Description :
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 .
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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 .
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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 .
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