Mid-IR sensors play a vital role in applications involving security, surveillance, gas leak detection and industrial process control due to their ability to see through fog, smoke and low-light conditions. Mid-IR sensors detect the heat signature or thermal profile of an object rather than visible light. This makes Mid-IR sensors ideal for night vision, thermal imaging and intrusion detection systems. With growing concerns around security and public safety, the adoption of advanced surveillance technologies equipped with Mid-IR sensors is increasing rapidly.
The global Mid-IR Sensors Market is estimated to be valued at US$ 36.44 Bn in 2024 and is expected to exhibit a CAGR of 15.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased demand for security and safety applications is one of the major factors driving the growth of the Mid-IR Sensors Market. Implementation of Mid-IR sensors in surveillance cameras, thermal imaging devices, night vision goggles and perimeter monitoring systems has grown significantly in recent years. Governments across countries are investing heavily in advanced surveillance technologies to strengthen public security infrastructure. Furthermore, various industries are also adopting Mid-IR sensors for process temperature monitoring, gas leak detection, quality control and predictive maintenance which is fueling the market growth. Rising concerns around security and increasing investments in industrial automation are expected to contribute significantly to the expansion of the Mid-IR Sensors Market during the forecast period.
Segment Analysis
The global Mid-IR Sensors market is dominated by quantum cascade laser (QCL) based mid-IR sensors sub-segment. QCL based mid-IR sensors accounts for over 60% of the market share owing to its wide application in gas sensing, environmental monitoring and breath analysis. Military and defense sector is another dominating sub-segment attributed to increasing use of mid-IR sensors for surveillance, detection of biological and chemical threats.
Key Takeaways
The Global Mid-IR Sensors Market Demand is expected to witness high growth during the forecast period of 2024 to 2031.
Regional analysis shows that North America region is currently dominating the market with over 40% share due to extensive research and development activities. The Asia Pacific region is expected to witness fastest growth over 15% CAGR during the forecast period on account rapid industrialization, rising manufacturing sector and increasing government investment in defense infrastructure.
Key players operating in the Mid-IR Sensors market are Nestlé S.A,Nissin Food Holdings Co., Ltd.,Nissin Food Holdings Co., Ltd.Indofood CBP Sukses Makmur Tbk PT,Tingyi (Cayman Islands) Holding Corporation,Uni-President Enterprises Corporation,Acecook Vietnam Joint Stock Company .These companies accounts for over 60% of the market share owing to their technological expertise and strong distribution network globally. Nestlé S.A is currently dominating the market and is investing heavily in new product development to gain further market share.
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