Infrared Filters Market Growth Rate, Share, Size, Forecast 2022-2030 in Market Research Community
- June 5, 2023, 6:47 a.m.
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Infrared Filters Market Insights
In 2021, the Infrared Filters Market was valued at USD 927.50 million and is estimated to witness a significant Compound Annual Growth Rate (CAGR) of 16% during the forecast period from 2022 to 2030. By the end of 2030, the market is projected to reach a value of USD 3,194.88 million.
Infrared filters play a vital role in various applications, encompassing security and surveillance, aerospace and defense, automotive, and healthcare sectors.
Application
Infrared filters have a fundamental purpose of selectively blocking unwanted light while allowing only infrared wavelengths to pass through. They are essential components in applications such as thermal imaging cameras, night vision devices, and spectrometers.
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Region
The market for infrared filters is segmented by region into North America, Europe, Asia-Pacific, and the Rest of the World. North America is currently the largest market for infrared filters, primarily due to the well-established aerospace and defense industries in the region, along with the growing demand for infrared cameras for security and surveillance purposes.
Segment
The market for infrared filters is categorized into different segments based on material, type, application, and region. In terms of material, the segments include glass, sapphire, and other materials. The type segment covers longpass, shortpass, bandpass, and other types of filters. The application segment encompasses industries such as security and surveillance, aerospace and defense, automotive, healthcare, and others. Geographically, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World regions.
Market Segmentation
By Order Type:
IR Long Pass Filter, IR Bandpass Filter
By Product:
Glass Type, Film Type
By Application:
Mobile Phone, Notebook, Cameras, Tablet, Others
By End-User:
Fingerprint Recognition Machine, Remote Control, Surveillance, Others
By Geography:
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, South Africa, and the Rest of MEA)
Market value
The market for infrared filters is experiencing growth due to several factors. These include the growing demand for infrared filters in security and surveillance applications, the increasing adoption of thermal imaging cameras in the automotive industry, and the expanding utilization of infrared spectroscopy in the healthcare sector.
In conclusion, the infrared filters market growth is a rapidly growing sector, with a projected value of $513.8 million by 2026. Infrared filters are essential components in a wide range of applications, including security and surveillance, aerospace and defense, automotive, and healthcare. The market is segmented by application, region, segment, and market value, and is expected to continue its growth trajectory in the coming years.
The study provides answers to the following key questions:
- What type of customers buying the products and services from companies operating in the Infrared Filters Market?
- What will be the roadmap for the product manufacturers operating in the Infrared Filters Market for the forecast period, 2022-2030?
- What are the recent developments in the competitive landscape to look out for during the estimated period?
- What are the major trends influencing customers’ lives and their buying behaviour?
- How can brands best communicate with the customers they intend to target?
- When, where and how the customers want to use or consume the products or services?
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