Global Infrared Sensor Market Report, published by Variant Market Research, forecast that the global market is expected to reach $692 Million by 2024 from $286 Million in 2016, growing at a CAGR of 11.7% from 2016 to 2024. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 12.1% and 11.9%, respectively, during the forecast period.
Global Infrared Sensor Market Report, published by Variant Market Research, forecast that the global market is expected to reach $692 Million by 2024 from $286 Million in 2016, growing at a CAGR of 11.7% from 2016 to 2024.
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Infrared sensor is an electronic equipment used to sense features from its environments either by detecting or transmitting infrared radiations. Infrared sensors are also proficient of determining the heat emitted by an object & detecting motion.
They are used in a numerous applications such as in the field of medicine, science, communications, agriculture, remote sensing from space, and others.
Wavelength region, response speed, photo sensitivity, active area, and including others are the parameters those have to be checked before selecting an infrared detector for any application.
Growing demand for consumer electronics drives the global infrared sensors market
The major factors to drive the global infrared sensor market are growing demand for consumer electronics, and increasing applications of this sensors in military & civil applications. However, high cost of this technology, and stringent government regulations may act as the major hindrance for the market growth.
Moreover, technological advancements, and application in uncooled infrared sensors for remote sensing is expected to create numerous growth opportunities for the market in the forecast timeframe.
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The global infrared sensor market is mainly classified on the basis of working mechanism, detection segments, functionality segments, end-user, and geography. The working mechanism includes active IR sensor, and passive IR sensor.
By detection, it is divided into cooled IR sensor, and uncooled IR sensor. Functionality segments comprises quantum infrared sensor, and thermal infrared sensor.
Furthermore, by end-user the market consist of consumer electronics, aerospace & defence, chemicals, pharmaceuticals, oil & gas, mining, and among others.
Passive IR sensor held the major share in working mechanism
Passive infrared sensor dominated the working mechanism segment with 56.3%, in 2016. The growth is attributed due to its most often used in PIR based motion detectors.
Functionality segment is dominated by thermal IR sensor
In 2016, The thermal infrared sensor occupied the largest share in the functionality segment with 57.5%, driven by their accurate and efficient usage in thermal sensing and remote sensing.
Oil & Gas dominated the End-use segment
Oil & Gas accounted for the supreme market share in end-use segment with around 20.4%, followed by mining with 14.8% of the total market share.
North America accounted for the largest share in the global infrared sensor market
North America generated the largest revenue in global infrared sensor market with 33.4%, in the year 2016. While, Asia-Pacific is expected to achieve the fastest CAGR during the forecast period i.e.
2016 – 2024, and is anticipated to endure this inclination driven by rising demand for smartphones & smart TVs together with increasing growth in commercial and industrial computerization.
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In August 2017, Hamamatsu Photonics has developed the low cost 1D InGaAs image sensor i.e. G13913 series by engaging a small size leadless chip-carrier package.
These image sensors are used widely for near infrared spectroscopy. The key market players include Hamamatsu Photonics, Honeywell International Inc., Excelitas Technologies Corp., Ltd, Nippon Avionics, Texas Instruments Inc., Raytheon Company, Omron Corporation, Murata Manufacturing Co., Nippon Ceramic Co.
Ltd, and Sofradir among others.
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
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