Industry Analysis
The infrared sensor market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 9.80% and reach an estimated value of USD 986.69 million in the forecast period of 2021 to 2028. The increasing adoption of infrared detectors in motion and people sensing solutions is a crucial factor driving the growth of the infrared sensor market.
Infrared detectors are capable of detecting infrared radiation, which can be used to measure heat and motion. They are integrated into various devices used for surveillance, automobiles, testing, detection, and measurement. Infrared detectors that convert infrared radiation into electrical signals are among the most significant types of sensors in defense system applications. They also play a vital role in other fields such as automotive, medical, industrial, security, and consumer electronics.
Infrared Sensor Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
The infrared sensor market is experiencing significant growth due to various factors, including the increased adoption of infrared detectors in gas analysis, fire detection, and non-contact temperature measurement applications. Other contributing factors include the growing demand for automation equipment in building automation, the adoption of 5G technology, research and development investments for integrating infrared cameras in automobiles, increased investment in the security market, and the rising trend of video surveillance and autonomous cars. Additionally, the increasing demand for infrared detectors from emerging countries and the expanding application areas of infrared spectroscopy techniques are expected to create new opportunities for the infrared sensor market in the aforementioned forecast period.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Semiconductors and Electronics industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
Infrared sensor market is segmented on the basis of spectrum range, working mechanism, type, detection and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of spectrum range, the infrared sensor market is segmented into short-wave IR [SWIR], mid-wave IR [MWIR] and long-wave [LWIR].
- Based on working mechanism, the infrared sensor market is segmented into active and passive.
- Based on type, the infrared sensor market is segmented into thermal infrared sensors and quantum infrared sensors.
- Based on detection, the infrared sensor market is segmented into uncooled infrared sensors and cooled infrared sensors.
- The infrared sensor market is also segmented on the basis of end-user into healthcare, aerospace and defense, automotive, commercial, manufacturing, oil and gas and others.
Market Country Level Analysis
- The countries covered in the infrared sensor market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Industry Share Analysis
- The major players covered infrared sensor market report are Murata Manufacturing Co., Ltd, Honeywell International Inc, Lynred, Teledyne Technologies Incorporated, Raytheon Technologies Corporation, Texas Instruments Incorporated, Hamamatsu Photonics K.K. and its affiliates, OMRON Corporation, Excelitas Technologies Corp, Nippon Avionics Co.,Ltd, NICERA ALL, Zhejiang Dali Technology Co.,Ltd, WUHAN-GUI, Excelitas Technologies Corp., General Dynamics Corporation, L3Harris Technologies, Inc, Fluke Corporation, Leonardo DRS, Bosch Security Systems, LLC and Axis Communications AB among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
Infrared Sensor Market Report Answers the Following Questions:
What is the expected growth rate of the Infrared Sensor Market during the forecast period?
What are the various factors that are likely to drive the growth of the Infrared Sensor Market?
What are the major challenges faced by the Infrared Sensor Market, and how are they being addressed?
Who are the key players operating in the Infrared Sensor Market, and what are their strategies for growth?
What are the emerging trends in the Infrared Sensor Market, and how are they expected to shape the market in the coming years?
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