Infrared Sensor Market by Spectrum Range (Long-wave Infrared (LWIR), Mid-wave Infrared (MWIR), Short-wave Infrared (SWIR)), Working Mechanism (Active, Passive), Detection Type, Application, End-User - Global Forecast 2024-2030

Infrared Sensor Market by Spectrum Range (Long-wave Infrared (LWIR), Mid-wave Infrared (MWIR), Short-wave Infrared (SWIR)), Working Mechanism (Active, Passive), Detection Type, Application, End-User - Global Forecast 2024-2030

The Infrared Sensor Market size was estimated at USD 757.26 million in 2023 and expected to reach USD 802.47 million in 2024, at a CAGR 6.34% to reach USD 1,164.65 million by 2030.

Infrared sensors are electronic devices that detect and measure infrared radiation emitted by objects within their field of view. Infrared radiation is a form of electromagnetic radiation with wavelengths ranging from 700 nanometers (nm) to 1 millimeter (mm). Infrared sensors are designed to detect, measure, and analyze infrared radiation and are utilized in various industries and applications, including consumer electronics, automotive, aerospace & defense, healthcare, and industrial automation. Infrared cameras equipped with specialized sensors are used for thermal imaging in search and rescue operations, building inspection for energy efficiency assessments, monitoring electrical systems for overheating components, and surveillance. They enable the visualization of temperature differences across surfaces, pinpointing areas requiring attention or further investigation. Moreover, increasing demand for automation within various industries, growing awareness about energy conservation initiatives from governments worldwide, and enhanced safety standards have raised the adoption of infrared sensors. However, high costs associated with specific types of infrared sensors and privacy concerns significantly impede the usage of infrared sensors. Rising research on developing low-cost manufacturing techniques to make infrared sensor technology more accessible and integrating AI & machine learning algorithms to enhance device performance through predictive analytics or pattern recognition features are expected to create opportunities for market growth.

Regional Insights

In the Americas region, increasing demand from military and homeland security sectors for surveillance and target acquisition, presence of key industry players, and advancements in IoT and wearable devices contribute to the rising adoption of infrared sensors across various industries. Investment in cutting-edge technologies for enhanced security applications propels the demand for advanced infrared sensing solutions across the Americas region. In Asia-Pacific, increasing consumer needs for energy-efficient solutions and technological advancements in IoT devices, wearable electronics, and automation significantly contribute to utilizing infrared sensors. The Chinese government's push towards smart manufacturing under its Made in China 2025 initiative has accelerated technology adoption among manufacturers seeking energy-efficient solutions. Similarly, Indian government initiatives such as Make in India encourage domestic production of electronic components, including infrared sensors, further expanding the market within the country. In Europe, EU countries are adopting infrared technology for automotive safety systems, building automation, and industrial process control. The European Union's commitment to decreasing carbon emissions has led to increased investments in thermal insulation monitoring using infrared sensors. The Middle East has experienced rapid expansion of smart city projects that integrate advanced technologies, including infrared sensors. Governments' focus on enhancing public safety measures drives demand for surveillance systems with high-resolution imaging capabilities using infrared technology. With increasing investments in technological innovation across healthcare, agriculture, and wildlife conservation, Africa offers substantial prospects for market penetration.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Infrared Sensor Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising need for wireless communications and increasing demand for electronic goods
Growing demand for home automation products and smart devices
Increasing awareness about energy conservation and enhanced safety standards

Market Restraints

High manufacturing process costs associated with certain types of infrared sensors

Market Opportunities

Integration of AI & ML algorithms to enhance the performance of infrared sensing devices
Development of low-cost manufacturing techniques to make infrared sensor technology more accessible

Market Challenges

Privacy concerns and complexity in integrating infrared sensors

Market Segmentation Analysis

Spectrum Range: Growing usage of long-wave infrared (LWIR) for thermal imaging applications
End-User: High potential of infrared sensors in the aerospace & defense sector for detecting heat emissions

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Infrared Sensor Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Infrared Sensor Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

New Infrared Sensor by STMicroelectronics Enhances Presence and Motion Detection

STMicroelectronics N.V. has introduced an innovative infrared sensor as a human-presence and -motion detector. This cutting-edge technology allows for the detection of stationary objects, distinguishing it from traditional PIR detectors that solely rely on detecting moving objects. Moreover, the STHS34PF80 sensor incorporates thermal transistors, further enhancing its capabilities.

Strategic Alliance Boosts ADASKY's Market Presence in Automotive Thermal Sensing

Gentex Corporation announced the closure of an agreement with ADASKY, securing a Series B financing round. Additionally, both companies have established a collaborative effort encompassing commercial, engineering, and manufacturing aspects. This investment and collaboration aim to solidify ADASKY's position as an automotive thermal sensing solution provider.

Introduction of HEROIC Project, Pioneering Next-Generation Infrared Sensor Technology

Lynred has unveiled HEROIC, a USD 19.8 million project funded by the European Defense Fund. This initiative aims to advance the development of cutting-edge electronic components specifically for next-generation infrared (IR) sensors. Scheduled to commence in January 2023, the project is expected to span four years and to be led by Lynred in collaboration with ten esteemed European partners.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Infrared Sensor Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Infrared Sensor Market, highlighting leading vendors and their innovative profiles. These include Amphenol Advanced Sensors, Analog Devices, Inc., Angst+Pfister Sensors and Power AG, Asahi Kasei Microdevices Corporation, BAE Systems PLC, Continental AG, Drägerwerk AG & Co. KGaA, Excelitas Technologies Corp., Hamamatsu Photonics KK, Honeywell International Inc., InfraTec GmbH, KEYENCE CORPORATION, Lynred, Melexis NV, Mitsubishi Electric Corporation, Murata Manufacturing Co., Ltd., NXP Semiconductors N.V., Omron Corporation, OSRAM GmbH, Panasonic Corporation, Parallax Inc., Parker Hannifin Corp, Proxitron GmbH, Robert Bosch GmbH, Seiko Epson Corporation, SICK AG, STMicroelectronics N.V., TDK Corporation, TE Connectivity, Teledyne Technologies Inc., Texas Instruments Incorporated, Texys International SARL, Trinity Electronics Systems Ltd., VEX Robotics, Inc. by Innovation First International, Inc., and Yole Group.

Market Segmentation & Coverage

This research report categorizes the Infrared Sensor Market to forecast the revenues and analyze trends in each of the following sub-markets:

Spectrum Range
Long-wave Infrared (LWIR)
Mid-wave Infrared (MWIR)
Short-wave Infrared (SWIR)
Working Mechanism
Active
Passive
Detection Type
Cooled
Uncooled
Application
Gas & Fire Detection
Motion Sensing
Security & Surveillance
Spectroscopy
Temperature Measurement
End-User
Aerospace & Defense
Automotive
Chemical
Consumer Electronics
Healthcare
Mining
Oil & Gas
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

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