Infrared Sensor Market is Forecasted to Reach US$ 1.4 Billion in 2028, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global infrared sensor market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2028: US$ 1.4 billion

Growth (CAGR): 5.1% during 2023-2028

Leading Product Type: Thermal Imager

Leading Region: Asia-Pacific

Forecast Period: 2023-2028

Trend Period: 2017-2021

Base Year: 2022

Number of Segments Covered: 2

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Infrared Sensor Market:

The global infrared sensor market is segmented based on product type, and region.

Based on product type – The infrared sensor market is classified as thermal detectors and thermal imagers. Between the two product types, thermal imagers are expected to remain the dominant segment during the forecast period, owing to their applications in a wide range of industries, including automotive, aerospace, military, and security. In addition, thermal imagers also have several advantages over traditional IR sensors, such as cost-effectiveness, small size, high sensitivity, uncooled operation, and improved resolution, which make them one of the most preferred IR sensors. On the other hand, the thermal detector is estimated to witness the fastest market growth in the coming years, owing to its lower cost as compared to the thermal imager and increasing demand in a wide range of applications such as temperature measurement, gas sensing, and motion detection due to their features like non-contact temperature measurement, quick response time, and wide detection range.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific accounted for the largest market share. This growth outlook is majorly attributed to the following–

·      Asia-Pacific is expected to remain the largest market for infrared sensors during the forecast period.

·      This region is home to many Chinese and Japanese players, such as NICERA, Wuhan Guide Sensmart Tech Co., Ltd., Global Sensor Technology, and Murata Manufacturing Ltd.

·      Moreover, the region has been witnessing significant demand in industries such as aerospace, defense, automotive, and healthcare in recent years, particularly in countries like China, India, Japan, and South Korea.

Infrared Sensor Market Drivers:

Some of the key drivers listed in the report are given below.

The increasing adoption of IR sensors in smartphones, wearables, and other consumer electronics is a key driver of the overall market. These sensors are used for facial recognition, proximity sensing, and other applications, enhancing the user experience and improving device security. In addition, the market for IR sensors is also being driven by the increasing number of smart homes and building automation systems, where they are used for motion detection, temperature monitoring, and occupancy sensing.

Top 10 Companies in the Infrared Sensor Market:

Stratview Research has identified the following companies as the top market players (arranged alphabetically).

• Excelitas Technologies Corp.
• Global Sensor Technology
• Heimann Sensor GmbH
• Lynred
• Melexis
• Murata Manufacturing Co., Ltd.
• NICERA
• Seek Thermal
• Teledyne Technologies Incorporated
• Wuhan Guide Sensmart Tech Co., Ltd.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

·      Thermal Detector Market

·      Thermal Imager Market

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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