PYROELECTRIC DETECTOR MARKET ANALYSIS

Pyroelectric Detector MarketSize and Trends

Factors Driving Growth of the Pyroelectric Detector Market

The development of smart home devices such as flame detectors and automatic door switches is expected to drive the growth of the pyroelectric detector market over the forecast period. Smart home businesses require devices such as light and temperature control, flame detector, automatic door switch, visitor detector, home security and others. Use of these devices is expected to grow during the forecast owing to a paradigm shift in lifestyles and the tendency of adopting new technologies. These factors are expected to subsequently drive growth of the pyroelectric detectors market in the near future. According Coherent Market Insights' report, in 2018, there were more than 500Mn smart home devices across the globe, and it is expected to increase the rate of adoption of smart home devices by 15% during the forecast period.

Moreover, pyroelectric detectors are extensively used for thermal detection in medical equipment. They are used to detect vascular disorders, arthritic rheumatisms and also used to monitor muscular performances. Medical devices market in India is on the rise. India one of the largest medical equipment importers in the world. For instance, according to Invest India, an Indian government body, the Indian medical industry is expected to reach US$ 50 Bn in 2025 from US$ 11 Bn in 2019 with a CAGR 15.8%. The medical device industry is expected to fuel the growth of the pyroelectric detector market over the forecast period.

Market- Trends