Global Infrared (IR) Sensor Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

Industry : ICTPublished Date : January 30th, 2018
Tutorials Get 15% Discount on First Report

Global Infrared (IR) Sensor Market is expected to grow significantly from USD 270.7 Million in 2016 to USD 632.1 Million in 2023, at a CAGR of 13.1% from 2017 to 2023. Factors driving the growth of the global IR sensor market include rising demand of consumer electronics such as smartphones, tablets and smart TVs, high concern for safety and security at commercial environments. Moreover, the smaller size, high reliability, lower cost and increasing automation are further augmenting the growth of the IR sensor market. The factors expected to bolster the growth of the global IR sensor market include growing trend of sensor miniaturization, cost reduction, and integration of IR Sensor into smart devices. Furthermore, technological advancements in infrared sensor technology provide potential growth opportunities for the global IR sensor market. The years used for the assessment are as follows:

  • Historical year: 2015
  • Base year: 2016
  • Forecast period: 2017 – 2023

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total infrared (IR) sensor market and it various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the infrared (IR) sensor market
  • Finalizing the overall size and share of the global infrared (IR) sensor market

OBJECTIVES: 

  • To classify the global Infrared (IR) sensor market into segments by working mechanism, detection, functionality, end-user, and region,  and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers, and restraints associated with the infrared (IR) sensor market
  • Profiling key companies operating in the global infrared (IR) sensor market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for global infrared (IR) sensor market is as follows:

By Working Mechanism 

  • Active Infrared (AIR) Sensor
  • Passive Infrared (PIR) Sensor

By Detection

  • Uncooled Infrared (UIR) Sensor
  • Cooled Infrared (CIR) Sensor

By Functionality

  • Thermal Infrared (TIR) Sensor
  • Quantum Infrared (QIR) Sensor 

By End User 

  • Oil & Gas
  • Chemicals
  • Consumer Electronics
  • Mining
  • Pharmaceuticals
  • Aerospace and Defense
  • Others 

By Region 

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Global Infrared (IR) Sensor Market is expected to grow significantly from USD 270.7 Million in 2016 to USD 632.1 Million in 2023, at a CAGR of 13.1% from 2017 to 2023. Factors driving the growth of the global IR sensor market include rising demand of consumer electronics such as smartphones, tablets and smart TVs, and high concern for safety and security in commercial environments. Moreover, the smaller size, high reliability, lower cost, and increasing automation are further augmenting the growth of the IR sensor market. However, government regulations and limited accuracy in certain conditions in the usage of IR sensor may hinder the growth of the global IR sensor market.

An infrared (IR) sensor is a detector which acts in response to infrared radiation. IR sensor is an electronic instrument, used to sense certain characteristics of surroundings by either emitting or detecting IR radiations. Growing trend of sensor miniaturization, cost reduction, and integration of IR sensor into smart devices have led to an increasing demand for these sensors. Furthermore, technological advancements in infrared sensor technology provide potential growth opportunities for the global IR sensor market.

The global IR sensor market is segmented on the basis of working mechanism, detection, functionality, end user, and region. Based on the working mechanism, IR sensors are bifurcated into active infrared (AIR) and passive infrared (PIR). The passive infrared (IR) sensor segment was the largest segment in the global Infrared (IR) Sensor market in 2016. Detection segment includes uncooled IR sensor and cooled IR sensor. Functionality segment is divided into the thermal infrared sensor and quantum infrared sensor. The thermal infrared (IR) sensor segment was the largest segment in the global infrared (IR) sensor market in 2016. On the basis of end-user, the global IR sensor market is segmented into oil & gas, chemicals, consumer electronics, mining, pharmaceuticals, aerospace & defense, and others. Consumer electronics and security is the largest application segment of the IR sensor market.

