Current and Future Scope of Infrared Detector Market | Projected to Grow at a CAGR of 9.7% to Reach US$ 466 million | Industry Analysis Report by 2022

The global infrared detector market is anticipated to register a CAGR of 9.7% from 2016-2022 to attain a market size of around $466 million by 2022.

An infrared detector is a device that responds to infrared radiation (IR), which are electromagnetic waves with higher wavelength than visible light. Interestingly, all the entities with temperature greater than absolute zero have thermal energy and are a source of infrared radiation. The two main types of IR detectors are thermal detectors and photo detectors. Infrared detectors can be used for a variety of applications in the military, scientific, security, medical, industrial, and automotive areas.

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Companies Covered in this Report are:

Texas Instruments Inc.
Honeywell International Inc.
Omron Corporation
Excelitas Technologies Corp.
Hamamatsu Photonic K.K.
FLIR Systems Inc.
Murata Manufacturing Co., Ltd.
Raytheon Company
Sofradir
Nippon Avionics

IR detectors are compact in size, compatible with variety of applications, and detect infrared light over a large area. These factors make infrared detectors ideal for security purposes as they operate real time and detect movement. However, high cost and inaccuracy in certain conditions could hamper the market growth. Technological advancements in the infrared detector technology and reduction in prices in the future could provide potential growth opportunities.

The market is segmented by type, spectral range, application, and geography. Based on type, the market is bifurcated into thermal detector and photo detector. Thermal detectors are subcategorized into thermopile, microbolometer, and pyroelectric; while photo detectors are subcategorized into indium gallium arsenide, mercury cadmium telluride, and polycrystalline lead sulfide (PBS) & polycrystalline lead selenide (PBSE) type. On the basis of spectral range, it is classified into short-wave IR, medium-wave IR, and long-wave IR. Applications of IR detectors include aerospace & defense, industrial, medical, automotive, security, and consumer electronics. Geographically, the market analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major companies operating in this market include Texas Instruments Inc., Honeywell International Inc., Omron Corporation, Excelitas Technologies Corp., Hamamatsu Photonic K.K., FLIR Systems Inc., Murata Manufacturing Co., Ltd., Raytheon Company, Sofradir, and Nippon Avionics.

POTENTIAL BENEFITS FOR STAKEHOLDERS
Comprehensive analysis of the current trends and future estimations of the world infrared detector market is discussed.
The report provides a competitive scenario of the market with growth trends, structure, drivers, scope, opportunities, and challenges.
The report includes a comprehensive analysis of key segments to provide insights on the market dynamics.
Porter’s Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
Value chain analysis provides key inputs on the role of stakeholders involved at various stages.

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MARKET SEGMENTATION
The world infrared detector market is segmented based on type, spectral range, application, and geography.

BY TYPE
Thermal detector
Thermopile
Microbolometer
Pyroelectric
Photo detector
Indium Gallium Arsenide
Mercury Cadmium Telluride
Polycrystalline lead sulfide (PbS) & polycrystalline lead selenide (PbSe)

BY SPECTRAL RANGE
Short-Wave Infrared
Medium-Wave Infrared
Long-Wave Infrared

BY APPLICATION
Aerospace & Defense
Industrial
Medical
Automotive
Security
Consumer Electronics

BY GEOGRAPHY
North America
U.S.
Mexico
Canada
Europe
UK
Germany
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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Posted by on Thursday July 18 2019, 11:33 AM EDT. All trademarks acknowledged. Filed under Business Services, Featured Press Release, Security & Intelligence Systems, Semiconductors, Sensor Systems, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications, Telecommunication. Comments and Trackbacks closed. Follow responses: RSS 2.0

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