Escalating demand for consumer electronics and rising government funds for military and defense are expected to increase the global IR detector market during forecast period. Moreover, decrease in the prices of IR detector owing to the advancement in technology and manufacturing capabilities is further increasing the market penetration of IR detector in lower end consumer electronics application.
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This market research report provides a comprehensive overview of the IR detectors market
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Major players operating in the market and their service offerings
The two basic forms of IR detectors are cooled, and uncooled. The cooled IR detectors use cryogenic cooling system. Uncooled IR detector is smaller in size, and offers cost benefits, which is also one of the key drivers for IR detectors in consumer electronics. The growing acceptance of IR detectors in applications such as consumer electronics, security, and smart homes, spectroscopy and temperature management applications is expected to spur the demand of IR detection during the next five years.
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Intellectual proprietary licensing, high proprietary learning curve and stringent government regulations are expected to hinder the growth of the IR detector market during forecast period. The decreasing military budgets in developed countries owing to the recent economic downturn have also affected the growth Of IR detector market. However, increasing defense and military budgets in the developing countries such as India and China is providing new market opportunity for the global IR detector companies.