Infrared Sensor Market Research Report - Global Forecast till 2030

Infrared Sensor Market Research Report: By Spectrum Range (Short-Wave IR [SWIR], Mid-Wave IR [MWIR], Long-Wave [LWIR]), by Working Mechanism (Active and Passive), By Type (Thermal Infrared Sensors and Quantum Infrared Sensors), by Detection (Uncooled Infrared Sensors and Cooled Infrared Sensors) by End User (Healthcare, Aerospace and Defense, Automotive, Commercial, Manufacturing, Oil and Gas and others) - Forecast till 2030

ID: MRFR/SEM/7153-HCR | January 2023 | Region: Global | 111 Pages         

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Infrared Sensor Market

Infrared Sensor Market is expected to grow at USD 1,376.9 Million by 2022-2030, at a CAGR of 13.20%.

By Spectrum Range Short-Wave IR [SWIR] Mid-Wave IR [MWIR] Long-Wave [LWIR]
By Working Mechanism Active Passive
By Type Thermal Infrared Sensors Quantum Infrared Sensors
By Detection Uncooled Infrared Sensors Cooled Infrared Sensors
By End User Healthcare Aerospace and Defense Automotive Commercial Manufacturing Oil and Gas
Key Players
Companies Profiled   Murata Manufacturing (Japan)    Honeywell International Inc. (US)    Sofradir (France)    Teledyne Technologies (US)    Raytheon Company (US)    Texas Instruments Incorporated (US)    Hamamatsu Photonics KK (Japan)    Omron Corporation (Japan)    Nippon Avionics (Japan)    Excelitas Technologies Corp. (US)    Nippon Ceramic Co. Ltd (Japan)    Omron Corporation (Japan)    Dali Technology (China)    Wuhan Guide Infrared (China)    Qioptiq Ltd (UK)    Pelco (US)    L-3 Communications Holdings (US)    General Dynamics Corporation (US)    Fluke Corporation (US)    FLIR Systems (US)    E.D. Bullard Company (US)    DRS Technologies (US)    Bosch Security Systems (US)    Axis Communications AB (Sweden)
Market Driving Forces   The growing need for automation equipment for building automation.    The growing preference of consumers toward better energy management.
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Infrared Sensor Market Synopsis

Infrared sensor market is expected to grow from USD 387.4 Million in 2022 to USD 1,376.9 Million by 2030, at a CAGR of 13.20% during the forecast period. Infrared sensors are a type of sensing device which are capable of sensing temperature, motion, distance, and proximity. The infrared sensors have three major components namely, a light-emitting source, optical components, and a detector. The accuracy and working with lower power consumption have propelled several end-user industries to deploy Infrared sensors in the industry. The major applications are Night vision systems, which are installed for security purposes, temperature control devices, climate control, gaming devices, cell phones, monitors, and so on. The growing demand for consumer electronics and electronic appliances has increased Infrared sensor adoption in recent times. The major drawbacks of infrared sensors are that the performance gets affected by the interruption of solid materials such as dust. However, the advancing developments in the industry are expected to overcome the existing challenges in the infrared sensor industry.

COVID 19 Analysis:

The COVID 19 pandemic has severely affected the economic condition of several countries. Adopting existing technologies has become difficult for the manufacturers, including the manufacturers of electronic components. The reduced production rate in electronic component manufacturing has significantly impacted the overall growth of the infrared sensor industry during the pandemic.

The pandemic has also widened the opportunity for the advent of advent technologies in the industry. The thermal imaging screening systems, named FLIR systems, utilizing the IR sensors have been used in several countries to detect people with higher body temperature, at a 50% faster rate. These devices were installed in the airports and malls at the entry level to detect people with higher body temperatures.

Market Dynamics:

  • Market Drivers:

The compatibility of the infrared sensors for the varied range of endues applications is considered as the primary factor that drives the Infrared sensor industry. Some of the major end-user applications are infrared gas analysis systems, flame detection, temperature control systems, pressure control systems, they are also found in shopping malls at the doors, cars, smart houses, and several others. 

Several developments have been made in the industry in reducing the size and power consumption which are further driving the overall growth of the infrared sensor industry.

