South American IR Detector Market is Estimated to Reach $18.3 Million by 2019

Press Release   •   Feb 02, 2016 17:11 EST

The South American IR detector market report defines and segments the IR detector market in South America with analysis and forecast of revenue. This market was valued at $12.31 million in 2014, and is expected to reach $18.3 million by 2019, at a CAGR of 8.2% from 2014 to 2019.

Browse through the TOC of South American IR detector market for an analysis of industry trends, segments & forecasts.

This market is segmented and forecast based on technology, types and application. The types segment of this market comprises MCT (Mercury Cadmium Telluride) IR Detector, Micro Bolometer IR Detector, Thermopile IR Detector, Pyroelectric IR Detector, and InGaAs (Indium Gallium Arsenide) IR Detector. The market is further segmented and forecast based on applications, namely People and Motion Sensing, Temperature Measurement, Fire and Gas Detection, Spectroscopy, Bio Medical Imaging, and Smart Homes. On the basis of technology, market is segmented into Long Wave IR, Short Wave IR, and Mid Wave IR.

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Advancements in cooled IR detector technology have created opportunities for a wide variety of applications, including hyperspectral remote sensing, space imaging, and surveillance. Such detectors offer sensitivity to the degree that users can distinguish individual species of trees from space or even identify moving camouflaged tanks from great distances. Until now, only cooled IR cameras have been used for hyperspectral imaging and remote sensing applications, as they require an extraordinarily high sensitivity that can be provided by only cryogenically cooled IR detectors. Uncooled IR technology is not yet developed to work for remote sensing application or hyperspectral imaging applications. However, in the next few years, IR camera manufacturers may develop an uncooled IR detector that can be used for remote sensing. Therefore, hyperspectral imaging and remote sensing provides opportunities for the growth of the South American IR imaging market in future.

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The South American IR detector market is mainly dominated by people and motion sensing and temperature measurement application due to evolving technology and more and more OEM’s (original equipment manufacturers) are moving towards gesture recognition technology adoption. The market for people and motion sensing is estimated to be nearly $5.3 million in 2014 and is expected to reach $8.2 million by 2019, at a CAGR of 9.4% for the given period.

This report includes market share and value chain analysis, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market which provide IR detector technology.

Related Report:

Europe IR Detector/Sensor Module

Infrared detectors are transducers of radiant energy that convert the radiation of objects in the infrared range to a measurable form. Large-scale adoption of IR detectors in the latest range of applications such as security, consumer electronics, and smart homes is driving the overall market. The use of IR detectors in temperature measurement and spectroscopy applications is expected to increase in the future.


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