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Infrared Detector Market by Type (Thermal Detector and Photo detector), Spectral Range (Short-Wave IR, Medium-Wave IR, and Long-Wave IR), Application (Aerospace & Defense, Industrial, Medical, Automotive, Security, and Consumer Electronics) - Global Opportunity Analysis and Industry Forecasts, 2017-2023
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SE_161771
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Pages: 180
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Dec
2016 |
3495 Views
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Author(s) :
Manish Chaurasiya & Himal Srivastava
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Tables: 44
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Charts: 61
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Formats*:
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Infrared Detector Market Overview:
Infrared Detector Market is expected to garner $466 million by 2022, registering a CAGR of 9.7% during the forecast period 2016 - 2022.
Infrared detector is used to detect infrared radiation to measure heat and detect motion. It is integrated with different devices used in surveillance, automobiles, testing, detection, and measurement. Infrared detectors that convert infrared radiation into electrical signal are one of the most significant group of sensors in defense system applications. These detectors also play a major role in applications such as medical, automotive, industrial, security, and consumer electronics. Fast growing industrial sector, government investment, and economic incentives for defense sector have further supported the growth of global infrared detector market. These are highly effective as compared to other detectors for safety and monitoring purposes due to their compact size and ability to detect infrared light from far distances. However, high installation cost and limited accuracy in certain conditions could limit the market growth. Technological advancements in the infrared detector technology and decline in prices in future could provide potential growth opportunities for the market.
Segment Overview:
The global infrared detector market is segmented on the basis of type, spectral range, application, and geography.
Global infrared detector market segmentation
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By type, photo infrared detectors dominated due to its wider application. Moreover, thermal detectors have been considerably less exploited in commercial and military systems. Among various spectral range, Long-Wave IR detectors dominated the global market due to their ability to sense thermal signs and provide excellent detection capability in low-light-level conditions.
Top Factors Impacting Global Infrared Detector Market
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Compatibility for Variety of Applications
Infrared detectors are recognized for their compatibility in various applications. They are used for security and monitoring purposes, non-contact temperature sensing, infrared gas analysis, flame detection, temperature control systems, detection of human presence, and infrared spectroscopy. In addition, they are also used in several every day events and can be found in houses, cars, and shopping malls.
High Cost and Limited Accuracy
Infrared detectors are more expensive than other detectors as they require additional semiconductor components for increased sensitivity. Cooling techniques also increase their overall cost. In addition, temperature change and extreme air turbulence may affect their performance. The environment needs to be clean, without dust, and less humid for more accurate results. Infrared detectors detect infrared images based on the temperature variations of objects so they cannot detect differences in objects that have a very similar temperature range. This leads to inaccuracy in many circumstances.
Asia-pacific is Expected to Be the Most Lucrative Market for Infrared Detectors
Asia-Pacific infrared detector market is expected to grow at the fastest CAGR during the forecast period owing to robust governmental support and a huge consumer electronic industry. Large scale adoption of the infrared detectors in the latest range of applications such as security, consumer electronics, and smart homes has fueled the market growth. Furthermore, the presence of various key companies have catalyzed the market.
Competitive Landscape
The report provides a comprehensive analysis of major market players such as Texas Instruments Inc., Honeywell International Inc., Omron Corporation, Excelitas Technologies Corp., Hamamatsu Photonic K.K., FLIR Systems Inc., Murata Manufacturing Co., Ltd., Raytheon Company, Sofradir, and Nippon Avionics and the prominent strategies adopted by them.
Top Winning Strategies
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Infrared detector market is largely driven by product launch and acquisition. For instance, Honeywell International Inc. and Omron Corporation have acquired local infrared detector manufacturer companies to enhance their global outreach and increase their market share. Moreover, expansion and agreement are other wining strategies adopted by key players.
Top Winning Strategies in Global Infrared Detector Market
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Key Benefits
- The study provides an in-depth analysis of the global infrared detector market to elucidate the prominent investment pockets in the market.
- Current and future trends are outlined to determine the overall market scenario and single out profitable trends
- The report provides information regarding key drivers, restraints, and opportunities with impact analysis
- Geographically, the market is analyzed based on four regions namely, North America, Europe, Asia-Pacific, and LAMEA
- Analysis of value chain is conducted for better understanding of the role of intermediaries
Infrared Detector Market Segmentation
The global infrared detector market is segmented based on type, spectral range, application, and geography.
