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According to a new report Asia-Pacific Infrared Detector Market, published by KBV Research, the Asia-Pacific Infrared Detector is expected to grow at a CAGR of 11.0% during the forecast period. Factors such as increasing security concerns in residential and industrial sectors and numerous government initiatives would drive the growth of infrared detectors market in the Asia Pacific region. Additionally, improvement in aerospace & defense technologies would also have a sustained positive impact on the Asian countries, particularly in China, Japan, and India.
The China market dominated the Asia-Pacific Pyroelectric Infrared Detector Market by Country in 2015, and would continue to be a dominant market till 2022; thereby, achieving a market value of $9.3 million by 2022. The Japan market is expected to witness a CAGR of 9.7% during (2016 - 2022). Additionally, The India market is expected to witness a CAGR of 11% during (2016 - 2022). The People & Motion Sensing market dominated the Asia-Pacific Infrared Detector Market by Application in 2015, and would continue to be a dominant market till 2022; thereby, , growing at a CAGR of 7.4 % during the forecast period.
The Spectroscopy & Biomedical Imaging market is expected to witness a CAGR of 12.1% 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 Asia-PacificInfrared 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.