North America Infrared (IR) Detector Market is Projected to Grow to USD 166.0 Million by 2019 at a CAGR of 10.9%

Dec 15, 2015, 10:30 ET from MicroMarket Monitor

PUNE, India, December 15, 2015 /PRNewswire/ --

According to the new Market Research Report "North America IR Detector Market by Technology (MCT, InGaAs, Pyroelectric, Thermopiles, and Microbolometers), by Spectral Range (SWIR, MWIR, and LWIR), by Application, and by Geography - Analysis and Forecast till 2019", the North America IR detector market is estimated at $98.7million in 2014 and is projected to reach $166.0 million by 2019, at a CAGR of 10.9% from 2014 to 2019. In the North American region, the U.S. is the key market for IR detectors.

Browse through the TOC of "North American Infrared (IR) Detector Market" for an in-depth analysis of the industry trends and segments, with help of various tables and figures. 

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The market segmentation and forecast are based on technology, geography, and application. The different IR detector technologies included in this market report are Mercury Cadmium Telluride (MCT), microbolometer, thermopile, pyroelectric, and Indium Gallium Arsenide (InGaAs). The application segment focuses on people and motion sensing, temperature sensing, fire and gas detection, spectroscopy, biomedical imaging, and smart homes. On the basis of technology, the IR detector market is segmented into long wave, short wave, and mid wave segments.

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North America is one of the most technologically advanced application markets for IR detectors due to the presence of a number of leading manufacturers, prominent suppliers, and large semiconductor companies. The size of the region, the affluence of its consumers, and the competitiveness of original equipment manufacturers (OEMs) make North America an attractive market for IR detector manufacturers.

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North America is the largest contributor to the Americas market, due to the presence of a number of manufacturers in this region. The application market for IR detectors is dominated by people and motion sensing, temperature measurement, and fire and gas detection. The market size for people and motion sensing in 2014 was calculated at $41.4 million and is projected to grow at a CAGR of 11.2% from 2014 to 2019.

Key Players of the North American Infrared (IR) Detector Market include:  

Murata Manufacturing (Japan), Hamamatsu (Japan), FLIR (U.S.), Excelitas (U.S.), and Nicera (Japan) among others and so on.

The report includes the market share and value chain analyses, together with market metrics such as drivers and restraints. It also offers a competitive landscape and company profiles of the key players in the IR detector market.

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Browse Related Reports: 

The Short Wave Infrared Detectors Market can be segmented by type, application, end-user, company, and industry type

The SWIR market is majorly dominated by temperature measurement, in addition to InGaAs and fire detection applications. These applications have contributed to nearly 61% of the overall market in 2013. The highest growth rate is expected from the temperature measurement application, which is around $10 million in 2014, and is anticipated to reach $17 million by 2020, at a CAGR of 8.7%.

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