openPR Logo
Press release

Infrared Sensor Market: Rising Security Concerns to Fuel Uptake of Infrared Sensors

11-22-2017 12:43 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The significant rise in security concerns among consumers and the growing demand for consumer electronics products is impacting the global market for infrared sensors greatly. The massive demand for security at commercial places, such as offices, hospitals, and hotels is likely to push the growth of this market upward in the next few years.

Apart from this, the decline in the retail prices of these sensors is also estimated to bolster the demand for infrared sensors remarkably over the next few years. The rising trend of automation across end users, such as the semiconductor and electronics, aerospace and defense, and the medical and healthcare industries is another important factor that is expected to boost the growth of the infrared sensor market, globally, in the years to come.

The global market for infrared sensors stood at US$238.8 mn in 2015. Rising at a healthy CAGR of 12.80% from 2015 to 2024, the opportunity in this market is likely to touch US$692.8 mn by the end of 2024.

Obtain Report Details @

https://www.transparencymarketresearch.com/infrared-sensors-market.html

North America to Continue Leading Global Infrared Market

On the basis of the geography, the worldwide market infrared sensors has been categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America and Europe, amongst these, have emerged as the leading regional markets for infrared sensors, accounting for a collective share of more than 55% in the overall market in 2015.

The Europe market for infrared sensors is highly driven by the growing demand for these sensors in the U.K, Germany, France, Russia, Italy and the Rest of Europe. The high demand for motion sensing and the increasing usage of infrared sensors in unmanned aerial vehicles and drones are expected to propel this regional market substantially over the coming years.

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15056

Aerospace and Defense Sector to Report Higher Demand Rate

The consumer electronics, aerospace and defense, oil and gas, chemical, mining, and the pharmaceuticals sectors have surfaced as the prime end user of infrared sensors across the world. Among these, the oil and gas and the consumer electronics sectors have been registering a significantly greater demand for infrared sensors than other end users. However, the aerospace and defense sector is anticipated to report a higher demand rate in the years to come.

Honeywell International Inc., Texas Instrument, FLIR Systems, Infratec GmbH, Teledyne, Excelitas Technologies, Murata Manufacturing, Hamamatsu Photonics, Raytheon, and Nippon Avionics are some of the key vendors of infrared sensors across the world.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Infrared Sensor Market: Rising Security Concerns to Fuel Uptake of Infrared Sensors here

News-ID: 828598 • Views:

More Releases from Transparency Market Research

Middle East District Heating Market to Reach USD 8.6 Billion by 2034, Growing at 2.1% CAGR
Middle East District Heating Market to Reach USD 8.6 Billion by 2034, Growing at …
The Middle East district heating market is set to grow steadily as rapid urbanization, sustainable development programs, and heightened energy efficiency awareness drive demand. Valued at US$ 6.7 Bn in 2023, the market is projected to reach US$ 8.6 Bn by 2034, with a compound annual growth rate (CAGR) of 2.1% from 2024 to 2034. Improvements in district heating systems-including smart grid solutions, advanced controls, and digital optimization tools-are enhancing
Middle East & Africa Mining and Processing Equipment Market to Reach USD 448.0 Million by 2031 at 5.4% CAGR
Middle East & Africa Mining and Processing Equipment Market to Reach USD 448.0 M …
The Middle East & Africa (MEA) mining, material handling, and mineral processing equipment market is poised for moderate growth as robust foreign direct investments, government initiatives, and technological advancements drive expansion. Valued at US$ 276.6 Mn in 2022, the market is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2031, reaching US$ 448.0 Mn by 2031. The region's abundance of natural resources, especially
Geophysical Exploration Equipment Market to Cross USD 18.9 Billion by 2031, Growing at 4.1% CAGR
Geophysical Exploration Equipment Market to Cross USD 18.9 Billion by 2031, Grow …
The global geophysical exploration equipment market is set to grow steadily as robust investments in exploration activities and technological advancements drive demand across various sectors. Valued at US$ 13.2 Bn in 2022, the market is projected to expand at a compound annual growth rate (CAGR) of 4.1% from 2023 to 2031, reaching US$ 18.9 Bn by the end of 2031. Increased energy and mineral demands, coupled with a surge in
Fine Pixel Pitch LED Displays Market Set to Reach USD 7.5 Bn by 2031, Growing at 17.4% CAGR - Report by Transparency Market Research
Fine Pixel Pitch LED Displays Market Set to Reach USD 7.5 Bn by 2031, Growing at …
The global Fine Pixel Pitch LED Displays Market is poised for exponential growth, projected to rise from US$ 1.6 Bn in 2021 to US$ 7.5 Bn by 2031, expanding at a remarkable CAGR of 17.4% during the forecast period from 2022 to 2031. Analysts attribute this robust expansion to rising demand for high-definition, energy-efficient, and space-saving display technologies across diverse sectors including media, advertising, transportation, and corporate environments. Market Overview: Fine

All 5 Releases


More Releases for America

Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on