Geographically, global infrared (IR) sensor market is segmented into North-America, Europe, Latin America, Asia-Pacific (APAC) and, Middle East & Africa (MEA). North America holds the largest market share of IR sensor during the forecast period, owing to the availability of advanced technology. Asia-Pacific is expected to be the fastest growing market in the global IR sensor market during the forecast period. The factors propelling the growth rate of the IR sensor market in the region are increasing demand of IR sensor for temperature measurement, industrial applications, and military and defense.

Major players in the IR Market includes Hamamatsu Photonics, Excelitas Technologies Corp., Nippon Ceramic Co. Ltd, Honeywell International Inc., Murata Manufacturing Co., Texas Instruments Inc., Nippon Avionics, Raytheon Company, Ltd, Omron Corporation, FLIR Systems Inc, Sofradir, and Nicera among others.

Infrared Sensor Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Working Mechanism

1.2.2. Market Breakdown, By Detection

1.2.3. Market Breakdown, By Functionality

1.2.4. Market Breakdown, By End User

1.2.5. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Sources

1.5. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Market Share

2.2.2. Opportunities

2.2.2.1. Technological advancement in infrared sensor technology provides growth opportunities to the IR sensors manufacturers

2.2.3. Trends

2.2.3.1. Miniaturization of infrared (IR) sensors and integration of IR sensors into smart devices is trending among IR sensors manufacturers

2.2.4. Growth Drivers

2.2.4.1. Increasing demand of consumer electronics such as smartphones, tablets and smart TVs

2.2.4.2. High concerns for safety and security at commercial environment

2.2.4.3. Smaller size and high reliability

2.2.4.4. Lower cost of infrared (IR) sensors

2.2.5. Impact Analysis of Drivers on Future Forecast of the Market

2.2.6. Restraints of the Market

2.2.6.1. High cost of infrared (IR) Sensors machines and software

2.2.7. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Infrared (IR) Sensors Market Size and Forecast (2013 – 2023)

4.1. Global Infrared (IR) Sensors Market, By Working Mechanism

4.1.1. Active Infrared (AIR) Sensors

4.1.2. Passive Infrared (PIR) Sensors

4.2. Global Infrared (IR) Sensors Market, By Detection

4.2.1. Uncooled Infrared (UIR) Sensors

4.2.2. Cooled Infrared (CIR) Sensors

4.3. Global Infrared (IR) Sensors Market, By Functionality

4.3.1. Thermal Infrared (TIR) Sensors

4.3.2. Quantum Infrared (QIR) Sensors

4.4. Global Infrared (IR) Sensors Market, By End User

4.4.1. Oil & Gas

4.4.2. Chemicals

4.4.3. Consumer Electronics

4.4.4. Mining

4.4.5. Pharmaceuticals

4.4.6. Aerospace and Defense

4.4.7. Others

4.5. Global Infrared (IR) Sensors Market, By Region

4.5.1. North America

4.5.2. Europe

4.5.3. Asia-Pacific (APAC)

4.5.4. Middle East and Africa (MEA)

4.5.5. Latin America

CHAPTER 5. Global Infrared (IR) Sensors Market, By Region

5.1. North America Infrared (IR) Sensors Market (USD Billion)

5.1.1. North America Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.1.2. North America Infrared (IR) Sensors Market, By Detection (USD Billion)

5.1.3. North America Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.1.4. North America Infrared (IR) Sensors Market, By End-User (USD Billion)

5.1.5. North America Global Infrared (IR) Sensors Market, By Country (USD Billion)

  5.1.5.1. The U.S. Infrared (IR) Sensors Market (USD Billion)

5.1.5.1.1. U.S. Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.1.5.1.2. U.S. Infrared (IR) Sensors Market, By Detection (USD Billion)

5.1.5.1.3. U.S. Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.1.5.1.4. U.S. Infrared (IR) Sensors Market, By End User (USD Billion)

 5.1.5.2. Canada Infrared (IR) Sensors Market (USD Billion)

5.1.5.2.1. Canada Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.1.5.2.2. Canada Infrared (IR) Sensors Market, By Detection (USD Billion)

