Infrared Detector Market Size, Share, Industry Trends and Forecast to 2030

Infrared Detector Market Size & CAGR in 2021

The global infrared detector market is expected to reach a market size of USD 690 million in 2021 with a CAGR of 5.3%. The market growth is driven by the increasing demand for infrared detectors in various industries such as aerospace, defense, automotive, and healthcare due to their ability to detect thermal radiation and provide valuable insights for different applications.

COVID-19 Impact on the Infrared Detector Market

The COVID-19 pandemic has significantly impacted the global infrared detector market. Due to the lockdowns and restrictions imposed by various governments, the demand for infrared detectors in industries such as manufacturing and construction decreased significantly. However, the healthcare sector witnessed a surge in the adoption of infrared detectors for temperature screening and monitoring purposes to prevent the spread of the virus.

Infrared Detector Dynamics

The infrared detector market is driven by technological advancements, increasing investments in R&D, and the growing demand for infrared detectors in various industries. The adoption of infrared detectors for security and surveillance applications, as well as in automotive safety systems, is expected to drive market growth in the coming years. Additionally, the rise in the use of infrared detectors for medical imaging and diagnostics is fueling market expansion.

Segments and Related Analysis

The global infrared detector market is segmented based on technology, wavelength, type, and application. The technologies include cooled and uncooled infrared detectors, while the wavelengths range from short-wave infrared to long-wave infrared. The types of infrared detectors include photodetectors, thermal detectors, and photoconductors. Applications of infrared detectors span across industrial, military and defense, automotive, and healthcare sectors.

By Region Analysis

The infrared detector market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds a significant market share due to the presence of key players and the high adoption rate of advanced technologies. The Asia Pacific region is anticipated to witness substantial growth owing to increasing investments in infrastructural development and industrial automation.

Key Market Players and Competitive Landscape

Key players in the global infrared detector market include FLIR Systems, Raytheon Company, Texas Instruments, Excelitas Technologies, and Hamamatsu Photonics. These companies focus on product innovations, strategic partnerships, and mergers and acquisitions to strengthen their market position. The competitive landscape is characterized by intense competition, technological advancements, and a focus on expanding product portfolios.

Recent Happenings in the Infrared Detector Market

- In June 2021, FLIR Systems introduced the Black Hornet 3, a nano drone equipped with an infrared camera for military and security applications. - Raytheon Company launched the SPY-6 radar system with advanced infrared detection capabilities in October 2021. - Excelitas Technologies announced the acquisition of Pacer Technologies, a leading provider of infrared detectors, in November 2021. - Hamamatsu Photonics unveiled the C13824MA Compact InAsSb Infrared Detector in December 2021, targeting medical imaging applications.