Infrared Sensor Market is Forecasted to Reach US$ 1.4 billion in 2028, Says Stratview Research

The global infrared sensor market is projected to witness a growth rate of 5.1% annually from 2023 to 2028, with an anticipated size of US$ 1.4 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global infrared sensor market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 1.4 billion
Growth (CAGR): 5.1% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 2
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Infrared Sensor Market:

The global infrared sensor market is segmented based on product type, and region.

Based on product type - The infrared sensor market is classified as thermal detectors and thermal imagers. Between the two product types, thermal imagers are expected to remain the dominant segment during the forecast period, owing to their applications in a wide range of industries, including automotive, aerospace, military, and security. In addition, thermal imagers also have several advantages over traditional IR sensors, such as cost-effectiveness, small size, high sensitivity, uncooled operation, and improved resolution, which make them one of the most preferred IR sensors. On the other hand, the thermal detector is estimated to witness the fastest market growth in the coming years, owing to its lower cost as compared to the thermal imager and increasing demand in a wide range of applications such as temperature measurement, gas sensing, and motion detection due to their features like non-contact temperature measurement, quick response time, and wide detection range.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/3373/infrared-sensor-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for infrared sensors during the forecast period. This growth outlook is majorly attributed to the following-

• This region is home to many Chinese and Japanese players, such as NICERA, Wuhan Guide Sensmart Tech Co., Ltd., Global Sensor Technology, and Murata Manufacturing Ltd.
• Moreover, the region has been witnessing significant demand in industries such as aerospace, defense, automotive, and healthcare in recent years, particularly in countries like China, India, Japan, and South Korea.

Infrared Sensor Market Drivers:

Some of the key drivers listed in the report are given below.
The demand for IR sensors is on the rise and this is supported by the drive for automation in numerous industries, such as the industrial, aerospace, and automotive industries.
There has been a steady rise in the demand for IR sensors in smartphones and wearables, among other consumer gadgets, and this has been a boost to the main market. These sensors are facial recognition sensors, proximity sensors, and so forth that are useful for the individualization of the device and improvement of the user's experience and security. Another factor that is driving the market for IR sensors forward is the increase in smart houses and building automation systems, where they are employed for motion detection, temperature control, and even occupancy detection.

Top Companies in the Infrared Sensor Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Teledyne Technologies Incorporated
• Excelitas Technologies Corp.
• Lynred
• NICERA
• Seek Thermal
• Murata Manufacturing Co., Ltd.
• Melexis
• Heimann Sensor GmbH
• Wuhan Guide Sensmart Tech Co., Ltd.
• Global Sensor Technology

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Infrared Sensor Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Thermal Imager Market: https://www.stratviewresearch.com/3375/thermal-imager-market.html
• Thermal Detector Market: https://www.stratviewresearch.com/3374/thermal-detector-market.html

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This release was published on openPR.