Infrared Sensor Market Size, Company Profiles and Business Trends by 2027

 Market Highlights

The Global Infrared (IR) Sensor Market size is expected to grow from USD 387.4 Million in 2018 to USD 747 Million by 2025, at a CAGR of 10% during the forecast period. 

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Market Segmentation 

On the basis of spectrum range, the Infrared Sensor Industry has been segmented into Short- Wave IR (SWIR), Mid- Wave IR (MWIR), Long- Wave (LWIR)

On the basis of working mechanism, the market has been segmented active and passive

On the basis of type, the market has been segmented into thermal infrared sensors and quantum infrared sensors

 On the basis of detection, the market has been segmented into uncooled infrared sensors and cooled infrared sensors.

On the basis of end user, the market has been segmented into healthcare, aerospace and defense, automotive, commercial, manufacturing, oil and gas, and others.

Key Players

The Key Players in the Infrared Sensor Market are Murata Manufacturing Co., Ltd (Japan), Honeywell International Inc. (US), Sofradir (France), Teledyne Technologies (US), Raytheon Company (US), Texas Instruments Incorporated (US), Hamamatsu Photonics KK (Japan), Omron Corporation (Japan), Nippon Avionics (Japan), Excelitas Technologies Corp. (US), Nippon Ceramic Co. Ltd (Japan), Omron Corporation (Japan), Dali Technology (China), Wuhan Guide Infrared Co., Ltd (China), Qioptiq Ltd (UK), Pelco (US), L-3 Communications Holdings, Inc. (US), General Dynamics Corporation (US), Fluke Corporation (US), FLIR Systems, Inc. (US), E.D. Bullard Company (US), DRS Technologies, Inc. (US), Bosch Security Systems (US), and Axis Communications AB (Sweden).

Regional Analysis

The Global Market for infrared sensor market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of the infrared sensor market has been done across North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific remains the dominating region throughout the forecast period due to increased demand in healthcare. Infrared is useful in the healthcare sector as this type of rays can penetrate the skin, helping in spotting varicose veins. The growing demand for IR photography in Singapore is also fueling the market growth owing to its use in dentistry apart from its use in screening abdomen, thyroid glands, and breast tumors. On the other hand, China holds the highest percentage of market share from the military with uses of infrared for target acquisition. Apart from that, it is also used in finding illegal drug farms. IR helps in detecting celestial objects that are not easily visible to the human eye.

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