Infrared Detector Market To Generate $912.9 Million Revenue by 2030

The global infrared detector market is expected to reach USD 912.9 million by 2030, progressing at a CAGR of 7.2% during 2024–2030. This can be ascribed to the increasing need for infrared detectors in several applications, the rapid pace of infrastructure and industrialization development, and the surging government investment and economic incentives for end-use sectors. Moreover, the rising demand for advanced technologies like infrared detectors to support critical industries such as manufacturing, aerospace, energy, construction, automotive, and transportation is driving the market, as these detectors play a vital role in improving quality control, process efficiency, and safety in these sectors.

Furthermore, the economic growth experienced in both developing and developed nations has led to higher disposable income and increased purchasing power of people. This has resulted in a greater demand for electronics, healthcare products, automobiles, and other goods that include infrared detectors. These detectors are used for various applications such as night vision, thermal imaging, surveillance, measurement, sensing, and detection. The accessibility and affordability of infrared detectors have also contributed to their rising popularity across the world.

Moreover, there is an increased recognition among nations of the importance of resource management and environmental monitoring. Infrared detectors are essential tools for identifying sources of pollution, assessing air quality, and monitoring the environmental effect of industrial activities. Therefore, these factors collectively drive the acceptance of such detectors across several industries.

Cooled Infrared Detectors Are Dominating the Market

Due to their remarkable sensitivity, superior performance, and enhanced detection capabilities, the market for cooled infrared detectors is accounting for a higher revenue share. They function at lower temperatures, making them suitable for various applications such as military and defense, thermal imaging, scientific research, medical imaging, safety and surveillance, environmental monitoring, and industrial inspection. The main advantage of cooled detectors is their ability to effectively reduce thermal noise by cooling them to low temperatures. This reduction in noise enhances sensitivity, spatial resolution, and the signal-to-noise ratio.

In addition, the safety and surveillance category acquired 25% market share in 2023. This is ascribed to the growing emphasis on security measures and the need for effective monitoring in various sectors, including public spaces and residential and commercial areas. Also, these detectors provide security from unknown threats and help keep houses, offices, manufacturing plants, and other facilities safe from incidents by detecting fire, intrusion, gas & chemical leaks, equipment failure, and others, which are essential to operate different establishments with safety.

Additionally, the implementation of advanced technologies and solutions in sectors such as military & defense, automotive, and scientific research mainly in geography & space and critical infrastructure further boosts the demand for infrared detectors in safety and surveillance applications.

APAC Market Is Witnessing the Highest CAGR

Globally, the APAC infrared detector market is expected to experience the highest CAGR, of 7.2%, over the forecast period. This growth can be attributed to the strong governmental support in this field, the rapid industrialization and urbanization, and the growing end-use sectors like military & defense, safety & surveillance, healthcare, automotive, electronics, and aerospace, in the region.

Some of the key infrared detector manufacturing players are Emerson Electric Co., Excelitas Technologies Corp., Hamamatsu Photonics K.K., Honeywell International Inc., Lynred, Murata Manufacturing Co. Ltd., Omron Corporation, TE Connectivity Corporation, Teledyne FLIR LLC, and Texas Instruments Incorporated.