Infrared Detector Market to Hit 9.83% CAGR to 2020 Driven by Motion Sensing Application

Jan 27, 2016, 07:30 ET from MarketsandMarkets

PUNE, India, January 27, 2016 /PRNewswire/ --

Global infrared detector market is expected to reach USD 405.2 million by 2020, growing at a CAGR of 9.83% between 2015 and 2020. Infrared detector market expected to be driven by people and motion sensing application. Thermophile infrared detectors expected to grow at the highest CAGR between 2015 and 2020. Long-wave infrared radar expected to hold the largest market share and witness rapid growth during the forecast period.

Complete report on global infrared detector market spread across 161 pages, profiling 11 companies and supported with 89 tables and 53 figures is now available at http://www.rnrmarketresearch.com/infrared-detector-market-by-type-mct-ingaas-pyroelectric-thermopile-microbolometer-and-others-technology-cooled-infrared-and-uncooled-infrared-wavelength-short-medium-and-long-infrared-application-and-geography-global-forecas-market-report.html .

The increasing use of IR detectors in places such as airports, museums, retail shops, and libraries for counting people and for motion detection would drive the infrared detector market. Similarly, the growing awareness of IR detectors in the manufacturing and industrial application, increasing demand for uncooled infrared technology, and wide acceptance of IR detectors in different applications would drive the market.  

The market for thermophile infrared detectors is expected to grow at the highest CAGR during the forecast period. Thermophile detectors are widely used for the people and motion sensing application which would drive the market.

Long-wave infrared radar accounted for the largest share of the infrared detector market in 2014 and is expected to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the increased demand for long-wave infrared detectors in military, surveillance, security, military and defense, industrial, and automotive applications.

The study also contains insights provided by various industry experts ranging from material suppliers to Tier-I companies and OEMs. Various key people in Tier 1 (34%), Tier 2 (46%) and others (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (56%), Director Level (3%) and other executives (11%) from various key organizations operating in the worldwide infrared detector market. The primary interviews were conducted worldwide covering regions such as The Americas (46%), Europe (27%), APAC (21%) and ROW (6%).

The key players in the market include Excelitas Technologies Corp., (U.S.), Nippon Ceramic Co., Ltd (Japan), Hamamatsu Photonic K.K. (Japan), Murata Manufacturing Co., Ltd (Japan), Texas Instruments Inc. (U.S.), Raytheon Company (U.S.), Omron Incorporation (Japan), and Sofradir (France) among others. Order a copy of Infrared Detector Market by Type (MCT, INGAAS, Pyroelectric, Thermopile Microbolometer and Others), Technology (Cooled Infrared, and Uncooled Infrared), Wavelength (Short, Medium, and Long Infrared), Application, and Geography - Global Forecast to 2020 research report http://www.rnrmarketresearch.com/contacts/purchase?rname=459900 .

This report includes the market statistics pertaining to type, technology, wavelength, application, and geography along with their respective revenue. The Porter's five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into the infrared detector market. Major drivers, restraints, and opportunities for the infrared detector market have been detailed in this report.

On a related note, another research about Infrared Emitter & Receiver Market Global Trend & Forecast to 2020 says, infrared emitter and infrared receiver markets are expected to reach USD 867.1 million and USD 298.4 million, respectively, by 2020, growing at a CAGR of 11.3% and 7.2%, respectively, between 2015 and 2020. Security & surveillance industry dominated both the infrared emitter and infrared receiver markets. Asia-Pacific to continue is to be the dominating region for the Infrared emitter & receiver market. Companies like Vishay Inter technologies, Rohm Semiconductors, Honeywell International, Inc., Hamamatsu Corp., Texas Instruments., Lite-ON Technologies, Osram Licht AG, Royal Philips, FLIR Systems and Cree, Inc. have been profiled in this 159 pages research available at http://www.rnrmarketresearch.com/infrared-emitter-receiver-market-by-spectral-range-near-ir-swir-mwir-lwir-and-far-ir-vertical-automotive-industrial-military-aerospace-others-application-geography-global-trend-forecast-to-2020-market-report.html .

Explore more reports on I.T. & Telecommunication market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication

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