As per the GMI Research’s latest analysis, Global Infrared Detector Market reveals that the market is slated to register a higher CAGR during the forecast period. This is mainly attributed to the accelerating industrial sector, economic incentives for the defense industry, and government investment.
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Infrared Detector Market’s leading Manufacturers:
- Excelitas Technologies Corp.
- Hamamatsu Photonics
- NICERA
- FLIR Systems, Inc.
- Murata Manufacturing Co., Ltd.
- OMRON Corporation
- Texas Instruments Incorporated
- Lynred
- InfraTec GmbH
- TE Connectivity
Infrared Detector Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The accelerating industrial sector, economic incentives for the defense industry, and government investment are the key drivers contributing to the growth of the infrared detector market size. For example, the government of India declared to take various steps to attract investment in 2020 in defense manufacturing to generate world-class military platforms and weapons systems. Infrared detectors are highly effective compared to other detectors for security and tracking purposes due to their compact size and capability to detect infrared light from a far distance. Moreover, the rising usage of infrared detectors in industrial and manufacturing applications and strong demand for consumer electronics like smartphones and tablets are some other factors surging the growth of the global infrared detector market. In addition to this, the strong penetration of infrared technology for fire detection and gas analysis. They are also utilized in industrial plants to track the efficient functioning of motors, boilers, bearings, and electrical peripherals. These factors are projected to propel the growth of the global infrared detector market.
Infrared detectors are comparatively costlier than other detectors, including reflective motion sensors, microwave sensors, and ultrasonic motion sensors, among others, owing to their need for additional semiconductor components and cooling techniques. In addition to this, excessive air turbulence and changes in temperature will impact the performance of infrared detectors. Infrared detectors detect infrared images on the basis of the variation in temperature of objects, and they may not be able to recognize the differences in objects having the same temperatures. These factors hinder the growth of the global infrared detector market.
Application Segment Drivers
Based on the application, people & motion sensing is predicted to rise at a higher CAGR during the forecast period due to the increasing usage of infrared detectors in people & motion sensing. Furthermore, the rising use of infrared detectors in places that include retail shops, libraries, airports, homes, and museums for counting individuals and motion detection is further boosting the growth of the market. Moreover, the growth in the deployment of smart home devices, in which infrared detectors provide numerous benefits, like intrusion detection and occupancy detection, play an important part in fuelling the growth of the market.
Infrared Detector Market Segmentation:
Segmentation by Type:
- Thermal Detector
- Photo Detector
Segmentation by Spectral Range:
- Short-Wave IR
- Medium-Wave IR
- Long-Wave IR
Segmentation by Application:
- People & Motion Sensing
- Temperature Management
- Security & Surveillance
- Gas & Fire Detection
- Spectroscopy & Biomedical Imaging
- Scientific Applications
Segmentation by End-Use Industry:
- Aerospace & Defense
- Industrial
- Medical
- Automotive
- Security
- Consumer Electronics
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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