Infrared Detector Market by Type (Thermal detector, Thermopile, Microbolometer, Pyroelectric, Photo detector, Indium Gallium Arsenide, Mercury Cadmium Telluride, and Polycrystalline lead sulfide (PbS) & polycrystalline lead selenide (PbSe)), by Spectral Range (Short-Wave Infrared, Medium-Wave Infrared, and Long-Wave Infrared), by Application (Aerospace & Defense, Industrial, Medical, Automotive, Security, and Consumer Electronics) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Market Definition

The global Infrared Detector Market was valued at USD 456.7 million in 2019 and is expected to garner USD 806.0 million by 2030, registering a CAGR of 5.3% during the forecast period 2020-2030. Infrared detector is used to detect the presence of infrared radiations (IR). These are widely used in various applications such as aerospace applications, medical applications, night vision application, security, etc. due to its compact size and ability to detect infrared light from far distances. Infrared detectors convert the infrared radiation into electrical signal with the help of sensors. There are two major types of infrared detectors such as photo detector and thermal detector.

Market Dynamics and Trends

Increased demand of consumer electronics, safety services at public places and wide application in various other end user industries are expected to be the major factors driving the growth of the global market over the forecast period. Also, increased investment in defence, growing industrialization, and support from governments are further expected to promote the market growth.

However, infrared frequencies are affected by hard objects like walls and doors. Smoke, dust, fog and sunlight can also limit the effectiveness of these detectors and raises accuracy concerns, which acts as a barrier to the infrared detector market growth. On the other hand, the aggressive R&D to develop infrared detectors with greater accuracy and high penetrating power, coupled with reduction in the prices and use of night vision ability for military applications are expected to create numerous opportunities in the market over the forecast period.

Market Segmentations and Scope of the Study

The global infrared detector market report is segmented on the basis of type, spectral range, application and geography. On the basis of type, the market is classified into thermal detector and photo detector. By spectral range the global market is sub divided into short-wave IR, medium-wave IR, and long-Wave IR. By applications the market is sub segmented into aerospace & defence, industrial, medical, automotive, security, and consumer electronics. Among various spectral range, globally, long-wave IR detectors dominates the market due to their ability to sense thermal signs and provide excellent detection capability in low-light conditions. Geographically, the global market is divided into North America, Europe, Asia-Pacific and RoW.

Geographical Analysis:

Asia-Pacific infrared detector market is expected to grow at the fastest CAGR during the forecast period owing to strong government support. Large scale adoption of the infrared detectors in consumer electronics, smart homes and other security applications has led to the market growth. Moreover, the presence of major players has catalysed this market growth. The developed regions such as North America and Europe are expected to witness steady growth in the coming years.

Competitive Landscape

The infrared detector industry report provides a comprehensive analysis of major market players such as 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 and the prominent strategies adopted by them. There have been various developments taken place in the market that are further expected to augment the market growth.

For instance, the recent launch of the connected portable infrared detector designed to keep the workers safe in dangerous confined spaces while featuring a simple and easy to use design by Honeywell International Inc.

Key Benefits

• The report provides the quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on

• The study comprises a deep dive analysis of the infrared detector market trend including the current and future trends for depicting the prevalent investment pockets in the market

• The information related to key drivers, restraints and opportunities and their impact on the infrared detector market is provided in the report.

• The market share of the players in the global market along with their competitive analysis.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Infrared Detector Market Key Segments

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.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • Australia

  • Rest of Asia-Pacific

• Rest of World

  • Latin America

  • Middle East

  • Africa

Report Scope and Segmentation

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