5.1.5.2.3. Canada Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.1.5.2.4. Canada Infrared (IR) Sensors Market, By End User (USD Billion)

 5.1.5.3. Mexico Infrared (IR) Sensors Market (USD Billion)

5.1.5.3.1. Mexico Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.1.5.3.2. Mexico Infrared (IR) Sensors Market, By Detection (USD Billion)

5.1.5.3.3. Mexico Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.1.5.3.4. Mexico Infrared (IR) Sensors Market, By End User (USD Billion)

5.2. Europe Infrared (IR) Sensors Market (USD Billion)

5.2.1. Europe Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.2.2. Europe Infrared (IR) Sensors Market, By Detection (USD Billion)

5.2.3. Europe Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.2.4. Europe Infrared (IR) Sensors Market, By End User (USD Billion)

5.2.5. Europe Infrared (IR) Sensors Market, By Country (USD Billion)

   5.2.5.1. Germany Infrared (IR) Sensors Market (USD Billion)

  5.2.5.1.1. Germany Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

  5.2.5.1.2. Germany Infrared (IR) Sensors Market, By Detection (USD Billion)

  5.2.5.1.3. Germany Infrared (IR) Sensors Market, By Functionality (USD Billion)

  5.2.5.1.4. Germany Infrared (IR) Sensors Market, By End User (USD Billion)

  5.2.5.2. France Infrared (IR) Sensors Market (USD Billion)

 5.2.5.2.1. France Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

 5.2.5.2.2. France Infrared (IR) Sensors Market, By Detection (USD Billion)

 5.2.5.2.3. France Infrared (IR) Sensors Market, By Functionality (USD Billion)

 5.2.5.2.4. France Infrared (IR) Sensors Market, By End User (USD Billion)

 5.2.5.3. Italy Infrared (IR) Sensors Market (USD Billion)

5.2.5.3.1. Italy Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.2.5.3.2. Italy Infrared (IR) Sensors Market, By Detection (USD Billion)

5.2.5.3.3. Italy Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.2.5.3.4. Italy Infrared (IR) Sensors Market, By End User (USD Billion)

5.2.5.4. UK Infrared (IR) Sensors Market (USD Billion)

5.2.5.4.1. UK Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.2.5.4.2. UK Infrared (IR) Sensors Market, By Detection (USD Billion)

5.2.5.4.3. UK Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.2.5.4.4. UK Infrared (IR) Sensors Market, By End User (USD Billion)

5.2.5.5. Rest of Europe Infrared (IR) Sensors Market (USD Billion)

5.2.5.5.1. Rest of Europe Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.2.5.5.2. Rest of Europe Infrared (IR) Sensors Market, By Detection (USD Billion)

5.2.5.5.3. Rest of Europe Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.2.5.5.4. Rest of Europe Infrared (IR) Sensors Market, By End User (USD Billion)

5.3. Asia-Pacific Infrared (IR) Sensors Market (USD Billion)

5.3.1. Asia-Pacific Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.3.2. Asia-Pacific Infrared (IR) Sensors Market, By Detection (USD Billion)

5.3.3. Asia-Pacific Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.3.4. Asia-Pacific Infrared (IR) Sensors Market, By End User (USD Billion)

5.3.5. Asia-Pacific Infrared (IR) Sensors Market, By Country (USD Billion)

  5.3.5.1. China Infrared (IR) Sensors Market (USD Billion)

 5.3.5.1.1. China Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

 5.3.5.1.2. China Infrared (IR) Sensors Market, By Detection (USD Billion)

 5.3.5.1.3. China Infrared (IR) Sensors Market, By Functionality (USD Billion)

 5.3.5.1.4. China Infrared (IR) Sensors Market, By End User (USD Billion)

 5.3.5.2. Japan Infrared (IR) Sensors Market (USD Billion)

5.3.5.2.1. Japan Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.3.5.2.2. Japan Infrared (IR) Sensors Market, By Detection (USD Billion)

