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Global Infrared Sensor Market to Garner USD 3.3 BN by 2032, with 13.20% CAGR from 2023 to 2032

Sep 27, 2023 11:00 PM ET

Global Infrared Sensor Market to Garner USD 3.3 BN by 2032, with 13.20% CAGR from 2023 to 2032

Infrared Sensor Market Insights

The Infrared Sensor Market is expected to witness significant revenue growth. The proliferation of autonomous vehicles and rising demand for security devices would drive market growth. According to Market Research Future (MRFR), the global infrared sensor market value will escalate from USD 1.1 BN in 2022 to USD 3.3 BN by 2032, growing at a 13.20% CAGR throughout the assessment period (2023-2032). 

Infrared sensors have evolved significantly, going beyond the visible light spectrum. They are low-cost, mass-produced items and can meet relatively low requirements. These sensors are used in various fields, ranging from gas warning devices & analyzers and medical gas measurement technology to flame detectors, intruder alarms, and collecting contactless precision thermometers. 

Infrared detectors witness several applications, including gas analysis, remote temperature measurement, fire detection, and astronomy. In energy and manufacturing industries, IR sensors are used to measure specific temperature measurement without physical contact, ensuring process control, quality assurance, and enhanced safety.

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Major Players 

Leading the infrared sensor market players include

  • Honeywell Inernational Inc. (US),
  • Murata Manufacturing (Japan),
  • Sofradir (France),
  • Raytheon Company (US),
  • Teledyne Technologies (US),
  • Texas Instruments Incorporated (US),
  • Omron Corporation (Japan),
  • Hamamatsu Photonics KK (Japan), and
  • Excelitas Technologies Corp. (US), among others.

Infrared Sensor Market – Segments

The market report is segmented into types, spectrum ranges, working mechanisms, detection, end-users, and regions. The spectrum range segment comprises short-wave IR (SWIR), mid-wave IR (MEIR), and long-wave (LWIR). The working mechanism segment comprises active and passive. The type segment comprises thermal infrared sensors and quantum infrared sensors.

The detection segment comprises uncooled infrared sensors and cooled infrared sensors. The end-user segment comprises healthcare, aerospace & defense, automotive, commercial, manufacturing, and oil & gas. By region, the infrared sensor market is segmented into the Americas, Europe, Asia-Pacific, and the rest of the world. 

Global IR Sensor Market – Regional Analysis 

The Asia-Pacific region dominates the infrared sensor market. The increasing demand for motion sensing applications such as automatic ticket gates, intruder alarms, entryway lighting, and security lighting substantiates the infrared sensor market size. Besides, the wide use of IR sensors in electronic home appliances, toys, and medical devices accelerates the region’s market share.

Europe is emerging as a lucrative market for infrared sensors due to the rising need for weather satellites. Moreover, growing infrared sensor applications in phones, wearables, and electronics boost market revenues. Further, Germany holds the largest share, while the UK is the fastest-growing market for infrared sensors in the European region.

Infrared Sensor Market – Competitive Analysis 

The highly competitive infrared sensor market appears fragmented due to several players forming a competitive landscape. These players strive to gain a larger competitive advantage through acquisitions, strategic partnerships, expansions, product/technology launches, and collaborations. Substantial investments have transpired in the R&D to develop a completely different technology than their competition.

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Industry/Innovation/Related News:

April 10, 2023 — NEC Corporation (NEC) announced the development of the world’s first high-sensitivity uncooled infrared image sensor. Using NEC’s proprietary extraction technology, the new IR sensor leverages high-purity semiconducting carbon nanotubes (CNTs). NEC looks forward to the practical application of this image sensor in 2025. The company will continue its R&D to advance IR image sensor technologies further to expand products and services contributing to various fields.

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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