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

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR70607
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The infrared sensors market value is projected to grow by $ 178.26 mn at a CAGR of 7% during 2021-2025.

This infrared sensors market analysis report entails exhaustive statistical qualitative and quantitative data on Technology (Pyroelectric, Thermopile, Microbolometers, InGaAs, and MCT), Application (Commercial, Healthcare, Automotive, and Others), and Geography (APAC, North America, Europe, South America, and MEA) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Infrared Sensors Market Size be in 2021?

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Infrared Sensors Market: Key Drivers and Trends

Based on our research output, there has been a  impact on the market growth during and post COVID-19 era. 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. To unlock information on the key market drivers and the COVID-19 pandemic impact on the infrared sensors market get your FREE report sample now.

This post-pandemic infrared sensors market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the infrared sensors market trends is essential for building new business opportunities across segmentations and geographies.

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
  • OMRON Corp.
  • Raytheon Technologies Corp.
  • Teledyne Technologies Inc.
  • Texas Instruments Inc.
  • Murata Manufacturing Co. Ltd.

The infrared sensors market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The infrared sensors market is fragmented and is expected to provide favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

For insights on complete key vendor profiles, download a free sample of the infrared sensors market forecast report. The profiles include information on the production, sustainability, and prospects of the leading companies. The report's vendor landscape section also provides industry risk assessment in terms of labor cost, raw material price fluctuation, and other parameters, which is crucial for effective business planning.

Which are the Key Regions for Infrared Sensors Market?

Infrared Sensors Market Share by Geography

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US, China, Japan, Germany, and South Korea (Republic of Korea) are the key markets for infrared sensors market in APAC. Learn about the key, emerging, and untapped markets from our infrared sensors market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 45% of the market’s growth will originate from APAC during the forecast period.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increased adoption of infrared sensor in drone application will facilitate the infrared sensors market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Infrared Sensors Market Share by Technology

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The infrared sensors market share growth by the __ segment has been significant. The infrared sensors market report provides comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides an accurate prediction of the contribution of all the segments to the growth of the infrared sensors market size. Request for a free sample of the report to get an exclusive glimpse of 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%

Market growth 2021-2025

$ 178.26 million

Market structure

Fragmented

YoY growth (%)

4.80

Regional analysis

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

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact 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 Factors 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 market across 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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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
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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
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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 2020-2025.
The infrared sensors market is expected to grow at a CAGR of 7.23% during 2020-2025.
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
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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