Infrared Sensors Market Forecasts to 2028 – Global Analysis By Cooling Type (Cooled Infrared Sensor, Uncooled Infrared Sensor), Category Active, Passive) and By Geography

Infrared Sensors Market Forecasts to 2028 – Global Analysis By Cooling Type (Cooled Infrared Sensor, Uncooled Infrared Sensor), Category Active, Passive) and By Geography

According to Stratistics MRC, the Global Infrared Sensors Market is accounted for $544.26 million in 2021 and is expected to reach $1203.19 million by 2028 growing at a CAGR of 12.0% during the forecast period. Infrared sensors are components which can detect and produce light in the IR wavelength range. It is an electronic instrument which is used to sense certain characteristics of its surroundings by either emitting and/or detecting infrared radiation. These sensors are also capable of measuring the heat being emitted by an object and detecting motion. It can measure heat radiated by an object and detect motion, which produces light in IR wavelength range. IR sensors have IR light source, medium, optical components and the IR detector. The medium can be a vacuum in case of thermal imaging systems or can be atmosphere. With the advancements in technology, infrared sensors have become light in weight and have also become more affordable. Also, the power consumption in such sensors is too low.

Market Dynamics:

Driver:

Rising Demand for Home Automation Products and Smart Devices

Home automation involves automatic controlling of all electrical or electronic devices in homes or even remotely through wireless communication. The sensors detect light, motion, temperature, and other sensing elements, and then send that data to the main controlling devices. People and motion sensing have always been one of the major application areas of infrared sensors. These sensors are used in several devices for human motion detection, including people counting systems, security cameras, burglar alarms, safety lighting, motion-activated security cameras, and garage doors. Besides, in the field of robotics, infrared sensors are gaining traction as they are used to detect the relative motion of IR emitting bodies and measure distance. This can be achieved using both proximity IR sensor and passive IR (PIR) sensor.

Restraint:

Stringent Regulations

The International Traffic in Arms Regulations (ITAR) implemented by the US Department of State requires commodity jurisdiction approval for the sale of restricted infrared cameras in the US. Infrared camera manufacturers cannot exchange their products with a person or an entity, whether inside the US or abroad, without export authorization and are liable to face penalties in case of non-compliance with the regulation. Commodity jurisdiction approval is also required by distributors to sell these products. This adds complications and costs in the sale and purchase of infrared cameras in the US. This regulation is restricting infrared camera manufacturers based in the US from expanding their reach outside the US. It is also restricting the infrared camera manufacturers based outside the US from expanding their reach in this country.

Opportunity:

Deployed In Numerous End-User Applications

The Infrared sensors are increasingly installed in numerous end-user applications. For example, the automotive industry is increasingly deploying several features that enhance the driver experience. They are increasingly innovating in automated driving technologies, the inclusion of radar sensors to sense electromagnetic radiation. The vehicles are designed with radar sensors that capture the electromagnetic radiation from the other vehicles that come behind. The Far Infrared sensors are utilized in automated vehicles that are capable of detecting the heat generated by the vehicle parts like engine, wheels, exhaust pipe. Therefore the increasing utilization in the automotive industry is expected to fuel the overall growth of the infrared sensor market. The defense sector is also utilizing the Infrared sensor due to its capacity of detecting humans even in unfavorable conditions and in dark. They are increasingly used in security devices and defense devices in the military as well, thereby presenting lucrative opportunities for market growth.

Threat:

Unfavorable Environmental Conditions

The reduction in performance due to unfavorable environmental conditions is considered the primary threat to market growth. For instance, the devices that detect the subsurface moisture, which is deployed in the buildings, indoor air quality control devices in residential and industrial sectors, get affected by the temperature of the surface. The positioning of the detectors aligned with the emitter is necessary for optimized performance. The false detection and increased installation costs are considered as the threat to the overall growth of the infrared sensor industry.

Cooled Infrared Sensor segment is expected to be the largest during the forecast period

The cooled infrared detectors are usually cooled thermoelectrically or cryogenically. In some cases, liquid nitrogen is also used for the cooling of detectors. Cooling decreases the temperature of the detector, allowing it to reduce thermally induced noise to a minimal level and improve its performance. However, cooled infrared detectors are more expensive than uncooled ones, which restricts their mass adoption. Cooled infrared detectors find applications in scientific research, astronomy, security and surveillance, and spectroscopy, among others, where high accuracy is of utmost importance.

