Posted in | News | Light / Image Sensor

Research and Markets Adds Global IR Detector Market to its Offering

May 21 2014

Research and Markets has announced the addition of the "IR Detector Market by Technology, Application, Spectral Range & by Geography - Global Forecast to 2013 - 2020" report to their offering.

The global market value was estimated to be nearly $321.4 Million in2013. It is expected to reach $704.8 Million by 2020, at a CAGR of 11.9% from 2014-2020.

Thermopyle technology market is estimated to have the largest market share and will be mainly driven by the people and motion detection, and temperature measurement applications in the coming years.

The IR detector market application is gaining market penetration by leaps and bounds; and new technologies with respect to this market are evolving daily. These detectors are becoming the core of consumer electronics devices like smart phones, smart TVs, and tablets; which are making our daily life easier and productive. Thanks to the advancement in the technologies, it is now possible to leverage higher technologies for processing a heap of data, and making systems around us smarter and responsive for our daily needs.

The single largest driver for the market is the lowering of the price in the coming years. Development of IR detectors in terms of size, weight, and power is also expected to drive the market. This report focuses on giving a bird's eye-view on the complete market; from the short wave infrared to long wave infrared, with regards to the products market, with detailed market segmentations; combined with the qualitative analysis of each and every aspect of the market on the basis of application and geography. All the numbers, in terms of the revenue, at every level of detail, are forecasted till 2020, to give a glimpse of the potential revenue in this market.

The key players in the IR detector market are: