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Pulished Date April, 2021
ID: 9262
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Infrared Sensors Market Segmentation by Type (Mercury Cadmium Telluride (MCT), Indium Gallium Arsenide (InGaAs), Pyroelectric, Thermopile, Microbolometer, Others), by Technology (Cooled, Uncooled), by Wavelength (Near-infrared (NIR) & Shortwave Infrared (SWIR), Mid-wave Infrared (MWIR), Long-wave Infrared (LWIR)), by Application (Commercial Applications, Military and Defense, Automotive, Manufacturing, Telecommunication, and Others), by Vertical (Industrial and Non-Industrial)- Analysis, Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 9262
Pages: 175

Infrared Sensors Market Size, Trends & Growth (2021 - 2026)

The global infrared (IR) sensors market was at US$ 503.1 million in 2021 and is estimated to grow at a CAGR 15.1% during the forecast period 2021-2026. Increasing demand for home automation products, growth of the process automation industry and therefore, the increasing usage in wireless communication are the key growth factors for IR sensors.

Infrared sensor or detector is employed to detect infrared to live heat and motion. It's integrated with different devices utilized in surveillance, automobiles, testing, detection, and measurement. Infrared detectors that convert infrared emission into an electrical signal are one among the first significant group of sensors in defense system applications. These detectors also play a severe role in applications like medical, automotive, industrial, security, and consumer electronics. The fast-growing industrial sector, government investment, and economic incentives for the defense sector have further supported the expansion of the worldwide infrared sensor market. 

Infrared Sensors Market Recent Developments:

Honeywell International Inc. [HON] stock additionally went down by -1.28% within the period of the seven days, recording a drop in performance by -5.24% within the last 30 days. The yearly more of HON stock is about at 18.39% by far, with shares price recording returns by -0.82% within the latest quarter. Over the past six months, HON shares showcased a 1.97% increase. 

As of a 29, 2020, by applying its unique micro-electromechanical systems (MEMS) technology, Hamamatsu Photonics has successfully created a Fourier transform infrared spectrometer (FTIR) engine C15511-01", which is of a palm-size and offers high sensitivity to near-infrared light at wavelengths from 1.1 to 2.5 micrometers. This FTIR engine will play a vital role in creating portable handheld FTIR spectrophotometers for analytical applications, including real-time tracking of chemicals on production lines and ingredient analysis of agricultural products within the sector. Hamamatsu Photonics will start accepting product orders from analytical instrument manufacturers from Monday, February 3rd, 2020.

Drivers and Restraints of Infrared sensors:

Drivers:

The momentous growth in security issues among customers and the rising demand and recognition for customer electronics equipment/products are pushing the global infrared sensors market to a great extent. The massive demand for safety, particularly at commercial places, as an example, hospitals; offices; and hotels are expected to fuel the expansion of this market upward within the years to follow.

Restraints:

Infrared sensors are costlier than other detectors as they require additional semiconductor components for increased sensitivity. Cooling techniques also increase their overall cost. Additionally, natural process and extreme air turbulence may affect their performance. The environment must be clean, without dust, and fewer humid for more accurate results. Infrared sensors detect infrared images that supported the temperature variations of objects in order that they cannot detect differences in objects that have a similar temperature range. This results in inaccuracy in many circumstances.

Infrared Sensors Market Segmentation:

Market, by Type

  • Mercury Cadmium Telluride (MCT) 
  • Indium Gallium Arsenide (InGaAs) 
  • Pyroelectric 
  • Thermopile 
  • Microbolometer 
  • Others 

Market, by Technology

  • Cooled 
  • Uncooled 

Market, by Wavelength

  • Near-Infrared (NIR) & Shortwave Infrared (SWIR) 
  • Mid-Wave Infrared (MWIR) 
  • Long-Wave Infrared (LWIR) 

Market, by Application

  • Commercial Applications
  • Military and Defense
  • Manufacturing
  • Automotive
  • Telecommunication

Market, by Vertical

  • Industrial 
  • Non-Industrial

The commercial applications of the IR sensors are likely to expand at a tremendous growth rate, attributing to its increased adoption in smartphones, gaming consoles, Bluetooth and others. Military and defense is another prominent segment that is presumed to contribute a significant portion to the global infrared sensors market in the foreseen years. The automotive segment is also foreseen to expand at a noteworthy growth rate in the same period.

The fast-growing industrial sector, government investment, and economic incentives for the defense sector have further supported the expansion of the global infrared sensor market. These are highly effective for safety and monitoring purposes because of their compact size and skill to detect from far distances.

Infrared sensors Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden

Europe and North America have come up as the most important market for infrared sensors, and are expected to grow at a considerable share in terms of revenue in the coming years. North America, is likely to be followed by Europe, due to the greater utilization of infrared sensors, as compared to other regions. The increasing consumption of infrared sensors particularly in identifying motion that supports in recognizing the aim from a far place is projected to fuel the North America infrared sensors market in the future. The Europe infrared sensors market is predicted to be largely boosted by the increasing demand and popularity of these sensors

  1. Asia Pacific
    1. China
    2. India
    3. Japan

The Asia-Pacific infrared sensor market is predicted to grow at the fastest CAGR during the forecast period due to robust governmental support and an enormous consumer electronics industry. Large-scale adoption of the infrared detectors within the latest range of applications like security, consumer electronics, and smart homes has fueled the market growth. Furthermore, the presence of varied key companies has catalyzed the local market.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  2. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

