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Infrared Sensors Market by Technology, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 141
  • SKU: IRTNTR70607
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The infrared sensors market share is expected to increase by USD 178.26 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 7.23%.

This infrared sensors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers infrared sensors market segmentations by technology (pyroelectric, thermopile, microbolometers, InGaAs, and MCT), application (commercial, healthcare, automotive, and others), and geography (APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA). The infrared sensors market report also offers information on several market vendors, including ams AG, Excelitas Technologies Corp., Hamamatsu Photonics KK, Honeywell International Inc., Lynred, Murata Manufacturing Co. Ltd., OMRON Corp., Raytheon Technologies Corp., Teledyne Technologies Inc., and Texas Instruments Inc. among others.

What will the Infrared Sensors Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Infrared Sensors Market Size for the Forecast Period and Other Important Statistics

 

Infrared Sensors Market: Key Drivers, Trends, and Challenges

The increase in number of burglaries is notably driving the infrared sensors market growth, although factors such as impact of environmental conditions on infrared sensors may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the infrared sensors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Infrared Sensors Market Driver

The increase in number of burglaries is a major factor driving the global infrared sensors market share growth. The number of burglaries is increasing in several countries. Some countries with high burglary rates include the Netherlands, Denmark, Sweden, Belgium, Brazil, Costa Rica, and Australia. The rising need to reduce instances of theft and burglaries has resulted in increased demand for smart homes. As there is a live video feed, homeowners can be aware of an intruder and take the necessary action as required. A burglar alarm circuit is embedded with the photodiode, which emits and detects the incidence and thereby helps in detecting the intrusion. The infrared sensors are fitted on one side of the door frame and photodiode on the other side. The infrared radiation emitted by the infrared sensors falls on the photodiode directly, and when an object or person obstructs the infrared path, the alarm rings. This mechanism is used extensively in security systems in smart homes. Therefore, to prevent and reduce the rate of theft and burglaries across the globe, the demand for smart homes is increasing, which, in turn, will drive the market during the forecast period.

Key Infrared Sensors Market Trend

The adoption of night vision technologies in smart doorbells is another factor supporting the global infrared sensors market share growth. As most burglaries are perceived to occur during the nighttime, it is necessary to deploy technologies that work suitably at nighttime as well to keep a home completely safe. As a result, several smart doorbell manufacturers are integrating night vision technologies in their products. These smart doorbells are also integrated with motion sensor technology, which will notify the homeowner in case of any intrusion. Some of the popular smart doorbell manufacturers that have integrated night vision technologies into their devices. Hence, more firms are focusing on providing smart doorbells that provide clear HD vision both during daytime and nighttime. Furthermore, the prices of these products are substantially more. As these smart doorbells are offering several new features as compared with older versions, customers will need to spend more to acquire the latest and best designs in smart doorbells. Features such as night vision technologies in smart doorbells will increase the need for integrating infrared sensors in these devices, thereby driving the market.

Key Infrared Sensors Market Challenge

The impact of environmental conditions on infrared sensors will be a major challenge for the global infrared sensors market share growth during the forecast period. Environmental conditions such as rain, fog, dust, sunlight, and wind can impact the proper functioning of infrared sensors. The atmospheric effects can scatter the transmitted infrared radiation, or harsh sun glare can lead to undesirable and confusing signals being received by the infrared sensors. Infrared detection equipment is sensitive to rain, fog, dust, and smoke. Consequently, any environmental interference to the infrared radiation being transmitted from the target leads to inaccurate detection, resulting in faulty measurement. Therefore, such functional and operational issues and failure of infrared sensors in critical situations can decline the market share, thereby hindering the market growth.

This infrared sensors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global infrared sensors market as part of the global electronic components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the infrared sensors market during the forecast period.

Who are the Major Infrared Sensors Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ams AG
  • Excelitas Technologies Corp.
  • Hamamatsu Photonics KK
  • Honeywell International Inc.
  • Lynred
  • Murata Manufacturing Co. Ltd.
  • OMRON Corp.
  • Raytheon Technologies Corp.
  • Teledyne Technologies Inc.
  • Texas Instruments Inc.

 

This statistical study of the infrared sensors market encompasses successful business strategies deployed by the key vendors. The infrared sensors market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ams AG- The company offers infrared sensors under the brand name Proximity.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The infrared sensors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Infrared Sensors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the infrared sensors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global electronic components market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Infrared Sensors Market?

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45% of the market’s growth will originate from APAC during the forecast period. China, Japan and South Korea (Republic of Korea) are the key markets for infrared sensors market in APAC. Market growth in this region will be faster than the growth of the market in regions.

