New York, NY, Sept. 25, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Infrared Detectors Market by Type (Mercury Cadmium Telluride, Indium Gallium Arsenide, Pyroelectric, Thermopile, Micro-bolometer, and Others), by Technology (Cooled IR Detector Technology and Uncooled IR Detector Technology), by Wavelength (Short Wave Infrared, Long Wave Infrared and Mid Wave Infrared), and by Application (Automotive, Consumer Electronics, Medical, Military, Security and Other Applications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, the global infrared detectors market accounted for around USD 307 million in 2017 and is expected to reach approximately USD 700.1 million by 2024, growing at a CAGR of around 12.5% between 2018 and 2024.
Infrared detectors are applicable for several applications in the medical, scientific, security, military, industrial, and automotive areas. Common applications of infrared detectors such as flame detection, gas leaking detection, rail safety, and alcohol level testing for DUI’s, temperature sensing, anesthesiology testing, space operations petroleum exploration, water, and steel analysis. Depending on the heat of IR particles the picture appears in different colors in IR detectors, sleep lab monitoring, assist night driving, night flying and night surveillance, search and rescue missions and wildlife observation. Infrared motion detectors are also used in home alarm systems. IR detectors are also used to find criminals which may be hiding in dark areas.
Browse through 47 Tables & 35 Figures spread over 140 Pages and in-depth TOC on “Global Infrared Detector Market Size, Application, Trends, Technology and Forecast, 2017 – 2024”.
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Booming demand from consumer electronics applications such as tablets, smart TVs and smartphone paired with the use of night vision ability in military applications are the two major factors driving the infrared detectors market. Furthermore, increasing demand for security at commercial environments such as offices, hotels, airports, and hospitals, increasing use of uncooled infrared technology in remote sensing and hyperspectral imaging favors the infrared detectors market growth. Moreover, growing awareness of IR detectors among manufacturing and industrial applications is expected to flourish the demand for infrared detectors in the near future. On the other hand, the high cost of chemical compounds such as indium gallium arsenide (InGaAs) and mercury cadmium telluride (MCT) is expected to restrict infrared detector’s market growth. Nonetheless, increasing scope for consumer electronics application may disclose new avenues for infrared detectors market in the near future.
Thermopile infrared detectors dominated the infrared detectors market in 2017; owing to the preference for contactless temperature measurement in many applications. Pyroelectric and micro-bolometer infrared detector is expected to become the another most lucrative type segment in the forecast period. InGaAs and MCT are a costly type of infrared detectors and are majorly used in military applications.
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Increasing use of uncooled infrared technology in remote sensing and hyperspectral imaging is expected to prompt the demand for uncooled IR detector technology segment in the coming years. Cooled IR detector is also expected to acquire a significant market share in the analysis period. Based on wavelength, LWIR (Long Wave Infrared Wavelength) segment is estimated to be the largest market segment over the analysis period owing to its extensive application range and low price. Microbolometer, Thermopylae, and pyroelectric infrared detector type are well-liked within LWIR spectral range.
Security and consumer electronics together acquired the largest market share for infrared detectors market in 2017. The growth of this segment is mainly attributed due to the demand for security at commercial environments such as offices, hotels, airports, and hospitals and high demand from consumer electronics applications such as tablets, smart TVs, and smartphone. The military segment is expected to experience significant growth owing to the increasing use of infrared detectors for night vision ability in military applications.
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The Asia Pacific held the largest share of the global infrared detector market and this trend is expected to continue in the world marketplace within the analysis period. The major factors driving the growth of the market are increased demand for infrared detectors from temperature measurement, military and defense, and industrial applications. Japan is predicted to acquire a significant market share in the Asia Pacific region owing to the presence of key manufacturers such as Murata Manufacturing Co., Ltd., Nippon Ceramic Co., Ltd., and Hamamatsu Photonics K.K., amongst others.
North America is predicted to observe a significant growth owing to the high demand for security in commercial environments such as offices, hotels, airports, and hospitals. In addition, upgradation of IR spectroscopy devices by replacing with new IR detector modules is also likely to propel the demand across the region over next five years. The U.S. held the largest market share in North America. Growth in the U.S. is mainly accredited to the presence of a large number of manufacturers such as Newport Corporation, UTC Aerospace Systems, and Excelitas Technologies Corp., amongst others.
Browse the full "Infrared Detectors Market by Type (Mercury Cadmium Telluride, Indium Gallium Arsenide, Pyroelectric, Thermopile, Micro-bolometer, and Others), by Technology (Cooled IR Detector Technology and Uncooled IR Detector Technology), by Wavelength (Short Wave Infrared, Long Wave Infrared and Mid Wave Infrared), and by Application (Automotive, Consumer Electronics, Medical, Military, Security and Other Applications): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/infrared-detector-market
Europe is also considered as a leading regional market and is projected to witness a significant growth in the near future. Western Europe is predicted to account for the significant share in the infrared detectors market in the analysis period. Use of IR detectors in temperature measurement and spectroscopy applications is expected to fuel the demand for infrared detectors in the European region.
Latin America also has a potential market for the further growth of the infrared detectors. Increasing demand from industrial application coupled with demand from the automotive applications are the primary factors expected to contribute for the healthy growth of the infrared detector market in this region. Brazil is estimated to be the key contributing country for the growth of the market. The Middle East and Africa are also forecasted to show noticeable growth in the coming years.
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Some of the key players in the global infrared detector market are Texas Instruments Inc., Excelitas Technologies Corp., Hamamatsu Photonics KK, Murata Manufacturing Co. Ltd., Raytheon Co., ULIS, FLIR Systems Inc., Melexis NV, Omron Corporation, and Vigo System S.A., among others.
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The report segments the global infrared detectors market as follows:
Global Infrared (IR) Detectors Market: Type Segment Analysis
- Mercury Cadmium Telluride
- Indium Gallium Arsenide
- Pyroelectric
- Thermopile
- Micro-bolometer
- Others
Global Infrared (IR) Detectors Market: Technology Segment Analysis
- Cooled IR Detector Technology
- Uncooled IR Detector Technology
Global Infrared (IR) Detectors Market: Wavelength Segment Analysis
- Short Wave Infrared (SWIR)
- Long Wave Infrared (LWIR)
- Mid Wave Infrared(MWIR)
Global Infrared (IR) Detectors Market: End-User Segment Analysis
- Automotive
- Consumer Electronics
- Medical
- Military
- Security
- Others
Global Infrared Detectors Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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