ID: MRFR/SEM/7153-HCR | February 2021 | Region: Global | 111 pages
Global infrared sensor market is expected to grow from USD 387.4 Million in 2018 to USD 747 Million by 2025, at a CAGR of 10% during the forecast period. The growing need for automation equipment for building automation is fueling the growth of the infrared sensor global market. With infrared sensors, the building automation system can deliver a more fine-grained control of the environment. These sensors use thermopile and microbolometer infrared sensors for the motion detection of people and objects. Additionally, owing to its low requirement, infrared sensors have applications in consumer electronics such as laptops, telephones, and PDAs. Furthermore, the advancements in wireless communication and the rising adoption of 5G technology is expected to boost the market in the coming years. Also, increasing investments in the research and development for integrating infrared cameras in automobiles is expected to enhance the growth of the market. However, these sensors usually get affected by environmental conditions such as rain, fog, dust, and pollution, resulting in reduced demand.
An infrared sensor is an electronic device that has the ability to sense some aspects of its surroundings. It can measure the heat of an object as well as detects the motion by either emitting or detecting infrared radiation. Infrared sensors find applications primarily in night vision devices, infrared astronomy, infrared tracking, and hyperspectral imaging, among others.
The global infrared sensor market has been segmented based on spectrum range, working mechanism, type, detection, end user, and region.
On the basis of the spectrum range, the market has been segmented into short-wave IR (SWIR), mid-wave IR (MWIR), and long-wave (LWIR).
Based on the working mechanism, the market has been segmented into active and passive.
By type, the market has been segmented into thermal infrared sensors and quantum infrared sensors.
Based on detection, the market has been segmented into uncooled infrared sensors and cooled infrared sensors.
On the basis of end-user, the market has been segmented into healthcare, aerospace and defense, automotive, commercial, manufacturing, oil and gas, and others.
The global infrared sensor market, by region, has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America.
The global infrared sensor market is projected to grow at a significant rate during the forecast period from 2019 to 2025. The geographic analysis of the market of infrared sensor has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America.
Asia-Pacific is dominating the market owing to the growing adoption of the Internet of Things (IoT), increasing smart home and smart building projects. Also, the growing preference of consumers toward better energy management is driving the growth of infrared sensor market. North America is expected to be the fastest-growing regional market during the forecast period owing to the increasing adoption of autonomous cars and electric vehicles. The market in Middle East and Africa is expected to show significant growth during the forecast period.
The key players in the infrared sensor market are 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).
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 10% over the review period.
The infrared sensor market is expected to be valued at USD 747 Mn by 2025.
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.