According to a new market report published by Lucintel,
the future of the infrared detector market looks promising with opportunities
in consumer electronics, smart homes, industrial, commercial, and military
& defense sectors. The global infrared detector market is expected to reach
an estimated $422.6 million by 2021 and is forecast to grow at a CAGR of 8.7%
from 2016 to 2021. The major drivers of growth for this market are increased
demand for smartphones and tablets, rising concern about safety and security,
and increasing automation in the building and industrial sector.
In this market, pyroelectric, thermopile,
microbolometer, indium gallium arsenide (InGaAs), mercury cadmium telluride
(MCT) are the major infrared detector. Pyroelectric infrared detector is expected to
remain the largest detector type due to the increasing demand for people motion
sensing in the commercial building and gas and flame detection in the
industrial facilities. Lucintel predicts that the demand for microbolometer is
likely to experience the highest growth in the forecast period supported by
increasing demand in smart home.
Within the infrared detector market, people
and motion sensing is expected to remain the largest segment due to increasing
usage of infrared detectors for people counting and motion detection in the commercial
sector. Lucintel predicts that the demand for smart home is likely to
experience the highest growth in the forecast period, supported by increasing
demand for consumer convenience, safety and security, and the rising need for
energy efficiency.
Asia Pacific is expected to remain the largest
region and to witness the highest growth over the forecast period because of an
increase in demand of smartphone, tablets, and smart TVs, and growth in
industrial and home automation.
For business expansion, the report suggests
innovation and new product development to provide greater accuracy and to reduce
cost of detector. Emerging trends, which have a direct impact
on the dynamics of the industry, include increasing use of infrared detectors
in smart homes and increasing use of infrared detectors for night vision and
surveillance. Excelitas Technologies Corporation, Hamamatsu Photonics, FLIR
Systems Inc., Murata Manufacturing Co. Ltd., and Texas Instruments Inc. are
among the major infrared detector suppliers.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the global infrared detector
market by detector type, end use industry, by wavelength and region and has
come up with a comprehensive research report entitled “Global
Infrared Detector Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring
board for growth strategy as it provides a comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the
infrared detector market by detector type, end use industry, by wavelength, and
region as follows:
By end use industry [Volume (Million Units)
and $M shipment analysis from 2010 to 2021]:
- People and Motion Sensing
- Temperature Measurement
- Spectroscopy and Biomedical Imaging
- HVAC
- Smart Home
- Others
By detector type [$M shipment analysis from
2010 to 2021]:
- Pyroelectric
- Thermopile
- Microbolometer
- InGaAs (Indium Gallium Arsenide)
- MCT (Mercury Cadmium Telluride)
- Others
By Wavelength [$M shipment analysis from 2010
to 2021]:
- Short-Wave
- Medium-Wave
- Long-Wave
By region [$M shipment analysis from 2010 to
2021]:
- North America
- Europe
- Asia Pacific
- Rest of World
This
109-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Telecommunication
Report, Telecommunication
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1
What are some of the most promising potential, high-growth opportunities for
global infrared detector market by end use industry (people and motion sensing,
temperature measurement, industrial, spectroscopy and biomedical imaging, HVAC,
smart home, and others), type (pyroelectric, thermopile,
microbolometer, InGaAs, MCT, and others),
wavelength (short-wave, medium-wave, and long-wave), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.
2 Which segments will grow at a faster pace and why?
Q.3
Which regions will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5
What are the business risks and threats to the market?
Q.6
What are the emerging trends in this market and reasons behind them?
Q.7
What are some changing demands of customers in the market?
Q.8
What are the new developments in the market? Which companies are leading these
developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via material / product
substitution?
Q.11
What M&A activities have occurred in the last 5 years?
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