Enjoy complimentary customisation on priority with our Enterprise License!
The infrared (IR) sensors market size is estimated to grow at a CAGR of 8.24% between 2022 and 2027. The size of the market is forecast to increase by USD 224.7 million. The growth of the market depends on several factors, including the increasing number of burglaries, increased adoption of infrared sensors in drone applications, and the development of smart cities.
This report extensively covers market segmentation by application (commercial, healthcare, automotive, and others), technology (pyroelectric, thermopile, microbolometers, InGaAs, and MCT), 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.
To learn more about this report, Download Report Sample
The increasing number of burglaries is notably driving the market growth, although factors such as the impact of environmental conditions on infrared sensors 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 Sensors Market Driver
The increase in the number of burglaries is a major factor driving the market growth. Burglaries are on the rise in several countries including the Netherlands, Denmark, Sweden, Belgium, Brazil, Costa Rica, and Australia. The growing need to reduce theft and burglary has increased the demand for smart homes. Homeowners can spot an intruder and take necessary action with the live video feed available to them. The LED has a built-in alarm circuit that emits and detects the presence and thus helps detect intrusion. The infrared sensors are installed on one side of the door frame and the LED on the other. Infrared radiation emitted by infrared sensors directly hits the photodiode, and if an object or person blocks the infrared path, an alarm sounds. This mechanism is widely used in smart home security systems. Therefore, to prevent and reduce theft and theft, the demand for smart homes is increasing globally, which in turn will drive the market during the forecast period.
Significant Infrared Sensors Market Trends
The adoption of night vision technologies in smart doorbells is another factor supporting the market growth. It is necessary to deploy technologies that work suitably at night time because most burglaries are perceived to occur during the night time. This is a potential opportunity for several smart doorbell manufacturers as they can integrate night vision technologies into their products. Since these smart doorbells are integrated with motion sensor technology, homeowners will be notified in case of any intrusion.
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.
Major Infrared Sensors Market Challenge
The impact of environmental conditions on infrared sensors will be a major challenge for market growth. 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 the failure of infrared sensors in critical situations can decline the market share, thereby hindering market growth.
Key Infrared Sensors 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 Sensors 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.
Zhengzhou Winsen Electronics Technology Co Ltd. - The company offers infrared sensors through its subsidiary Lynred. Under this segment, the company offers co2 gas sensor, co sensor, combustible sensor, dust sensor, h2 sensor, toxic gas sensor, air quality sensor, alcohol sensor, nh3 gas sensor, ch2o gas sensor, o2 sensor, o3 gas sensor, so2 gas sensor.
The market 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 of the commercial segment will be significant during the forecast period. The commercial segment includes consumer electronics and monitoring and surveillance application. The consistent rise in the adoption of smartphones, tablets, gaming consoles, and Bluetooth headsets has led to an increased demand for infrared sensors. Infrared sensors are used in various applications like cameras and gesture recognition devices. The increased penetration of smartphones and tablets, along with the increased demand for high-quality cameras, is driving the market.
Get a glance at the market contribution of various segments Request a PDF Sample
The commercial segment was valued at USD 156.21 million in 2017 and continued to grow until 2021. The global IR sensors market for monitoring and surveillance application is driven by a high-quality, high-contrast infrared thermal camera and an optimized software solution. Infrared sensor vendors provide high-quality sensors to device manufacturers. Vendors like FLIR Systems, Fluke, and Jenoptik provide uncooled (VOx) as well as cooled thermal security cameras for intrusion detection through video motion display (VMD), lighting control, and video alarm. Surveillance and monitoring solutions based on infrared sensors are driving the market.
For more insights on the market share of various regions Request PDF Sample now!
APAC is estimated to contribute 45% 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 dominated the global infrared (IR) sensors market due to the presence of major consumer electronics manufacturers and automotive manufacturers in the region. Countries such as China, South Korea, and Japan are the leading manufacturers of consumer electronic devices. Some of the major companies include LG Electronics, Lenovo, Samsung, Sony, Toshiba, Xiaomi, BYD Electronic, and others. Automotive manufacturers in the region include Toyota Motor, Nissan Motor, and Mitsubishi Motors.
The abundant availability of raw materials and the low establishment and labor costs have helped companies set up their production centers in the region. These end-users will place orders with infrared sensor manufacturers for several sensors, which will be integrated into their final product offerings. An increase in the demand for several consumer electronics will drive the demand for infrared sensors to be integrated into these devices.
The market in APAC witnessed a significant decline in revenue owing to the outbreak of COVID-19. However, vendors mandated social distancing and restricted the entry of non-essential visitors at their facilities. In addition, the region is expected to experience an expansion of vendors during the forecast period. Such initiatives helped vendors remain operational and allowed the market to recover slowly.
The market research 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.
|
Infrared Sensors 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 8.24% |
|
Market growth 2023-2027 |
USD 224.7 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
7.75 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 45% |
|
Key countries |
US, China, Japan, South Korea, and Germany |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
ams OSRAM AG, Elmos Semiconductor AG, Excelitas Technologies Corp., FUJI and Co., Hamamatsu Photonics KK, Honeywell International Inc., InfraTec GmbH, L3Harris Technologies Inc., Leonardo Spa, Melexis NV, Nippon Avionics Co. Ltd., Nippon Ceramic Co. Ltd., OMRON Corp, Parallax Inc., Raytheon Technologies Corp., Teledyne Technologies Inc., Texas Instruments Inc., Thales Group, Zhengzhou Winsen Electronics Technology Co Ltd., 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 recovery analysis and future consumer dynamics, and Market condition analysis for the 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 Application
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
