The global market size of IR detectors from Microbolometers is estimated to
be nearly $65 million in 2013 and is estimated to reach $125 million by 2020
with a CAGR of 10% from 2014-2020. The market is estimated to be dominated by
people and motion sensing and temperature measurement applications.
The market for IR detectors from Microbolometers is mainly dominated by LWIR spectral range as majority of the end users applications fall in this range. Some of the new developments have helped Microbolometers to be available in MWIR spectral range apart from LWIR. The market size from LWIR is estimated to be $60 million in 2013 and is expected to reach $115 million by 2020 with a CAGR of 10% from 2014-2020.
L-3 Communications Holdings (U.S.), Testo Inc. (U.S.), DRS Corporation, Raytheon Corporation (U.S.), Nippon Avionics Co. Ltd. (Japan), Honeywell Security (U.S.), Hamamatsu Corp. (U.S.), and GE (U.S.), the Companies operating in the market are developing new products as a path to grow their market share and presence. Majority of the companies are looking at JV and mergers for growth. IR detector market is mainly driven by new technological changes brought about by participating companies.
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The market for IR detectors from Microbolometers is mainly dominated by LWIR spectral range as majority of the end users applications fall in this range. Some of the new developments have helped Microbolometers to be available in MWIR spectral range apart from LWIR. The market size from LWIR is estimated to be $60 million in 2013 and is expected to reach $115 million by 2020 with a CAGR of 10% from 2014-2020.
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L-3 Communications Holdings (U.S.), Testo Inc. (U.S.), DRS Corporation, Raytheon Corporation (U.S.), Nippon Avionics Co. Ltd. (Japan), Honeywell Security (U.S.), Hamamatsu Corp. (U.S.), and GE (U.S.), the Companies operating in the market are developing new products as a path to grow their market share and presence. Majority of the companies are looking at JV and mergers for growth. IR detector market is mainly driven by new technological changes brought about by participating companies.
The Asia-Pacific region dominated
the market for IR detectors from Microbolometers in 2013, and was the largest
market share holder in 2013 with revenue around $25 million and is expected to
reach around $ 55 million by 2018. The APAC market registered the highest
number of patents for market for IR detectors from Microbolometers, APAC has
emerged to be a major consumer of these products and hence, this region will
continue to dominate the geographic market share of MWIR by 80% of the total
revenue generated in this market.
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