Bolometer Market Trends, Key Driven Factors, Region-wise Outlook, Segmentation And Forecast To 2022-2028

A bolometer is an instrument used to measure heat or infrared radiation. It is basically a highly sensitive thermometer. Bolometer can be utilized in combination of spectroscopy to gather information related to structures of certain chemical compounds. A bolometer consists of an absorptive component made up of a thin metal layer (such as a strip of blackened platinum metal). The absorptive element is connected to a thermal reservoir through a thermal linkage. When radiation comes in contact with the absorptive strip, its temperature rises above the reservoir’s temperature due to the absorption of radiation by the absorptive element. i.e radiation falling on the strip changes its resistance to initiate an electric current. This change of resistance is logged by a sensitive electric meter.

Some of the benefits of bolometer include; it can measure non-ionizing particles in addition to ionizing particles and photons. It is extremely efficient in terms of sensitivity and energy resolution when compared to other conventional particle detectors. It operates at room temperature and hence does not require cooling. The applications of bolometer include astronomical applications, detection of the forest fire, Air surveillance, in fingerprint scanners, detection of concealed weapons, in particle detectors and in thermal cameras.

Bolometer Market: Dynamics

The main factor behind the growth of the Bolometer market is its rising end use application. Also, growing needs safety and surveillance equipment with the increase in terrorist activities, as well as government contracts related to safety and security equipment’s is expected to boost the bolometer market over the forecast period. The bolometer is anticipated to gain attention from various end users and become a major target market in the upcoming year. Research and development are being constantly carried out on Bolometer to enhance their design, mechanism and effectiveness to make them more efficient and precise. This, in turn, will establish strong growth in the Bolometer market in near future. Also, growth in demand for the thermal camera in the automobile sector is an important driving factor associated with the Bolometer market. As the Bolometer also find its application in fighter jets, UAV, military automobiles, the increasing adoption of bolometer in such application is also expected to boost the market over the forecast period.

The high cost of bolometer and low awareness among the general population can restrain the growth of the global bolometer market in the forecast period. However, the ongoing trend of using better equipment equipped with better technology to get better results will increase the demand for Bolometer during the forecast period.

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Bolometer Market: Regional Outlook

Geographically, the Bolometer market is segmented into seven regions including the Middle East and Africa, Latin America, Japan, North America, Western Europe, Eastern Europe and the Asia Pacific excluding Japan. Bolometer market is dominated by North America followed by Western Europe, and these countries are expected to maintain its dominance in the global Bolometer market even in the forecast period. The Asia Pacific is expected to be the fastest growing market in the Bolometer owing to high spending on military expenditure in recent years in the region. North America, Europe and Japan are mature markets and it is expected to have slower growth over the forecast period. Rest of the world is estimated to account for a relatively small share of the Bolometer market.

Bolometer Market: Market Participants

Some of the examples of the market participants operating across the value chain of the global Bolometer market are:

  • BAE Systems plc
  • Leonardo DRS, Inc.
  • FLIR Systems, Inc.,
  • Honeywell International Inc.
  • L-3 Communications InfraredVision Technology Corporation
  • Mikrosens Electronics Inc.
  • NEC Corporation
  • Raytheon Company
  • Sofradir-EC
  • Teledyne DALSA

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Based on the type, the Bolometer market can be segmented as follows:

  • Semiconductor bolometer
  • Superconducting bolometer
  • Hot electron bolometer

Based on the application, the Bolometer market can be segmented as follows:

  • Astronomical applications
  • Detection of forest fire
  • Air surveillance
  • In fingerprint scanners
  • Detection of concealed weapons
  • In particle detectors
  • In thermal cameras.

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Based on the End Use Industry, the Bolometer market can be segmented as follows:

  • Automotive
  • Aerospace
  • Defence and security
  • Others (scientific research)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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