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Infrared Sensors Market

Infrared Sensors - Global Market Outlook (2020-2028)

4.6 (35 reviews)
Published: April 2021 ID: SMRC20466
4.6 (35 reviews)
Published: April 2021 ID: SMRC20466

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Infrared Sensors Market is accounted for $485.95 million in 2020 and is expected to reach $1,203.21 million by 2028 growing at a CAGR of 12.0% during the forecast period. Rising need for wireless communications, growing trend of video surveillance, surge in investment in the security market, and increasing investments in autonomous cars are the major factors propelling the market growth. However, high manufacturing cost is hampering the market growth.

Infrared sensors are components which can detect and produce light in the IR wavelength range. It is an electronic instrument which is used to sense certain characteristics of its surroundings by either emitting and/or detecting infrared radiation. These sensors are also capable of measuring the heat being emitted by an object and detecting motion. It can measure heat radiated by an object and detect motion, which produces light in IR wavelength range. IR sensors have IR light source, medium, optical components and the IR detector. The medium can be a vacuum in case of thermal imaging systems or can be atmosphere. With the advancements in technology, infrared sensors have become light in weight and have also become more affordable. Also, the power consumption in such sensors is too low.

Based on spectrum range, the long wave infrared (LWIR) segment is going to have a lucrative growth during the forecast period owing to the rising demand for long-wave IR from the defense and military vertical for security and surveillance application. Long-wave IR products are of lower cost as compared to short-wave IR and medium-wave IR and is witnessing its demand in other industries, such as food & beverage, healthcare, aerospace, and automotive. All these factors are likely to surge the growth of the long-wave IR segment in the global infrared detector market.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the established electronics industry and rising technological advancements in economies, such as Japan, China, and South Korea. Over the years, the region has been witnessing growing penetration of Internet of Things (IoT) and increasing consumer preference toward better energy management systems. Factors such as these are driving the demand for smart home automation technology, which, in turn, boosts the demand for IR sensors. Furthermore, various governments across the countries such as China, India, and South Korea are actively trying to strengthen the IoT platforms by entering into various public and private collaborations to leverage IoT advancements for automation and other industrial applications. Such collaborations are reinforcing the development of the market in the region. The presence of key market players in the region, rapid industrialization, increased application of infrared detectors in the residential and consumer electronics sector, primarily in manufacturing sectors, increase in demand for better security and monitoring systems, and rise in government initiatives in the aerospace and defence sector have fuelled the market growth.

Some of the key players profiled in the Infrared Sensors Market include Austria Micro Systems (AMS) AG, Axis Communications AB, Bosch Security Systems, Broadcom, Dali Technology, Excelitas Technologies Corp, FLIR Systems, Inc., Fluke Corporation, General Dynamics Corporation, Honeywell, Melexis NV, Murata Manufacturing Co. Ltd, Nippon Avionics, Omron Corporation, Pelco, Raytheon Company, Sofradir, TE Connectivity, Teledyne Technologies, and Texas Instruments Incorporated.
 
Types Covered:

• Thermopile IR Sensor
• Pyroelectric IR Sensor
• Passive Infrared Sensor (PIR) Motion Sensor
• Infrared (IR) Photodiode Sensor
• Infrared (IR) Image Sensor
• Infrared (IR) Photo Interrupter
• Mercury Cadmium Telluride (MCT)
• Indium Gallium Arsenide (InGaAs)
• Microbolometer (Thermal Camera)
• Communication Modules (IrDA)
• Infrared (IR) Receivers
• Infrared (IR) Linear Arrays
• Tilt Sensor
• Photo Reflector
• Photodiode Sensor
• Infrared (IR) Emitters (LEDs)

Cooling Types Covered:
• Cooled Infrared Sensor
• Uncooled Infrared Sensor

Working Mechanisms Covered:
• Active
• Passive

Spectrum Ranges Covered:
• Far Infrared (FIR)
• Long Wave Infrared (LWIR)
• Mid Wave Infrared (MWIR)
• Short Wave Infrared (SWIR)

Applications Covered:
• Building Automation
• Gas and Fire Detection
• Internal Temperature Measurement
• Motion Sensing
• Spectroscopy
• Radiation Thermometers
• Flame Monitors
• Moisture Analyzers
• Gas Analyzers
• Infrared (IR) Imaging Devices

End Users Covered:
• Aerospace
• Automotive
• Commercial Applications
• Healthcare
• Manufacturing
• Military & Defense
• Oil and Gas
• Semiconductor
• Telecommunication
• Mining
• Security and Surveillance

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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