5.3.5.2.3. Japan Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.3.5.2.4. Japan Infrared (IR) Sensors Market, By End User (USD Billion)

5.3.5.3. India Infrared (IR) Sensors Market (USD Billion)

5.3.5.3.1. India Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.3.5.3.2. India Infrared (IR) Sensors Market, By Detection (USD Billion)

5.3.5.3.3. India Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.3.5.3.4. India Infrared (IR) Sensors Market, By End User (USD Billion)

5.3.5.4. South Korea Infrared (IR) Sensors Market (USD Billion)

5.3.5.4.1. South Korea Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.3.5.4.2. South Korea Infrared (IR) Sensors Market, By Detection (USD Billion)

5.3.5.4.3. South Korea Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.3.5.4.4. South Korea Infrared (IR) Sensors Market, By End User (USD Billion)

5.3.5.5. Rest of Asia-Pacific Infrared (IR) Sensors Market (USD Billion)

5.3.5.5.1. Rest of Asia-Pacific Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.3.5.5.2. Rest of Asia-Pacific Infrared (IR) Sensors Market, By Detection (USD Billion)

5.3.5.5.3. Rest of Asia-Pacific Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.3.5.5.4. Rest of Asia-Pacific Infrared (IR) Sensors Market, By End User (USD Billion)

5.4. Latin America Infrared (IR) Sensors Market (USD Billion)

5.4.1. Latin America Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.4.2. Latin America Infrared (IR) Sensors Market, By Detection (USD Billion)

5.4.3. Latin America Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.4.4. Latin America Infrared (IR) Sensors Market, By End User (USD Billion)

5.4.5. Latin America Infrared (IR) Sensors Market, By Country (USD Billion)

   5.4.5.1. Brazil Infrared (IR) Sensors Market (USD Billion)

 5.4.5.1.1. Brazil Global Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

 5.4.5.1.2. Brazil Global Infrared (IR) Sensors Market, By Detection (USD Billion)

 5.4.5.1.3. Brazil Global Infrared (IR) Sensors Market, By Functionality (USD Billion)

 5.4.5.1.4. Brazil Global Infrared (IR) Sensors Market, By End User (USD Billion)

  5.4.5.2. Rest of Latin America Infrared (IR) Sensors Market (USD Billion)

5.4.5.2.1. Latin America Infrared (IR) Sensors Market, By Working Mechanism (USD Billion)

5.4.5.2.2. Latin America Infrared (IR) Sensors Market, By Detection (USD Billion)

5.4.5.2.3. Latin America Infrared (IR) Sensors Market, By Functionality (USD Billion)

5.4.5.2.4. Latin America Infrared (IR) Sensors Market, By End User (USD Billion)

CHAPTER 6. Key Players and Strategic Developments

6.1. Hamamatsu Photonics

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. SWOT Analysis

6.1.5. Strategic Developments

6.2. Excelitas Technologies

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. SWOT Analysis

6.2.5. Strategic Developments

6.3. Murata Manufacturing Co. Ltd.

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. SWOT Analysis

6.3.5. Strategic Developments

6.4. Raytheon

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. SWOT Analysis

6.4.5. Strategic Developments

6.5. InfraTec GmbH

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. SWOT Analysis

6.5.5. Strategic Developments

6.6. Teledyne

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. SWOT Analysis

6.6.5. Strategic Developments

6.7. Honeywell International Inc.

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. SWOT Analysis

6.7.5. Strategic Developments

6.8. Texas Instruments Inc.

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. SWOT Analysis

6.8.5. Strategic Developments

6.9. Nippon Avionics Co. Ltd.

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. SWOT Analysis

6.9.5. Strategic Developments

6.10. FLIR Systems Inc.

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. SWOT Analysis

6.10.5. Strategic Developments

6.11. Abbreviations

Global Infrared (IR) Sensor Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2023