As per the analysis by Market Research Future Reports (MRFR),
the global infrared sensor market is estimated to expand from USD 387.4 million in 2018 to USD 747 million by 2025 at a CAGR of 10% during the review period.
The increasing need for automation equipment for constructing
automation is propelling the expansion of the global infrared sensor market 2020. Due
to the low requirement, infrared sensors have several applications such as
PDAs, laptops, and telephones. Moreover, the development in wireless
communication and the growing adoption of 5G technology is estimated to propel
the market in the forthcoming period.
An infrared sensor is electronic equipment that has possessed
the ability to sense certain aspects of its surroundings. It has the ability to
measure the heat of an object. Apart from this, it can also identify the motion
by either emitting or identifying infrared radiation.
Key Players
The forefront competitors in the Infrared Sensor Market
are Honeywell International Inc. (US), Murata Manufacturing Co.,
Ltd (Japan), Sofradir (France), Raytheon Company (US), Teledyne Technologies
(US), Texas Instruments Incorporated (US), Omron Corporation (Japan), Hamamatsu
Photonics KK (Japan), Nippon Avionics (Japan), Nippon Ceramic Co. Ltd (Japan),
Excelitas Technologies Corp. (US), Dali Technology (China), Omron Corporation
(Japan), Qioptiq Ltd (UK), Pelco (US), Wuhan Guide Infrared Co., Ltd (China),
L-3 Communications Holdings, Inc. (the US), Fluke Corporation (US), General
Dynamics Corporation (US), FLIR Systems, Inc. (US), DRS Technologies, Inc.
(US), E.D. Bullard Company (US), Axis Communications AB (Sweden), and Bosch
Security Systems (US).
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Market Segmentation
·
On the
basis of the working mechanism, the market has been divided into
passive and active.
·
On the
basis of detection, the market has been segmented into cooled infrared
sensors and uncooled infrared sensors.
·
On the
basis of type, the market has been segmented into quantum infrared sensors,
and thermal infrared sensors.
·
On the
basis of the spectrum range, the market has been segmented into
long-wave (LWIR), mid-wave IR (MWIR) and short-wave IR (SWIR).
·
On the
basis of end-user, the market has been classified into oil and gas,
healthcare, aerospace and defense, manufacturing, automotive, commercial, and
others.
·
On the
basis of region, the market has been segmented into North America,
Asia-Pacific, Europe, the Middle East, and Africa and Central and South
America.
Regional Analysis
The regional analysis has been performed for Europe,
North America, Asia-Pacific, the Middle East, and Africa and Central and South
America.
As per the regional analysis, the infrared sensor market is
flourishing at the fastest pace in the APAC region. The Asia Pacific region is
leading the market due to the rising adoption of the Internet of Things (IoT),
smart building projects, and increasing smart home. Additionally, the
increasing choice od consumers toward better energy management is affecting the
growth of the infrared sensor market.
The North American market is estimated to the fastest
expanding regional market during the review period due to the rising adoption
of autonomous electric automobiles and autonomous
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Infrared Sensor Market, By Segments
7.
Competitive Analysis
Continued…
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