North America Infrared Detector Market to reach a market size of $173.8 million by 2022 - KBV Research

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According to a new report North America Infrared Detector Market, published by KBV Research, the North America Infrared Detector is expected to attain a market size of $173.8million by 2022, growing at a CAGR of 7.7% during the forecast period. The initial cost of investment required to manufacture highly sensitive infrared detectors is substantially high. Therefore, the entire process of integrating the infrared detectors with expensive semiconductor components costs far higher than the actual price of the infrared sensors. The Pyroelectric market dominated the North America Infrared Detector Market by Type in 2015, and would continue to be a dominant market till 2022. North America has significantly contributed to the growth of such infrared detector segment.

Microbolometers infrared detector segment on the other hand is expected to register a CAGR of 9.6%, growing at a significant pace during the forecast period, due to low cost and limited maintenance of respective infrared detectors. The US market dominated the North America Short Range Infrared Detector Market by Country in 2015, and would continue to be a dominant market till 2022; thereby, achieving a market value of $18.8 million by 2022. The Canada market is expected to witness a CAGR of 6.9% during (2016 - 2022). The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in the region.

The key influencing factors of the North AmericaInfrared Detector have been discussed in the report along with the elaborated company profiles of Honeywell International, Inc., BAE Systems, Flir Systems, Inc., Texas Instruments Incorporated, Raytheon Company, Excelitas Technologies Corp., Nippon Ceramic Co., Ltd. and Hamamatsu Photonics K.K.

Full report: https://www.kbvresearch.com/north-america-infrared-detectors-market/