  • Market Opportunities:

The Infrared sensors are increasingly deployed in various end-user applications. For instance, the automotive industry is increasingly deploying various features that enhance the driver experience. They are increasingly innovating in automated driving technologies, the inclusion of radar sensors to sense electromagnetic radiation. The vehicles are designed with radar sensors that capture the electromagnetic radiation from the other vehicles that come behind. The Far Infrared sensors are utilized in automated vehicles that are capable of detecting the heat generated by the vehicle parts like engine, wheels, exhaust pipe. Therefore the increasing utilization in the automotive industry is expected to fuel the overall growth of the infrared sensor market.

The defense sector is also utilizing the Infrared sensor due to its capacity of detecting humans even in unfavorable conditions and in dark. They are increasingly used in security devices and defense devices in the military as well, thereby presenting lucrative opportunities for the infrared sensor market growth.

  • Market Restraints:

The infrared sensors have limitations in terms of distance between the target object and the emitter of the sensor. Also, the surface of the target object should not be absorbent; the signal doesn’t get reflected after hitting the absorbent.

The jurisdiction regulations are considered as the primary restraint in utilizing the infrared sensors in the cameras. Since infrared radiation can affect human eyes or other organs, the manufacturers and distributors of the commodities deploying the infrared sensors have to comply with the regulations imposed. This factor is considered as the major restraint in the infrared sensor market growth. On the other hand, the detectors in the infrared sensors need cooling techniques, the advancement in this region has increased the performance, however, has increased the manufacturing costs. 

  • Market Challenges:

The reduction in performance due to unfavorable environmental conditions is considered the primary challenge for the infrared sensor market growth. For instance, the devices that detect the subsurface moisture, which is deployed in the buildings, indoor air quality control devices in residential and industrial sectors, get affected by the temperature of the surface.

The positioning of the detectors aligned with the emitter is necessary for optimized performance. The false detection and increased installation costs are considered as the primary challenge for the overall growth of the infrared sensor industry. 

  • Cumulative Growth Analysis:

The Infrared sensors market value is increasing in recent years owing to the wide range of end-use applications and attractive features of infrared sensors such as lower power consumption, Secured communication, reliability, and precise motion detection, lower manufacturing costs are stimulating the overall growth of infrared sensor industry. The infrared sensor market value was at USD 387.4 million in the year 2018 and is expected to surpass the market value of USD 747 million by the year 2025 while registering a CAGR of 10%. The automotive industries are booming in developing countries such as China, India, and other Asia Pacific region, the market leaders are increasing their investments in the industry by integrating infrared sensors in the cameras in cars and other vehicles. One of the major restraining factors in the infrared sensors market is that the sensors fall short in terms of accuracy under harsh conditions, whereas they are installed for applications that are bound to face such harsh environmental conditions. The infrared sensors installed in automobiles should expect a change in environment, the accumulation of dust and grime significantly affects the performance of the infrared sensors. On the other hand, the installation costs incurred are also a major restraining factor for the overall growth of the infrared sensor industry.

  • Value Chain Analysis:

The infrared sensors have optical components, a detector, and a light source in them. Now, the detectors in the infrared sensors need to be cooled down mechanically by using the materials such as mercury cadmium telluride and Indium antimonide to maintain the signal-to-noise ratio. However, the advent of cooled infrared detectors has replaced them which utilizes a thermoelectrical method to cool its detectors, which are capable of cooling their detectors to a minimal level and thereby increasing the performance of the detectors. The cooled infrared detectors have increased their expanse in terms of applications in recent times, they are utilized in aerospace, security, surveillance, spectroscopy, astronomy, and other crucial applications, owing to their increased performance.

Infrared sensors are highly utilized in motion detection, fall detection appliances, climate control, temperature control, and similar other applications. Therefore the increasing demand for smartphones, computers, blood pressure monitors, gas, and fire detection system in residential and industrial sectors are driving the overall growth of the Infrared sensors industry in recent times. 

