Infrared Detector Market Research Report

1. Report Title Infrared Detector Market Research Report GMI Research GMI Research See the Future Insights 1

2. Infrared Detector Market: As per the GMI Research's latest analysis, Global Infrared Detector Market reveals that the market is slated to register a higher CAGR during the forecast period. This is mainly attributed to the accelerating industrial sector, economic incentives for the defense industry, and government investment. Request for a FREE Sample Report on Infrared Detector Market Infrared Detector Market’s leading Manufacturers: •Excelitas Technologies Corp. •Hamamatsu Photonics •NICERA •FLIR Systems, Inc. •Murata Manufacturing Co., Ltd. •OMRON Corporation •Texas Instruments Incorporated •Lynred •InfraTec GmbH •TE Connectivity Infrared Detector Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis) Key Drivers The accelerating industrial sector, economic incentives for the defense industry, and government investment are the key drivers contributing to the growth of the infrared detector market size. For example, the government of India declared to take various steps to attract investment in 2020 in defense manufacturing to generate world-class military platforms and weapons systems. Infrared detectors are highly effective compared to other detectors for security and tracking purposes due to their compact size and capability to detect infrared light from a far distance. Moreover, the rising usage of infrared detectors in industrial and manufacturing applications and strong demand for consumer electronics like smartphones and tablets are some other factors surging the growth of the global infrared detector market. In addition to this, the strong penetration of infrared technology for fire detection and gas analysis. They are also utilized in industrial plants to track the efficient functioning of motors, boilers, bearings, and electrical peripherals. These factors are projected to propel the growth of the global infrared detector market. Infrared detectors are comparatively costlier than other detectors, including reflective motion sensors, microwave sensors, and ultrasonic motion sensors, among others, 2

3. owing to their need for additional semiconductor components and cooling techniques. In addition to this, excessive air turbulence and changes in temperature will impact the performance of infrared detectors. Infrared detectors detect infrared images on the basis of the variation in temperature of objects, and they may not be able to recognize the differences in objects having the same temperatures. These factors hinder the growth of the global infrared detector market. Application Segment Drivers Based on the application, people & motion sensing is predicted to rise at a higher CAGR during the forecast period due to the increasing usage of infrared detectors in people & motion sensing. Furthermore, the rising use of infrared detectors in places that include retail shops, libraries, airports, homes, and museums for counting individuals and motion detection is further boosting the growth of the market. Moreover, the growth in the deployment of smart home devices, in which infrared detectors provide numerous benefits, like intrusion detection and occupancy detection, play an important part in fuelling the growth of the market. Infrared Detector Market Segmentation: Segmentation by Type: •Thermal Detector •Photo Detector Segmentation by Spectral Range: •Short-Wave IR •Medium-Wave IR •Long-Wave IR Segmentation by Application: •People & Motion Sensing •Temperature Management •Security & Surveillance •Gas & Fire Detection •Spectroscopy & Biomedical Imaging •Scientific Applications Segmentation by End-Use Industry: •Aerospace & Defense •Industrial •Medical •Automotive •Security •Consumer Electronics 3

4. Segmentation by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most PromisingMarket Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve. Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash 4

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