IR Detector Market worth $704.8 Million by 2020

According to a new report "IR Detector Market by Technology (MCT, InGaAs, Pyroelectric, Thermopyle, Microbolometer), Application (People & Motion Sensing, Temperature Measurement, Fire & Gas Detection, Spectroscopy), Spectral Range (S/M/LWIR) & by Geography - Global Forecast to 2013 - 2020", the total market is expected to reach $704.8 Million by 2020 growing at a CAGR of 11.9% from 2014 to 2020.

Another segment which has a high potential in the IR detector market is ‘spectroscopy’. The APAC region, followed by the Americas, will be the key regions driving the market in the coming years. The U.S. and Japan are the two countries, which are key growth markets for temperature measurement, and people and motion sensing applications.

People and motion sensing was the largest contributor to the IR detector market in 2013. High focus on security at commercial spaces like hotels, airports, hospitals, and offices is expected to drive the market of presence detection products. IR detectors used in these applications are mainly ‘Thermopyles’ and ’Pyroelectric’ technologies, which are very low priced. Motion sensing in consumer electronics applications like tablets and smart TVs, and smartphones is also expected to drive the market. MCT and InGaAs technologies are currently popular in military applications, with new product developments in the coming years, these technologies will find greater application in bio medical imaging and spectroscopy.

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The temperature measurement segment holds the key for an exponential growth of the IR detector market;ear, forehead thermometry, and the digital thermopiles for non-contact temperature measurement are some of the key applications which are expected to drive the market. Newer applications like temperature measurement inside smartphones, hard discs, and printers will also be fueling the growth of this market.The prominent company which is involved in Thermopyles technology is Excelitas (U.S.).

Browse more than 76 market data tables with 45 figures spread through 190 pages and in-depth TOC on "IR Detector Market" 
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The rising security concerns and the growth in the demand of 'contact less temperature measurement' and 'motion sensing' in consumer electronics application - have boosted the IR Detector Market. In the overall IR Detector Market, the people and motion sensing application is expected to be the highest revenue generator and lead the market, from the demand side. The APAC region will lead the IR detector market with regards to the people and motion sensing and temperature measurement applications; the Americas and Europe will follow shortly.

The IR detector report's detailed segmentation by technology, by applications, by spectral range and by geography - covers all the existing and emerging technologies in the IR detector market. The major technologies that have been extensively covered in the report are the MCT, InGaAs, Thermopyle, Pyroelectric, and Microbolometers. The IR detector market is segmented by applications such as: people and motion sensing, temperature measurement, fire and gas detection, spectroscopy, bio medical imaging, smart homes, and others.

The IR Detector Market has also been segmented by spectral range, which includes : Short Wave Infrared (SWIR), Mid Wave Infrared (MWIR), and Long Wave Infrared (LWIR). One of the key objectives of the research study was to analyze the market trends for each of the four regions; namely: the Americas, Europe, APAC, and ROW.

The report gives a brief overview of the global market in the present scenario, and discusses the history and evolution; and covers the detector market by technology, spectral range, application, and geography. Each classification done for the global market comprises an extensive segmentation with market estimates and forecasts for each sub-market. The report analyzes the entire IR detector industry’s value chain.

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Apart from the market segmentation, the report also includes qualitative analysis of the market like the Porter's five force analysis;and market dynamics such as the drivers, restraints, opportunities, winning imperatives, and the burning issues with respect to the overall IR detector market.

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