Global Infrared Sensor Market 2015-2019
Market overview of IR sensors
The need for cost reduction and miniaturization has led to the growing adoption of IR sensors in smartphone and tablet PCs. Technavio’s research analysts have projected the IR sensors to reach a market size of over USD 556 million by 2019.
In terms of range, the global IR sensor market is dominated by medium wavelength infrared (MWIR) and long wavelength infrared (LWIR) detectors. MWIR and LWIR find their applications in IR thermography and passive vision enhancement for military and civil applications. The market is currently witnessing the emergence of IR sensors in home automation for securing doors and windows, lighting, and electrical appliances, etc. R&D activities involving advanced tracking technologies are expected to further propel the demand for IR sensors during the forecast period.
Global IR sensor market by applications
- Security applications
- Home applications
- Measurement applications
IR sensors are used for testing and measurement applications in various production processes in commercial and industrial sectors. IR sensors for temperature measurement is used across automotive and power sectors.
It is used for checking product quality, performance, and monitoring purposes. Portable IR thermometers are finding increasing adoption for non-contact temperature measurement purposes such as detecting engine failure, cooling system faults, and performance of air conditioning. They are also used for monitoring the efficient functioning of motors, boilers, bearings, and electrical systems in industrial plants.
Segmentation analysis of the global IR sensor market by geography
This research report estimates the IR sensor market in APAC to record a little over USD 239 million in revenue, until 2019. The market is augmented by the presence of some of the major IR sensor vendors such as Murata, Hamamatsu Photonics, and Nippon Avionics in the APAC region. Increasing military budgets in some Asian countries, such as China, India, Pakistan, South Korea, and Japan is also booming the demand for military equipment with IR sensors.
Key vendor analysis of the global IR sensor market
Other prominent vendors include DRS Technologies, General dynamics, L-3 communications, Nippon Avionics, OMRON, Raytheon, Sofradir, TestoAG, Texas Instruments, Vigo systems S.A.
The entry barrier for new vendors in the market is high as it requires high technical competency and huge initial investment to enter the market. Technological advancements are expected to intensify the competitive environment in this market, and the leading vendors are expected to scale up their investments in the market during the forecast period.
Key questions answered in the report
- What are the key factors driving the global IR sensor market?
- What are the key market trends impacting the growth of the global IR sensor market?
- What are the various opportunities and threats faced by the vendors in the global IR sensor market
- Trending factors influencing the market shares for EMEA, APAC, Americas, and ROW?
- Growth forecast of the global IR sensor market until 2019?
- Technavio also offers customization on reports based on specific client requirement.