision. Additionally, advancements in material science and the development of cost-effective production techniques have enhanced the accessibility and performance of these detectors. As industries continue to prioritize high-resolution imaging and detection accuracy, the adoption of photon detectors is set to expand, further fueling market growth. The growing investment in research and development for innovative sensor technologies also supports the dominance of this segment.

Security & Surveillance Segment is Leading the Market

Security & Surveillance segment held a major market share in 2023. The Security & Surveillance segment is a leading force in the Infrared Detectors Market, driven by the growing need for advanced monitoring solutions across various sectors. This segment benefits from the increasing demand for robust security systems in residential, commercial, and industrial applications. Infrared detectors are critical in providing reliable, all-weather, and low-light surveillance capabilities, which are essential for effective security measures. The rise of smart cities and the integration of IoT technologies further bolster the demand for infrared detectors, enhancing real-time data collection and threat detection. Additionally, the use of these detectors in border security, critical infrastructure protection, and public safety initiatives underscores their significance in the market, positioning the Security & Surveillance segment as a key growth driver in the industry.

Technological Complexity as A Major Challenge

The infrared detectors market is facing significant challenges due to the increasing technological complexity associated with the development and integration of these devices. As the demand for advanced infrared applications grows, particularly in security, surveillance, and industrial automation, the need for more sophisticated and sensitive detectors has emerged. However, designing and manufacturing these high-performance infrared detectors require cutting-edge technology, specialized materials, and precise engineering. This complexity not only increases production costs but also requires skilled professionals to manage the intricate processes involved. Moreover, staying abreast of rapid technological advancements and maintaining compatibility with evolving standards and applications further complicates the landscape, posing a formidable barrier to entry for new players and a challenge for existing manufacturers striving to innovate.

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Key Opportunity Analysis:

Increasing Demand in Security and Surveillance

The Infrared Detectors Market is experiencing significant growth, largely driven by the increasing demand in security and surveillance applications. As security concerns rise globally, businesses and governments are investing more in advanced surveillance systems, which rely heavily on infrared technology for enhanced imaging capabilities, especially in low-light or obscured conditions. Infrared detectors are becoming integral in various security solutions, from night vision cameras to motion sensors, offering accurate detection and monitoring capabilities. This trend is further fueled by technological advancements, making these detectors more efficient and cost-effective. The market’s expansion is also supported by growing applications in residential, commercial, and military sectors, where robust security measures are increasingly prioritized. Thus, the demand for infrared detectors is poised to grow as security needs become more complex and widespread.

Expansion in Automotive Applications

The expansion of automotive applications presents a significant growth opportunity for the infrared detectors market. As modern vehicles increasingly integrate advanced driver-assistance systems (ADAS) and autonomous driving technologies, the demand for infrared detectors has surged. These detectors enhance safety and functionality by providing precise thermal imaging and night vision capabilities, critical for detecting obstacles and monitoring the vehicle’s surroundings in low-visibility conditions. Additionally, the trend towards electric vehicles (EVs) and connected car technologies further amplifies the need for sophisticated infrared sensing solutions to manage thermal regulation and ensure system reliability. This growing integration of infrared detectors in automotive systems is a key driver of market growth, offering promising avenues for innovation and development in this sector.

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The Report also Covers the Following Areas:

  • Infrared Detectors Market Size and Forecast
  • Infrared Detectors Market Trends
  • Infrared Detectors Market Analysis by Technology

Infrared Detectors Market 2024-2030: Key Highlights

  • CAGR of the market during the forecast period 2024-2030
  • Value Chain analysis of key stake holders
  • Detailed analysis of market drivers and opportunities during the forecast period
  • Infrared Detectors Market size estimation and forecast
  • Analysis and predictions on end users’ behavior and upcoming trends
  • Competitive landscape and Vendor market analysis including offerings, developments, and financials
  • Comprehensive analysis of challenges and constraints in the Infrared Detectors Market

Covid and Ukrainian Crisis Impact:

The Covid-19 pandemic has significantly impacted the Infrared Detectors market. With increased emphasis on public health and safety measures, demand surged for Infrared Detectors in various applications such as fever detection systems, contactless temperature monitoring devices, and crowd monitoring solutions. Industries like healthcare, retail, and transportation adopted Infrared Detectors for screening purposes, contributing to market growth. However, supply chain disruptions, manufacturing delays, and economic uncertainties hindered market expansion. Despite challenges, the pandemic accelerated innovation in Infrared Detectors technologies, driving investments in research and development for enhanced sensing capabilities. Overall, Covid-19 underscored the importance of Infrared Detectors in addressing evolving societal needs and bolstering resilience.

The Russia-Ukraine crisis had a notable impact on the Infrared Detectors market due to disruptions in the global supply chain. Ukraine is a major producer of certain raw materials and components used in the manufacturing of Infrared Detectors. The conflict has led to uncertainties regarding the availability and pricing of these materials, causing supply chain delays and price fluctuations. Additionally, geopolitical tensions have heightened market volatility and investor caution, potentially affecting investment decisions and market growth. Furthermore, increased military activities in the region have spurred demand for Infrared Detectors in defense and surveillance applications, albeit amidst geopolitical uncertainties.

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List of Key Market Players in Infrared Detectors Market:

The Infrared Detectors Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

  1. FLIR Systems, Inc.
  2. Omron Corporation
  3. Honeywell International Inc.
  4. Hamamatsu Photonics K.K.
  5. Teledyne FLIR, LLC
  6. Murata Manufacturing Co., Ltd.
  7. Excelitas Technologies Corp.
  8. Texas Instruments Incorporated
  9. Axis Communications AB
  10. Omnivision Technologies, Inc

Related Reports:

Infrared Sensors Market: This growth is driven as one major trend in the infrared sensors market is the increasing adoption by the automotive industry. Despite economic challenges, the rise of autonomous vehicles and government mandates for Advanced Driver Assistance Systems (ADAS) are driving this trend.

Flame Detector Market: The flame detector market is a specialized sector within the broader fire safety and security industry. Flame detectors are devices designed to detect and respond to the presence of a flame or fire, providing early warning and triggering appropriate safety measures.

Infrared Thermometer Market: sustained focus on health surveillance and infection prevention measures has spurred the utilization of infrared thermometers in medical environments. Moreover, the increasing favorability towards non-intrusive temperature measurement techniques contributes to the rising demand for these instruments within the healthcare industry.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

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