Global Infrared Detectors Market - WishTree Insight

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

• The need for automation equipment in building automation is considered a key driver.
• The preference of consumers toward better energy management is propelling the market.
• Growing adoption of infrared technology in motion sensor and temperature measurement applications is expected to drive market growth.
• The increasing demand for security and surveillance cameras in various sectors is considered a significant factor driving the market growth.
• Technological advancements in spectroscopy and biomedical imaging devices are attributed to the growing market.
• High installation cost and limited accuracy in particular situations are some restraining factors in this market.
• Technological advancements in infrared technology for gas analysis and fire detection, broaden the opportunities for industries.

Scope of the Report

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.