Increased adoption of infrared sensor in drone application will facilitate the infrared sensors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 affected the growth of the infrared sensors market in APAC in 2020. Regulatory bodies imposed mandatory lockdowns for several months to mitigate the risks of COVID-19, which disrupted the growth of the regional market. However, in the last quarter of 2020, many countries across APAC lifted the restrictions on various business activities, which then allowed vendors to resume their routine operations while adhering to the COVID-19 guidelines of mandated social distancing and restricted entry of non-essential visitors at their facilities. In-person interactions in workplaces were limited, and daily temperature monitoring was mandated at entry points. Such initiatives are expected to help vendors remain operational and allow the regional market to recover slowly and grow during the forecast period.

What are the Revenue-generating Technology Segments in the Infrared Sensors Market?

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The infrared sensors market share growth by the pyroelectric segment will be significant during the forecast period. As the number of smart home automation increases, the adoption of a pyroelectric infrared detector to detect the fire and gas in commercial and residential sectors will increase. Thus, with the adoption of smart home devices, the need for pyroelectric infrared sensors will increase during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the infrared sensors market size and actionable market insights on post COVID-19 impact on each segment.

 

Infrared Sensors Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.23%

Market growth 2021-2025

$ 178.26 million

Market structure

Fragmented

YoY growth (%)

4.80

Regional analysis

APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ams AG, Excelitas Technologies Corp., Hamamatsu Photonics KK, Honeywell International Inc., Lynred, Murata Manufacturing Co. Ltd., OMRON Corp., Raytheon Technologies Corp., Teledyne Technologies Inc., and Texas Instruments 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.

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What are the Key Data Covered in this Infrared Sensors Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive infrared sensors market growth during the next five years
  • Precise estimation of the infrared sensors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the infrared sensors industry across APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of infrared sensors market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
    • Exhibit 03: Value chain analysis: Electronic components
  • 2.2 Value chain analysis

    3 Market Sizing

    • 3.1 Market definition
      • Exhibit 05: Market segments
    • 3.2 Market segment analysis
      • 3.3 Market size 2020
        • 3.4 Market outlook: Forecast for 2020 - 2025
          • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
          • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

        4 Five Forces Analysis

        • 4.1 Five forces summary
          • 4.2 Bargaining power of buyers
            • Exhibit 09: Bargaining power of buyers
          • 4.3 Bargaining power of suppliers
            • Exhibit 10: Bargaining power of suppliers
            • Exhibit 11: Threat of new entrants
          • 4.4 Threat of new entrants
            • Exhibit 12: Threat of substitutes
          • 4.5 Threat of substitutes
            • 4.6 Threat of rivalry
              • Exhibit 13: Threat of rivalry
              • Exhibit 14: Market condition - Five forces 2020
            • 4.7 Market condition

              5 Market Segmentation by Application

              • 5.1 Market segments
                • Exhibit 16: Comparison by Application
              • 5.2 Comparison by Application
                • Exhibit 17: Commercial - Market size and forecast 2020-2025 ($ million)
              • 5.3 Commercial - Market size and forecast 2020-2025
                • Exhibit 18: Commercial - Year-over-year growth 2020-2025 (%)
                • Exhibit 19: Healthcare - Market size and forecast 2020-2025 ($ million)
              • 5.4 Healthcare - Market size and forecast 2020-2025
                • Exhibit 20: Healthcare - Year-over-year growth 2020-2025 (%)
                • Exhibit 21: Automotive - Market size and forecast 2020-2025 ($ million)
              • 5.5 Automotive - Market size and forecast 2020-2025
                • Exhibit 22: Automotive - Year-over-year growth 2020-2025 (%)
                • Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
              • 5.6 Others - Market size and forecast 2020-2025
                • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
                • Exhibit 25: Market opportunity by Application
              • 5.7 Market opportunity by Application

                6 Market Segmentation by Technology

                • 6.1 Market segments
                  • Exhibit 27: Comparison by Technology
                • 6.2 Comparison by Technology
                  • Exhibit 28: Pyroelectric - Market size and forecast 2020-2025 ($ million)
                • 6.3 Pyroelectric - Market size and forecast 2020-2025
                  • Exhibit 29: Pyroelectric - Year-over-year growth 2020-2025 (%)
                  • Exhibit 30: Thermopile - Market size and forecast 2020-2025 ($ million)
                • 6.4 Thermopile - Market size and forecast 2020-2025
                  • Exhibit 31: Thermopile - Year-over-year growth 2020-2025 (%)
                  • Exhibit 32: Microbolometers - Market size and forecast 2020-2025 ($ million)
                • 6.5 Microbolometers - Market size and forecast 2020-2025
                  • Exhibit 33: Microbolometers - Year-over-year growth 2020-2025 (%)
                  • Exhibit 34: InGaAs - Market size and forecast 2020-2025 ($ million)
                • 6.6 InGaAs - Market size and forecast 2020-2025
                  • Exhibit 35: InGaAs - Year-over-year growth 2020-2025 (%)
                  • Exhibit 36: MCT - Market size and forecast 2020-2025 ($ million)
                • 6.7 MCT - Market size and forecast 2020-2025
                  • Exhibit 37: MCT - Year-over-year growth 2020-2025 (%)
                  • Exhibit 38: Market opportunity by Technology
                • 6.8 Market opportunity by Technology

