USD 582.5 million
Report ID:
SQMIG45K2109 |
Region:
Global |
Published Date: November, 2024
Pages:
196
|Tables:
118
|Figures:
74
Global Infrared Sensors Market size was valued at around USD 624.2 million in 2022 and is expected to rise from USD 710.1 million in 2023 to reach a value of USD 1770.7 million by 2031, at a CAGR of 12.10% over the forecast period (2024–2031).
The global infrared sensors infrared sensors are expected to grow as there is an increasing demand for thermal imaging technologies. The growing emphasis on security and surveillance in critical infrastructures, industrial sites, and the defense industry will also increase the need for thermal imaging systems. The market is propelled by infrared sensors whose application forms a critical component of these systems. To enhance night vision capabilities, cars produced by vehicle manufacturers are now integrated with thermal imaging cameras fitted with infrared sensors. There has been a growing propensity for such systems owing to the need for safety, hence, this tendency is likely to be prevalent for some time. It is also observed that thermal imaging technology is gaining popularity in electronic devices such as mobile phones and security cameras installed in an individual’s abode.
The market is expanding as a result of customer demand for infrared sensors in electronic devices. Medical applications such as thermography, which are used for imaging, detecting disease and temperature curing, cannot do without infrared sensors. With the evolution of medical technology, the demand for these sensors is expected to grow. Predictive maintenance, quality control, and temperature measurement in industrial automation rely on infrared sensors as well. The need for these sensors is driven by the manufacturing and process sectors' growing use of automation. Throughout the forecast period, increasing IoT device integration is expected to fuel demand for infrared sensors.
Global Market Size
USD 582.5 million
Largest Segment
Near Infrared (NIR)
Fastest Growth
Far Infrared (FIR)
Growth Rate
6.1% CAGR
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Global Infrared Sensors Market is segmented by Type, Working Mechanism, Application, End Use, and region. Based on Type, the market is segmented into Near Infrared (NIR), Infrared, and Far Infrared (FIR). Based on Working Mechanism, the market is segmented into Active, Passive. Based on Application, the market is segmented into Motion Sensing, Temperature Measurement, Security and Surveillance, Gas and Fire Detection, Spectroscopy, and Others. Based on End Use, the market is segmented into Healthcare, Aerospace and Defense, Automotive, Commercial Applications, Manufacturing, Oil and Gas, and Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
The global infrared sensors market is segmented based on spectrum range, working mechanism, technology, and region. In terms of spectrum range, the market is segmented into short-wave infrared, mid-wave infrared, long-wave infrared, and others. Based on working mechanism, the market is bifurcated into active and passive. Based on the technology, the market is divided into cooled, and uncooled. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Analysis by Spectrum Range
As per categorization by offering, the market is classified as short-wave infrared, mid-wave infrared, long-wave infrared, and others. Among these, long-wave infrared earned the largest share and continues to hold the dominant global infrared sensors market share. LWIR technology is at the forefront of innovation in the global infrared sensors market as it can detect heat signatures of remote objects in various environments such as security, automotive, and healthcare. Long-wave infrared sensors provide very good thermal imaging when employed in low visibility conditions for surveillance and diagnostics areas. This explains their extensive use in such areas; many industrial processes require temperature measurement and non-contact monitoring, which are, for example, simple and affordable with microwave sensors, and that is why they have come to dominate the market for those applications.
Mid-wave infrared sensors are poised to become the fastest-growing segment in the global infrared sensors market due to their versatility and superior performance in both industrial and defense applications. Among all types of infrared sensors, the mid-wave infrared sensors have better image resolution and sensitivity. Therefore, they are useful for all applications that require the detection of temperature changes or even hot gases in the environment. This segment includes military operations or industrial applications or even environmental monitoring. The continued proliferation of mid-wave infrared sensors is due to the advancement of thermal cameras, more spending on militarization, and the increasing need for effective surveillance systems in different market sectors.
