Global Infrared Sensors Market

Infrared Sensors Market Size, Share, Growth Analysis, By Type(Near Infrared (NIR), Infrared, and Far Infrared (FIR)), By Working Mechanism(Active, and Passive), By Application(Motion Sensing, Temperature Measurement, Security and Surveillance, Gas and Fire Detection), By End Use(Healthcare, Aerospace and Defense, Automotive, Commercial Applications), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45K2109 | Region: Global | Published Date: November, 2024
Pages: 196 | Tables: 118 | Figures: 74

Infrared Sensors Market Insights

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.

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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 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.  'Nippon Avionics Co. Ltd. ', 'InfraTec GmbH ', 'Raytheon Company ', 'Omron Corp. ', 'Wuhan Guide Infrared Co. Ltd. ', 'Honeywell International Inc. ', 'KEMET Corporation ', 'Murata Manufacturing Inc. ', 'General Dynamics Corp. ', 'L3 technologies Inc. ', 'Excelitas Technologies ', 'Amphenol Corporation ', 'Teledyne Technologies ', 'Hamamatsu Photonics K.K. ', 'FLIR Systems ', 'Infrared Integrated Systems Ltd. ', 'Texas Instruments Incorporated'

The surge in utilization of automation in various sectors such as manufacturing, automotive, and healthcare is propelling the growth of global infrared sensors market trends. Majority of modern industries, such as so-called smart factories and systems, incorporate these sensors owing to their importance in process monitoring, temperature variation detection and safety in embedded automated systems. 

Growing Adoption of Infrared Sensors in Automotive Applications: The automotive industry is on a path of advancement, adopting more and more infrared sensors that are aimed at improving safety features like collision avoidance, detecting pedestrians, as well as night vision. Moreover, as the smart transportation system continues to advance, it is anticipated that there will be an ever-increasing need for high-quality infrared sensors that will be used to enhance the safety and efficiency of vehicles. 

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. 

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Global Infrared Sensors Market

Report ID: SQMIG45K2109

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