Thermal Detector Market Analysis | 2023-2028

Market Insights

The thermal detector market was estimated at USD 441.5 million in 2022 and is likely to grow at a CAGR of 5.8% during 2023-2028 to reach USD 628 million in 2028. 

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Market Dynamics

Introduction

Thermal Detectors are small-sized sensors of low cost that consume very little power and are widely used in a variety of applications, such as temperature monitoring, fire detection, and thermal imaging. They allow precise and non-invasive temperature measurement and monitoring, making them an asset in many industries.

Thermal detectors are an important tool used across several applications, such as industrial processes, environmental monitoring, fire detection, automotive, surveillance, and security. Thermal detectors consist of two types of sensors: thermopile and pyroelectric.

Market Drivers

The thermal detector market is anticipated to grow as a result of the rising demand for non-contact temperature measuring solutions across several sectors, such as automotive, healthcare, and building & construction. Thermal detectors are used in the automotive industry primarily for applications, such as engine temperature monitoring, cabin temperature control, and tire pressure monitoring. 

With the increasing demand for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles, the demand for thermal detectors is expected to grow significantly in the coming years. Similarly, with increasing security concerns, there is a growing demand for thermal detectors that can detect intruders in the dark. Likewise, in the industrial sector, thermal detectors are used for applications such as process control, equipment monitoring, and energy management. These sensors are also crucial components of automation systems, which have become a major factor in increasing industrial efficiency across many sectors.

Position & motion detection is one of the major applications of thermal detectors. It is a critical feature in surveillance systems, where thermal detectors can be used to detect the presence of people or vehicles in a specific area. It enables highly effective security systems that can detect intruders even in complete darkness or adverse weather conditions. In addition, thermal detectors are also used in fire detection systems to detect fire, flames, or smoke. This information can be used to trigger alarms and alert authorities, helping to prevent fires from spreading and minimizing damage. Thermal detectors are also used to monitor the temperature of industrial equipment, such as motors and bearings, to detect anomalies and prevent equipment failure. 

Key Players

The market is highly populated with the presence of several regional and global players. The market for thermal detectors is highly consolidated, with a few companies controlling most of the industry. Most of the major players compete in some of the governing factors including price, product offerings, industry expertise, and regional presence. 

The following are the key players in the thermal detector market:

• Amphenol Advanced Sensors
• Excelitas Technologies Corp.
• HAMAMATSU PHOTONICS K.K
• Heimann Sensor GmbH
• Melexis
• Murata Manufacturing Co., Ltd.
• NICERA
• OMRON Corporation
• SEMITEC Corporation
• TE Connectivity

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Product Type

“The thermopile sensor dominates the market during the forecast period.”

The thermal detector market is segmented into thermopile and pyroelectric sensors. Between the two product types, the thermopile sensor is estimated to be the dominant as well as the fastest-growing segment in the coming years. 

Thermopile sensors have a lower cost as compared to pyroelectric sensors and are increasingly becoming popular in a wide range of applications, such as temperature measurement, gas sensing, and motion detection, owing to their features like non-contact temperature measurement, fast response time, and wide detection range.

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By Application Type

“Position and motion detection segment dominate the market during the forecast period.”

The market is segmented into LETM, position and motion detection, gas and fire detection, smart building, spectroscopy, people counting, HVAC, and HETM. Among the different application types, position and motion detection is expected to remain the dominant market segment during the forecast period. As it enables the detection of any change in temperature over a wide range of wavelengths, this application plays a critical role in a wide range of industries, including robotics, security, transportation, manufacturing, and fire detection.

In the years to come, it is expected that the smart building segment will witness the fastest market growth, due to the large usage of thermal detectors in smart homes for a variety of purposes, such as temperature monitoring, occupancy detection, and security.

Regional Analysis

“Asia-Pacific is expected to remain the largest market for thermal detectors during the forecast period.”

This region is home to a large number of major OEMs, such as NICERA, OMRON Corporation, and Murata Manufacturing Ltd. The region has also been witnessing significant growth in demand from industries, such as aerospace, defense, automotive, and healthcare, particularly in countries like China, India, Japan, and South Korea.

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Recent Developments

A limited number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:

• In December 2022, Photonis signed a definitive agreement to acquire Xenics, a Belgian developer and manufacturer of infrared solutions.

• In September 2021, Excelitas Technologies Corp. completed the acquisition of PCO AG, a Germany-based pioneer in the manufacturing of digital imaging products. This acquisition is expected to solidify the market position of Excelitas in the thermal detector and thermal imager markets.

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s thermal detector market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 
• We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The thermal detector market is segmented into the following categories:

By Product Type

• Thermopile Sensor 
• Pyroelectric Sensor

By Application Type

• LETM
• Position and Motion Detection
• Gas and Fire Detection
• Smart Building
• Spectroscopy
• People Counting
• HVAC
• HETM

By Region 

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.