By Type
- Thermal detector
- Thermopile
- Microbolometer
- Pyroelectric
- Photo detector
- Indium Gallium Arsenide
- Mercury Cadmium Telluride
- Polycrystalline lead sulfide (PbS) & polycrystalline lead selenide (PbSe)
By Spectral Range
- Short-Wave Infrared
- Medium-Wave Infrared
- Long-Wave Infrared
By Application
- Aerospace & Defense
- Industrial
- Medical
- Automotive
- Security
- Consumer Electronics
By Geography
- North America
- U.S.
- Mexico
- Canada
- Europe
- UK
- Germany
- Italy
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry
3.4. MARKET SHARE ANALYSIS, 2015
3.5. INFRARED DETECTOR MARKET: VALUE CHAIN ANALYSIS
3.6. MARKET DYNAMICS
3.6.1. Drivers
3.6.2. Restraints
3.6.3. Opportunities
CHAPTER 4 GLOBAL INFRARED DETECTOR MARKET, BY TYPE
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. THERMAL DETECTOR
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.3. PHOTO DETECTOR
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
CHAPTER 5 GLOBAL INFRARED DETECTOR MARKET, BY SPECTRAL RANGE
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. SHORT-WAVE IR
5.2.1. Key market trends
5.2.2. Growth factors and opportunities
5.2.3. Market size and forecast
5.3. MEDIUM-WAVE IR
5.3.1. Key market trends
5.3.2. Growth factors and opportunities
5.3.3. Market size and forecast
5.4. LONG-WAVE IR
5.4.1. Key market trends
5.4.2. Growth factors and opportunities
5.4.3. Market size and forecast
CHAPTER 6 GLOBAL INFRARED DETECTOR MARKET, BY APPLICATION
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. AEROSPACE & DEFENSE
6.2.1. Key market trends
6.2.2. Growth factors and opportunities
6.2.3. Market size and forecast
6.3. INDUSTRIAL
6.3.1. Key market trends
6.3.2. Growth factors and opportunities
6.3.3. Market size and forecast
6.4. MEDICAL
6.4.1. Key market trends
6.4.2. Growth factors and opportunities
6.4.3. Market size and forecast
6.5. AUTOMOTIVE
6.5.1. Key market trends
6.5.2. Growth factors and opportunities
6.5.3. Market size and forecast
6.6. SECURITY
6.6.1. Key market trends
6.6.2. Growth factors and opportunities
6.6.3. Market size and forecast
6.7. CONSUMER ELECTRONICS
6.7.1. Key market trends
6.7.2. Growth factors and opportunities
6.7.3. Market size and forecast
CHAPTER 7 GLOBAL INFRARED DETECTOR MARKET, BY GEOGRAPHY
7.1. OVERVIEW
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. U.S.
