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Infrared Sensor Market worth $1,164.65 million by 2030, growing at a CAGR of 6.34% - Exclusive Report by 360iResearch
Infrared Sensor Market | 360iResearch
The Global Infrared Sensor Market to grow from USD 757.26 million in 2023 to USD 1,164.65 million by 2030, at a CAGR of 6.34%.
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Infrared sensors are electronic devices that detect and measure infrared radiation emitted by objects within their field of view. Infrared radiation is a form of electromagnetic radiation with wavelengths ranging from 700 nanometers (nm) to 1 millimeter (mm). Infrared sensors are designed to detect, measure, and analyze infrared radiation and are utilized in various industries and applications, including consumer electronics, automotive, aerospace & defense, healthcare, and industrial automation. Infrared cameras equipped with specialized sensors are used for thermal imaging in search and rescue operations, building inspection for energy efficiency assessments, monitoring electrical systems for overheating components, and surveillance. They enable the visualization of temperature differences across surfaces, pinpointing areas requiring attention or further investigation. Moreover, increasing demand for automation within various industries, growing awareness about energy conservation initiatives from governments worldwide, and enhanced safety standards have raised the adoption of infrared sensors. However, high costs associated with specific types of infrared sensors and privacy concerns significantly impede the usage of infrared sensors. To address these challenges, companies should focus on research areas such as developing low-cost manufacturing techniques to make infrared sensor technology more accessible and integrating AI & machine learning algorithms to enhance device performance through predictive analytics or pattern recognition features.
In the Americas region, increasing demand from military and homeland security sectors for surveillance and target acquisition, presence of key industry players, and advancements in IoT and wearable devices contribute to the rising adoption of infrared sensors across various industries. Investment in cutting-edge technologies for enhanced security applications propels the demand for advanced infrared sensing solutions across the Americas region. In Asia-Pacific, increasing consumer needs for energy-efficient solutions and technological advancements in IoT devices, wearable electronics, and automation significantly contribute to utilizing infrared sensors. The Chinese government's push towards smart manufacturing under its Made in China 2025 initiative has accelerated technology adoption among manufacturers seeking energy-efficient solutions. Similarly, Indian government initiatives such as Make in India encourage domestic production of electronic components, including infrared sensors, further expanding the market within the country. In Europe, EU countries are adopting infrared technology for automotive safety systems, building automation, and industrial process control. The European Union's commitment to decreasing carbon emissions has led to increased investments in thermal insulation monitoring using infrared sensors. The Middle East has experienced rapid expansion of smart city projects that integrate advanced technologies, including infrared sensors. Governments' focus on enhancing public safety measures drives demand for surveillance systems with high-resolution imaging capabilities using infrared technology. With increasing investments in technological innovation across healthcare, agriculture, and wildlife conservation, Africa offers substantial prospects for market penetration.
Market Segmentation & Coverage:
This research report categorizes the Infrared Sensor Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Spectrum Range, market is studied across Long-wave Infrared (LWIR), Mid-wave Infrared (MWIR), and Short-wave Infrared (SWIR). The Long-wave Infrared (LWIR) is projected to witness significant market share during forecast period.
Based on Working Mechanism, market is studied across Active and Passive. The Passive is projected to witness significant market share during forecast period.
Based on Detection Type, market is studied across Cooled and Uncooled. The Uncooled is projected to witness significant market share during forecast period.
Based on Application, market is studied across Gas & Fire Detection, Motion Sensing, Security & Surveillance, Spectroscopy, and Temperature Measurement. The Temperature Measurement is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Aerospace & Defense, Automotive, Chemical, Consumer Electronics, Healthcare, Mining, and Oil & Gas. The Mining is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Infrared Sensor Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Infrared Sensor Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Infrared Sensor Market, highlighting leading vendors and their innovative profiles. These include Amphenol Advanced Sensors, Analog Devices, Inc., Angst+Pfister Sensors and Power AG, Asahi Kasei Microdevices Corporation, BAE Systems PLC, Continental AG, Drägerwerk AG & Co. KGaA, Excelitas Technologies Corp., Hamamatsu Photonics KK, Honeywell International Inc., InfraTec GmbH, KEYENCE CORPORATION, Lynred, Melexis NV, Mitsubishi Electric Corporation, Murata Manufacturing Co., Ltd., NXP Semiconductors N.V., Omron Corporation, OSRAM GmbH, Panasonic Corporation, Parallax Inc., Parker Hannifin Corp, Proxitron GmbH, Robert Bosch GmbH, Seiko Epson Corporation, SICK AG, STMicroelectronics N.V., TDK Corporation, TE Connectivity, Teledyne Technologies Inc., Texas Instruments Incorporated, Texys International SARL, Trinity Electronics Systems Ltd., VEX Robotics, Inc. by Innovation First International, Inc., and Yole Group.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Infrared Sensor Market, by Spectrum Range
7. Infrared Sensor Market, by Working Mechanism
8. Infrared Sensor Market, by Detection Type
9. Infrared Sensor Market, by Application
10. Infrared Sensor Market, by End-User
11. Americas Infrared Sensor Market
12. Asia-Pacific Infrared Sensor Market
13. Europe, Middle East & Africa Infrared Sensor Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Infrared Sensor Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Infrared Sensor Market?
3. What is the competitive strategic window for opportunities in the Infrared Sensor Market?
4. What are the technology trends and regulatory frameworks in the Infrared Sensor Market?
5. What is the market share of the leading vendors in the Infrared Sensor Market?
6. What modes and strategic moves are considered suitable for entering the Infrared Sensor Market?
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