Infrared Detector Market Growth, Share, Size, Trends, Revenue and Future Competition 2032
Infrared Detector Market Size- By Type, By Spectral Range, By Application, By Technology, By Wavelength, By Vertical - Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: SEMI2306 | Pages: 1 - 237 | Formats*: |
| Category : Semiconductor and Electronics | |||
Infrared Detector Market Introduction and Overview
According to SPER Market Research, the Global Infrared Detector Market is estimated to reach USD 0.88 billion by 2032 with a CAGR of 7.03%.
The report includes an in-depth analysis of the Global Infrared Detector Market, including market size and trends, product mix, distribution channels, and supplier analysis. A specialized equipment designed to sense and detect infrared radiation, which is a type of electromagnetic radiation with wavelengths longer than visible light but shorter than microwaves. These detectors work on the assumption that all objects produce infrared radiation according to their temperature. The thermal infrared detector is the most popular type of infrared detector, which employs a sensitive substance that absorbs incoming infrared radiation and converts it into an electrical signal. The electrical characteristics of the material change as the absorbed radiation heats it, producing a signal that can be processed and studied.
- Increasing need for security and surveillance: Because of its capacity to detect thermal signatures, infrared detectors are frequently employed in security and surveillance systems, making them vital for recognizing intruders or strange actions in low-light or night-time circumstances. Infrared detectors are in high demand due to the increasing need for increased security measures in residential, business, and public places.
- Rising demands for thermal imaging cameras: The popularity of thermal imaging cameras for diverse applications such as predictive maintenance, building inspections, firefighting, and medical diagnostics has boosted the demand for high-performance infrared detectors.
Market Opportunities and Challenges
The global infrared detector market offers significant opportunities as well as significant challenges to industry participants. On an opportunity side, the growing use of infrared detectors in a variety of industries, including security, automotive, industrial, and medical, presents a promising market scenario. Continuous developments in infrared detector technology, such as increased sensitivity, lower power consumption, and smaller form factors, open the door to new and inventive applications. Demand for infrared detectors in industrial automation and smart manufacturing is likely to expand as industries continue to prioritize automation and efficiency. Furthermore, increased awareness of the benefits of thermal imaging cameras in predictive maintenance, building diagnostics, and healthcare opens up new market potential.
However, the market for infrared detectors faces several challenges. One of the primary issues is the expense. Although technological developments have resulted in cost reductions, high-performance infrared detectors can still be expensive, limiting their use in cost-sensitive applications. To make their products more accessible to a wider user base, manufacturers must prioritize scalability and cost minimization. Furthermore, competition from alternative sensing technologies, such as ultrasonic and radar sensors, may impede market expansion. To differentiate oneself in a competitive sensor industry, market competitors must emphasize the specific characteristics of infrared detectors, such as their capacity to detect temperature variations and thermal signatures.
Market Competitive Landscape
The infrared detector market's competitive landscape is dynamic, with technological breakthroughs, industry-specific solutions, regional competition, and a continuing drive for innovation. Companies who can adapt to changing market demands, utilize cutting-edge technology, and give exceptional customer service will thrive in this competitive environment. Some of the market companies are Excelitas Technologies Corporation, Flir Systems, Hamamatsu Photonics K. K, Honeywell International Inc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Spectral Range, By Application, By Technology, By Wavelength, By Vertical |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Excelitas Technologies Corporation, Flir Systems, Hamamatsu Photonics K. K, Honeywell International Inc., Murata Manufacturing Co. Ltd, Nippon Avionics Co. Ltd, Omron Corporation, Raytheon Company, Sofradir, Texas Instruments Inc. |
COVID-19 Impact on Global Infrared Detector Market
The COVID-19 pandemic had both beneficial and negative effects on the global infrared detector industry. During the early stages of the pandemic, supply chain interruptions, travel restrictions, and plant closures hampered production and delivery. Furthermore, the temporary closure of non-essential firms, as well as the worldwide economic slump, resulted in lower demand for infrared detectors across a variety of industries, reducing sales and revenue.
However, as the pandemic progressed, certain industries saw an increase in demand for infrared detectors. Infrared thermometers and thermal imaging cameras received a lot of attention because of their non-contact temperature monitoring capabilities, which were vital in screening people for fever and identifying probable COVID-19 cases.
