Opportunities for the global infrared detector market to reach $422.6 million by 2021

According to a new market report published by Lucintel, the future of the infrared detector market looks promising with opportunities in consumer electronics, smart homes, industrial, commercial, and military & defense sectors. The global infrared detector market is expected to reach an estimated $422.6 million by 2021 and is forecast to grow at a CAGR of 8.7% from 2016 to 2021. The major drivers of growth for this market are increased demand for smartphones and tablets, rising concern about safety and security, and increasing automation in the building and industrial sector.
In this market, pyroelectric, thermopile, microbolometer, indium gallium arsenide (InGaAs), mercury cadmium telluride (MCT) are the major infrared detector. Pyroelectric infrared detector is expected to remain the largest detector type due to the increasing demand for people motion sensing in the commercial building and gas and flame detection in the industrial facilities. Lucintel predicts that the demand for microbolometer is likely to experience the highest growth in the forecast period supported by increasing demand in smart home.
Within the infrared detector market, people and motion sensing is expected to remain the largest segment due to increasing usage of infrared detectors for people counting and motion detection in the commercial sector. Lucintel predicts that the demand for smart home is likely to experience the highest growth in the forecast period, supported by increasing demand for consumer convenience, safety and security, and the rising need for energy efficiency.
Asia Pacific is expected to remain the largest region and to witness the highest growth over the forecast period because of an increase in demand of smartphone, tablets, and smart TVs, and growth in industrial and home automation.
For business expansion, the report suggests innovation and new product development to provide greater accuracy and to reduce cost of detector. Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of infrared detectors in smart homes and increasing use of infrared detectors for night vision and surveillance. Excelitas Technologies Corporation, Hamamatsu Photonics, FLIR Systems Inc., Murata Manufacturing Co. Ltd., and Texas Instruments Inc. are among the major infrared detector suppliers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global infrared detector market by detector type, end use industry, by wavelength and region and has come up with a comprehensive research report entitled “Global Infrared Detector Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the infrared detector market by detector type, end use industry, by wavelength, and region as follows:
By end use industry [Volume (Million Units) and $M shipment analysis from 2010 to 2021]:
• People and Motion Sensing
• Temperature Measurement
• Spectroscopy and Biomedical Imaging
• HVAC
• Smart Home
• Others
By detector type [$M shipment analysis from 2010 to 2021]:
• Pyroelectric
• Thermopile
• Microbolometer
• InGaAs (Indium Gallium Arsenide)
• MCT (Mercury Cadmium Telluride)
• Others

By Wavelength [$M shipment analysis from 2010 to 2021]:
• Short-Wave
• Medium-Wave
• Long-Wave

By region [$M shipment analysis from 2010 to 2021]:
• North America
• Europe
• Asia Pacific
• Rest of World
This 109-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Telecommunication Report, Telecommunication Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Lucintel LLC
222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA
+1-972-636-5056
marketing@lucintel.com

This release was published on openPR.