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Infrared Detector - Global Market Trajectory & Analytics

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  • 235 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4805785
Global Infrared Detector Market to Reach $639 Million by 2027

Amid the COVID-19 crisis, the global market for Infrared Detector estimated at US$363.4 Million in the year 2020, is projected to reach a revised size of US$639 Million by 2027, growing at a CAGR of 8.4% over the period 2020-2027. Cooled Infrared, one of the segments analyzed in the report, is projected to record 8.6% CAGR and reach US$531 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Uncooled Infrared segment is readjusted to a revised 7.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $107.6 Million, While China is Forecast to Grow at 7.9% CAGR

The Infrared Detector market in the U.S. is estimated at US$107.6 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$111.1 Million by the year 2027 trailing a CAGR of 7.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 6.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.

Select Competitors (Total 43 Featured):
  • Excelitas Technologies Corporation
  • FLIR Systems, Inc.
  • Hamamatsu Photonics KK
  • Honeywell International, Inc.
  • Murata Manufacturing Co., Ltd.
  • Nippon Carbon Co., Ltd.
  • Omron Corporation
  • Raytheon Company
  • Sofradir Group
  • Texas Instruments, Inc.
Frequently Asked Questions about the Global Market for Infrared Detector

What is the estimated value of the Global Market for Infrared Detector?

The Global Market for Infrared Detector was estimated to be valued at $363.4 Million in 2020.

What is the growth rate of the Global Market for Infrared Detector?

The growth rate of the Global Market for Infrared Detector is 8.4%, with an estimated value of $639 Million by 2027.

What is the forecasted size of the Global Market for Infrared Detector?

The Global Market for Infrared Detector is estimated to be worth $639 Million by 2027.

Table of Contents

  • Influencer Market Insights
  • World Market Trajectories
  • Infrared Detectors - Uses, Advantages and Disadvantages
  • Global Infrared Detectors Market to Witness Steady Growth
  • Cooled Infrared Detectors Market Driven by New Advancements
  • Asia-Pacific to Grow at the Fastest Rate
  • Impact of Covid-19 and a Looming Global Recession
  • Growing Demand for Consumer Electronics to Propel the Infrared Detectors Market Growth
  • Rising Demand for IR Detectors in Smart Homes Bodes Well for Market Growth
  • Increasing Military and Defence Budget Spurs Significant Market Opportunities for Infrared Detectors
  • Technological Innovations
  • MIRS Project Enables the Manufacture of Low-cost IR Sensing Systems

  • Active Players in United States
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Rest of Europe
  • Active Players in Asia-Pacific
  • Active Players in Rest of World

  • Total Companies Profiled: 43