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Infrared Detector Market is expected to reach 405.2 Million USD by 2020

Tuesday, March 28, 2017 4:14
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According to the new market research report Infrared Detector Market by Type (MCT, INGAAS, Pyroelectric, Thermopile Microbolometer and Others), Technology (Cooled Infrared, and Uncooled Infrared), Wavelength (Short, Medium, and Long Infrared), Application, and Geography – Global Forecast to 2020″, the market is estimated to reach USD 405.2 Million by 2020, at a CAGR of 9.83% between 2015 and 2020. The increasing awareness of IR detector in manufacturing and industrial applications, uncooled infrared technology, and wide acceptance of IR detector in different applications are the major drivers for the infrared detector market.

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Uncooled infrared detector technology is expected to grow at the highest CAGR between 2015 and 2020

The market for uncooled infrared detector technology sensors is expected to grow at the highest CAGR during the forecast period. Features such as high reliability, smaller size, and lower costs would drive the uncooled IR detectors market.

People and motion sensing application is expected to lead the infrared detector market

Infrared detector is primarily used in the people and motion sensing application, and currently, it holds the leading position in the overall market. the increasing use of IR detectors in places such as airports, museums, retail shops, and libraries for counting the people and for motion detection have resulted in the dominating position of the people and motion sensing application in the infrared detector market.

Asia-Pacific expected to hold the largest market share and witness rapid growth during the forecast period

Asia-Pacific accounted for the largest share of the infrared detector market in 2014; the market in this region is expected to grow at the highest CAGR during the forecast period, mainly owing to an increased demand for infrared detectors from temperature measurement, military and defense, and industrial applications.

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The major players in this market include Excelitas Technologies Corp., (U.S.), Nippon Ceramic Co., Ltd (Japan), Hamamatsu Photonic K.K. (Japan), Murata Manufacturing Co., Ltd (Japan), FLIR Systems Inc. (U.S.), Honeywell International Inc. (U.S.), Texas Instruments Inc. (U.S.), Infra Tec GmbH (Germany), Raytheon Company (U.S.), Omron Incorporation (Japan), and Sofradir (France) among others.

This research report categorizes the global infrared detector market on the basis of type, technology, wavelength, application, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the market. The Porter’s five forces analysis has been included in the report with a description of each of the forces and their respective impact on the infrared detector market.

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