The long wave infrared (LWIR) segment is expected to have the highest CAGR during the forecast period

Due to the increasing demand for long-wave IR from the defense and military vertical for security and surveillance application. Long-wave IR products are of lower cost as compared to short-wave IR and medium-wave IR and are witnessing their demand in other industries, such as food & beverage, healthcare, aerospace, and automotive. All these factors are likely to surge the growth of the segment in the market.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, due to the established electronics industry and rising technological advancements in economies, such as Japan, China, and South Korea. Over the years, the province has been witnessing growing penetration of the Internet of Things (IoT) and increasing consumer preference toward better energy management systems. Factors such as these are driving the demand for smart home automation technology, which, in turn, boosts the demand for IR sensors. Furthermore, various governments across the countries such as China, India, and South Korea are actively trying to strengthen the IoT platforms by entering into various public and private collaborations to leverage IoT advancements for automation and other industrial applications. Such collaborations are reinforcing the development of the market in the region. The presence of key market players in the region, rapid industrialization, increased application of infrared detectors in the residential and consumer electronics sector, primarily in manufacturing sectors, increase in demand for better security and monitoring systems, and rise in government initiatives in the aerospace and defense sector have fuelled the market growth.

Region with highest CAGR:

North America is projected to have the highest CAGR, due to the presence of key market players such as Excelitas Technologies (US), Texas Instruments (US), Honeywell International (US), and FLIR Systems (US). The growing economic condition in the province is considered as the primary driving factor for the market growth. The well-established market players are partnering with each other and other end-user application industries such as Veoneer, which is a tier-one automotive supplier, who combined to produce the novel thermal sensing technology which is utilized in automated cars.

Key players in the market:

Some of the key players profiled in the Infrared Sensors Market include Austria Micro Systems (AMS) AG, Axis Communications AB,Bosch Security Systems, Broadcom, Dali Technology, Excelitas Technologies Cor, FLIR Systems, Inc, Fluke Corporation, General Dynamics Corporation, Honeywell, Melexis NV, Murata Manufacturing Co. Ltd, Nippon Avionics, Omron Corporation, Pelco, Raytheon Company, Sofradir, TE Connectivity, Teledyne Technologies, Texas Instruments Incorporated.

Key developments:

In September 2021: Excelitas Technologies has launched a new OnLine Lens Configurator for vision system designers and engineers. The complimentary MachVis Lens Configurator software, now available as a Web App, enables identification and configuration of all required lens solutions and mechanical accessories and generates useful supporting documentation to streamline the integration planning process.

In October 2019: Murata Manufacturing expanded its manufacturing facility in Thailand to meet the increasing demand for electronic components.

In April 2020: Foresight Autonomous Holdings Ltd signed an agreement with FLIR Systems Inc for the marketing development and distribution of Foresight’s QuadSightvision system, combined with FLIR's infrared cameras. Both companies are utilizing infrared technologies for enhancing ADAS and autonomous vehicle safety through improved situational awareness at night, in high-contrast scenes, and bad weather.

Spectrum Range Types Covered:
Far Infrared (FIR)
Long Wave Infrared (LWIR)
Mid Wave Infrared (MWIR)
Short Wave Infrared (SWIR)

Cooling Types Covered:
Cooled Infrared Sensor
Uncooled Infrared Sensor

Categories Covered:
Active
Passive

Types Covered:
Thermopile IR Sensor
Pyroelectric IR Sensor
Passive Infrared Sensor (PIR) Motion Sensor
Infrared (IR) Photodiode Sensor
Infrared (IR) Image Sensor
Communication Modules (IrDA)
Indium Gallium Arsenide (InGaAs)
Infrared
Mercury Cadmium Telluride (MCT)
Microbolometer (Thermal Camera)
Near Infrared (NIR)
Photo Reflector
Photodiode Sensor
Tilt Sensor

Applications Covered:
Building Automation
Flame Monitors
Gas Analyzers
Gas and Fire Detection
Infrared (IR) Imaging Devices
Internal Temperature Measurement
Moisture Analyzers
Motion Sensing
Radiation Thermometers
Scientific
Spectroscopy

End Users Covered:
Aerospace
Automotive
Commercial Applications
Healthcare
Manufacturing
Military & Defence
Oil and Gas
Semiconductor
Telecommunication
Mining
Logistics and transport

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
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Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
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