Development of micro-electro systems allowing miniaturization of component elements along with advanced micro-fabrication techniques are offering lucrative growth opportunities for the infrared sensor market
Advanced integration of micro-machining technology systems are augmenting growth of the global infrared sensor market. The market is rigorously advancing reaching a total size of USD 1.5 billion at an estimated CAGR of 13% over the forecast years 2018 to 2028. Infrared sensors are used as an electronic instrument to detect infrared radiations from objects to determine the significance of surrounding objects.
Infrared sensors initiate action of detection with the IR light source emanating the light along with the optical components reflecting the light, and the infrared detectors. In case of automotive vehicles integrated with infrared sensors, these instruments help measure the total heat radiated from a particular object in the vehicle’s vicinity followed by determination of motion which in turn emits light that is categorised based on the IR wavelength range.
Infrared sensors are popularly used as a part of small gadgets, smart devices, larger and rather complex machines and within facilities that require monitoring of a controlled environment.
The existing growth curve of the global infrared sensor market is accompanied with the future potential progress of the industry prominently highlighting the market attractiveness and emerging trends. Key influential factors of the global infrared sensor market particularly focus on the potential opportunities during the forecast period.
Factors such as rapidly rising investments in the security market with advancing approach on surveillance systems requiring IR sensors along with growing infrastructure development of smart cities or smart home is accelerating the market growth.
Automotive industry is scaling up the demand for IR detectors with advancing technological development of cars leading to the emergence of connected and autonomous cars which is a major driver boosting the growth of the global infrared sensor market. expanding electronic industry is also propelling the demand for infrared sensor-based circuits thereby enhancing the market growth.
Adroit Market Research report on the global infrared sensor market gives an all-inclusive overview of the market from 2018 to 2028 throughout which the report studies major factors including the market drivers, restrains, trends, opportunities and challenges. The market study traces back through the historic years from 2018 to 2020 with 2020 set as the base year of market assessment followed by the future forecast period from 2021 to 2028. The report inculcates deeper insights into the current market status and future outlook of the global infrared sensor market. also, the study further evaluates the market based on the Poter’s five forces analysis and efficiently positions the key players identified as the prominent operators of the global infrared sensors market based on their strategic initiatives, revenue scales and patterns and product portfolio.
The infrared sensor market projects a solid competitive environment amongst the well-known large-scale market players alongside new entrants. Also, the infrared sensor industry players are pursuing new markets with potential scope for growth in order to attain a competitive advantage among other industry players by initiating mergers and collaboration with other large-scale industry players, acquisitions and agreements with smaller start-ups thereby expanding business presence.
Based on the Type Segment, the market is compartmentalised into pyroelectric, MCT, INGaas, thermopile, microbolometer and others. Widespread applications of the vast ranging types of infrared sensors are expected to contribute to the overall growth of the IR sensor market. Pyroelectric is a widely sued flame detection sensor whereas thermopile is a crucial component detecting temperature. MCT is expected to witness surge in demand with increasing use of IR sensors across the defense and military sector.
Asia Pacific is anticipated to register exponential hike in growth across developing economies like India and China along with the establishment of large-scale IR sensor manufacturers in Japan driving highly-advanced and innovative product development efforts collaborating with other industry entities to enhance the current portfolio of capabilities of the infrared sensors.
North America dominated the market in the past with a significant share accountability owing to the solid geographic footprint of the U.S. the region has a strong technological infrastructure supporting extensive product development projects coupled with massive investments driven by the industrial players.
The major players of the global infrared sensors market are Omron Corp, General Dynamics, Murata Manufacturing, Infrared Integrated Systems, FLIR Systems, Nippon Avionics, Wuhan Guide Infrared, L3 technologies, Texas Instruments, Raytheon, Hamamatsu Photonics, Honeywell International and Excelitas Technologies.
The infrared sensor market comprises of well-established local players along with international market participants. The recognized industry players are coming up with innovative strategies and advanced manufacturing techniques to sustain in the global competition.
Key Segments of the Global Infrared Sensors Market
Type Overview, 2018-2028 (USD Billion)
- MCT/Mercury Cadmium Telluride
- INGaas/Indium Gallium Arsenide
Technology Overview, 2018-2028 (USD Billion)
Application Overview, 2018-2028 (USD Billion)
- Security and Surveillance
- People and Motion Sensing
- Scientific Applications
- Spectroscopy and Biomedical Imaging
- Temperature Measurement
- Gas and Fire Detection
Wavelength Overview, 2018-2028 (USD Billion)
- NIR & SWIR
Industry Vertical Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- India China
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa