Radiometric Detectors Market Analysis

Application (Proximity Detection, RGB Color Sensing, Gesture Recognition, Light Sensing, UV/IR Detection)

The market is segmented by application into proximity detection, RGB color sensing, gesture recognition, light sensing, and UV/IR detection. Out of these, the UV/IR detection segment is anticipated to hold the largest share in the global radiometric detectors market on account of the high utilization of the device for measuring electromagnetic radiations from visible light. Apart from this, radiometric detectors are also used for spectral broadband irradiance measurements within a defined spectral range, which is also predicted to drive the growth of the market segment in the future.

End-user (Diagnostic Laboratories, Research Institutes, Pharmaceutical Institutes)

The market is segmented and analyzed for demand and supply by end users into Diagnostic Laboratories, research institutes, biotechnology, and pharmaceutical institutes. Out of which, the research institute segment is expected to have the largest market share in the forecast period. Owing to the increase in investment and funds by the government of various regions and market players in the research and development activities to enhance the healthcare infrastructure around the globe is the factor driving the growth of this segment. For instance, the Central and State Government of India’s budgeted expenditure on the health sector reached almost 2 percent of GDP in FY23 against 1.6 percent in FY21

Our in-depth analysis of the global market includes the following segments: