Infrared Detector Market by Type (Thermal Detector and Photo detector), Spectral Range (Short-Wave IR, Medium-Wave IR, and Long-Wave IR), Application (Aerospace & Defense, Industrial, Medical, Automotive, Security, and Consumer Electro) - Global Opportunity Analysis and Industry Forecasts, 2014-2022
The global infrared detector market is anticipated to register a CAGR of 9.7% from 2016-2022 to attain a market size of around $466 million by 2022.
An infrared detector is a device that responds to infrared radiation (IR), which are electromagnetic waves with higher wavelength than visible light. Interestingly, all the entities with temperature greater than absolute zero have thermal energy and are a source of infrared radiation. The two main types of IR detectors are thermal detectors and photo detectors. Infrared detectors can be used for a variety of applications in the military, scientific, security, medical, industrial, and automotive areas.
IR detectors are compact in size, compatible with variety of applications, and detect infrared light over a large area. These factors make infrared detectors ideal for security purposes as they operate real time and detect movement. However, high cost and inaccuracy in certain conditions could hamper the market growth. Technological advancements in the infrared detector technology and reduction in prices in the future could provide potential growth opportunities.
The market is segmented by type, spectral range, application, and geography. Based on type, the market is bifurcated into thermal detector and photo detector. Thermal detectors are subcategorized into thermopile, microbolometer, and pyroelectric; while photo detectors are subcategorized into indium gallium arsenide, mercury cadmium telluride, and polycrystalline lead sulfide (PBS) & polycrystalline lead selenide (PBSE) type. On the basis of spectral range, it is classified into short-wave IR, medium-wave IR, and long-wave IR. Applications of IR detectors include aerospace & defense, industrial, medical, automotive, security, and consumer electronics. Geographically, the market analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies operating in this market include Texas Instruments Inc., Honeywell International Inc., Omron Corporation, Excelitas Technologies Corp., Hamamatsu Photonic K.K., FLIR Systems Inc., Murata Manufacturing Co., Ltd., Raytheon Company, Sofradir, and Nippon Avionics.
POTENTIAL BENEFITS FOR STAKEHOLDERS
Comprehensive analysis of the current trends and future estimations of the world infrared detector market is discussed.
The report provides a competitive scenario of the market with growth trends, structure, drivers, scope, opportunities, and challenges.
The report includes a comprehensive analysis of key segments to provide insights on the market dynamics.
Porter’s Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
Value chain analysis provides key inputs on the role of stakeholders involved at various stages.
The world infrared detector market is segmented based on type, spectral range, application, and geography.
Indium Gallium Arsenide
Mercury Cadmium Telluride
Polycrystalline lead sulfide (PbS) & polycrystalline lead selenide (PbSe)
BY SPECTRAL RANGE
Aerospace & Defense
Rest of Europe
Rest of Asia-Pacific
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry
3.4. MARKET SHARE ANALYSIS, 2015
3.5. INFRARED DETECTOR MARKET: VALUE CHAIN ANALYSIS
3.6. MARKET DYNAMICS
CHAPTER 4 GLOBAL INFRARED DETECTOR MARKET, BY TYPE
4.1.1. Market size and forecast
4.2. THERMAL DETECTOR
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.3. PHOTO DETECTOR
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
CHAPTER 5 GLOBAL INFRARED DETECTOR MARKET, BY SPECTRAL RANGE
5.1.1. Market size and forecast
5.2. SHORT-WAVE IR
5.2.1. Key market trends
5.2.2. Growth factors and opportunities
5.2.3. Market size and forecast
5.3. MEDIUM-WAVE IR
5.3.1. Key market trends
5.3.2. Growth factors and opportunities
5.3.3. Market size and forecast
5.4. LONG-WAVE IR
5.4.1. Key market trends
5.4.2. Growth factors and opportunities
5.4.3. Market size and forecast
CHAPTER 6 GLOBAL INFRARED DETECTOR MARKET, BY APPLICATION
6.1.1. Market size and forecast
6.2. AEROSPACE & DEFENSE
6.2.1. Key market trends
6.2.2. Growth factors and opportunities
6.2.3. Market size and forecast
6.3.1. Key market trends
6.3.2. Growth factors and opportunities
6.3.3. Market size and forecast
6.4.1. Key market trends
6.4.2. Growth factors and opportunities
6.4.3. Market size and forecast
6.5.1. Key market trends
6.5.2. Growth factors and opportunities
6.5.3. Market size and forecast
6.6.1. Key market trends
6.6.2. Growth factors and opportunities
6.6.3. Market size and forecast
6.7. CONSUMER ELECTRONICS
6.7.1. Key market trends
6.7.2. Growth factors and opportunities
6.7.3. Market size and forecast
CHAPTER 7 GLOBAL INFRARED DETECTOR MARKET, BY GEOGRAPHY
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Growth factors and opportunities
7.2.3. Market size and forecast
220.127.116.11. Market size and forecast
18.104.22.168. Market size and forecast
22.214.171.124. Market size and forecast
7.3.1. Key market trends
7.3.2. Growth factors and opportunities
7.3.3. Market size and forecast
126.96.36.199. Market size and forecast
188.8.131.52. Market size and forecast
184.108.40.206. Market size and forecast
7.3.7. Rest of Europe
220.127.116.11. Market size and forecast
7.4.1. Key market trends
7.4.2. Growth factors and opportunities
7.4.3. Market size and forecast
18.104.22.168. Market size and forecast
22.214.171.124. Market size and forecast
126.96.36.199. Market size and forecast
7.4.7. Rest of Asia-Pacific
188.8.131.52. Market size and forecast
7.5. LAMEA (LATIN AMERICA MIDDLE-EAST AND AFRICA)
7.5.1. Key market trends
7.5.2. Growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Latin America
184.108.40.206. Market size and forecast
7.5.5. Middle East
220.127.116.11. Market size and forecast
18.104.22.168. Market size and forecast
CHAPTER 8 COMPANY PROFILES
8.1. TEXAS INSTRUMENTS INC.
8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategic moves and developments
8.2. HONEYWELL INTERNATIONAL INC.
8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategic moves and developments
8.3. OMRON CORPORATION
8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategic moves and developments
8.4. EXCELITAS TECHNOLOGIES CORP.
8.4.1. Company overview
8.4.2. Key strategic moves and developments
8.5. HAMAMATSU PHOTONICS K.K.
8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategic moves and developments
8.6. FLIR SYSTEMS, INC.
8.6.1. Company overview
8.6.2. Operating business segments
8.6.3. Business performance
8.6.4. Key strategic moves and developments
8.7. MURATA MANUFACTURING CO., LTD.
8.7.1. Company overview
8.7.2. Operating business segments
8.7.3. Business performance
8.8. RAYTHEON COMPANY
8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategic moves and developments
8.9.1. Company overview
8.9.2. Key strategic moves and developments
8.10. NIPPON AVIONICS CO., LTD.
8.10.1. Company overview
8.10.2. Key strategic moves and developments
The photo infrared detectors accounted for about 61% of the overall infrared detector market in 2014. Higher accuracy and fast response of photo infrared detectors led this segment to dominate the overall infrared detector market. However, thermal infrared detector segment is expected to register a CAGR of 11.6 % and demonstrate significant growth during the forecast period. This is due to the low cost and less maintenance as many renowned companies have launched advanced technology products. Moreover, North America has contributed significantly in the photo infrared detector segment.
Even though, North America contributed towards the maximum revenue share in 2014. Asia-Pacific is expected to show highest CAGR during the forecast period. This could be attributed to various factors including increase in the security concerns in residential and industrial sectors and numerous government initiatives. Moreover, improvement in aerospace & defense technologies has boosted the installation of infrared detectors in Asian countries, particularly in China, Japan, and India.
However, Asia-Pacific is projected to be the fastest growing region throughout the analysis period. China has the biggest market for infrared detector manufacturers and consumers. Moreover, surge in manufacturing industry activities and increased expenditures in the emerging markets, such as Japan and India, to satisfy the exponential growth in security concerns have strengthened the market growth. Technological advancements for cost-effective infrared detectors in these nations offer lucrative opportunity for the infrared detectors market.
Key findings of Infrared Detector Market:
The photo infrared detector type led the overall infrared detector market revenue in 2014, and it is projected to grow at a CAGR of 8.5% during the forecast period
Long-Wave IR segment is expected to exhibit rapid growth
North America led the world infrared detector market, but Asia-Pacific is expected to lead the market in2022
China led the overall Asia-Pacific infrared detector market with about one-third of the market shares in the region
The key players in the infrared detector market are dedicated to expand their business operations in the emerging countries with acquisition and product launch as a preferred strategy. The major players profiled in this report include Texas Instruments Inc., Honeywell International Inc., Omron Corporation, Excelitas Technologies Corp., Hamamatsu Photonic K.K., FLIR Systems Inc., Murata Manufacturing Co., Ltd., Raytheon Company, Sofradir, and Nippon Avionics.
- Texas Instruments Inc.
- Honeywell International Inc.
- Omron Corporation
- Excelitas Technologies Corp.
- Hamamatsu Photonic K.K.
- FLIR Systems Inc.
- Murata Manufacturing Co., Ltd.
- Raytheon Company
- Nippon Avionics
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