                  7 Customer landscape

                  8 Geographic Landscape

                  • 8.1 Geographic segmentation
                    • Exhibit 41: Geographic comparison
                  • 8.2 Geographic comparison
                    • Exhibit 42: APAC - Market size and forecast 2020-2025 ($ million)
                  • 8.3 APAC - Market size and forecast 2020-2025
                    • Exhibit 43: APAC - Year-over-year growth 2020-2025 (%)
                    • Exhibit 44: North America - Market size and forecast 2020-2025 ($ million)
                  • 8.4 North America - Market size and forecast 2020-2025
                    • Exhibit 45: North America - Year-over-year growth 2020-2025 (%)
                    • Exhibit 46: Europe - Market size and forecast 2020-2025 ($ million)
                  • 8.5 Europe - Market size and forecast 2020-2025
                    • Exhibit 47: Europe - Year-over-year growth 2020-2025 (%)
                    • Exhibit 48: South America - Market size and forecast 2020-2025 ($ million)
                  • 8.6 South America - Market size and forecast 2020-2025
                    • Exhibit 49: South America - Year-over-year growth 2020-2025 (%)
                    • Exhibit 50: MEA - Market size and forecast 2020-2025 ($ million)
                  • 8.7 MEA - Market size and forecast 2020-2025
                    • Exhibit 51: MEA - Year-over-year growth 2020-2025 (%)
                    • Exhibit 52: Key leading countries
                  • 8.8 Key leading countries
                    • 8.9 Market opportunity by geography
                      • Exhibit 53: Market opportunity by geography ($ million)

                    9 Drivers, Challenges, and Trends

                    • 9.1 Market drivers
                      • 9.2 Market challenges
                        • Exhibit 54: Impact of drivers and challenges
                      • 9.3 Market trends

                        10 Vendor Landscape

                        • 10.1 Overview
                          • Exhibit 56: Landscape disruption
                        • 10.2 Landscape disruption
                          • Exhibit 57: Industry risks

