Infrared Sensor Market is expected to reach $9.6 billion, growing at a CAGR of 6.2% between 2021-2031

Infrared Sensor Market is expected to reach $9.6bn by 2031 growing at a CAGR of 6.2% between 2021-2031.

Global Infrared Sensor Market report from Global Insight Services is the single authoritative source of intelligence on Infrared Sensor Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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An infrared sensor is an electronic equipment that emits and/or detects infrared radiation to sense particular features of its surroundings. Infrared sensors can also detect motion as well as measure the heat radiated by an object. Sensors that detect and emit light in the infrared region are known as infrared sensors. A light-emitting source, optical components, and a detector are the three main components of infrared sensors. The accuracy and lower power consumption of infrared sensors has prompted various end-user industries to implement them.

COVID 19 IMPACT ANALYSIS:

COVID-19 has posed a significant challenge to national resources and the struggle to adapt to existing technologies while also deploying new, innovative ones. The production of electronic components was temporarily halted in reaction to the worldwide shutdown scenario, impacting the overall supply chain. Infrared sensors in thermal imaging, on the other hand, are in the spotlight because they are used to identify probable COVID-19 patients by detecting temperature differences in their bodies.

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Key Trends and Drivers:
• Infrared sensors can be used in a wide range of end-use applications. Infrared gas analysis systems, flame detection, temperature management systems, and pressure control systems are just a few of the key end-user applications. Broad usage in multiple industries is one of key drivers of infrared sensors market.
• Several advancements in the sector have reduced the size and power consumption of infrared sensors, which is fueling the industry's overall growth.

Market Segments:

By Spectrum Range
• Short-wave Infrared (SWIR)
• Mid-wave Infrared (MWIR)
• Long-wave Infrared (LWIR)

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By Application:
• Aerospace
• Defense
• Industrial
• Medical
• Automotive
• Security
• Consumer electronics

By Technology:
• Thermal detector
• Photodetector

Key Players:

• Murata Manufacturing Inc.
• FLIR Systems
• Omron Corp.
• Texas Instruments
• Infrared Integrated Systems Ltd.
• Melexis NV

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