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Asia-Pacific IR Detector Market worth $264.3 million by 2019


The Report “Asia-Pacific IR Detector Market by Technology (Mercury Cadmium Telluride, Indium Gallium Arsenide, Pyroelectric, Thermopiles & Microbolometers), by Spectral Range, by Application, & by Geography Analysis & Forecast to 2019” is estimated to reach worth $264.3 million by 2019, growing at a CAGR of 13.1% from 2014 to 2019.

                                             

Browse through the TOC of the Asia-Pacific IR Detector Market for an analysis of industry trends and segments, with the help of various tables and figures.

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The Asia-Pacific IR detector market has been segmented on the basis of technologies, types, and applications. The type segment of this market comprises mercury cadmium telluride (MCT), microbolometer, thermopile, pyroelectric, and indium gallium arsenide (InGaAs). The market has been further segmented by application, namely people and motion sensing, temperature measurement, fire and gas detection, spectroscopy, biomedical imaging, and smart homes. On the basis of technologies, the market has been segmented into long-wave, short-wave, and mid-wave IR.

Countries contributing towards the IR detector market in Asia-Pacific are China, Japan, and Taiwan. Currently, Japan is considered to be a huge market for IR detectors due to its large manufacturing base of IR detectors, which exports them across the globe. Major companies operational in the production of IR detectors are Murata Manufacturing (Japan) and Nicera (Japan).

It is expected that the cost of IR detectors will drastically reduce in the Asia-Pacific region during the forecast period, mainly due to product developments and application of product technologies like MCT and InGaAs. This rapid reduction in the cost of IR detector is expected to expand the use of IR detectors in many applications, such as spectroscopy, biomedical imaging, and automotive applications. Automotive companies and tier one component suppliers are expected to install IR detectors in the high and mid-range cars for driver vision enhancement.

In the Asia-Pacific IR detector market, people and motion sensing is the fastest growing application due to evolving technology. Original Equipment Manufacturers (OEMs) are increasingly moving towards gesture recognition technology adoption, due to which this application segment is expected to grow at a CAGR of 14.5% during the forecast period.

The report also includes market share and value chain analysis, along with market metrics such as drivers & restraints. In addition, it presents the competitive landscape and company profiles of the key players in the market.

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