SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Infrared Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
Edition: 9; Released: January 2022
Executive Pool: 602
Companies: 46 - Players covered include DRS Technologies, Inc.; Excelitas Technologies Corporation; FLIR Systems, Inc.; General Dynamics Mission Systems, Inc.; Hamamatsu Photonics KK; L-3 Communications Holdings, Inc.; MicroStrategy, Inc.; Murata Manufacturing Co., Ltd.; Nippon Avionics Co., Ltd.; Omron Corporation; Raytheon Company; Sofradir Group; Testo SE & Co. KGaA; Texas Instruments, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Commercial, Automotive, Healthcare, Other End-Uses); Segment (Uncooled Infrared Sensors, Cooled Infrared Sensors)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Infrared Sensors Market to Reach $848.4 Million by 2026
Amid the COVID-19 crisis, the global market for Infrared Sensors estimated at US$482.5 Million, is projected to reach a revised size of US$848.4 Million by 2026, growing at a CAGR of 9.6% over the analysis period. Uncooled Infrared Sensors, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$713.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cooled Infrared Sensors segment is readjusted to a revised 15.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $143.8 Million in 2021, While China is Forecast to Reach $171.7 Million by 2026
The Infrared Sensors market in the U.S. is estimated at US$143.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$171.7 Million by the year 2026 trailing a CAGR of 12.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 8.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR. More
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