Europe Microbolometer Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 8.4% from 2024 to 2030.
The Europe Microbolometer Market has witnessed significant growth in recent years, driven by increasing demand across various industries such as defense, automotive, healthcare, and industrial applications. Microbolometers are thermal sensors that detect infrared radiation and are widely used in thermal imaging devices. These devices are integral in providing valuable insights across multiple sectors by offering real-time thermal data, which is used for security, surveillance, diagnostics, and more. As a result, the market for microbolometers is growing rapidly in Europe, with several industries requiring enhanced imaging capabilities for a range of applications.
One of the key drivers of demand for microbolometers in Europe is the defense and security sector. The growing need for advanced surveillance and monitoring systems, particularly in military applications, has increased the reliance on infrared imaging technologies. These sensors are capable of capturing thermal radiation, even in low visibility conditions, such as at night or during adverse weather conditions. As a result, microbolometers are commonly used in surveillance systems, drones, and handheld thermal cameras for security forces.
Additionally, the automotive sector is becoming a significant consumer of microbolometers. With the rise of autonomous and advanced driver-assistance systems (ADAS), the demand for thermal imaging for pedestrian detection and hazard identification has surged. Microbolometers play a critical role in ensuring vehicle safety by detecting objects or individuals in low-light conditions, thus preventing accidents and enhancing driver safety.
In healthcare, microbolometers are used in medical diagnostic equipment for thermal imaging, enabling early detection of diseases such as breast cancer, inflammation, or vascular problems. These devices allow medical professionals to identify abnormalities by analyzing temperature variations on the skin, helping in accurate diagnosis and treatment planning.
The industrial sector also requires microbolometers for monitoring and detecting heat signatures in machines and electrical systems. Preventative maintenance, efficiency improvement, and safety are the primary applications where thermal imaging systems, driven by microbolometers, are utilized to avoid potential failures or identify overheating in industrial equipment.
Overall, the requirement for microbolometers in Europe is expected to continue growing, driven by their crucial role in improving security, health diagnostics, vehicle safety, and industrial maintenance. As these sectors evolve and adopt more advanced technologies, the demand for thermal imaging sensors will undoubtedly rise, further fueling the expansion of the Europe microbolometer market.
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Excelitas Technologies
Nippon Ceramic
Hamamatsu Photonic
Murata Manufacturing
Flir Systems
Texas Instruments
Sofradir
Infra TEC GmbH
DRS
Zhejiang Dali
IRay Technology
North GuangWei
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Microbolometer Market
Uncooled Microbolometer
Cooled Microbolometer
Thermal Imaging
Temperature Measurement
Surveillance and Security
Automotive
Medical Diagnostics
Amorphous Silicon
Vanadium Oxide
Defense and Military
Aerospace
Industrial
Healthcare
Automotive
Short-Wave Infrared (SWIR)
Mid-Wave Infrared (MWIR)
Long-Wave Infrared (LWIR)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Microbolometer Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Microbolometer Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Microbolometer Market, By Type
6. Europe Microbolometer Market, By Application
7. Europe Microbolometer Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Microbolometer Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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