7.2.4.1. Market size and forecast
7.2.5. Canada
7.2.5.1. Market size and forecast
7.2.6. Mexico
7.2.6.1. Market size and forecast
7.3. EUROPE
7.3.1. Key market trends
7.3.2. Growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. U.K.
7.3.4.1. Market size and forecast
7.3.5. Germany
7.3.5.1. Market size and forecast
7.3.6. Italy
7.3.6.1. Market size and forecast
7.3.7. Rest of Europe
7.3.7.1. Market size and forecast
7.4. ASIA-PACIFIC
7.4.1. Key market trends
7.4.2. Growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. China
7.4.4.1. Market size and forecast
7.4.5. Japan
7.4.5.1. Market size and forecast
7.4.6. India
7.4.6.1. Market size and forecast
7.4.7. Rest of Asia-Pacific
7.4.7.1. Market size and forecast
7.5. LAMEA (LATIN AMERICA MIDDLE-EAST AND AFRICA)
7.5.1. Key market trends
7.5.2. Growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Latin America
7.5.4.1. Market size and forecast
7.5.5. Middle East
7.5.5.1. Market size and forecast
7.5.6. Africa
7.5.6.1. Market size and forecast
CHAPTER 8 COMPANY PROFILES
8.1. TEXAS INSTRUMENTS INC.
8.1.1. Company overview
8.1.2. Operating business segments
8.1.3. Business performance
8.1.4. Key strategic moves and developments
8.2. HONEYWELL INTERNATIONAL INC.
8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Business performance
8.2.4. Key strategic moves and developments
8.3. OMRON CORPORATION
8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Business performance
8.3.4. Key strategic moves and developments
8.4. EXCELITAS TECHNOLOGIES CORP.
8.4.1. Company overview
8.4.2. Key strategic moves and developments
8.5. HAMAMATSU PHOTONICS K.K.
8.5.1. Company overview
8.5.2. Operating business segments
8.5.3. Business performance
8.5.4. Key strategic moves and developments
8.6. FLIR SYSTEMS, INC.
8.6.1. Company overview
8.6.2. Operating business segments
8.6.3. Business performance
8.6.4. Key strategic moves and developments
8.7. MURATA MANUFACTURING CO., LTD.
8.7.1. Company overview
8.7.2. Operating business segments
8.7.3. Business performance
8.8. RAYTHEON COMPANY
8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategic moves and developments
8.9. SOFRADIR
8.9.1. Company overview
8.9.2. Key strategic moves and developments
8.10. NIPPON AVIONICS CO., LTD.
8.10.1. Company overview
8.10.2. Key strategic moves and developments
LIST OF TABLES
TABLE 1. GLOBAL INFRARED DETECTOR MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 2. GLOBAL THERMAL INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 3. GLOBAL PHOTO INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4. GLOBAL INFRARED DETECTOR MARKET, BY SPECTRAL RANGE, 2014-2022 ($MILLION)
TABLE 5. GLOBAL SHORT-WAVE INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6. GLOBAL MEDIUM-WAVE INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7. GLOBAL LONG-WAVE INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8. GLOBAL INFRARED DETECTOR MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 9. GLOBAL AEROSPACE & DEFENCE INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10. GLOBAL INDUSTRIAL INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11. GLOBAL MEDICAL INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 12. GLOBAL AUTOMOTIVE INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 13. GLOBAL SECURITY INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 14. GLOBAL CONSUMER ELECTRONICS INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 15. GLOBAL INFRARED DETECTOR MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 16. NORTH AMERICA: INFRARED DETECTOR MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 17. NORTH AMERICA: INFRARED DETECTOR MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 18. NORTH AMERICA: INFRARED DETECTOR MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 19. EUROPE: INFRARED DETECTOR MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 20. EUROPE: INFRARED DETECTOR MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 21. EUROPE: INFRARED DETECTOR MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 22. ASIA-PACIFIC: INFRARED DETECTOR MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 23. ASIA-PACIFIC: INFRARED DETECTOR MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 24. ASIA-PACIFIC: INFRARED DETECTOR MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 25. LAMEA: INFRARED DETECTOR MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 26. LAMEA: INFRARED DETECTOR MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 27. LAMEA: INFRARED DETECTOR MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 28. TEXAS INSTRUMENTS INC.: COMPANY SNAPSHOT
TABLE 29. TEXAS INSTRUMENTS INC.: OPERATING SEGMENTS
TABLE 30. HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 31. HONEYWELL INTERNATIONAL, INC.: OPERATING SEGMENTS
TABLE 32. OMRON CORPORATION: COMPANY SNAPSHOT
TABLE 33. OMRON CORPORATION: OPERATING SEGMENTS
TABLE 34. EXCELITAS TECHNOLOGIES CORP.: COMPANY SNAPSHOT
TABLE 35. HAMAMATSU PHOTONICS K.K.: COMPANY SNAPSHOT
TABLE 36. HAMAMATSU PHOTONICS K.K.: OPERATING SEGMENTS
TABLE 37. FLIR SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 38. FLIR SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 39. MURATA MANUFACTURING CO., LTD.: COMPANY SNAPSHOT
TABLE 40. MURATA MANUFACTURING CO., LTD.: OPERATING SEGMENTS
TABLE 41. RAYTHEON COMPANY: COMPANY SNAPSHOT
TABLE 42. RAYTHEON COMPANY: OPERATING SEGMENTS
TABLE 43. SOFRADIR: COMPANY SNAPSHOT
TABLE 44. NIPPON AVIONICS CO., LTD.: COMPANY SNAPSHOT
LIST OF FIGURES
FIGURE 1. SEGMENTATIONS
FIGURE 2. TOP IMPACTING FACTORS
FIGURE 3. TOP WINNING STRATEGIES: PERCENTAGE DISTRIBUTION (2013 - 2016)
FIGURE 4. TOP INVESTMENT POCKETS IN GLOBAL INFRARED DETECTOR MARKET, BY APPLICATION
FIGURE 5. PORTERS FIVE FORCES ANALYSIS
FIGURE 6. MARKET SHARE ANALYSIS, 2015
