Global Infrared Detectors Market -Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2021 – 2031
Global Infrared Detectors Market by Type (Photo Detector and Thermal Detector), Spectral Range (Long-Wave IR, Short-Wave IR, and Medium-Wave IR), Application (Defense & Aerospace, Automotive, Consumer Electronics, Medical), and Regions (The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031
The Global Infrared Detectors market size was valued at USD 384 Million in 2021 and is expected to surpass USD 783 million by 2031, expanding at a CAGR of 8.6 % during the forecast period, 2021–2031. The growth of the market is attributed to the growing adoption of infrared detectors in temperature measurement, motion, building equipment, and the demand for security & surveillance cameras for different industries.
INTRODUCTION
Infrared detectors are sensing devices that can sense temperature, motion, distance, and proximity. They have three major components optical components, a light-emitting source, and a detector. These sensors require low power consumption. Their application includes temperature control devices, night vision systems installed for security purposes, climate control, cell phones, gaming devices, monitors, and so on. The growing demand for consumer electronics and electronic appliances has increased the demand for Infrared detectors. Due to a high increase in demand for consumer electronics, rising security concerns have raised the demand for infrared detectors.
Market Trends, Drivers, Restraints, and Opportunities
Scope of the Report
Attributes |
Details |
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Report Title | Global infrared detectors market - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast |
Base Year | 2021 |
Historic Data | 2020–2021 |
Forecast Period | 2021–2031 |
Segmentation | Type (Photo Detector and Thermal Detector), Spectral Range (Long-Wave IR, Short-Wave IR, and Medium-Wave IR), Application (Defense & Aerospace, Automotive, Consumer Electronics, Medical) |
Regional Scope | The Asia Pacific, Middle East Africa, Europe, North America, and Latin America |
Report Coverage | Market Analysis Company Share & Size, Growth Factors, Trends, Competitive Landscape, and Revenue Forecast |
Key Players Covered in the Report | Omron Corporation; Texas Instruments Inc.; Hamamatsu Photonics K.K.; Honeywell International Inc.; Excelitas Technologies Corp.; FLIR Systems Inc.; Murata Manufacturing Co.Ltd.; Raytheon Company; Sofradir; and Nippon Avionics. |
Market Segment Insights
Photo Detector segment is expected to expand at a rapid pace
Based on type, the global infrared detector market is bifurcated into a photodetector and thermal detectors. The photodetector segment is expected to expand at a rapid pace during the forecast period. The rapid adaption of smart technologies, utilization of smart appliances, entertainment, commerce, manufacturing, and smart homes are expected to expand the market at a rapid pace.
Long-Wave IR is expected to expand at a rapid pace
Based on spectral range, the global infrared detector market is divided into long-wave IR, short-wave IR, and medium-wave IR. The long-wave IR segment is expected to expand at a rapid pace during the forecast period. The ability to sense thermal signs, excellent detection capability in low light conditions, and cost-effective cameras for short and mid-range applications are key factors to drive the market. However, the medium-wave IR segment is anticipated to hold a steady share of the market in the coming years. It is utilized in traffic surveillance and coastal surveillance as a fog resistance system. The demand for short-wave IR has also increased, as it can pass through various optical elements, also it is used in the food industry for quality checks.
Defense & Aerospace is expected to propel the market
Based on application, the global infrared detector market is divided into defense & aerospace, automotive, consumer electronics, and medical. The defense & aerospace segment is expected to propel the market during the forecast period. Observation of climate conditions and changes on Earth, strategic military observation, atmospheric study, marine observation, ranging from space, and chemical composition studies are driving the market growth. However, the automotive segment is anticipated to hold a key share of the market in the coming years. Advancements in vehicle safety & system are driving the market.
At the global level, the North American region was holding the highest market share in 2019, security & surveillance and temperature measurement applications are some of the major driving factors for the market in this region. Asia Pacific region is considered the fastest-growing region to gain maximum market share in the coming years. Countries like China and India are offering ample opportunities for the growth of the infrared detectors market due to the presence of huge consumer electronics industries.
Competitive Landscape
Key players competing in the global infrared detectors market are Omron Corporation; Texas Instruments Inc.; Hamamatsu Photonics K.K.; Honeywell International Inc.; Excelitas Technologies Corp.; FLIR Systems Inc.; Murata Manufacturing Co.Ltd.; Raytheon Company; Sofradir; and Nippon Avionics.
FAQs
During the forecast period, what is the CAGR of the market?
8.6% is the CAGR of the market during the forecast period.
What are the key drivers of the market?
The growth of the market is attributed to the growing adoption of infrared detectors in temperature measurement, motion, building equipment, and the demand for security & surveillance cameras for different industries.
Which segment dominates the market?
The defense & Aerospace segment dominates the market.
Which region accounted for a large market share?
The North American region accounted for a large market share.
Mention the key players in the market.
Key players competing in the global infrared detectors market are Omron Corporation; Texas Instruments Inc.; Hamamatsu Photonics K.K.; Honeywell International Inc.; Excelitas Technologies Corp.; FLIR Systems Inc.; Murata Manufacturing Co.Ltd.; Raytheon Company; Sofradir; and Nippon Avionics.
1 INTRODUCTION OF GLOBAL INFRARED DETECTORS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL INFRARED DETECTORS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
5 GLOBAL INFRARED DETECTORS MARKET, BY TYPE
5.1 Overview
5.2 Photo Detector
5.3 Thermal Detector
6 GLOBAL INFRARED DETECTORS MARKET, SPECTRAL RANGE
6.1 Overview
6.2 Long-Wave IR
6.3 Short-Wave IR
6.4 Medium-Wave IR
7 GLOBAL INFRARED DETECTORS MARKET, BY APPLICATION
7.1 Overview
7.2 Defense & Aerospace
7.3 Automotive
7.4 Consumer Electronics
7.5 Medical
8 GLOBAL INFRARED DETECTORS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 The Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 The Middle East & Africa
9 GLOBAL INFRARED DETECTORS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Omron Corporation
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2Texas Instruments Inc.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Hamamatsu Photonics K.K.
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Excelitas Technologies Corp.
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Honeywell International Inc.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 FLIR Systems Inc.
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Murata Manufacturing Co.
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Raytheon Company
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Sofradir
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Nippon Avionics
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Segments Covered in the Report
Type
Spectral Range
Application
Regions
Key Players
Global infrared detectors market has a presence of some of the key major players across the globe which includes:
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Our expertise uses primary research with Key for validating the market forecasts:
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