Infrared Sensors Market - Snapshot
Infrared sensors are defined as devices that can detect motion by receiving infrared radiation. The thermal impact of this radiation is followed through several temperature dependent incidents. The sensors are electronic instruments used to sense certain features of its surroundings by either detecting or emitting the radiation. These detectors can also sense motion and measure heat emitted by objects. The global demand for infrared sensors is expected to rise tremendously during the forecast period due to the extensive development of the electronics and manufacturing sectors worldwide. Moreover, the developing applications of these sensors in wearable devices, and the demand for electronic goods in the Asia Pacific region, especially in China and Japan are likely to boost the overall market remarkably in the coming years.
The global infrared sensors market is driven by factors such as rise in security concerns and growth in demand for consumer electronics products. Cooled infrared sensors depend on a cryogenic cooling mechanism when compared to uncooled sensors. As a consequence, these detectors have considerably small size and lower cost, and thus are less complex. Lowering of retail prices is estimated to further boost the market. Night sighting abilities and rise in consumer electronics applications are also analyzed to bolster the infrared sensors market. Development in automation across end use verticals including semiconductors and electronics, aerospace and defense, and healthcare has augmented the demand for infrared sensors across the globe. The increase in importance of smart healthcare equipment further boosts this growth. Besides, the rising use of resistance temperature sensors and thermistors has also resulted in growth of the pharmaceuticals segment, improving the growth in these industries.
Applications in night vision devices, astronomy, infrared tracking, art restoration and reflectography, hyper spectral imaging, climatology, meteorology, gas detectors, anesthesiology testing, rail safety, thermometers, flame monitors, moisture analyzers, and petroleum exploration serve as key opportunities for the global infrared sensors market, which is expected to be stable and grow at decent rates in the coming years. In addition,growth in demand for home automation further acts as an opportunity factor in the growth of the global infrared sensors market.
The global infrared sensors market is segmented on the basis of working mechanism, detection, and end use. Based on working mechanism, the market is segmented into passive and active infrared sensors. Passive infrared sensors measure light radiated from objects in its view field. They are mostly applied in motion detectors. By detection type, the market is divided into uncooled and cooled sensors. Infrared sensors can be segregated by end use industry into consumer electronics, aerospace and defense, oil and gas, automotive, and mining and pharmaceuticalsamong others. Oil and gas and consumer electronics are the largest segments in this market. The detectors enable users to see during the night. Automation and defense, and consumer electronics segment is expected to have a promising market share during the forecast period from 2018– 2026.
By geography, the global infrared sensors market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The North America region is projected to continue the trend of being the global leader in the near future, backed by expansion in the oil and gas segment. Some of the key players profiled in this report include Murata Manufacturing Co., Ltd, Honeywell International Inc, Teledyne Technologies, Raytheon Company, Hamamatsu Photonics K.K,Omron Corporation, and Texas Instruments Incorporated.
Infrared Sensors Market - Overview
The “Infrared Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” report provides analysis of the infrared sensors market for the period 2016–2026, wherein 2018 to 2026 is the forecast period, and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies playing a major role in the growth of the infrared sensors market during the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue and volume (in US$ Mn and thousand units respectively) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region-wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, U.K, India, China, Japan, GCC countries,South Africa, and Brazil.
This report analyzes and forecasts the infrared sensors market at the global and regional level. The report also comprises a detailed value chain analysis, which provides a comprehensive view of the global infrared sensors market. Porter’s Five Forces model has been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Infrared Sensors Market: Taxonomy
This research study on the global infrared sensors market provides a detailed cross segment and cross country analysis based on the different segments including end use industry, detection, and working mechanism. Based on end use industry, the market is divided into consumer electronics, aerospace and defense, oil and gas, automotive, mining, pharmaceuticals and others. Others includesfood processing, chemicals, robotics, etc. Based on detection, the market is segmented into uncooled infrared sensors and cooled infrared sensors. Based on working mechanism, the market is divided into passive infrared sensors and active infrared sensors.
Global Infrared Sensors Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-handinformation on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.
Global Infrared Sensors Market: Competitive Dynamics
The report highlights well established players of the market including Murata Manufacturing Co., Ltd, Honeywell International Inc, Teledyne Technologies, Excelitas Technologies, Raytheon Company, Hamamatsu Photonics K.K., InfraTec GmbH, Flir Systems, Inc., Omron Corporation, and Texas Instruments Incorporated. These key players are looking to capture larger market share by innovating infrared sensors. For instance, in January 2017, Hamamatsu Photonics launched an uncooled InAsSb photovoltaic detector which provides high speed and sensitivity detection of infrared light from 3 to 11 micron wavelength range.
The global infrared sensors market can be segmented as follows
Global Infrared Sensors Market, by End-use Industry
- Consumer Electronics
- Aerospace and Defense
- Oil and Gas
Global Infrared Sensors Market, by Detection
- Uncooled Infrared Sensors
- Cooled Infrared Sensors
Global Infrared Sensors Market, by Working Mechanism
- Passive Infrared Sensors
- Active Infrared Sensors
Global Infrared Sensors Market, by Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America