Global Infrared Detector Market Size and Forecast To 2025
Global Infrared Detector Market Analysis
According to Verified Market Intelligence, the global Infrared Detector market was valued at USD 294.79 million in 2017 and is projected to reach USD 612.70 million by 2025, growing at a CAGR of 9.6% from 2018 to 2025.
What is Infrared Detector?
An infrared detector is an electronic device that is used to detect infrared radiation in order to measure heat and detect motion of the surrounding objects. Apart from motion and heat detection applications, it is also used for data communication for monitoring and control applications. Thermal infrared sensors and quantum infrared sensors are the two types of infrared sensors used. These detectors are incorporated into various devices that are used in surveillance, automobiles, testing, detection, and measurement. Rising demand for consumer electronics and increasing security concerns stimulates the growth of infrared detector market.
Global Infrared Detector Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Rise in awareness of IR detectors among manufacturing and industrial applications, growing consumer electronics applications and rapidly growing industrial sector have been driving global infrared detector market. On the other hand, factors such as high cost of installation and limited accuracy in certain harsh conditions might hinder the overall growth at a global level.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Infrared Detector Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Infrared Detector Market Competitive Landscape
The “Global Infrared Detector Market” study report will provide a valuable insight with an emphasis on global market including some of the major 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. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Infrared Detector Market Segmentation, by Type
• Mercury Cadmium Telluride (MCT)
• Indium Gallium Arsenide (INGAAS)
Global Infrared Detector Market Segmentation, by Technology
• Cooled IR detector technology
• Uncooled IR detector technology
Global Infrared Detector Market Segmentation, by Application
• Temperature measurement
• Military and defense
• Smart home
Global Infrared Detector Market Segmentation, by Wavelength
• Short-wave infrared
• Medium-wave infrared
• Long-wavelength infrared
Global Infrared Detector Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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