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    Infrared Sensor Market Analysis | 2023-2028

    Infrared Sensor Market Analysis | 2023-2028
    Report code - SR2489 Published On : Apr,2023 No. of Pages: 160
    Infrared Sensor Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth See more...

    Market Highlights

    "The global infrared sensor market is likely to grow at a promising CAGR of 5.1%, in the long run, to reach US$ 1.4 billion by 2028."

    An infrared sensor is a device that works based on the principle of detecting the intensity of infrared radiation in surrounding space. It comprises of a pyroelectric material with an infrared filter, the fresnel lens and a housing unit. Indicates like the infrared sensors are regularly used for motion detection of the security systems and automatic lighting.

    Infrared (IR) Sensor Market Forecast

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    Market Dynamics:

    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. The IR sensors are of two types: thermal imaging and thermal detector units which are a vital component of several automatic systems to capture high-resolution pictures and monitor various characteristics like temperature, humidity, and gas levels. The merits of thermal imagers and detectors include simplicity of use, non-contact measuring method, measuring process for non-visible radiation, high sensitivity, etc. This means that these sensors have many applications.

    Thermal imaging is among the well-known applications of thermal imagers that can be employed for different scopes, including industrial inspection, medical diagnosis, and building inspection. As for one of the key applications of thermal detectors, it is position and motion detection, a very important feature in any kind of surveillance. Thus, thermal detectors are nowadays used in the most effective security systems which are able to detect any motion even in total darkness or during bad weather. This explains why the demand for thermal imagers and detectors in various industries is growing and why the IR Sensor market will grow in the near future.

    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.

    Recent Market JVs and Acquisitions:

    Most companies are focusing on creating new products like passive infrared sensors, infrared motion sensors, infrared temperature sensors, and infrared proximity sensors. Product line expansion and mergers &acquisitions are prominent techniques used to broaden the company’s market share. There were a fair number of mergers & acquisitions in the IR sensor market. Some of which are the following:

    • In 2021, Teledyne acquired FLIR Systems through a cash and stock transaction worth nearly US$ 8 billion. The company is the undisputed leader in the IR sensor market and will continue providing a full spectrum of imaging technologies.
    • In 2019, Sofradir merged with its subsidiary ULIS and formed Lynred, a stronger player in the IR detector market.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product-Type Analysis

    Thermal Detector and Thermal Imager

    Thermal imager is expected to be the dominant segment. Thermal detector is estimated to be the faster-growing segment.

    Regional Analysis

    North America, Europe, Asia-Pacific, and the Rest of the World

    Asia-Pacific is expected to remain the largest market and is also grow at the fastest rate during the forecast period.

     

    Product Insights

    "The thermal imager accounted for the largest market share."

    The IR sensor market is classified as thermal detectors and thermal imagers. Between the two product types, thermal imager is expected to remain the dominant segment during the forecast period, owing to its 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.

    Infrared (IR) Sensor Market by Product type

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    Regional Analysis

    "Asia-Pacific accounted for the largest market share."

    Asia-Pacific is expected to remain the largest market for Infrared (IR) sensors during the forecast period. This region is home to many Chinese and Japanese players such as NICERAWuhan 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 (IR) Sensor Market Region

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    Key Players

    The market for IR sensors is highly consolidated, with a few companies controlling the majority of the industry. The market is competitive with the presence of several regional and global players. Most of the major players compete in some of the governing factors including price, product offerings, industry expertise, and regional presence. The following are the key players in the IR sensor market:

    • 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

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in This Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Infrared Sensor Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s infrared sensor market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQ)

    An infrared sensor is a device that works based on the principle of detecting the intensity of infrared radiation in surrounding space. It comprises of a pyroelectric material with an infrared filter, the fresnel lens and a housing unit. Indicates like the infrared sensors are regularly used for motion detection of the security systems and the automatic lighting.

    Teledyne Technologies Incorporated, Excelitas Technologies Corp., Lynred, NICERA, Seek Thermal, Murata Manufacturing Ltd., Melexis, Heimann Sensor GmbH, Wuhan Guide Sensmart Tech Co., Ltd., and Global Sensor Technology are some of the leading players in the IR sensor market. The global market is highly consolidated.

    The infrared sensor market is estimated to grow at a CAGR of 5.1% in the coming five years, driven by an increasing demand for automation and IOT-enabled devices coupled with the growing demand for security and surveillance systems.

    Asia-Pacific is estimated to remain dominant in the infrared sensor market in the foreseeable future. The key economies driving the regional demand for IR sensors are China and Japan.

    Asia-Pacific is estimated to remain the fastest-growing market for infrared sensors in the foreseeable future, owing to the increasing dominance of regional players in the IR sensor market coupled with the rising expenditure in the regional commercial and military applications.

    The increasing adoption of IR sensors in smartphones, wearables, and other consumer electronics is a key driver of the overall market. These sensors are used for facial recognition, proximity sensing, and other applications, enhancing the user experience and improving device security. In addition, the market for IR sensors is also being driven by the increasing number of smart homes and building automation systems, where they are used for motion detection, temperature monitoring, and occupancy sensing.

    Distributors, suppliers, manufacturers, logistics organizations, and government bodies.