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Global Infrared Sensor Market - Segmented, by Spectrum Range (Long Wave, Short Wave), Functionalities (Thermal and Quantum), Working Mechanism (Active and Passive), End-user Industry, and Region - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-13104242 | Publishing Date : 18-Aug-2018 | No. of pages : 95
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Infrared Sensor (IR) market is expected to register a CAGR of over 12.5% during the forecast period (2018 - 2023). The scope of the report is limited to spectrum range of infrared sensor, its functionalities, working mechanism, and various end-user industries. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The infrared sensor is an electronic device used to sense specific characteristics of its surroundings by either emitting or detecting infrared radiation. With the advancements in technology, infrared sensors have become light in weight, and have also become more affordable. In addition to this, the power consumption in such sensors is too low, and these factors are contributing in infrared sensors gaining traction, in a variety of applications ranging from the military to IoT applications. The decline in IR sensor prices is also affecting the growth of the market. Lower prices are increasing its adoption in consumer electronic equipment and communication devices. Advancements in packaging technology, such as micro-electro-mechanical systems (MEMSs) and 3D integrated circuits, have helped the industry reduce the size, power consumption, and cost of sensors. However, issues related to huge manufacturing costs are estimated to challenge the growth of the market.
Growing Demand for Home Automation Products and Smart Devices
Increasing machine to machine communication, large-scale digitization, and changing lifestyles, and preferences of consumers are likely to drive the demand for smart devices among consumers. This has led to increased adoption of connected infrastructures, such as connected homes, connected cars, etc., revolutionizing the way people interact, socialize, entertain, and communicate.
According to My Alarm Center, on an average, people with home automation receive home insurance savings of 20%. With the growing smart home revolution, infrared sensors are being adopted by companies, such as LG and Samsung in various smart appliances to detect the presence of the person and switch on and off the device accordingly. Infrared sensors can also be used to control various residential applications, such as automatic door opening systems, lawn sprinklers, and automatic curtain controller.
Asia-Pacific to be the Fastest Growing Market
Asia-Pacific is projected to be the fastest growing region for infrared sensor market, owing to the increasing technological advancements in China, Japan, and South Korea, along with the rising demand for consumer electronics across the region. Growing demand for motion sensing and surveillance systems are further expected to drive the infrared sensor market in Asia Pacific region.
The automotive sector is one of the largest in the region with the presence of several major car manufacturers, including Toyota, Honda, Nissan, Suzuki, and Mitsubishi. IR sensors are strongly involved in testing and automotive parts manufacturing, such as in automotive climate control and windshield anti-fog sensing. Increasing car production is expected to drive the IR sensors market growth.
Moreover, IR applications is expected to grow at a faster pace in China due to growing investment in military and defense sectors to detect a ballistic missile attack. The market for infrared temperature sensor is also expected to grow rapidly in Japan due to their use in automotive and defense application. These factors are, thus, anticipated to drive the demand for the infrared sensor market, as the sensors are highly useful for safety and monitoring purposes due to their compact size and ability to detect infrared light from far distances.
Key Developments in the Market
• July 2018: Xiaomi integrated a low-power IR vertical cavity surface-emitting laser (VCSEL) array from Austrian high-performance sensor maker ams AG in its new flagship smartphone for user facial recognition.
• June 2018: Teledyne Technologies entered into partnership with NASA for USD 23 million to build infrared sensors for NASA's Wide Field Infrared Survey Telescope (WFIRST), which may help in searching exoplanets.
Major Players: WUHAN GUIDE INFRARED CO., LTD, NIPPON AVIONICS CO. LTD., FLIR SYSTEMS, INC., INFRARED INTEGRATED SYSTEMS LTD, DRS TECHNOLOGIES, INC., ZHEJIANG DALI TECHNOLOGY CO., LTD, MURATA MANUFACTURING CO. LTD, BOSCH SECURITY SYSTEMS, INC., GENERAL DYNAMICS CORPORATION, and AXIS COMMUNICATIONS AB, among others.
Reasons to Purchase this Report
• Current and future infrared sensor market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
The infrared sensor is an electronic device used to sense specific characteristics of its surroundings by either emitting or detecting infrared radiation. With the advancements in technology, infrared sensors have become light in weight, and have also become more affordable. In addition to this, the power consumption in such sensors is too low, and these factors are contributing in infrared sensors gaining traction, in a variety of applications ranging from the military to IoT applications. The decline in IR sensor prices is also affecting the growth of the market. Lower prices are increasing its adoption in consumer electronic equipment and communication devices. Advancements in packaging technology, such as micro-electro-mechanical systems (MEMSs) and 3D integrated circuits, have helped the industry reduce the size, power consumption, and cost of sensors. However, issues related to huge manufacturing costs are estimated to challenge the growth of the market.
Growing Demand for Home Automation Products and Smart Devices
Increasing machine to machine communication, large-scale digitization, and changing lifestyles, and preferences of consumers are likely to drive the demand for smart devices among consumers. This has led to increased adoption of connected infrastructures, such as connected homes, connected cars, etc., revolutionizing the way people interact, socialize, entertain, and communicate.
According to My Alarm Center, on an average, people with home automation receive home insurance savings of 20%. With the growing smart home revolution, infrared sensors are being adopted by companies, such as LG and Samsung in various smart appliances to detect the presence of the person and switch on and off the device accordingly. Infrared sensors can also be used to control various residential applications, such as automatic door opening systems, lawn sprinklers, and automatic curtain controller.
Asia-Pacific to be the Fastest Growing Market
Asia-Pacific is projected to be the fastest growing region for infrared sensor market, owing to the increasing technological advancements in China, Japan, and South Korea, along with the rising demand for consumer electronics across the region. Growing demand for motion sensing and surveillance systems are further expected to drive the infrared sensor market in Asia Pacific region.
The automotive sector is one of the largest in the region with the presence of several major car manufacturers, including Toyota, Honda, Nissan, Suzuki, and Mitsubishi. IR sensors are strongly involved in testing and automotive parts manufacturing, such as in automotive climate control and windshield anti-fog sensing. Increasing car production is expected to drive the IR sensors market growth.
Moreover, IR applications is expected to grow at a faster pace in China due to growing investment in military and defense sectors to detect a ballistic missile attack. The market for infrared temperature sensor is also expected to grow rapidly in Japan due to their use in automotive and defense application. These factors are, thus, anticipated to drive the demand for the infrared sensor market, as the sensors are highly useful for safety and monitoring purposes due to their compact size and ability to detect infrared light from far distances.
Key Developments in the Market
• July 2018: Xiaomi integrated a low-power IR vertical cavity surface-emitting laser (VCSEL) array from Austrian high-performance sensor maker ams AG in its new flagship smartphone for user facial recognition.
• June 2018: Teledyne Technologies entered into partnership with NASA for USD 23 million to build infrared sensors for NASA's Wide Field Infrared Survey Telescope (WFIRST), which may help in searching exoplanets.
Major Players: WUHAN GUIDE INFRARED CO., LTD, NIPPON AVIONICS CO. LTD., FLIR SYSTEMS, INC., INFRARED INTEGRATED SYSTEMS LTD, DRS TECHNOLOGIES, INC., ZHEJIANG DALI TECHNOLOGY CO., LTD, MURATA MANUFACTURING CO. LTD, BOSCH SECURITY SYSTEMS, INC., GENERAL DYNAMICS CORPORATION, and AXIS COMMUNICATIONS AB, among others.
Reasons to Purchase this Report
• Current and future infrared sensor market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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