Analysis by Working Mechanism
The passive working mechanism in the global infrared sensors market is gaining prominence due to its ability to detect infrared radiation emitted naturally by objects without the need for an external energy source. These advances enable solutions that consume less power, and are more economical, especially in applications like motion sensing, video surveillance, and power utilization. Passive infrared sensors (PIR) are widely used in automated lighting systems, smart homes, and industrial monitoring. Their dominance in the market is driven by low power consumption, reliability, and the growing demand for environmentally friendly, maintenance-free systems. This mechanism’s simplicity and effectiveness contribute to its widespread adoption across various sectors.
The active working mechanism in infrared sensors is expected to be the fastest-growing segment in the global infrared sensors market due to its ability to provide more precise and reliable measurements in various applications. The difference between active and passive systems is that due to the use of infrared light, which is projected onto objects whose picture is taken, the signal reflected from the object is always under control, thus enabling better detection and increased sensitivity even if the outer conditions are harsh. This technology is progressively being employed in the automotive, healthcare, and industrial sectors such as temperature control, gas leakage troubleshooting, and self-driving cars. The rise in demand for immediate perfect data and improvement in sensors are also the reasons why active infrared sensor systems are embraced and are growing at a fast pace.
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Asia Pacific is dominating the global infrared sensors market due to its rapid technological advancements, large-scale manufacturing capabilities, and growing demand across various industries. Countries such as China, Japan, and South Korean, are at the forefront of infrared sensor market owing to their robust automotive electronics, and defense industries. In terms of infrastructure development, extensive building in Automation, Industrial Monitoring, and Smart technologies has led to the high uptake of infrared sensors in the region. Moreover, increased demand due to changing lifestyles with orientation to energy efficiency, security solution and growing consumer electronics industry makes Asia Pacific the leading region in the global infrared sensors market.
North America is the fastest-growing region in the global infrared sensors market due to its robust technological infrastructure, high demand for advanced security and defense systems, and increasing adoption of automation across various industries. This is attributed to the region’s increased emphasis on innovation, especially in sectors such as healthcare, automotive, and industrial automation where the infrared sensors market is located. Moreover, the rise in government support and funding towards smart cities, the environmental monitoring as well as energy efficiency needs also explains the fast growth rate. The presence of advanced research and development capabilities within North America also boosts the growth rate of the market in this region.
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Infrared Sensors Market Drivers
Rising Demand for Automation
Advancements in Consumer Electronics
Infrared Sensors Market Restraints
Regulatory and Compliance Issues
Competition from Alternative Technologies
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The competition within the global infrared sensors market is characterized by radical innovation, as the main players are focusing their efforts on advanced sensor technology. The market is experiencing tremendous growth owing to product development, strategic alliance, and geographical expansion by foreign companies such as FLIR Systems, Honeywell International, Raytheon Technologies, and Omron Corporation. These companies are focused on improving existing sensors' performance and costs, as well as seeking to apply the technology in other industries such as automotive, healthcare, and security. This has increased competition and hastened the pace of the global infrared sensors market growth.
Top Player’s Company Profiles
Recent Developments
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As per SkyQuest analysis, in conclusion, the global infrared sensors industry is booming. This is due to the thermal imaging technology improvement and growth in demand from sectors such as automotive, healthcare, and industrial automation. Furthermore, the increasing need for safety and surveillance as well as predictive maintenance, coupled with the growing uptake of smart technologies is also contributing to the growth of the infrared sensors market.
The scene is changing due to the developments in sensor mechanisms and heat sensing techniques such as long-wave and mid-wave infrared. Strong players exist within this market and alongside ongoing technological improvements, the growth of infrared sensors in various uses is likely to be sustained. Hence, making the sensors an integral part in the progress of smart systems in the coming years.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 624.2 million |
Market size value in 2031 | USD 1770.7 million |
Growth Rate | 12.10% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Infrared Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Infrared Sensors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infrared Sensors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Infrared Sensors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG45K2109
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