Infrared Sensor Market Overview :
Global Infrared Sensor Market is estimated to reach $692 million by 2024; growing at a CAGR of 11.7% from 2016 to 2024. Infrared sensor is an electronic device which is used to sense characteristics from its surroundings by either transmitting or detecting infrared radiations. They are used in wide range of applications and new applications are constantly developing. For instance, in November 2016, Excelitas Technologies Corp. introduced its CaliPile sensors, that represent a new range of intelligent IR sensors including highly-sensitive infrared detectors and associated electronic circuitry. Infrared sensors are used in a number of applications in the field of agriculture, medicine, science, communications, remote sensing from space and among others. By type, infrared sensors market is classified into thermal and quantum. Wavelength region, photo sensitivity, response speed, active area, and among others are the parameters those have to be checked before selecting an infrared detector for any application.
Increasing applications of infrared sensors in military as well as civil applications are the major factors supporting the growth of the global infrared sensor market. Moreover, increasing disposable income which has led to increase in demand for smartphones and tablets coupled with expanding computerization of building and industrial sector would support the growth of the market. However, high cost in manufacturing and stringent rules and regulations by government may hinder the growth of the infrared sensors market. Furthermore, consumer electronics, smartphone, healthcare and defense sector would provide growth opportunity in the upcoming years.
The global infrared sensor market is segmented based on the working mechanism, detection, functionality, end-user and geography. By working mechanism, it is further segmented into passive IR sensor and active IR sensor. By detection, it is segmented into uncooled IR sensor and cooled IR sensor. Furthermore, functionality is segmented into thermal infrared sensor and quantum infrared sensor. The global infrared sensors market by end-users can be segmented into consumer electronics, chemicals, aerospace & defense, oil & gas, mining, pharmaceuticals and others.
By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, France, Italy and others. Asia-Pacific covers China, Japan, India and others. Rest of the world (RoW) covers South America, Middle East and Africa..
The key market players of global infrared sensors market include Honeywell International Inc., Hamamatsu Photonics, Nippon Avionics, Excelitas Technologies Corp., Murata Manufacturing Co., Ltd, Raytheon Company, Nippon Ceramic Co. Ltd, Texas Instruments Inc., Omron Corporation, and Sofradir, among others.
The key takeaways from the report
- The report will provide detailed analysis of Infrared Sensor Market with respect to major segments such as working mechanism, detection, functionality and end-user
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities is included in the report
- An exhaustive regional analysis of Infrared Sensor Market will be provided in the report
- Profile of the key players in the Infrared Sensor Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Infrared Sensor Market
Working Mechanism Segments
- Passive IR Sensor
- Active IR Sensor
- Uncooled IR Sensor
- Cooled IR Sensor.
- Thermal Infrared Sensor
- Quantum Infrared Sensor
- Consumer Electronics
- Aerospace & Defense
- Oil & Gas
- North America
- South America
- Middle East