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The infrared radiation (IR) emitter and receiver market is estimated to grow at a CAGR of 5.28% between 2022 and 2027. The size of the market is forecast to increase by USD 701.11 million. The growth of the market depends on several factors, including the increase in the adoption of IR sensors, the increase in demand for long-wave infrared (LWIR), medium-wave infrared(MWIR) cameras and sensors, and the shift toward discretionary spending.
This report extensively covers market segmentation by end-user (consumer electronics, IR cameras and sensors, and remotes), application (thermal heating, sensing monitoring and detection, imaging, data transmission, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global infrared radiation (IR) emitter and receiver market as a part of the global electronic components market within the electronics market. The parent global electronics market includes manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increase in the adoption of IR sensors is notably driving the market growth, although factors such as the high cost of InGaAs technology may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine theIR marketing strategies to gain a competitive advantage.
Key Infrared Radiation (IR) Emitter And Receiver Market Driver
The increasing adoption of IR sensors is a key factor driving the growth of the global infrared radiation (IR) emitter and receiver market. The declining IR sensor prices and increasing demand from APAC will allow vendors to increase production capacity and reduce IR sensor fixed costs or units, resulting in higher IR sensor adoption rates.
Additionally, rapid technological advancements have led to IR sensor applications in surveillance, automotive manufacturing and testing, gas and fire detection, IR spectroscopy (healthcare), food and pesticide quality control, and other commercial imaging applications. is increasing. Since IR transmitters and receivers are an integral part of IR sensors, increasing demand for IR sensors will create demand for IR transmitters and receivers during the forecast period.
Significant Infrared Radiation (IR) Emitter And Receiver Market Trend
The key trend in the expansion of the infrared radiation (IR) emitter and receiver market is rising investments in autonomous cars. The development of autonomous vehicles has attracted the attention of numerous industry leaders. These vehicles integrate a number of electronic devices, including forward collision warning, lane departure warning, front-view camera systems, backup aid (smart cameras), autonomous brake systems, optical encoders, and LiDAR scanning.
Autonomous cars require sophisticated LiDAR systems to automatically control vehicle speed, distance from other vehicles, and braking in accordance with traffic conditions. For imaging, remote control, and scanning, LiDAR systems integrate a number of components, including IR sensors and camera systems. Additionally, during the projection period, such expanding investments in autonomous vehicles would propel demand for IR emitters and receivers.
Major Infrared Radiation (IR) Emitter And Receiver Market Challenge
The development of the global infrared radiation (IR) emitter and receiver market is significantly hampered by the high cost of InGaAs technology. The short-wave infrared (SWIR) cameras use the InGaAs technology for spectroscopic analyses, owing to the high peak wavelength of the emitted light and the quantum efficiency of these sensors compared with NIR-enhanced cooled or uncooled charge-coupled device (CCD) and complementary metal-oxide-semiconductor (CMOS) cameras. Due to the nature of InGaAs sensors, the high-quality output image of SWIR cameras is a challenge.
The InGaAs sensor architecture combines the silicon-based CMOS readout circuit with an InGaAs photosensitive array for the wavelength sensitivity of the sensor. However, this process of combining is both complex and time-consuming, adding to the production cost. The high production cost of the InGaAs technology-based sensors can hinder the adoption of IR sensors, which will adversely affect the global infrared radiation (IR) emitter and receiver market during the forecast period.
Key Infrared Radiation (IR) Emitter And Receiver Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop theIR growth strategies.
Global Infrared Radiation (IR) Emitter and Receiver Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance theIR presence in the market.
ams.com - The company offers infrared radiation emitter and receiver that have automatic single alternative address option with split near or far photodiodes and offset emitter placement.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the consumer electronics segment will be significant during the forecast period. The adoption of advanced technologies, owing to lifestyle choices, mostly by the younger generation, is increasing with the rise in purchasing power. The growing affordability of products such as smartphones is driving the global infrared radiation (IR) emitter and receiver market.
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The consumer electronics segment was valued at USD 941.61 million in 2017 and continue to grow by 2021. The increased penetration of smartphones and tablets, along with the increased demand for high-quality cameras, is driving the market for IR emitters and receivers. Advances in technology have enabled the easy integration of miniature IR sensors into compact electronic devices such as smaller smartphones. These factors will facilitate market growth during the forecast period.
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APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC has the largest penetration and adoption of infrared sensors, owing to the presence of a large number of LED diode and IC manufacturers in countries such as China, Japan, and Taiwan. Also, APAC is a global manufacturing hub of consumer electronic devices and other industrial products, which require infrared emitters and receivers. The automotive segment in APAC is large. Japan has many prominent car manufacturers, including Toyota Motor, Nissan, Suzuki Motor, and Mitsubishi Motors. IR sensors are extensively used in the manufacturing and testing of automotive parts. They are used in automotive climate control and windshield anti-fog sensing. The increasing car production in APAC will drive the adoption of IR sensors, which will ultimately propel the growth of the IR emitter and receiver market in APAC during the forecast period.
However, in the last quarter of 2020, many countries in APAC lifted restrictions on various businesses, which allowed vendors to resume their routine operations by adhering to COVID-19 guidelines. Vendors mandated social distancing and restricted the entry of non-essential visitors at their facilities. Such initiatives helped vendors remain operational and allowed the market to recover slowly during the forecast period. The easing of lockdown restrictions and the use of COVID-19 vaccines are promoting the sales of IR emitters and receivers in APAC and are expected to drive the growth of the regional market during the forecast period. Also, the region is expected to experience an expansion of vendors during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by End-user (Consumer electronics, IR cameras and sensors, and Remotes), Application (Thermal heating, Sensing monitoring and detection, Imaging, Data transmission, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
Infrared Radiation (IR) Emitter And Receiver Market Scope |
|
Report Coverage |
Details |
Page number |
179 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.28% |
Market growth 2023-2027 |
USD 701.11 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.46 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 55% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ams AG, Excelitas Technologies Corp., Fluke Corp., Hamamatsu Photonics KK, Heraeus Holding GmbH, Honeywell International Inc., Leonardo DRS Inc., LITE ON Technology Corp., Murata Manufacturing Co. Ltd., PI Manufacturing Corp., ROHM Co. Ltd., Teledyne Technologies Inc., Texas Instruments Inc., Thales Group, Toshiba Corp., TT Electronics Plc, Ushio Inc., VIGO System SA, and Vishay Intertechnology Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requIRements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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