                        11 Vendor Analysis

                        • 11.1 Vendors covered
                          • 11.2 Market positioning of vendors
                            • Exhibit 59: Market positioning of vendors
                            • Exhibit 60: ams AG - Overview
                            • Exhibit 61: ams AG - Business segments
                          • 11.3 ams AG
                            • Exhibit 62: ams AG - Key news
                            • Exhibit 63: ams AG - Key offerings
                            • Exhibit 64: ams AG - Segment focus
                            • Exhibit 65: Excelitas Technologies Corp. - Overview
                            • Exhibit 66: Excelitas Technologies Corp. - Product and service
                            • Exhibit 67: Excelitas Technologies Corp. - Key news
                          • 11.4 Excelitas Technologies Corp.
                            • Exhibit 68: Excelitas Technologies Corp. - Key offerings
                            • Exhibit 69: Hamamatsu Photonics KK - Overview
                            • Exhibit 70: Hamamatsu Photonics KK - Business segments
                          • 11.5 Hamamatsu Photonics KK
                            • Exhibit 71: Hamamatsu Photonics KK - Key news
                            • Exhibit 72: Hamamatsu Photonics KK - Key offerings
                            • Exhibit 73: Hamamatsu Photonics KK - Segment focus
                            • Exhibit 74: Honeywell International Inc. - Overview
                            • Exhibit 75: Honeywell International Inc. - Business segments
                          • 11.6 Honeywell International Inc.
                            • Exhibit 76: Honeywell International Inc. - Key news
                            • Exhibit 77: Honeywell International Inc. - Key offerings
                            • Exhibit 78: Honeywell International Inc. - Segment focus
                            • Exhibit 79: Lynred - Overview
                            • Exhibit 80: Lynred - Product and service
                            • Exhibit 81: Lynred - Key offerings
                          • 11.7 Lynred
                            • Exhibit 82: Murata Manufacturing Co. Ltd. - Overview
                            • Exhibit 83: Murata Manufacturing Co. Ltd. - Business segments
                            • Exhibit 84: Murata Manufacturing Co. Ltd. - Key news
                          • 11.8 Murata Manufacturing Co. Ltd.
                            • Exhibit 85: Murata Manufacturing Co. Ltd. - Key offerings
                            • Exhibit 86: Murata Manufacturing Co. Ltd. - Segment focus
                            • Exhibit 87: OMRON Corp. - Overview
                            • Exhibit 88: OMRON Corp. - Business segments
                          • 11.9 OMRON Corp.
                            • Exhibit 89: OMRON Corp. - Key news
                            • Exhibit 90: OMRON Corp. - Key offerings
                            • Exhibit 91: OMRON Corp. - Segment focus
                            • Exhibit 92: Raytheon Technologies Corp. - Overview
                            • Exhibit 93: Raytheon Technologies Corp. - Business segments
                          • 11.10 Raytheon Technologies Corp.
                            • Exhibit 94: Raytheon Technologies Corp. - Key news
                            • Exhibit 95: Raytheon Technologies Corp. - Key offerings
                            • Exhibit 96: Raytheon Technologies Corp. - Segment focus
                            • Exhibit 97: Teledyne Technologies Inc. - Overview
                            • Exhibit 98: Teledyne Technologies Inc. - Business segments
                          • 11.11 Teledyne Technologies Inc.
                            • Exhibit 99: Teledyne Technologies Inc. - Key news
                            • Exhibit 100: Teledyne Technologies Inc. - Key offerings
                            • Exhibit 101: Teledyne Technologies Inc. - Segment focus
                            • Exhibit 102: Texas Instruments Inc. - Overview
                            • Exhibit 103: Texas Instruments Inc. - Business segments
                          • 11.12 Texas Instruments Inc.
                            • Exhibit 104: Texas Instruments Inc. - Key news
                            • Exhibit 105: Texas Instruments Inc. - Key offerings
                            • Exhibit 106: Texas Instruments Inc. - Segment focus

                          12 Appendix

                          • 12.1 Scope of the report
                            • Exhibit 107: Currency conversion rates for US$
                          • 12.2 Currency conversion rates for US$
                            • Exhibit 108: Research Methodology
                          • 12.3 Research methodology
                            • Exhibit 109: Validation techniques employed for market sizing
                            • Exhibit 110: Information sources
                            • Exhibit 111: List of abbreviations
                          • 12.4 List of abbreviations

                            Research Framework

                            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                            TechnavioINFORMATION SOURCES

                            Primary sources

                            • Manufacturers and suppliers
                            • Channel partners
                            • Industry experts
                            • Strategic decision makers

                            Secondary sources

                            • Industry journals and periodicals
                            • Government data
                            • Financial reports of key industry players
                            • Historical data
                            • Press releases
                            Technavio

                            TechnavioDATA ANALYSIS

                            Data Synthesis

                            • Collation of data
                            • Estimation of key figures
                            • Analysis of derived insights

                            Data Validation

                            • Triangulation with data models
                            • Reference against proprietary databases
                            • Corroboration with industry experts
                            Technavio

                            TechnavioREPORT WRITING

                            Qualitative

                            • Market drivers
                            • Market challenges
                            • Market trends
                            • Five forces analysis

                            Quantitative

                            • Market size and forecast
                            • Market segmentation
                            • Geographical insights
                            • Competitive landscape
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                            The infrared sensors market growth will increase by $178.26 million during 2021-2025.
                            The infrared sensors market is expected to grow at a CAGR of 7.23% during 2021-2025.
                            Technavio has segmented the infrared sensors market by technology (Pyroelectric, Thermopile, Microbolometers, InGaAs, and MCT) ,application (Commercial, Healthcare, Automotive, and Others) , and geographic (APAC, North America, Europe, South America, and MEA).
                            ams AG, Excelitas Technologies Corp., Hamamatsu Photonics KK, Honeywell International Inc., Lynred, Murata Manufacturing Co. Ltd., OMRON Corp., Raytheon Technologies Corp., Teledyne Technologies Inc., Texas Instruments Inc. are a few of the key vendors in the infrared sensors market.
                            APAC will register the highest growth rate of 45.05% among the other regions. Therefore, the infrared sensors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                            • US
                            • China
                            • Japan
                            • Germany
                            • South Korea (Republic of Korea)
                            The key factors driving the infrared sensors market growth are:
                            • Increase in number of burglaries
                            • Adoption of night vision technologies in smart doorbells
                            The infrared sensors market vendors should focus on grabbing business opportunities from the pyroelectric segment as it accounted for the largest market share in the base year.
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