Market Trends of Infrared Detector Industry
This section covers the major market trends shaping the Infrared Detector Market according to our research experts:
People and Motion Sensing Application is Anticipated to Lead the Market
- The infrared detector is mainly used in the people and motion sensing applications and is anticipated to the lead the overall market during the forecast period. The increasing use of infrared detectors in places, such as retail shops, airports, homes, museums, and libraries for counting people and motion detection had contributed to its dominance in the market.
- An increase in the deployment of smart homes devices may augment the need for infrared detectors. In homes, infrared detectors serve two primary purposes: intrusion detection and occupancy detection.
- Occupancy-related infrared detectors identify a person’s presence by detecting the minor human body motions entering and leaving any of small fields of view. Intrusion-related sensors help to ignore the minor action, like pet movements and non-moving objects of changing temperature. Intrusion detectors can distinguish pets from people by size, not only by relative IR signal strength.
- Thus, the positive impact of infrared detectors may be enormous. Smart home systems provide an ideal use case because they cannot function without smart sensors. Thus, the aforementioned factors are expected to aid the growth of the infrared detectors market.
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Asia-Pacific is Expected to Witness the Highest Growth Rate
- The Asia-Pacific region is anticipated to witness the highest CAGR, of all the regions considered in the market studied, over the forecast period 2019-2024. The region is witnessing an increase in the demand for infrared detectors from the military and defense sectors and temperature measurement and industrial applications.
- Major countries contributing to the growth of infrared detector market in the region are Japan, China, India, and Taiwan. Additionally, Japan has a large manufacturing base of infrared detectors, which are exported worldwide.
- For instance, some of the major companies operating in the production of infrared detectors are Nicera (Japan) and Murata Manufacturing (Japan). The other driver fueling the growth of the market in the region is rising security concerns in the region.
- This reduction in the cost of the infrared detector is anticipated to expand the usage of IR detectors in many applications, such as biomedical imaging, spectroscopy, and automotive applications, in the region.
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