The study involved four major activities in estimating the current size of the infrared Sensors market. Exhaustive secondary research has been done to collect information on the market, peer, and parent markets. The next step has been to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods were applied to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the infrared Sensors market.
Secondary Research
Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Secondary sources include corporate filings such as annual reports, investor presentations, financial statements, trade, business, and professional associations, white papers, manufacturing associations, and more.
Primary Research
Primary sources mainly consist of experts from the core and related industries, preferred infrared detector providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from infrared detector providers, such as research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.
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Market Size Estimation
Top-down and bottom-up approaches have been used to estimate and validate the size of the infrared detector market and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market shares in the key regions have been determined through primary and secondary research. This entire procedure includes studying the annual and financial reports of top players and extensive interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters affecting the markets covered in this study have been accounted for, viewed in detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation
After arriving at the overall size of the infrared sensors market from the market size estimation processes explained above, the total market has been split into several segments and sub-segments. The data triangulation procedure has been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends. Additionally, the market size has been validated using top-down and bottom-up approaches.
Market Definition
An infrared detector is an electronic device used to detect infrared radiation by sensing the surrounding environment. Infrared detectors can sense infrared spectrum ranging from wavelengths 0.7 μm to 1 μm. Various types of infrared detectors are available in the market, e.g., mercury cadmium telluride (MCT/HgCdTe), indium gallium arsenide (InGaAs), microbolometer, pyroelectric, and thermopile infrared detectors. They find applications in people & motion sensing, temperature measurement, security & surveillance, gas & fire detection, and spectroscopy & biomedical imaging in the industrial and nonindustrial verticals.
The infrared detector ecosystem includes various hardware providers. The market is diversified, with more than 30 companies competing across the value chain to sustain their market positions and increase their market shares. People & motion sensing, temperature measurement, and security & surveillance are expected to be the key application areas of infrared detectors.
Key Stakeholders
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Raw Material Suppliers
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Component Designers, Manufacturers, and Suppliers
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Original Equipment Manufacturers (OEMs)
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System Integrators
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Technology, Service, and Solution Providers
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Testing, Inspection, and Certification Companies
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Suppliers and Distributors
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Government and Other Regulatory Bodies
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Industry Forums, Alliances, and Associations
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Research Institutes and Organizations
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Market Research and Consulting Firms
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End Users
Report Objectives
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To define, describe, and forecast the infrared detector market segmented, in terms of value, based on type, wavelength, technology, application, vertical, and geography
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To forecast the pyroelectric and thermopile infrared sensor markets in terms of volume
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To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
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To understand and analyze the impact of evolving technologies on the value chain of the infrared sensors market and upcoming trends
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To highlight the impact of Porter’s five forces on the infrared detector ecosystem and analyze the underlying market opportunities
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To analyze the associated use cases in the infrared detector business and their impact on the business strategies adopted by key players
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To provide key industry trends and related regulations impacting the infrared detector market
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To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
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To strategically profile key players and comprehensively analyze their market ranking and core competencies2, along with detailing the competitive landscape for market leaders
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To analyze the competitive developments such as joint ventures, mergers and acquisitions, product launches, and research and development (R&D) carried out by market players.
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To map the competitive intelligence based on company profiles, key strategies, and game-changing developments, such as product launches, collaborations, and acquisitions
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To benchmark the market players using the proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio.
Available Customizations
Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:
Company Information
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Detailed analysis and profiling of additional market players (up to 5)
RANDRIA
Oct, 2022
More details about the growth rate of the detector IR market for the next 8 years. .