A recent report published by Infinium Global Research on infrared detectors market provides in depth analysis of segments and sub-segments in global as well as regional markets of infrared detectors market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional markets of infrared detectors over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global infrared detectors market. According to report the global infrared detectors market is projected to grow at a CAGR of 8.8% over the forecast period of 2018 - 2024.
Rising demands for consumer appliances such as smart phones, TVs and tablets are expected to drive the sales of infrared detectors market. Additionally, high demand for security at commercial environment such as airport offices and hotels are driving the growth of the market. However, stringent government regulations and high cost technologies such as mercury cadmium telluride and Indium gallium arsenide are likely to restrain the growth of the market over the forecast period. Moreover, factors such as lower price of IR detectors and use of night vision ability in military applications are supporting the growth of IR detectors market over the upcoming years.
The report on global infrared detectors market covers segments such as wavelength, technology and application. The wavelength segments include short-wave infrared, medium-wave infrared and long-wavelength infrared. On the basis of technology the global infrared detectors market is categorized into uncooled if detector technology and cooled if detector technology. Furthermore, on the basis of application the infrared detectors market is segmented as industrial, automotive, temperature measurement, smart home, people and motion sensing, military and defense, spectroscopy & biomedical imaging and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016 – 2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 - 2024.
The report provides profiles of the companies in the global infrared detectors market such as, Honeywell International Inc, Flir Systems Inc., Hamamatsu Photonic K.K., Texas Instruments Inc, Murata Manufacturing Co., Ltd., Excelitas Technologies Corp., Omron Corporation. , Sephardi, Nippon Ceramic Co., Ltd., and Raytheon Company.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global infrared detectors market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of infrared detectors market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the infrared detectors market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the infrared detectors market to understand the present and future trends in this market and formulate their strategies accordingly.
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