Some of the most important market players in the global infrared market are Texas Instrument, Honeywell International Inc., Infratec GmbH, FLIR Systems, Excelitas Technologies, Teledyne, Hamamatsu Photonic, Murata Manufacturing, Nippon Avionics, and Raytheon, are among others.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Infrared Sensors Market, By Type                    

                              6.1.1 Mercury Cadmium Telluride (MCT)              

                              6.1.2 Indium Gallium Arsenide (InGaAs) 

                              6.1.3 Pyroelectric            

                              6.1.4 Thermopile             

                              6.1.5 Microbolometer    

                              6.1.6 Market Size Estimations & Forecasts (2019-2024)   

                              6.1.7 Y-o-Y Growth Rate Analysis              

                              6.1.8 Market Attractiveness Index           

               6.2 Infrared Sensors Market, By Technology                       

                              6.2.1 Cooled      

                              6.2.2 Uncooled 

                              6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.2.4 Y-o-Y Growth Rate Analysis              

                              6.2.5 Market Attractiveness Index           

               6.3 Infrared Sensors Market, By Wavelength                      

                              6.3.1 Near-Infrared (NIR) & Shortwave Infrared (SWIR)   

                              6.3.2 Mid-wave Infrared (MWIR)              

                              6.3.3 Long-wave Infrared (LWIR)              

                              6.3.4 Market Size Estimations & Forecasts (2019-2024)   

                              6.3.5 Y-o-Y Growth Rate Analysis              

                              6.3.6 Market Attractiveness Index           

               6.4 Infrared Sensors Market, By Application                        

                              6.4.1 Commercial Applications   

                              6.4.2 Military and Defense          

                              6.4.3 Automotive            

                              6.4.4 Manufacturing       

                              6.4.5 Telecommunication            

                              6.4.6 Market Size Estimations & Forecasts (2019-2024)   

                              6.4.7 Y-o-Y Growth Rate Analysis              

                              6.4.8 Market Attractiveness Index           

               6.5 Infrared Sensors Market, By Vertical               

                              6.5.1 Industrial  

                              6.5.2 Non-Industrial       

                              6.5.3 Market Size Estimations & Forecasts (2019-2024)   

                              6.5.4 Y-o-Y Growth Rate Analysis              

                              6.5.5 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Type    

                              7.2.3 By Technology       

                              7.2.4 By Wavelength      

                              7.2.5 By Application        

                              7.2.6 By Vertical              

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Type    

                              7.3.3 By Technology       

                              7.3.4 By Wavelength      

                              7.3.5 By Application        

                              7.3.6 By Vertical              

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Type    

                              7.4.3 By Technology       

                              7.4.4 By Wavelength      

                              7.4.5 By Application        

                              7.4.6 By Vertical              

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Type    

                              7.5.3 By Technology       

                              7.5.4 By Wavelength      

                              7.5.5 By Application        

                              7.5.6 By Vertical              

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Type    

                              7.6.3 By Technology       

                              7.6.4 By Wavelength      

                              7.6.5 By Application        

                              7.6.6 By Vertical              

8. Key Player Analysis                                   

               8.1 Texas Instrument                     

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 Honeywell International Inc.              

               8.3 Infratec GmbH                         

               8.4 FLIR Systems                             

               8.5 Excelitas Technologies                          

               8.6 Teledyne                     

               8.7 Hamamatsu Photonics                          

               8.8 Nippon Avionics                       

               8.9 Raytheon                    

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Airbags Type, Vehicle Type, By Seat Belt type, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Infrared Sensors Market By Region, From 2021-2026 ( USD Billion )
  2. Global Infrared Sensors Market By Type, From 2021-2026 ( USD Billion )
  3. Global Mercury Cadmium Telluride (MCT) Market By Region, From 2021-2026 ( USD Billion )
  4. Global Indium Gallium Arsenide (InGaAs) Market By Region, From 2021-2026 ( USD Billion )
  5. Global Pyroelectric Market By Region, From 2021-2026 ( USD Billion )
  6. Global Thermopile Market By Region, From 2021-2026 ( USD Billion )
  7. Global Microbolometer Market By Region, From 2021-2026 ( USD Billion )
  8. Global Infrared Sensors Market By Technology, From 2021-2026 ( USD Billion )
  9. Global Cooled Market By Region, From 2021-2026 ( USD Billion )
  10. Global Uncooled Market By Region, From 2021-2026 ( USD Billion )
  11. Global Infrared Sensors Market By Wavelength, From 2021-2026 ( USD Billion )
  12. Global Near-Infrared (NIR) & Shortwave Infrared (SWIR) Market By Region, From 2021-2026 ( USD Billion )
  13. Global Mid-wave Infrared (MWIR) Market By Region, From 2021-2026 ( USD Billion )
  14. Global Long-wave Infrared (LWIR) Market By Region, From 2021-2026 ( USD Billion )
  15. Global Infrared Sensors Market By Application, From 2021-2026 ( USD Billion )
  16. Global Commercial Applications Market By Region, From 2021-2026 ( USD Billion )
  17. Global Military and Defense Market By Region, From 2021-2026 ( USD Billion )
  18. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  19. Global Manufacturing Market By Region, From 2021-2026 ( USD Billion )
  20. Global Telecommunication Market By Region, From 2021-2026 ( USD Billion )
  21. Global Infrared Sensors Market By Vertical, From 2021-2026 ( USD Billion )
  22. Global Industrial Market By Region, From 2021-2026 ( USD Billion )
  23. Global Non-Industrial Market By Region, From 2021-2026 ( USD Billion )

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