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


   December 29 2016

According to a new market report published by Lucintel, the future of the infrared sensor market looks promising with opportunities in consumer electronics, smart homes, industrial, commercial, and military & defense sectors. The global infrared sensor 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 sensor. Pyroelectric sensor is expected to remain the largest sensor 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 sensor market, people and motion sensing is expected to remain the largest segment due to increasing usage of infrared sensors 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 sensor. Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of infrared sensors in smart homes and increasing use of infrared sensors 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 sensor suppliers. 

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global infrared sensor market by sensor type, end use industry, and region and has come up with a comprehensive research report entitled “Global Infrared Sensor 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 sensor market by sensor type, end use industry, 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 sensor 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 160-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 click on this link http://www.lucintel.com/global_infrared_detector_market_2016.aspx or   helpdesk@lucintel.com.


About Lucintel

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.

 

This report answers following 11 key questions:

 

Q.1 What are some of the most promising potential, high-growth opportunities for global infrared sensor market by end use industry (people and motion sensing, temperature measurement, industrial, spectroscopy and biomedical imaging, HVAC, smart home, and others), type (pyroelectric, thermopile, microbolometer, InGaAs, MCT, and others), wavelength (short-wave, medium-wave, and long-wave), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material / product substitution?

Q.11 What M&A activities have occurred in the last 5 years?

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