The global infrared imaging photodetectors market is expected to display higher growth in the upcoming period. Rapid surge in the market is credited to the increasing adoption of optical transmission technology for engineering applications. Growing demand from military and defense sector for security night vision systems is expected to drive the growth of the market over the forecast period. Globally, infrared imaging photodetectors market is predicted to generate massive revenue over the forthcoming period, providing numerous opportunities for industry participants to invest in research and development of infrared imaging photodetectors.
Increasing collaboration among private players and various research institutes & universities to produce innovative products and co-develop advanced imaging techniques are expected to drive market growth in the years to come. In addition, rise in the number of mergers, acquisitions and partnerships by industry players in order to strengthen their market position in the infrared imaging photodetectors market and generate additional revenue. Rising demand for night vision equipment in terms of Size, Weight, and Power (SWaP) coupled with growing military expenditure in emerging economies are considered as the key industry trends for infrared imaging photodetector market.
Recent technological advancement in electrical & electronic industry coupled with development of novel technologies & products such as flat panel detectors and thermal detectors like micro bolometer is expected to stimulate the growth of image sensor market in the upcoming years. Growing investment by industry participants in the research & development activities to gain competitive edge over their counterparts is anticipated to favor market expansion in the near future.
The infrared imaging photodetector market is broadly categorized into major segments based on the application type such as military & defense sector, commercial sector and aerospace sector. Military & defense segment is growing rapidly in the market with substantial revenue generation in the last few years.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in defense sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth over the coming years.
Asia-Pacific region is estimated to hold a major share in the market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising manufacturing activities, growing government spending for modernization of military & defense sector, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the infrared imaging photodetectors market are ABB Group, Agiltron, Inc., Association for Automatic Identification and Mobility Co., Airbus DS Optronics Ltd., Allied Vision Technologies GmbH, Robert Bosch GmbH, Bruker Corp., Cantronic Systems, Inc., CEA-Leti Co., Chemlmage Sensor Systems, Inc., Honeywell International Inc., Lockheed Martin Corp., MBDA Missile Systems Inc., Mitsubishi Heavy Industries, Ltd., Sumitomo Electric Industries, Ltd., and Tactical Missiles Corp.
Leading players of Infrared Imaging Photodetectors including:
• Santa Barbara Infrared
• UTC Aerospace Systems
Market split by Type, can be divided into:
• Gallium Nitride
• Caesium Nitrate
• Polyvinyl Fluorides
• Cobalt Phthalocyanine
Market split by Application, can be divided into:
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA