(PRWEB) April 04, 2014
According to a new market research report "IR Detector Market by Technology (MCT, InGaAs, Pyroelectric, Thermopyle, Micro bolometer), Application (People & Motion Sensing, Temperature Measurement, Fire & Gas Detection, Spectroscopy), Spectral Range (S/M/LWIR) & by Geography - Global Forecast to 2013 – 2020", published by MarketsandMarkets, the total market is expected to reach $704.8 Million by 2020 growing at a CAGR of 11.9% from 2014 to 2020.
Browse more than 76 market data tables with 45 figures spread through 190 pages and in-depth TOC on "IR Detector Market "
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The rising security concerns and the growth in the demand of ‘contact less temperature measurement’ and ‘motion sensing’ in consumer electronics application - have boosted the IR detector market. In the overall IR detector market, the people and motion sensing application is expected to be the highest revenue generator and lead the market, from the demand side. The APAC region will lead the IR detector market with regards to the people and motion sensing and temperature measurement applications; the Americas and Europe will follow shortly.
The IR detector report’s detailed segmentation by technology, by applications, by spectral range and by geography - covers all the existing and emerging technologies in the IR detector market. The major technologies that have been extensively covered in the report are the MCT, InGaAs, Thermopyle, Pyroelectric, and Microbolometers.
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The IR detector market is segmented by applications such as: people and motion sensing, temperature measurement, fire and gas detection, spectroscopy, bio medical imaging, smart homes, and others.
The IR detector market has also been segmented by spectral range, which includes: Short Wave Infrared (SWIR), Mid Wave Infrared (MWIR), and Long Wave Infrared (LWIR).
One of the key objectives of the research study was to analyze the market trends for each of the four regions; namely: the Americas, Europe, APAC, and ROW.
Apart from the market segmentation, the report also includes qualitative analysis of the market like the Porter’s five force analysis and market dynamics such as the drivers, restraints, opportunities, winning imperatives, and the burning issues with respect to the overall IR detector market.
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