Key Target Audience:
- Research and Development Institutions
- Manufacturers and Suppliers
- System Integrators and OEMs
- Government Agencies and Defence
- Regulatory and Standardization Bodies
Our in-depth analysis of the Infrared Detector Market includes the following segments:
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Key Topics Covered in the Report:
- Global Infrared Detector Market Size (FY’2022-FY’2032)
- Description of Global Infrared Detector Market
- Segmentation of Global Infrared Detector Market By Type (Thermal Detector, Photo Detector)
- Segmentation of Global Infrared Detector Market By Spectral Range (Long-wave IR, Medium-wave IR, Short-wave-IR)
- Segmentation of Global Infrared Detector Market By Application (Aerospace & Defence, Automotive ,Consumer Electronics ,Industrial ,Medical Security)
- Segmentation of Global Infrared Detector Market By Technology (Indium Gallium Arsenide, Mercury Cadmium Telluride, Microbolometer, Pyroelectric, Thermopile, Others)
- Segmentation of Global Infrared Detector Market By Wavelength (LWIR, MWIR, NIR AND SWIR)
- Segmentation of Global Infrared Detector Market By Vertical (Industrial, Non-Industrial)
- Statistical Snap of Global Infrared Detector Market
- Expansion Analysis of Global Infrared Detector Market
- Problems and Obstacles in Global Infrared Detector Market
- Competitive Landscape in the Global Infrared Detector Market
- Impact of COVID-19 and Demonetization on Global Infrared Detector Market
- Details on Current Investment in Global Infrared Detector Market
- Competitive Analysis of Global Infrared Detector Market
- Prominent Players in the Global Infrared Detector Market
- SWOT Analysis of Global Infrared Detector Market
- Global Infrared Detector Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Infrared Detector Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Infrared Detector Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Infrared Detector Market
7. Global Infrared Detector Market, By Type, 2019-2032 (USD Million)
7.1 Thermal Detector7.2 Photo Detector
8. Global Infrared Detector Market, By Spectral Range, 2019-2032 (USD Million)
8.1 Long-wave IR8.2 Medium-wave IR8.3 Short-wave IR
9. Global Infrared Detector Market, By Application, 2019-2032 (USD Million)
9.1 Aerospace & Defence9.2 Automotive9.3 Consumer Electronics9.4 Industrial9.5 Medical9.6 Security
10. Global Infrared Detector Market, By Technology, 2019-2032 (USD Million)
10.1 Indium Gallium Arsenide10.2 Mercury Cadmium Telluride10.3 Microbolometer10.4 Pyroelectric10.5 Thermopile10.6 Others
11.Global Infrared Detector Market, By Wavelength, 2019-2032 (USD Million)
11.1 LWIR11.2 MWIR11.3 NIR AND SWIR
12.Global Infrared Detector Market, By Vertical, 2019-2032 (USD Million)
12.1 Industrial12.2 Non-Industrial
13.Global Infrared Detector Market, By Region, 2019-2032 (USD Million)
13.1 Global Infrared Detector Market Size and Market Share by Region (2019-2025)13.2 Global Infrared Detector Market Size and Market Share by Region (2026-2032)13.3 Asia-Pacific
13.3.1 Australia13.3.2 China13.3.3 India13.3.4 Japan13.3.5 South Korea13.3.6 Rest of Asia-Pacific
13.4 Europe
13.4.1 France13.4.2 Germany13.4.3 Italy13.4.4 Spain13.4.5 United Kingdom13.4.6 Rest of Europe
13.5 Middle East and Africa
13.5.1 Kingdom of Saudi Arabia13.5.2 United Arab Emirates13.5.3 Rest of Middle East & Africa
13.6 North America
13.6.1 Canada13.6.2 Mexico13.6.3 United States
13.7 Latin America
13.7.1 Argentina13.7.2 Brazil13.7.3 Rest of Latin America
14.Company Profiles
14.1 Excelitas Technologies Corporation
14.1.1 Company details14.1.2 Financial outlook14.1.3 Product summary14.1.4 Recent developments
14.2 Flir Systems
14.2.1 Company details14.2.2 Financial outlook14.2.3 Product summary14.2.4 Recent developments
14.3 Hamamatsu Photonics K.K
14.3.1 Company details14.3.2 Financial outlook14.3.3 Product summary14.3.4 Recent developments
14.4 Honeywell International Inc.
14.4.1 Company details14.4.2 Financial outlook14.4.3 Product summary14.4.4 Recent developments
14.5 Murata Manufacturing Co.Ltd
14.5.1 Company details14.5.2 Financial outlook14.5.3 Product summary14.5.4 Recent developments
14.6 Nippon Avionics Co.Ltd
14.6.1 Company details14.6.2 Financial outlook14.6.3 Product summary14.6.4 Recent developments
14.7 Omron Corporation
14.7.1 Company details14.7.2 Financial outlook14.7.3 Product summary14.7.4 Recent developments
14.8 Raytheon Company
14.8.1 Company details14.8.2 Financial outlook14.8.3 Product summary14.8.4 Recent developments
14.9 Sofradir
14.9.1 Company details14.9.2 Financial outlook14.9.3 Product summary14.9.4 Recent developments
14.10 Texas Instruments Inc
14.10.1 Company details14.10.2 Financial outlook14.10.3 Product summary14.10.4 Recent developments
15.List of Abbreviations
16.Reference Links
17.Conclusion
18.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Infrared Detector Market is projected to reach USD 0.88 billion by 2032, growing at a CAGR of 7.03% during the forecast period.
Infrared Detector Market grew in market size from 2021. The Market is expected to reach USD 0.88 billion by 2032, at a CAGR of 7.03% during the forecast period.
Infrared Detector Market CAGR of 7.03% during the forecast period.
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Infrared Detector Market size is USD 0.88 billion from 2022 to 2032.
Infrared Detector Market Segment is Covered By Type, By Spectral Range, By Application, By Technology, By Wavelength, By Vertical.
The North America region is anticipated to have the highest market share in the Infrared Detector Market.
The key players in the market include Companies Covered Excelitas Technologies Corporation, Flir Systems, Hamamatsu Photonics K. K, Honeywell International Inc., Murata Manufacturing Co. Ltd, Nippon Avionics Co. Ltd, Omron Corporation, Raytheon Company, Sofradir, Texas Instruments Inc.
The pandemic has led to widespread disruptions in supply chains, manufacturing operations, and distribution networks, which has resulted in a decline in demand for infrared detectors in some regions.
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