Segment Overview:

Based on Type:

  • Thermal detector

    • Thermopile

    • Microbolometer

    • Pyroelectric

  • Photodetector

    • Indium Gallium Arsenide

    • Mercury Cadmium Telluride

    • Pbs & Pulse

Based on the Spectral Range:

  • Short–wave IR

  • Medium–wave IR

  • Long –Wave IR

Based on Application:

  • Aerospace

  • Defense

  • Industrial

  • Medical

  • Automotive

  • Security

  • Consumer electronics 

Regional Analysis:

Asia Pacific region is expected to project steady Infrared sensor market growth in the forecast period, owing to the increasing adoption of IoT in every aspect of commercial and residential units. The region is increasingly updating its residential sectors into smart homes and residential communities in recent times. The growing real estate and rising smart building projects with solar power grids; doors and windows accessed with smart sensors are propelling the Infrared sensors market growth.

Countries such as China, India are increasingly focusing on the developing automotive industries in their region. The huge customer base for consumer electronics, tablets, smartphones in such countries is further propelling the Infrared sensor market growth. On the other hand, the Infrared sensor market value in North America is driven by the presence of key market players such as Excelitas Technologies (US), Texas Instruments (US), Honeywell International (US), and FLIR Systems (US). The growing economic condition in North America is also considered as the primary driving factor for the Infrared sensor market growth. The well-established market players are partnering with each other and other end-user application industries such as Veoneer, which is a tier-one automotive supplier, who combined to produce the novel thermal sensing technology which is utilized in automated cars.

Competitive Landscape:

  • Excelitas Technologies (US)

  • FLIR Systems, Inc. (US)

  • Hamamatsu Photonics (Japan)

  • Murata Manufacturing (Japan)

  • Texas Instruments (US)

  • Omron Corporation (Japan) 

  • Sofradir

  • Nippon Avionics

  • Raytheon Company 

Recent Developments:

The researchers and developers have been seriously working on developing the features of Infrared sensors in multiple applications. Recently, the Defense Advanced Research Projects Agency has announced their new version of an infrared sensor that is capable of running with zero power consumption. 

One of the leading market players, Si-ware systems have recently developed advanced infrared sensors, which is called a small near-infrared spectral sensor which is compact, however, can be built into a smartphone. On the other hand, this sensor can be utilized in various industrial applications such as food safety analysis, evaluating the composition of oil and gas, the standard of pharmaceutical drugs.

Report Overview:

This Report Has Covered:

  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1,376.9 Million
  CAGR   13.20%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Spectrum Range, Working Mechanism, Type, Detection, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Murata Manufacturing Co., Ltd (Japan), Honeywell International Inc. (US), Sofradir (France), Teledyne Technologies (US), Raytheon Company (US), Texas Instruments Incorporated (US), Hamamatsu Photonics KK (Japan), Omron Corporation (Japan), Nippon Avionics (Japan), Excelitas Technologies Corp. (US), Nippon Ceramic Co. Ltd (Japan), Omron Corporation (Japan), Dali Technology (China), Wuhan Guide Infrared Co., Ltd (China), Qioptiq Ltd (UK), Pelco (US), L-3 Communications Holdings, Inc. (US), General Dynamics Corporation (US), Fluke Corporation (US), FLIR Systems, Inc. (US), E.D. Bullard Company (US), DRS Technologies, Inc. (US), Bosch Security Systems (US), and Axis Communications AB (Sweden)
  Key Market Opportunities

  • The advancements in wireless communication.
  • The rising adoption of 5G technology.
  •   Key Market Drivers

  • The growing need for automation equipment for building automation.
  • The growing preference of consumers toward better energy management.

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    Frequently Asked Questions (FAQ) :

    The segments of the infrared sensor market, by spectrum range, are Mid-Wave IR [MWIR], Short-Wave IR [SWIR], and Long-Wave [LWIR].

    The segments of the infrared sensor market, by working mechanism, are active and passive.

    The infrared sensor market is prognosticated to mark 13.20% over the review period.

    The infrared sensor market is expected to be valued at USD 1,376.9 Million by 2030.

    Murata Manufacturing Co., Ltd (Japan), Sofradir (France), Honeywell International Inc. (US), Teledyne Technologies (US), Texas Instruments Incorporated (US), Raytheon Company (US), Hamamatsu Photonics KK (Japan), Nippon Avionics (Japan), and Omron Corporation (Japan), among others.