Sensing and detection methods such as infrared detectors have been rapidly accepted in almost every sector. In addition, their reduced cost, compact size, and enhanced sensitivity are estimated to fuel the infrared detector market growth in both non-industrial and industrial sector, globally. Asia-Pacific, representing a significant consumer electronics market potential, is expected to provide lucrative growth opportunities.
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Infrared Detector Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $466 million by 2022, registering a CAGR of 9.7% during the period 2016-2022.
View Detailed Summary Of This Report: www.alliedmarketresearch.com/infrared-detector-market
In the year 2014, North America dominated the market and contributed more than 33% share of the overall market revenue followed by Asia-Pacific. The presence of key market players in U.S.
and Asia-Pacific, rapid industrialization, primarily in manufacturing sectors, rise in demand for better security and monitoring systems, increased application of infrared detectors in residential & consumer electronics sector and increase in government initiatives in aerospace & defense sector have fueled the infrared detector market growth.
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