Global Mid-Wave Infrared (MWIR) Sensors Market Size, Share will grow at a 11.1% of CAGR By 2030
Research Reports
Aug 28, 2023
Mid-Wave Infrared (MWIR) Sensors Market Insights
The mid-wave infrared sensors market is likely to witness significant revenue growth across the globe. The increasing use of middle-wave cameras to detect gas leaks would drive market growth. According to Market Research Future (MRFR), the global mid-wave infrared sensors market value is to escalate from USD 236.8 MN in 2022 to USD 548.8 MN by 2030, growing at an 11.1% CAGR throughout the assessment period (2022-2030).
The growing adoption of mid-wave infrared sensors in defense and commercial applications substantiates the MWIR sensors market growth. Among countless real-life applications of infrared detectors, gas detection is highly demanded. Gas detection requires high accuracy without hardware redundancies for specific process monitoring measures and safety devices.
Besides, changing requirements of technical & functional specifications for temperature measurement and security & surveillance drive the market demand. Stringent government regulations to minimize rising pollution levels are estimated to boost the size of the market in the upcoming period. Also, rising government funding support and incentives would support the market rise throughout the review period.
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Major Players:
Leading mid-wave infrared sensors market players are
- Teledyne FLIR LLC,
- SemiConductor Devices,
- Lynred, Leonardo S.p.A.,
- Silent Sentinel,
- GSTIR,
- Ascendent Technology Group,
- Opto Engineering,
- Excelitas Technologies Corp.,
- New Infrared Technologies (NIT),
- Sierra-Olympia Tech.,
- L3Harris Technologies, Inc.,
- InfraTec GmbH,
- Tech Imaging Services, and
- Xenics NV, among others.
Mid-Wave Infrared Sensors Market – Segments
The mid-wave infrared sensors market is segmented into types, applications, and regions. The type segment is sub-segmented into cooled mid-wave infrared (MWIR) sensors and high operating temperature (HOT) mid-wave infrared (MWIR) sensors. The application segment is sub-segmented into aerospace & defense and commercial. By region, the MWIR sensors market is segmented into the Americas, Europe, Asia-Pacific, and the Rest-of-the-World.
Global Mid-Wave Infrared Sensors Market – Regional Analysis
North America dominates the global mid-wave infrared sensors market. Rising deployments of mid-wave infrared sensors for military and commercial applications drive market growth. Besides, the presence of several mid-wave infrared sensor manufacturers in this region substantiates the mid-wave infrared sensors market value. Growing government initiatives to promote the use of mid-wave infrared sensors in military equipment boost the region’s market size. The rise in industrial sectors and funding support for R&D & technology development accelerate the region’s mid-wave infrared sensors market share.
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Mid-Wave Infrared Sensors Market – Competitive Analysis
The highly competitive mid-wave infrared sensors market appears fragmented with the presence of several players. These players strive to gain a larger competitive advantage through acquisitions, strategic partnerships, expansions, product/technology launches, and collaborations. Substantial investments are transpired in R&D to develop a completely different technology than their competition. The competition in the market will likely intensify further.
Industry/Innovation/Related News:
May 02, 2023 — Leonardo DRS announced it is building sniper weapons, particularly for long-range target detection and identification. Mercury cadmium telluride infrared thermal weapon sight, INOD employs a mercury cadmium telluride passive micro-cooled MWIR sensor and is ruggedized for use with all special forces and U.S. Army. It provides quality 640-by-480-pixel resolution usable with day scope magnifications to match or exceed current sniper weapons systems’ capabilities.
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