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 USD 178.26 million at a CAGR of 7.23% 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

Key drivers such as the increase in number of burglaries are notably supporting the infrared sensors market growth. However, one of the foremost factors impeding market growth is impact of environmental conditions on infrared sensors. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

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 infrared sensors market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • 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 is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed 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.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the infrared sensors market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Infrared Sensors Market?

Infrared-Sensors-Market-Market-Share-by-Region-2020-2025

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The infrared sensors market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 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.

APAC has been recording significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in APAC is increased adoption of infrared sensor in drone application. 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-Market-Share-by-Technology-2020-2025

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The infrared sensors market share growth by the pyroelectric segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides thorough infrared sensors market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. 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 and the growth of the infrared sensors market size.

 

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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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