Infrared detector market predicted to hit $704.8 million by 2020
Global sales in the infrared (IR)detector market are predicted to grow from $321.4 million in 2014 to $704.8 million in 2020, at an estimated compound annual growth rate (CAGR) of 11.9%. MarketsandMarkets’ IR Detector Market by Technology (MCT, InGaAs, Pyroelectric, Thermopyle, Micro bolometer), Application (People & Motion Sensing, Temperature Measurement, Fire & Gas Detection, Spectroscopy), Spectral Range (S/M/LWIR) & by Geography - Global Forecast to 2013 – 2020cites rising security concern, a growth in demand of contact-less temperature measurement, and motion sensing in consumer electronics applications as the highest revenue generators. The Asia-Pacific (APAC) region is expected to lead the IR detector market with the Americas and Europe just behind in total sales.
Major detector technologies covered in the report are mercury cadmium telluride (MCT), indium gallium arsenide (InGaAs), Thermopyle, Pyroelectric, and microbolometers. In addition, the report segments the IR market into applications such as people and motion sensing, temperature measurement,fire and gas detection, spectroscopy, biomedical imaging, smart homes, and others. It also segments by spectral range: Short wave infrared (SWIR), mid-wave infrared (MWIR), and long wave infrared (LWIR).
In addition to an eight-year revenue forecast and analysis of the global market and its various sub-markets (Americas, Europe, APAC, and rest of world), the report also identifies the following takeaways:
- Current factors driving/restraining growth, along with their impact in the short, medium, and long-term
- Defining the opportunities present in the market and identifying the high-growth segments of the market
- Detailed competitive landscape, along with the identification of the key players in each type of product market, with the help of their company profiles, key strategies, and latest developments - in order to analyze their respective market shares and core competencies
- Porter’s five force analysis in detail; along with technology and market road maps, evolution and history of IR detector market, and its respective markets
- Company profiles of the key industry players active in the global IR detector market; and analysis of their market shares, core competencies, and key strategies across different segments
The report identifies the following companies as key players in the global IR imaging market:
Also check out:
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About the Author
James Carroll
Former VSD Editor James Carroll joined the team 2013. Carroll covered machine vision and imaging from numerous angles, including application stories, industry news, market updates, and new products. In addition to writing and editing articles, Carroll managed the Innovators Awards program and webcasts.