Infrared Detector Market Overview
The infrared detector is used to identify infrared radiation to measure heat and detect movement. It is integrated with several devices used in surveillance, automobiles, testing, detection and measurement. The infrared detectors that convert infrared radiation into an electrical signal are one of the most important groups of sensors in defense system applications. These detectors also play an important role in applications such as medical electronics, automotive, industrial, security and consumer electronics. Infrared Detector Market is expected to reach USD 464 million by 2022, registering a CAGR of 9.1% during the forecast period 2018 - 2022.
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Infrared Detector Market Drivers and Restraints:
The fast-growing industrial sector, government investments and economic incentives for the defense sector have also supported the growth of the global market for these detectors. These are very effective compared to other detectors for security and surveillance reasons due to their compact size and their ability to detect infrared light from afar. However, high installation costs and limited accuracy under certain conditions could limit the market growth. Technological advances in infrared detector technology and lower prices in the future could offer potential growth opportunities for the market.
Infrared Detector Market Geographic Segmentation:
The global infrared detectors market is categorized on the basis of region into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Asia Pacific accounts for the largest market share followed by North America, owing to the presence of a large number of manufacturers in the region, especially in Japan. North America is another significant contributor to the market due to the demand for these detectors in the United States. Europe and Middle East and Africa are also expected to witness strong growth in the future, attributing to the increase demand for security and surveillance.
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Some of the key players contributing to the worldwide market include Excelitas Technologies Corp., Texas Instruments Inc., FLIR Systems Inc., Raytheon Co., Omron Corporation, Hamamatsu Photonics KK, ULIS and Murata Manufacturing Co. Ltd, 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.
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