European IR Detector Market is Estimated to Grow with A CAGR of 10.5%

Date: 2015-08-13

“The European IR detector market is estimated to grow with a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period. The growth of the European IR detector market is driven by factors such as rising security concerns and the growth in the demand of “contact-less temperature measurement” and “motion sensing” in consumer electronics application. 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 reason behind the increasing demand from people and motion-sensing application is the rising security concerns.

In this report, the European IR detector market has been broadly classified by technology such as Mercury Cadmium Telluride (MCT), Indium Gallium Arsenide (InGaAs), pyroelectric, thermopiles, and microbolometers. The temperature sensor application segment is growing fast at a CAGR of 11.1% during the forecast period.

The IR detector technologies enable the systems that help to interact with the outer world without touching it. It mainly detects the radiations from the objects around it. This report gives a detailed analysis of these detection technologies, and their broad existing and emerging markets. The various application segments of the European IR detector market are motion sensing/gesture recognition, temperature sensor, fire and life safety, spectroscopy, medical, smart homes, and other application.

There are number of players in the European region for the IR detector market which makes it competitive. As of 2014, the European IR detector market has top market players such as Murata Manufacturing (Japan), Hamamatsu (Japan), FLIR (U.S.), Melexis (Belgium), Texas, and Omron (Japan). 

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