A recent report published by Infinium Global Research on infrared sensor market provides in-depth analysis of segments and sub-segments in global as well as regional infrared sensor market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional infrared sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global infrared sensor market. According to the report the global infrared sensor market is projected to grow at a CAGR of X.X% over the forecast period of 2018-2024.

Market Insight

Infrared radiation is an electromagnetic wave with a wavelength range from 700 nm to 1 mm. Objects with the temperature above zero kelvin emit infrared radiations. However, the intensity and wavelength of infrared radiation depend on the temperature of the object. An infrared sensor is an electronic instrument that is used to sense certain characteristics of its surrounding by either emitting or detecting infrared radiations. Infrared technology finds applications in many everyday products for instance television. The key applications of infrared sensors are in night vision devices, Infrared Astronomy, and Infrared Tracking. The major application of the infrared sensors is in the military sector for motion imagery that helps in the identification of potential targets. A passive infrared sensor is an electronic sensor that measures infrared light radiating from objects in its field of view. They are most often used in passive infrared-based motion detectors.

High Adoption in security and surveillance application and Increasing adoption of infrared cameras in the inspection and quality control application are the major factors driving the growth of the infrared sensor market. In addition, the high popularity of uncooled infrared cameras is anticipated to boost the market during the forecast period. The rising demand for wearable technology is slated to increase the demand for infrared sensors in the consumer electronics segment. However, factors such as humidity, constantly changing temperature and dusty environments can cause problems in the working of infrared sensors as it affects the sensitivity of the detectors of the infrared sensors which in turn, is likely to hamper the growth of the infrared sensor market. Furthermore, low power consumption and increasing demand for infrared sensors in gaming are projected to create immense growth opportunities for the key players in the infrared sensors market.

Among the geographies, Asia-Pacific is projected to be the dominating region followed by Europe in the infrared sensors market. North America has been registering greater demand for infrared sensors and is expected to continue doing so throughout the forecast period. Moreover, the adoption of infrared sensors for unmanned aerial vehicles and drones is likely to drive the market growth in the European region. In addition, the increasing usage of infrared sensors in motion sensing and various other defense applications is estimated to boost the North America market for infrared sensors in the upcoming years.

Segment Covered

The report on global infrared sensor market covers segments such as type, detection type, products, and end use industry.  On the basis of type, the global infrared sensor market is categorized into passive and active. On the basis of the detection type, the global infrared sensor market is categorized into cooled and uncooled. On the basis of products the global infrared sensor market is categorized into the laser, led and others. On the basis of end use industry, the global infrared the sensor market is categorized into automotive, oil and gas, healthcare, consumer electronics, aerospace and defense, chemical, mining, and others.

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in the European region. 

The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.

Companies Profiled:

The report provides profiles of the companies in the global infrared sensor market such as Panasonic, Vishay, Honeywell, Texas, Murata Manufacturing, Hamamatsu Photonics, InfraTec GmbH, Excelitas Technologies, Teledyne and FLIR Systems, Inc.

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global infrared sensor market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of infrared sensor market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the infrared sensor market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the infrared sensor market to understand the present and future trends in this market and formulate their strategies accordingly.