increasing demand for thermal imaging devices for passenger screening is driving the Microbolometer Market

Latest News:- Microbolometer Market: Vanadium oxide-based microbolometer is expected to lead the Type segment during 2024-2028

Technavio analyzes that the Microbolometer Market is expected to grow at a CAGR of 7.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 362.8 million.There are various factors that contribute to the growth of the market. The microbolometer market is experiencing significant growth due to the increasing demand for thermal imaging devices in various applications, particularly in the field of passenger screening. These devices are essential for detecting potential threats and ensuring security in airports and other public areas. The microbolometer technology, which is the core component of thermal imaging systems, enables the detection of minute temperature differences, making it an indispensable technology in security and surveillance systems. The market is expected to continue its upward trajectory as the demand for advanced security solutions increases.

In the realm of infrared technology, microbolometers have emerged as a leading solution for thermal imaging applications in various industries. These advanced devices utilize Vanadium Oxide (VOx) as their primary sensing material due to its cost-effective and superior performance characteristics compared to alternatives like silicon-germanium and amorphous silicon. VOx, with distinct atomic compositions, exhibits desirable properties for microbolometer manufacturing, including high absorption of infrared radiation, a significant temperature coefficient of resistance (TCR) for sensitivity, moderate resistivity, low noise, and compatibility with Complementary Metal-Oxide-Semiconductor (CMOS) technology. This combination of properties makes VOx an ideal choice for commercial microbolometer applications in sectors such as aviation, gas detection, consumer electronics, and protection. 

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Microbolometer Market Segmentation

• Type
  • Vanadium oxide-based microbolometer
  • Amorphous silicon-based microbolometer
• Geography
  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• BAE Systems Plc
• Excelitas Technologies Corp.
• Fraunhofer IMS
• Hamamatsu Photonics KK
• Honeywell International Inc.
• Leonardo DRS Inc.
• Lynred
• Mikrosens Electronics Inc.
• NEC Corp.
• Opgal Optronic Industries Ltd.
• Polytec GmbH
• RTX Corp.
• Seek Thermal Inc.
• Teledyne Technologies Inc.
• Texas Instruments Inc.

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Research Analysis Overview

Microbolometers, a type of thermal sensor, are the foundation for thermal cameras that convert infrared light into electrical resistance, enabling temperature imaging. Cooling technologies are essential for microbolometer-based thermal imaging solutions in applications like fever detection, thermometry, and surveillance systems. Cooled microbolometers, using materials like Amorphous Silicon and Vanadium Oxide, offer higher sensitivity and lower power consumption compared to uncooled ones. The market for microbolometers spans sectors like security, aerospace, defense, and smart cities, with exotic cooling methods continually evolving to improve performance and efficiency. Detector materials and thermal imaging cameras are key components of this growing industry, serving diverse applications from industrial thermometry to advanced surveillance systems.

Market Research Overview

The Microbolometer market is a significant segment of the expansive electrical components and equipment industry. Microbolometers, thermal cameras, and infrared sensors are key technologies within this domain, utilizing the principle of electrical resistance to detect and measure infrared light, resulting in temperature imaging. Cooling technologies are essential to optimize microbolometer performance. This market is integral to the broader electrical components and equipment sector, which encompasses manufacturers of water heaters, motors, automation solutions, electrical distribution and protection equipment, sensors, and more. The global electrical components and equipment market size is determined by the combined revenue generated from these sectors, as well as rental and leasing services to industrial, commercial, and residential clients.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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