Infrared Sensor Market Global Scenario, Market Size, Outlook, Trend and Forecast 2018-2026
The Global Infrared Sensor Market is expected to reach $953.6 Million by 2026; with a CAGR of 9.2% from 2019 to 2026. North America accounts for the major share in the Infrared Sensor Market. Rise of the manufacturing of electronics equipment & the advancement in the digital technologies across the world are expected to boost the market in the estimated period.
The key factors for driving the global infrared sensor market are the potential use of 5G technology along with the increasing use of wireless communication technologies. The growing application of machine learning & internet of things (IoT) in various industries further propels the market of infrared sensors. The growing demand from the government of various countries in their smart city projects also augments the infrared sensor market. At the consumption level, the use of wearable devices, smart phones, tablets, smart televisions are inevitable creating the demand for infrared sensors. An innovative ways of generating the energy sources creates the demand. In automation industry, the tremendous use of infrared sensors in testing, placing & detecting the errors automatically increases the demand.
The global infrared sensor market is segmented into detection, range of spectrum, functionality, end-use industry, working mechanism and geography. By detection, the infrared sensor market is divided into cooled infrared sensors & uncooled infrared sensors. By the end-use industry, the market is divided into food processing, aerospace, and mining, defense, and healthcare, IoT, consumer electronics, pharmaceuticals and many others. By working mechanism, the market is further segmented into active infrared sensors and passive infrared sensors. By geography, the market is distributed across the various geographical regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, Italy, UK, & Rest of Europe. Japan, China, Russia, India, Australia, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also part of the report. Top players are Honeywell International, Texas Instruments Incorporated, Nicera, Teledyne Technologies, InfraTec GmbH, Exelitas, Hamamatsu Photonics K.K.,Flir Systems, Omron, Ulis, and others.
The Highlights of the Report
Scope of the Global Infrared Sensor Market
By Working Mechanism
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Rest of the World
o South America & Central America
o The Middle East