Infrared Sensors Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[180+ Pages Report] According to the report published by Facts Factors, the global infrared sensors market size was worth around USD 685 million in 2022 and is predicted to grow to around USD 995 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.48% between 2023 and 2030. The report analyzes the global infrared sensors market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the infrared sensors market.

The infrared sensors Market report analyzes and notifies the industry statistics at the global, regional, and country levels to acquire a thorough perspective of the entire infrared sensors market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in value (USD Million) from FY 2020 – 2030.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the infrared sensors industry. The report analyzes and declares the historical and current trends analysis of the infrared sensors industry and subsequently recommends the projected trends anticipated to be observed in the Infrared Sensors market during the upcoming years.

Key Insights from Primary Research

• As per our analysis, the infrared sensors market is set to grow annually at a rate of around 5.48%
• It was valued through primary research that the infrared sensors market was valued at around USD 685 million in 2022
• Asia-Pacific is currently holding the largest share among all the regions and expected to rise in the upcoming period.
• Owing to the rising consumption of consumer electronics products the market may witness significant development and investment from major players operating in the market.

Key Recommendations from Analysts

• As per our analysisit was anticipated that in upcoming years application of the market will grow majorly in developed countries
• The market value for year 2030 is estimated to reach around USD 995 million
• Asia-Pacific region is likely to held major market share in upcoming years
• As per our analysts, the global infrared sensors market may boom in coming years due to high penetration of advanced technologies such as IoT and AI (artificial intelligence).

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the infrared sensors industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the infrared sensors industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the infrared sensors market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the infrared sensors industry. The infrared sensors market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the infrared sensors sector. Key strategic developments in the Infrared Sensors market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the infrared sensors market are appropriately highlighted in the report.

The global infrared sensor market is driven by factors such as increased safety levels and rising demand for consumer electronic products. Cooled infrared sensors rely on the cryogenic cooling mechanism in comparison with uncooled sensors. This results in substantially low, cost-effective, and less complex detectors. Retail rates are expected to further improve the market. The capabilities of night vision are also analyzed to improve the demand for infrared sensors. The worldwide market for infrared sensors has been expanded by advances in vertical automation, including semiconductors and electronics, aerospace and defense, and healthcare. The growing value of intelligent healthcare equipment is further driving this growth.

In addition, the growing use of thermistors and sensor resistance temperatures has also resulted in the development and progress of the pharmaceutical industry. The main opportunities for a global infrared sensor market that is expected to be stable and grow at a decent range include the end-use of night visions, hyperspectral imaging,  art restoration, reflector imaging, climatology and meteorology,  infrared tracking, gas detectors, anesthesiology testing, astronomy, rail safety, thermosets, flame monitors and moisture testing. In addition, increasing demand for domestic automation is a key factor in the development of the global infrared sensors market.

The infrared sensors market research report delivers an acute valuation and taxonomy of the infrared sensors industry by practically splitting the market on the basis of different detection, end-use, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

Report Scope

The regional segmentation of the infrared sensors industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the infrared sensors industry is provided for the leading economies of the world.

The infrared sensors market is segmented based on detection and end-use. On the basis of detection segmentation, the market is classified into active and passive. In terms of end-use segmentation, the market is bifurcated into Aerospace & Defense, Automotive, Oil & Gas, and Others.

Some of the essential players operating in the infrared sensors market, but not restricted include

• Honeywell International Inc.
•  Murata Manufacturing Co. Ltd.
•  Raytheon Company
•  Teledyne Technologies
•  Omron Corporation
•  Texas Instruments Incorporated
•  Hamamatsu Photonics K.K

The taxonomy of the infrared sensors industry by its scope and segmentation is as follows:

By Detection Segmentation Analysis

• Active
• Passive

By End-Use Segmentation Analysis

• Aerospace & Defence
• Automotive
• Oil & Gas
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa