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According to a new report Europe Infrared Detector Market, published by KBV Research, the Europe Infrared Detector is expected to grow at a CAGR of 8.2% during the forecast period. Increasing security concerns globally would drive the market growth during the forecast period. Typically, infrared detectors were used in aerospace& defense applications; however, with developments in technology and rise in awareness about the benefits of infrared detectors, numerous industrial sectors such as healthcare, automotive, consumer electronics, residential security, and manufacturing industries have shown interest in the infrared detectors to efficiently monitor processes.
The Long Range market dominated the Germany Infrared Detector Market by Wavelength in 2015, and would continue to be a dominant market till 2022; thereby, achieving a market value of $15.6 million by 2022. The Medium Range market is expected to witness CAGR of 8.1% during (2016 - 2022). The Germany market dominated the Europe Cooled Infrared Detector Market by Country in 2015, and would continue to be a dominant market till 2022; thereby, , growing at a CAGR of 11.1% during the forecast period. The UK market is expected to witness a CAGR of 10.4% 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 EuropeInfrared 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.