According to a new market report published by Lucintel, the future of the infrared detector market looks promising with opportunities in consumer electronics, smart homes, industrial, commercial, and military & defense sectors. The global infrared detector market is expected to reach an estimated $670.3 million by 2027 and is forecast to grow at a CAGR of 6.9% from 2021 to 2027. The major drivers for this market are increased demand for smartphones and tablets, rising concern about safety and security, and increasing automation in the building and industrial sector.
In this market, pyroelectric, thermopile, microbolometer, InGaAs (Indium Gallium Arsenide), MCT (Mercury Cadmium Telluride), and others are the major detector type of infrared detector. Lucintel forecasts that microbolometer is likely to experience the highest growth in the forecast period supported by increasing demand in smart home.
Within the infrared detector market, people and motion sensing is expected to remain the largest segment due to increasing usage of infrared detectors for people counting and motion detection in the commercial sector. Lucintel predicts that the demand for smart home is likely to experience the highest growth in the forecast period, supported by increasing demand for consumer convenience, safety and security, and the rising need for energy efficiency.
Asia Pacific is expected to remain the largest region and to witness the highest growth over the forecast period because of an increase in demand of smartphone, tablets, and smart TVs, and growth in industrial and home automation.
Emerging trends, which have a direct impact on the dynamics of the infrared detector industry, include increasing use of infrared detectors in smart homes and increasing use of infrared detectors for night vision and surveillance. Excelitas Technologies, Hamamatsu Photonics, FLIR Systems, Murata, Texas, and Omron are among the major suppliers of infrared detector.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global infrared detector market by application, wavelength, type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Infrared Detector Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global infrared detector market by application, wavelength, type, and region as follows:
By Application [Value ($M) shipment analysis for 2016 – 2027]:
·People and Motion Sensing
·Temperature Measurement
·Industrial
·Spectroscopy & Biomedical Imaging
·HVAC
·Smart Homes
By Wavelength [Value ($M) shipment analysis for 2016 – 2027]:
·Short-Wave Infrared
·Medium-Wave Infrared
·Long-Wave Infrared
By Type [Value ($M) shipment analysis for 2016 – 2027]:
·Pyroelectric
·Thermopile
·Microbolometer
·InGaAs (Indium Gallium Arsenide)
·MCT (Mercury Cadmium Telluride)
By Region [Value ($M) shipment analysis for 2016 – 2027]:
·North America
−US
−Canada
−Mexico
·Europe
−Germany
−The United Kingdom
−France
−Russia
·Asia Pacific
−China
−Japan
−India
−South Korea
·The Rest of the World
−Brazil
-Argentina
Browse 68 market data tables and 107 figures spread through 205 pages and in-depth TOC on “Market"
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global infrared detector market by end use industry (people and motion sensing, temperature measurement, industrial, spectroscopy and biomedical imaging, HVAC, smart home, and others), type (pyroelectric, thermopile, microbolometer, InGaAs, MCT, and others), wavelength (short-wave, medium-wave, and long-wave), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?