Mid-IR Sensors Market, By Type (Thermal Mid IR Sensors and Photon Mid IR Sensors), By Applications ( Thermal Imager, Gas Sensing, Spectral Sensing, Chemical Sensing, Bio-Sensing, Smart Sensors, and Others), and by Region (North America, Europe, Asia Pacif

Mid-IR Sensors Market, By Type (Thermal Mid IR Sensors and Photon Mid IR Sensors), By Applications ( Thermal Imager, Gas Sensing, Spectral Sensing, Chemical Sensing, Bio-Sensing, Smart Sensors, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

The mid-IR sensor is an electronic device that emits radiation in order to sense the surrounding object. Mid-IR sensor is capable of sensing only (3 µm to 8 µm) of light spectrum. The increasing demand for mid-IR sensors for gas detection, chemical detection, and others are expected to drive the market growth. Furthermore, key players in the market are rapidly adopting new technologies such as IoT and big data, which will further increase demand for mid-IR sensors over the forecast period.
Market Dynamics
Increasing demand for mid-IR sensors in the oil and gas industry to detect gas concentration is expected to drive the global mid-IR sensors market growth over the forecast period. Mid-IR sensors are rapidly adopted by oil and gas industries, as they are accurate, gives quick response, and offer contactless measurement and monitoring.
Furthermore, the adoption of mid-infrared lasers has increased in the recent past due to its applications in aviation and space exploration, and medical diagnosis, as it provides high optical transmission with a low signal-noise ratio. Furthermore, the impact of these factors will be high on the emerging economies such as India and China, owing to increasing development of healthcare, IT, and space exploration.
However, high initial cost and bulky nature of mid-IR sensors are expected to hamper the global market growth during the forecast period.
Key features of the study:
This report provides an in-depth analysis of the global mid-IR sensors market, and provides market size (US$ billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by leading players
It profiles leading players in the global mid-IR sensors market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global mid-IR sensors market include Daylight Solutions, Inc., Structured Materials Industries, Inc., Maxion Technologies, SenseAir, Sofradir, Cascade Technologies, Inc., AdTech Optics, Inc., Block Engineering, LLC, HAMAMATSU PHOTONICS K.K., M-Squared Lasers Limited, Opto-Knowledge Systems, Inc., CMLaser Technologies Inc., Genia Photonics, IPG Photonics Corporation, Coherent, Inc., EKSPLA, Northrop Grumman Corporation, Quantum Composers, Inc., Coractive High-Tech Inc., and others
The market players are focusing on strategic collaborations to launch new products to meet the increasing needs and requirements of consumers
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global mid-IR sensors market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mid-IR sensors market
Detailed Segmentation:
Global Mid-IR Sensors Market, By Type:
Thermal Mid IR Sensors
Photon Mid IR Sensors
Global Mid-IR Sensors Market, By Applications:
Thermal Imager
Gas Sensing
Spectral Sensing
Chemical Sensing
Bio-Sensing
Smart Sensors
Others
Global Mid-IR Sensors Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
Daylight Solutions, Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Structured Materials Industries, Inc.
Maxion Technologies
SenseAir
Sofradir
Cascade Technologies, Inc.
AdTech Optics, Inc.
Block Engineering, LLC
HAMAMATSU PHOTONICS K.K.
M-Squared Lasers Limited
Opto-Knowledge Systems, Inc.
CMLaser Technologies Inc.
Genia Photonics
IPG Photonics Corporation
Coherent, Inc.
EKSPLA
Northrop Grumman Corporation
Quantum Composers, Inc.
Coractive High-Tech Inc.
*Browse all the market data tables and figures on “Global Mid-IR Sensors Market- Forecast to 2027”