London, 07 January 2015 – The Global Infrared Detection Equipment Market is expected to grow at a CAGR of 11.86 percent from 2015-2019, thanks to major declines in the price of infrared detection equipment, says research firm TechNavio.
The availability of incredibly cost-effective infrared detection equipment has led to an increase in demand for infrared detection equipment, thus boosting the overall market growth.
About the Report
The latest report from TechNavio highlights the development of Mercury Cadmium Telluride (MCT) Long-wavelength Infrared (LWIR) and Very Long-wavelength Infrared (VLWIR) detectors for use in space projects. These detectors are used for earth observation and meteorological applications.
“Vendors like Sofradir EC have developed MCT LWIR and VLWIR detectors that have MCT material and a silicon read-out integrated circuit integrated into Dewar packaging,” says Faisal Ghaus, Vice President of TechNavio.
Furthermore, the Global Infrared Detection Equipment Market is witnessing an increase vendor focus on the development of uncooled infrared detectors with pixels less than 100×100.
“Vendors are directing their energy towards capturing a vast market share by offering uncooled infrared detectors with reduced pixels and at a comparative price,” says Ghaus.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Decline in Infrared Detection Equipment Price
- For a full detailed list, view our report.
Market Challenges:
- Influence of Environmental Conditions on Infrared Detection Equipment
- For a full detailed list, view our report.
Market Trends:
- Development of MCT LWIR and VLWIR Detectors for Space Applications
- For a full detailed list, view our report.
Key Vendors:
- Excelitas Technologies Corp.
- Hamamatsu Photonics K.K
- Murata Manufacturing Co. Ltd.
Other Prominent Vendors:
- DRS
- FLIR Systems
- GE
- Honeywell Security
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
