Infrared Detectors Market By Functionality (Photon Detectors, Thermal Detectors and Radiation Field Detectors), By Technology (Cooled IR Detectors and Uncooled IR Detectors), By wavelength (Short Wave, Medium Wave and Long Wave), By End-use Vertical (Aerospace & Defense, Healthcare, Automotive, Manufacturing, Commercial Application and Others (Government, Consumer Electronics) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027
The global infrared detectors market is expected to expand at a CAGR of 8.7% during the forecast period from 2019 to 2027. Infrared detectors are devices for detecting infrared radiation by forming IR images from temperature and emissive differences. There are three basic types of infrared detectors, quantum/photon IR, thermal, and radiation fields. Infrared detectors find applications across both military and civil applications. In the case of civil applications, these detectors play a major role in fields such as medical thermography, fire detection, and remote sensing, among others. Furthermore, IR detectors are extremely efficient for safety and tracking purposes due to their compact size and capacity to detect infrared light from distances, propelling the market growth.
Market Synopsis
Cooled IR Detectors to Dominate; Uncooled IR Detectors to Register Significant Growth throughout the Forecast Period
Based on technology, the global infrared detectors market is categorized into two major categories: Cooled IR Detectors and Uncooled IR Detectors. Infrared thermal imaging using cooled and uncooled detectors are gaining popularity due to widespread application in security, public safety, transportation, research, and development, among others. As a result, uncooled infrared detector technology is projected to register a steady growth rate during the forecast period. In the wake of benefits offered by uncooled infrared detectors in terms of cost, size, and reliability, big players such as Honeywell International Inc., and Nippon Avionics Co. Ltd, among others, are capitalizing on this technology. Due to this, the market for uncooled infrared detectors is gaining momentum. This momentum can also be accredited to microbolometers and their numerous commercial applications in thermography, surveillance, and firefighting, among others.
North America Dominates; the Asia Pacific Set to Register Significant Growth during the Forecast Period
In 2018, North America was the largest value-contributing region in the global infrared detectors market, followed by the Asia Pacific. This growth can be associated with the increased applications of infrared detectors, especially in identifying motion that supports recognizing the object from a distant place, and the presence of a large number of manufacturers [A1] [VP2] in the region, especially in the U.S. Thus projected to fuel the North America infrared detectors market, in the coming future. In contrast, Asia Pacific is expected to garner the highest growth throughout the forecast period. This is due to strong government support and the adoption of infrared detectors by various end-user industries such as aerospace & defense, government, and commercial applications, among others. Thus, encouraging the growth of the Asia Pacific infrared detectors market in the upcoming years.
Some of the leading manufacturers profiled in the study include Wuhan Guide Infrared Co. Ltd., Honeywell International Inc., Nippon Avionics Co. Ltd, Excelitas Technologies Corp., L-3 Technologies Inc., Infrared Integrated Systems Ltd., General Dynamics Corporation, Texas Instruments Inc., Omron Corporation, Hamamatsu Photonic K.K., Murata Manufacturing Co., Ltd., FLIR Systems Inc., Raytheon Company, and Sofradir among others.
Historical & Forecast Period
This research study provides qualitative and quantitative insights for each Segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, CAGR (Compounded Annual Growth Rate) for each Segment and sub-segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The infrared detectors market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global infrared detectors market based on functionality, technology, wavelength, end-use vertical, and geography. Key segments covered in the report are as follows:
Europe (U.K., Germany, France, and the Rest of Europe)
Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
Rest of World (Middle East & Africa (MEA), Latin America.
Key questions answered in this report.
The worldwide market value of the infrared detectors market in 2017 and 2018
Estimated forecast and market projections up to 2027
Which is the largest regional market for infrared detectors?
Which Segment has the highest penetration of infrared detectors?
Which are the key trends driving the global infrared detectors market growth?
Who are the leading vendors in the infrared detectors market worldwide?
What are the key strategies adopted by the leading infrared detector vendors?
Frequently asked questions :
The market for Infrared Detectors Market is expected to reach US$ XX Bn by 2027.
The Infrared Detectors Market is expected to see significant CAGR growth over the coming years, at 8.7%.
The report is forecasted from 2018-2027.
The base year of this report is 2021.
Wuhan Guide Infrared Co. Ltd., Honeywell International Inc., Nippon Avionics Co. Ltd IBM Corporation, Excelitas Technologies Corp., L-3 Technologies Inc. are some of the major players in the global market.
