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Based on type, the market is divided into cooled infrared detectors and uncooled infrared detectors. The uncooled infrared detectors segment is expected to register a CAGR of over 10.2% during the forecast period.
Based on technology, the market is divided thermopile, pyroelectric, microbolometer, photodetectors, and others. The pyroelectric segment dominated the global market with a share of over 28% in 2023.
Asia Pacific dominated the global infrared detector market in 2023, accounting for a share of over 37%. The market in the Asia Pacific region is experiencing robust growth, driven by several factors. One significant driver is the increasing adoption of infrared detectors in various applications across industries such as automotive, consumer electronics, healthcare, and industrial manufacturing. The rapid industrialization and urbanization in countries including China, India, and Japan have led to a growing demand for infrared detectors for security, surveillance, and automation purposes.
Additionally, the rising investments in defense & aerospace sectors are fueling the demand for infrared detectors in military applications. Moreover, the advancements in technology, coupled with the expanding manufacturing base in the region, are driving innovations and cost reduction in infrared detector production, further stimulating market growth. With the Asia Pacific region emerging as a hub for electronics manufacturing and innovations, the infrared detector industry is expected to continue growing significantly in the coming years.