FIGURE 7. INFRARED DETECTOR MARKET: VALUE CHAIN ANALYSIS
FIGURE 8. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL THERMAL INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 9. MARKET REVENUE & FORECAST OF GLOBAL THERMAL INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 10. GLOBAL THERMAL INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 11. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL PHOTO INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 12. MARKET REVENUE & FORECAST OF GLOBAL PHOTO INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 13. GLOBAL PHOTO INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 14. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL SHORT-WAVE INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 15. MARKET REVENUE & FORECAST OF GLOBAL SHORT-WAVE INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 16. GLOBAL SHORT-WAVE INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 17. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL MEDIUM-WAVE INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 18. MARKET REVENUE & FORECAST OF GLOBAL MEDIUM-WAVE INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 19. GLOBAL MEDIUM-WAVE INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 20. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL LONG-WAVE INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 21. MARKET REVENUE & FORECAST OF GLOBAL LONG-WAVE INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 22. GLOBAL LONG-WAVE INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 23. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL AEROSPACE & DEFENSE INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 24. MARKET REVENUE & FORECAST OF GLOBAL AEROSPACE & DEFENSE INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 25. GLOBAL AEROSPACE & DEFENSE INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 26. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL INDUSTRIAL INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 27. MARKET REVENUE & FORECAST OF GLOBAL INDUSTRIAL INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 28. GLOBAL INDUSTRIAL INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 29. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL MEDICAL INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 30. MARKET REVENUE & FORECAST OF GLOBAL MEDICAL INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 31. GLOBAL MEDICAL INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 32. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL AUTOMOTIVE INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 33. MARKET REVENUE & FORECAST OF GLOBAL AUTOMOTIVE INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 34. GLOBAL AUTOMOTIVE INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 35. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL SECURITY INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 36. MARKET REVENUE & FORECAST OF GLOBAL SECURITY INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 37. GLOBAL SECURITY INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 38. COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF GLOBAL CONSUMER ELECTRONICS INFRARED DETECTOR MARKET, 2015 & 2022 (%)
FIGURE 39. MARKET REVENUE & FORECAST OF GLOBAL CONSUMER ELECTRONICS INFRARED DETECTOR MARKET, 2014-2022 ($MILLION)
FIGURE 40. GLOBAL CONSUMER ELECTRONICS INFRARED DETECTOR MARKET ANALYSIS, 2015 & 2022
FIGURE 41. U.S.: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 42. CANADA: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 43. MEXICO: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 44. U.K.: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 45. GERMANY: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 46. ITALY: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 47. REST OF EUROPE: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 48. CHINA: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 49. JAPAN: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 50. INDIA: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 51. REST OF ASIA-PACIFIC: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 52. LATIN AMERICA: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 53. MIDDLE EAST: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 54. AFRICA: INFRARED DETECTOR MARKET SIZE, 2014-2022 ($MILLION)
FIGURE 55. TEXAS INSTRUMENTS INC.: COMPANY SNAPSHOT
FIGURE 56. HONEYWELL INTERNATIONAL, INC.: COMPANY SNAPSHOT
FIGURE 57. OMRON CORPORATION: COMPANY SNAPSHOT
FIGURE 58. HAMAMATSU PHOTONICS K.K.: COMPANY SNAPSHOT
FIGURE 59. FLIR SYSTEMS, INC.: COMPANY SNAPSHOT
FIGURE 60. MURATA MANUFACTURING CO., LTD.: COMPANY SNAPSHOT
FIGURE 61. RAYTHEON COMPANY: COMPANY SNAPSHOT
Manufacturing of highly sensitive infrared detector requires high initial cost. The process of integrating the infrared detectors with expensive semiconductor components costs a lot more than the actual price of the infrared sensors. However, many manufacturers have developed low cost, compact, affordable, and energy efficient infrared detectors. These detectors serve small to medium sized enterprises. In addition, government initiatives in defense sector are also expected to provide a major growth opportunity. There have been substantial investments for R&D by public and private organizations to explore further technologies and applications of infrared detectors. However, high prices, complex technologies, and less accuracy could restrict the market growth. Furthermore, deteriorated performance in harsh conditions also limit their adoption. North America generated the maximum revenue, followed by Asia-Pacific
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