Infrared Detectors: Advancements and Future Trends
Infrared Detector market is predicted to grow from USD 535 million in 2023 to USD 751 million by 2028, at a CAGR of 7.0%. The infrared detector market is experiencing significant growth, driven by increasing demand for advanced sensing technologies across various industries. Valued at USD 465 million in 2023, the market is projected to reach USD 710 million by 2028, growing at a CAGR of 8.8%. Infrared detectors, which detect and measure infrared radiation, are essential in numerous applications, from security and surveillance to healthcare and industrial automation. Key Drivers Rising Security and Surveillance Needs : Infrared detectors are integral to security systems, providing night vision and thermal imaging capabilities. The growing need for enhanced security measures in both public and private sectors is a major driver of market growth. Advancements in Consumer Electronics : The integration of infrared technology in consumer electronics, such as smartphones and wearables, for fe...