Infrared Sensor Market Size, Share, and Analysis, By Type (Thermal Infrared Sensors, Quantum Infrared Sensors), By Spectrum Range (Short-wave Infrared (SWIR), Mid-wave Infrared (MWIR), Long-wave Infrared (LWIR), and Others), By Working Mechanism (Active,

Infrared Sensor Market Size, Share, and Analysis, By Type (Thermal Infrared Sensors, Quantum Infrared Sensors), By Spectrum Range (Short-wave Infrared (SWIR), Mid-wave Infrared (MWIR), Long-wave Infrared (LWIR), and Others), By Working Mechanism (Active, Passive), By End-User Industry (Healthcare, Aerospace and Defense, Automotive, Commercial Applications, Manufacturing, Oil and Gas, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

Infrared Sensor Market Size, Share, and Analysis, By Type (Thermal Infrared Sensors, Quantum Infrared Sensors), By Spectrum Range (Short-wave Infrared (SWIR), Mid-wave Infrared (MWIR), Long-wave Infrared (LWIR), and Others), By Working Mechanism (Active, Passive), By End-User Industry (Healthcare, Aerospace and Defense, Automotive, Commercial Applications, Manufacturing, Oil and Gas, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Infrared Sensor Market is projected to grow at a CAGR of 10.2% in the forecast period (2024-2034), with the market size valued at USD 0.9 billion in 2023 and expected to reach USD 2.1 billion by 2034.

Infrared sensors are advanced devices designed to detect infrared radiation emitted by various objects. These sensors are used in multiple applications due to their ability to capture heat and convert it into electrical signals. They find applications in security systems, motion detectors, temperature measurement tools, and industrial machinery for proximity sensing and object detection. Infrared sensors offer distinct functionalities based on their variants, such as passive infrared (PIR), active infrared (AIR), and thermal infrared sensors. Thermal infrared sensors precisely measure temperature variations, AIR sensors measure distance, and PIR sensors are used to detect motion. Additionally, infrared sensors are known for their non-contact nature and precision, playing critical roles across industries, which contributes to the development of efficient, reliable, and responsive systems.

MARKET HIGHLIGHTS

The Infrared Sensor Market is projected to grow at a CAGR of 10.2% during the forecast period (2024-2034), reaching USD 2.1 billion by 2034. This growth is fueled by increasing demand across industries like security systems, automotive technologies, healthcare, and consumer electronics. Technological advancements and cost-efficiency drive market expansion, with the automotive industry playing a significant role in incorporating infrared sensors into driver assistance systems and autonomous vehicles.

Infrared Sensor Market Segments:

• By Type
• Thermal Infrared Sensors
• Quantum Infrared Sensors
• By Spectrum Range
• Short-wave Infrared (SWIR)
• Mid-wave Infrared (MWIR)
• Long-wave Infrared (LWIR)
• Others
• By Working Mechanism
• Active
• Passive
• By End-Users Industry
• Healthcare
• Aerospace and Defense
• Automotive
• Commercial Applications
• Manufacturing
• Oil and Gas
• Others

MARKET DYNAMICS

Growth Drivers

Technological Advancements in Infrared Sensors Market Will Drive Market Growth

Expanding Uses for Infrared Sensors Across Diverse Industries Will Promote Market Growth

Restraint

Expansion Financial Barriers to Adoption Due to High Initial Investment Costs

Key Players

• Honeywell International Inc.
• FLIR Systems, Inc.
• Texas Instruments Incorporated
• Excelitas Technologies Corp.
• Murata Manufacturing Co., Ltd.
• Omron Corporation
• Raytheon Technologies Corporation
• Teledyne Technologies Incorporated
• InfraTec GmbH
• Hamamatsu Photonics K.K.
• Melexis NV
• ams AG
• Leonardo DRS
• Sofradir Group
• ULIS
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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