Infrared Detector Market by Types, Spectral Range Infrared Detector Market by Types, Spectral Range | Page 3

Introduction to Infrared Detector Market

• 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