PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503348
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503348
According to Stratistics MRC, the Global Infrared Sensors Market is accounted for $865.4 million in 2024 and is expected to reach $1411.3 million by 2030 growing at a CAGR of 7.4% during the forecast period. Infrared sensors, vital components in various industries like automotive, aerospace, and consumer electronics, detect and measure infrared radiation emitted by objects. They are utilized in diverse applications including temperature sensing, motion detection, and night vision systems. The market for infrared sensors has seen consistent growth driven by increasing demand for security and surveillance solutions, advancements in sensor technology enhancing performance and reducing costs, and their integration into industrial automation processes.
According to techarch, a survey conducted in 2022 showed that smart TVs had the highest penetration rate among all the smart home devices at 73% in India, thus driving the demand for the infrared sensors market.
Increasing demand for security and surveillance
Infrared sensors play a pivotal role in motion detection, perimeter monitoring, and intrusion detection systems, making them indispensable components in security applications. As the need for enhanced security measures continues to rise across various sectors, including residential, commercial, and industrial, the demand for infrared sensors is expected to experience sustained growth. Advancements in sensor technology, coupled with the expanding scope of security applications, are driving innovation and fueling the adoption of infrared sensors in the global security and surveillance market.
Limited detection range
In cases where long-range detection is required, such as perimeter monitoring in large outdoor areas or aerial surveillance, the constraints of infrared sensors can limit their effectiveness. This limitation may lead potential users to explore alternative sensing technologies like radar or LiDAR that offer longer detection ranges. As a result, the market for infrared sensors may face increased competition from these alternative technologies, impacting its market share and growth potential in specific applications and industries.
Rising applications in consumer electronics
Integration into devices such as smartphones, tablets, and gaming consoles for features like facial recognition, gesture control, and proximity sensing has driven demand. As consumer electronics continue to evolve towards more interactive and intuitive interfaces, the demand for infrared sensors is expected to persist. This trend not only expands the market reach of infrared sensors but also fosters innovation in sensor technology, leading to improvements in performance and miniaturization
Accuracy and reliability concerns
In critical applications such as healthcare, automotive safety systems, and industrial automation, any inaccuracies or failures in sensor performance can lead to serious consequences, including safety hazards and financial losses. Such concerns may prompt potential users to seek alternative sensing technologies or delay adoption until confidence in infrared sensor accuracy and reliability is restored.
Covid-19 Impact
While initial disruptions in manufacturing and supply chains affected production and distribution, the increased demand for non-contact temperature measurement solutions in healthcare facilities, public spaces, and workplaces has led to a surge in the adoption of infrared sensors. Additionally, the growing emphasis on contactless technologies for safety and hygiene has further boosted the demand for infrared sensors in applications such as touchless access control systems and automated temperature screening devices.
The active infrared sensors segment is expected to be the largest during the forecast period
The active infrared sensors is expected to be the largest during the forecast period as they emit their own infrared radiation and detect reflections, are essential in applications like automotive safety systems, industrial automation, and security surveillance. They offer improved accuracy and reliability in motion detection and proximity sensing compared to passive sensors. The ability to operate in diverse environmental conditions and provide real-time data enhances their appeal, driving market growth.
The quantum infrared sensors segment is expected to have the highest CAGR during the forecast period
The quantum infrared sensors segment is expected to have the highest CAGR during the forecast period as these sensors leverage quantum detectors, such as photodiodes, to offer high-performance capabilities crucial for applications in aerospace, defense, and advanced industrial processes. The increased accuracy and reliability of quantum infrared sensors enable their use in demanding environments and critical applications, driving market growth.
North America is projected to hold the largest market share during the forecast period owing to significant advancements in technology and high adoption across various sectors. Key applications include security and surveillance, automotive safety systems, industrial automation, and healthcare. The region benefits from a strong presence of major technology companies and extensive R&D activities. Additionally, increasing demand for smart home devices and consumer electronics further fuels market expansion.
Asia Pacific is projected to hold the highest CAGR over the forecast period owing to the established electronics industry and increasing technological advancements in economies such as China, Japan, and South Korea. Also, the region is the largest producer and consumer of consumer electronics. Moreover factors such as these are driving the demand for smart home automation technology, which, in turn, boosts the demand for IR sensors. TVs, for instance, use an infrared sensor to decode the signals transmitted by remote control.
Key players in the market
Some of the key players in Infrared Sensors market include Advanced Energy Industries Inc., Amphenol Advanced Sensors, Austria Micro Systems (AMS) AG, Excelitas Technologies Corp, FLIR Systems, General Dynamics Corp, Honeywell International Inc., Infrared Integrated Systems Ltd, Leonardo DRS, Melexis NV, Mitsubisihi Electric Corporation, Murata Manufacturing Co. Ltd, Nippon Avionics Co. Ltd., Omron Corp, Sick AG, Teledyne FLIR Systems, Inc, Texas Instruments, Wuhan Guide Infrared Co. Ltd and Yokogawa Electric Corporation
In April 2024, Advanced Energy Industries, Inc. highly engineered, precision power conversion, measurement and control solutions has added two new high-accuracy handheld temperature calibrators to its TEGAM(R) family of measurement and calibration tools.
In June 2024, Mitsubishi Electric Corporation announced that it will launch a web-based service to provide data on the design and validation of a proprietary prototype inverter* equipped with a module containing three LV100 insulated gate bipolar transistors.
In May 2024, Advanced Energy Announces Possible All-Cash Offer to Acquire XP Power Limited. The possible acquisition of XP Power is consistent with Advanced Energy's growth strategy, but the company will remain price disciplined when considering any potential acquisitions, including the potential acquisition of XP Power.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.