Infrared Detector Market:
Growth opportunities in the Infrared Detector Market look promising over the next six years. This is mainly due to the increasing measures and incentives by the government and its usage across medical, industrial, automotive, security, and consumer electronics sectors.
Infrared Detector Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The infrared detector market is forecasted to experience a significant demand in the near future. Several major drivers responsible for the growth of the market include the rapid expansion of the industrial sector along with the increasing government investments and economic incentives for the defense sector. For example, The Indian government in 2020 publicized to seize different steps to attract investment in defense production in order to manufacture world-class military platforms and weapons systems. Also, these detectors are highly efficient compared to other detectors for safety and tracing purposes. Moreover, their augmenting implementation in manufacturing and industrial applications and the amplification in demand for consumer electronics, including smartphones and tablets, are remarkably contributing to the market growth. In addition, the accelerating penetration of the technology for fire detection and gas analysis coupled with their employment in industrial plants to track the effective operating of motors, boilers, electric peripherals, and bearings. Thus, these factors together will bolster the infrared detector market share.
However, as per the infrared detector market report, they are more costly than other detectors, including microwave, reflective, and ultrasonic motion sensors due to their need for auxiliary semiconductor components and cooling techniques. Apart from this, acute air turbulence and alteration in temperature might impact the performance of these detectors. Infrared detectors perceive infrared images based on the changes in temperature of objects, and they might not be able to recognize the variations in objects having similar temperatures. Thus, this might curb the market growth.
Regional Drivers
Based on the regional coverage, North America is predicted to witness a higher CAGR during the forecast period. This is primarily attributed to the major applications of people & motion sensing, security & scrutiny, and temperature measurement instruments. The prevalence of leading market players, which includes Honeywell International (US), Texas Instruments (US), FLIR Systems (US), and Excelitas Technologies (US), are significantly contributing to the market growth.
Infrared Detector Market’s leading Manufacturers:
- TE Connectivity
- Lynred
- OMRON Corporation
- FLIR Systems, Inc.
- Hamamatsu Photonics
- InfraTec GmbH
- Texas Instruments Incorporated
- Murata Manufacturing Co., Ltd.
- NICERA
- Excelitas Technologies Corp.
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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