DUBLIN--(BUSINESS WIRE)--The "Infrared Detector Market by Type, by Spectral Range, by Application - Global Opportunity Analysis and Industry Forecast, 2020 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Infrared Detector Market size was valued at USD 456.7 million in 2019 and is predicted to reach USD 806.0 million by 2030 with a CAGR of 5.3% from 2020-2030.
Infrared detectors are used for sensing specific characteristics around its surrounding either by detecting or emitting infrared radiation. It can sense motion of an object and also measure heat emitted by the objects. Infrared detectors have wide range of applications in various industries such as medical, automotive, security, consumer electronics and others. These detectors are compact in size and are able to detect infrared light from far distances. They are also highly effective compared to other detectors, specifically in safety and monitoring applications.
Market Dynamics and Trends
The increasing adoption of infrared detectors for nonindustrial use, especially, for people and motion sensing, surveillance and temperature measurement applications are the key factors driving the infrared detectors market.
Also, technological advancements coupled with increased demand of consumer electronics are contributing to the growth of infrared detector market. Furthermore, increasing adoption of infrared technology for gas analysis and fire detection, and the growing popularity of uncooled infrared detectors are among other factors expected to augment the market growth.
However, high cost of installation and accuracy concerns in certain applications are expected to hamper the growth of infrared detector market over the forecast period. On the other hand reduction in the prices of infrared sensors and application in uncooled IR cameras for remote sensing could serve as a key opportunity to the IR detector market in the coming years.
Geographical Analysis
North America denotes the increased adoption of infrared detector and is anticipated to hold the major market share over the forecast period. Defense, residential and commercial are the key demand-generating segments for infrared detectors in this region. Also, presence of several manufacturers of infrared detectors in this region such as Excelitas Technologies (US), Texas Instruments (US), Honeywell International (US), and FLIR Systems (US) further adds to the growth of the market in North America.
Asia Pacific is expected to be the fastest developing region with constant increase in market size due to the increase in investment by government on defense and increased demand of consumer electronics, which in turn are expected to drive the growth of infrared detector market in the near future.
Competitive Landscape
The infrared detector market, which is highly competitive and fragmented, consists of various players. Some of the major market players include Honeywell International Inc., Texas Instruments Inc., Omron Corporation, Murata Manufacturing Co. Ltd, Sofradir SAS, Infratec Gmbh, FLIR Systems Inc., Raytheon Company, Hamamatsu Photonics KK, Excelitas Technologies Corp, Nippon Ceramic Co. Ltd, and ULIS SAS among others.
Key Market Segments:
Global Infrared Detector Market - By Type
- Thermal Detector
- Photo Detector
Global Infrared Detector Market - By Spectral Range
- Short-Wave IR
- Medium-Wave IR
- Long-Wave IR
Global Infrared Detector Market - By Application
- Aerospace & Defense
- Industrial
- Medical
- Automotive
- Security
- Consumer Electronics
Global Infrared Detector Market -By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- RoW
- Latin America
- Middle East
- Africa
Company Profiles
- Texas Instruments Inc
- Honeywell International Inc
- Omron Corporation
- Excelitas Technologies Corp
- Hamamatsu Photonics K.K
- Flir Systems, Inc
- Murata Manufacturing Co. Ltd
- Raytheon Company
- Sofradir
- Nippon Avionics Co. Ltd.
- Nippon Ceramic Co. Ltd
- Ulis Sas
For more information about this report visit https://www.researchandmarkets.com/r/kkq9ux
