Feb 17, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Infrared Detector Market.
It was estimated prior to this unanticipated outbreak that the Infrared Detector Market is likely to witness an excellent CAGR of 6.3% during the forecast period. Gaining popularity of technology and rapid adoption of infrared detectors in various industries is likely to propel excellent growth in the market over the next five years.
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Infrared detector is used for detection of infrared lights. There are two main basic forms of infrared detectors viz. thermal and photonic. It is extensively used in still and video night vision cameras.
Infrared detector works on the principle of infrared radiation emitted by the component during which it releases heat to the atmosphere. The technique was first used in 1800 when a prism was used to detect infrared band.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the wavelength type, the market is segmented as near infrared and short-wave infrared, mid-wave infrared, and long-wave infrared. The long-wave infrared is likely to remain dominant in the market during the forecast period, owing to wider applicability in various industries with high demand from military & defense industry for security and surveillance applications.
Based on the end-user type, the infrared detector market is segmented as industrial and non-industrial. The non-industrial segment is estimated to remain the largest end-user of the market during the forecast period, driven by high demand from military & defense and residential & commercial sectors.
In terms of regions, North America is projected to remain the largest market over the next five years, with the USA being the key growth engine of the region’s market. The dominance of the region is attributed to large defense industry of the USA and rapid adoption of the technology by other non-industrial sectors of the region.
Key players operating in the global Infrared Detector market are-
- Excelitas Technologies Corp.
- Nippon Ceramic Co., Ltd.
- Hamamatsu Photonics K.K.
- Murata Manufacturing Co., Ltd.
- FLIR Systems, Inc.
- Texas Instruments Inc.
- Omron Corporation
- InfraTec GmbH
- TE Connectivity Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Infrared Detector analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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