Growing consumption of advanced manufacturing and fabricating technologies is expected to drive market expansion shortly at a CAGR of 3.90% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Infrared Optoelectronics Market”.

The Infrared Optoelectronics Market is estimated to register a CAGR of 3.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Infrared Optoelectronics Market— Vishay Intertechnology, Inc., OSRAM International GmbH (ams AG), Omnivision Technologies Inc., Panasonic Corporation, Maxim Integrated, Sharp Corporation, ROHM Co., Ltd., TT Electronics PLC.

Market Highlights

The global infrared optoelectronics market is accounted to register a CAGR of 3.90% during the forecast period and is estimated to reach USD 20.82 billion by 2032.

Infrared optoelectronics play a crucial role in security and surveillance applications. Infrared sensors and cameras are widely used for night vision, thermal imaging, and monitoring in various security systems, including CCTV, border surveillance, and military applications. The growing concerns about security and the need for advanced surveillance technologies drive the demand for infrared optoelectronic devices.

Segment Analysis

The global Infrared optoelectronics market has been segmented based on range, and end-user.

Based on range, the market is segmented into Near-Infrared, Mid-Infrared, and Long-Infrared. The Mid-Infrared segment was attributed to holding the largest market share in 2022.  The mid-infrared segment typically covers wavelengths in the range of approximately 2.5 to 25 micrometers. This range is strategically positioned between the near-infrared and far-infrared regions, offering unique spectral characteristics suitable for various applications.

Based on the End-user, the Infrared Optoelectronics Market has been segmented into Aerospace and Defense, Automotive, Information Technology, consumer electronics, Healthcare, Residential and Commercial, Industrial, and Others. The consumer electronics segment was expected to hold the largest market share in 2022. The dominant market share in the consumer electronics segment can be attributed to the increasing integration of optoelectronic components in the production of consumer electronic devices. Advancements in electronic technologies, including smartphones, premium cameras, smart TV displays, LED projectors, organic LEDs, and flexible 3-D displays, contribute significantly to this market leadership.

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Regional Analysis

The global Infrared Optoelectronics Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Infrared Optoelectronics Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Infrared Optoelectronics Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Infrared Optoelectronics Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Infrared Optoelectronics Market was maintained by the North American regional sector. The regional growth is linked to the well-established medical and medical device sector. Additionally, the market is experiencing an upswing due to heightened investments in the aerospace and defense industry. Notably, in the Canadian government's budget for 2022, a substantial allocation of USD 8 billion over five years was earmarked for defense. Consequently, the augmented funding in the defense sector is anticipated to propel market expansion in the region.

Moreover, the Europe market has been persistently growing over the forecast period. The European healthcare sector is a significant adopter of infrared optoelectronics, employing them extensively for medical imaging, diagnostics, and temperature monitoring. Notably, among the EU Member States, Germany and France exhibited the highest healthcare expenditure relative to GDP in 2020, with figures of 12.8% and 12.2%, respectively. In healthcare settings, infrared sensors play a pivotal role in non-contact temperature measurement, a critical aspect of medical applications. The increasing demand for advanced medical technologies and diagnostics underscores the widespread adoption of infrared optoelectronics within the healthcare industry.

The growth of the market in this region is anticipated to be fueled by increased investments in smart infrastructure development and a strategic focus on automation technologies. Concurrently, rising investments in infrastructure projects are expected to provide additional support to the market. Notably, the Thai government, as part of its Electric Vehicle (EV) action plan launched in 2016, aims to stimulate the production of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs), targeting 1.2 million such vehicles on the road by 2036. This initiative has led to 13 companies benefiting from preferential tax treatment for electric vehicles. Moreover, in March 2020, Thailand unveiled an EV roadmap to manufacture 250,000 EVs by 2025 and establish itself as an ASEAN EV hub, further contributing to the anticipated growth of the market

Furthermore, the rest of the world's Infrared Optoelectronics Market is divided into the Middle East, Africa, and Latin America. Several cities in MEA & LATAM are implementing smart city initiatives to enhance urban living. Infrared optoelectronics contribute to various smart city applications, including traffic management, waste management, and environmental monitoring.

Key Findings of the Study

• The global Infrared Optoelectronics Market is expected to reach USD 20.82 billion by 2032, at a CAGR of 3.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because of growth in the healthcare, consumer electronics, and automotive industries.


• Based on Range, the mid-infrared segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.


• Vishay Intertechnology, Inc., OSRAM International GmbH (ams AG), Omnivision Technologies Inc., Panasonic Corporation, Maxim Integrated, Sharp Corporation, ROHM Co., Ltd., TT Electronics PLC.