Wilmington, Delaware, United States, May 12, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global infrared sensors market size was worth US$ 680.9 Mn in 2021 and is estimated to reach US$ 1.1 Bn by 2031. The global industry is likely to grow at a CAGR of 5.4% between 2022 and 2031. The market is growing, as more infrared sensors are being used in various end-use sectors, including automotive, aircraft & military, oil & gas, metal & mining, consumer electronics, and pharmaceuticals.
Infrared sensors are used in consumer electronics such as cameras and cellphones. The need for these devices is increasing, as more flexible and dependable IR sensors are being used in healthcare equipment, thermal meters, and spectroscopes.
The global market for infrared sensors is expanding as a result of the increase in usage of technologies such as nanotechnology, Internet of Things (IoT), 3D printing, additive manufacturing, and Industry 4.0. Major firms are developing novel products based on current technological advancements in order to increase their market share.
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Components used in infrared sensors such IR LEDs, photodiodes, cables, and PCBs are manufactured by a number of infrared sensor vendors and manufacturers. Rise in usage of infrared sensors in self-driving automobiles, smart cameras, and smartphones is projected to positively influence infrared sensors industry growth in the near future.
Major firms are developing innovative products to increase sales. In June 2021, TAKEX EUROPE LTD, a well-known Japanese producer of passive and active infrared perimeter intruder detection sensors, confirmed the release of an all-new 12m x 180° triple detection outdoor PIR and microwave sensor built around the anti-masking technology.3
Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 680.9 Mn | |
| Estimated Value | US$ 1.1 Bn | |
| Growth Rate - CAGR | 5.4% | |
| Forecast Period | 2022-2031 | |
| No. of Pages | 333 Pages | |
| Market Segmentation | Wavelength, Type, Mounting, Application, End-use Industry | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
| Companies Covered | Excelitas Technologies, Amphenol Corporation, Flir Systems, Inc., Honeywell International Inc., InfraTec GmbH, KEMET Electronics Corporation (Yageo Group), Murata Manufacturing Co., Ltd, Hamamatsu Photonics K.K., Omron Corporation, Raytheon Company, Teledyne Technologies, Texas Instruments Incorporated, STMicroelectronics | |
Key Findings of Market Report
- Infrared sensors are widely employed in defense, military, and IoT applications, owing to their versatility, low energy use, cost-effectiveness, as well as lightweight attributes. They facilitate the distant detection of infrared light. Real-time motion detection is possible with these sensors. They are ideal for security-related applications
- Infrared sensors are utilized to identify motion and monitor heat when it works together with smart electrical equipment. Market demand for consumer electronics devices, such as tablets, smartphones, and smart televisions, is likely to increase in the next few years. Increase in usage of passive infrared motion sensors in various consumer electronics is another factor propelling the global market for IR sensors.
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Global Infrared Sensors Market: Growth Drivers
- Infrared sensors enable operators to distinguish canal, land, and sea features and to make contact with small boats and patrol boats in close-to-land conditions, in which surface radar capability is constrained. IR sensors are also widely employed in smart home applications. This is expected to fuel market development.
- Rise in acceptance of wearable technologies is expected to drive increasing usage of infrared sensors in the field of consumer electronics. Growing prominence of infrared sensors in the automation industry to increase their market value. Industrial climate control, temperature-change sensor, as well as motion sensing applications commonly utilize pyroelectric integrated circuit sensors.
Global Infrared Sensors Market: Regional Landscape
- In terms of region, North America is anticipated to lead the global market for infrared sensors. Infrared sensors are increasingly used in consumer electronics, security and surveillance systems, and medical imaging in the region. Sophisticated factory automation, digitalization and industrialization, rising investments in industry 4.0 and 5.0, and increased Internet of Things (IoT) penetration are expected to drive market in North America.
Global Infrared Sensors Market: Key Players
Some of the key players in the global infrared sensors market are
- Hamamatsu Photonics K.K.
- KEMET Electronics Corporation (Yageo Group)
- Texas Instruments Incorporated
- Honeywell International Inc.
- Murata Manufacturing Co., Ltd
- Flir Systems, Inc.
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Global Infrared Sensors Market: Segmentation
Wavelength
- 0.75 µm to 3 µm
- 3 µm to 6 µm
- > 6 µm
Type
- Passive IR Sensors
- Active IR Sensors
Mounting
- Through-hole
- SMT
Application
- Gas Analysis
- Missile Guidance
- Spectroscopy
- Temperature Measurement
- Meteorology
- Others
End-use Industry
- Consumer Electronics
- Aerospace & Defense
- Oil & Gas
- Automotive
- Metal & Mining
- Pharmaceutical
- Industrial
- Others
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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