The spectroscopy IR detector market is estimated to be worth USD 224.5 Million by 2022, growing at a CAGR of 6.9% during the forecast period; the market size, in terms of volume, is expected to grow at a CAGR of 7.7% during the same period. The objective of this report is to estimate the size, in terms of value and volume, and future growth potential of the IR detector market for IR spectroscopy across different segments such as detector technology, spectrum sensitivity, product type, cooling requirement, and geography. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022. This report provides detailed information regarding the major factors influencing the growth of the IR detector market such as drivers, restraints, and opportunities. Along with this, the growth opportunities for the stakeholders have been analyzed by identifying the high-growth segments of the market.

The research methodology used to estimate and forecast the spectroscopy IR detector market begins with obtaining data on key vendor revenues through company�s annual reports, SEC filings, Factiva, Bloomberg Business, and other secondary resources. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global IR detector market from the ASPs of IR detectors and the shipment of IR spectroscopy devices market. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which are then verified through primary research by conducting extensive interviews with CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of the primaries is depicted in the figure below:

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The IR detector ecosystem comprises IR sensor/detector component manufacturers such as Hamamatsu Photonics K.K. (Japan), Excelitas Technologies Corp. (U.S.), LASER Components GmbH (Germany) and others; and IR spectroscopy device manufacturers such as Thermo Fisher Scientific (U.S.), PerkinElmer (U.S.), Bruker Corporation (U.S.), and Agilent Technologies (U.S.) among others.

Key Target Audience

IR Detector Manufacturers

IR Spectroscopy Manufacturers

IR Sensor & Spectroscopy Suppliers

Government and Research Organizations

Distribution Network Service Providers/Operators

Banks, Venture Capitalists, Financial Institutions, and Other Investors

Scope of the Report

The research report segments the spectroscopy IR detector market into the following submarkets:

By Detector Technology

Mercury Cadmium Telluride (MCT)

Deuterated Triglycine Sulfate (DTGS)

Indium Gallium Arsenide (InGaAs)

Others

By Spectrum Sensitivity

NIR

Mid IR

Far IR

By Cooling Requirement:

Cooled

Uncooled

By Product Type

Benchtop Spectroscopes

Microspectroscopes

Portable Spectroscopes

Hyphenated Spectroscopes

By Geography:

North Americas

Europe

APAC

RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options are available for the report:

Geographic Analysis

Further breakdown of the IR detector market in North America

Further breakdown of the IR detector market in Europe

Further breakdown of the IR detector market in APAC

Company Information

Detailed analysis and profiling of additional market players (up to five)

The spectroscopy IR detector market is estimated to be worth USD 224.5 Million by 2022, growing at a CAGR of 6.9% during the forecast period. The market size, in terms of volume, is expected to grow at a CAGR of 7.7% during the forecast period.

The major drivers for the growth of the spectroscopy IR detector market include the increasing shipment of IR spectroscopy devices and the industry practice of upgrading old IR spectroscopy devices with new IR detector modules. Along with this, IR spectroscopy is used in the biological sector to identify various diseases. For instance, the Polish Academy of Sciences NaAAcZ Institute of Biocybernetics & Biomedical Engineering, (Warsaw, Poland) has developed an NIR spectroscopy instrument to monitor brain injuries. Such developments in techniques would drive the growth of the NIR detector market in the coming years.

The scope of this report covers the spectroscopy IR detector market segmented on the basis of detector technology, spectrum sensitivity, cooling requirement, product type, and geography. On the basis of spectrum sensitivity, the market has been segmented into NIR, Mid IR, and Far IR. Mid IR detectors are expected to hold the largest market share, during the forecast period.

The market has been segmented on the basis of detector technology into mercury cadmium telluride (MCT), deuterated triglycine sulfate (DTGS), indium gallium arsenide (InGaAs), and others. InGaAs-based IR detectors are expected to play a key role in the growth of the IR detector market because of the wide application of InGaAs-based IR detectors in NIR spectroscopy devices.

The spectroscopy IR detector market, on the basis of product type, has been segmented into benchtop spectroscopes, microspectroscopes, portable spectroscopes, and hyphenated spectroscopes. The portable IR spectroscopy device market is expected to grow in the near future and drive the IR detector market in this segment during the forecast period.

The market, on the basis of geography, has been segmented into four regions�North America, Europe, APAC, and RoW. North America held the largest market share in 2015; however, the market in APAC is expected to grow at the highest rate between 2016 and 2022 owing to the growing industrialization in this region.

The availability of substitute products for IR spectroscopy devices acts as a major restraining factor for the growth of the market. The major companies operating in the IR detector market include Hamamatsu Photonics K.K. (Japan), Excelitas Technologies Corp. (U.S.), LASER Components GmbH (Germany), UTC Aerospace Systems (U.S.), Newport Corporation (U.S.), and others. These players have adopted various strategies such as new product developments, expansions, mergers, partnerships, and collaborations to cater to the needs of the IR detector market for spectroscopy.

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