The Growth of the IR detector Market in the Middle East & Africa Region

Tuesday 19 May 2015, Amsterdam

Over the past few years, IR detectors have witnessed significant advancements that are transforming IR detectors throughout the world. The development of high-speed IR detectors has widened the scope of thermal detection, globally. Small size, low weight, and low power consumption are some of the major drivers in the IR detector market in the Middle East & Africa region. As a result of mid-size and large-size detector arrays and various pixel sizes, a wide range of camera resolutions are made available. Sophisticated processing algorithms and facility of calibration have optimized these detectors and cameras sensitivity, thus expanding the application range.

The Middle East & Africa region IR detector market is estimated to grow at the fastest CAGR, among all the major regions of the world, during the forecast period of 2014 to 2019. The major factors responsible for this growth include the focus on the automotive and security applications of IR detectors. IR detectors and cameras were initially developed for military applications and this application had contributed a major chunk of revenue to the total IR market. However, due to developments in uncooled IR detector technology and availability of affordable IR detectors, the IR detector market has witnessed a shift in focus towards the commercial applications. The adoption of IR cameras in automotive applications is expected to grow at a rapid rate during the forecast period. It is observed that the installation rate of IR detectors/cameras in cars is still below 1%, giving a lot of scope to increase the sales during the forecast period. In other words, manufacturers whose IR detectors/cameras meet all the essential criteria required by the automotive and security applications are expected to lead the Middle East & Africa market.

Further, several companies are investing in this high-growth market in order to gain higher profits and increase their shares in the Middle East & Africa IR detector market. For instance, in October 2013, Excelitas Technologies Corp. acquired Qioptiq, a privately-held company specializing in the design and manufacture of photonic products and solutions for a wide range of markets and applications.

Moreover, thermopile technology is one of the fastest-growing technology segments with a market share of 35.8% of the Middle East & Africa market in 2014. The Middle East & Africa market size for IR detectors from thermopiles is mainly dominated by the LWIR spectral range.
Middle East & Africa IR Detector Market - Forecast to 2019

Middle East & Africa IR Detector Market - Forecast to 2019

Publish date : February 2015
Report code : ASDR-186304
Pages : 90

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