Infrared Sensor Market Growth Forecast Analysis by Manufacturers, Regions, Types and Applications to 2024
The significant rise in security concerns among consumers and the growing demand for consumer electronics products is impacting the global market for infrared sensors greatly. The massive demand for security at commercial places, such as offices, hospitals, and hotels is likely to push the growth of this market upward in the next few years.
Apart from this, the decline in the retail prices of these sensors is also estimated to bolster the demand for infrared sensors remarkably over the next few years. The rising trend of automation across end users, such as the semiconductor and electronics, aerospace and defense, and the medical and healthcare industries is another important factor that is expected to boost the growth of the infrared sensor market, globally, in the years to come. The market, however, may be restricted to some extent in the future by the high manufacturing cost and stringent government rules and regulations.
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The global market for infrared sensors stood at US$238.8 mn in 2015. Rising at a healthy CAGR of 12.80% from 2015 to 2024, the opportunity in this market is likely to touch US$692.8 mn by the end of 2024.
Infrared sensors are devices emitting, detecting, and receiving infrared waves as heat and infrared radiation. However, there are only a few among these sensors which are capable of only receiving the waves. Most of the infrared detectors are coated with either Fresnel lenses or parabolic mirrors for receiving infrared waves from an entire area. As these waves reach the sensor, it generates a voltage in different waves that is used for triggering alarm or activating some other system. Infrared sensors are used to detect motion and measure heat as well. When objects pass within the wavelength of these sensors, the light waves detect those objects and reflect them back to the sensors. Hence, these sensors help in the motion detection of objects. They have wavelengths less than that of microwaves but longer in comparison with visible light. Thus they cover the intermediate region between the two. Besides, infrared sensors can detect all objects with temperature more than zero, in turn retaining thermal energy. These sensors are able to sense the difference between white and black surfaces, as white reflects light, while absorbs light.
Low power consumption, flexible applications and relatively less production price are the factors that have been driving the growth in the global infrared sensors market. In addition, wavelengths of infrared detectors cover large distances, which boost the scope of applications. However, in case of infrared sensors, applications are restricted as they lack the ability to differentiate between irradiate objects. Moreover, infrared thermometers are not accurate enough for determining the area of detection. These are some of the restraints which have been impeding the growth in the global infrared sensors market.
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In the present market scenario, a majority of the producers of electronic devices have been moving towards installing internet of things (IoT) in their product offerings. With help from infrared sensors, effectiveness of this technology gets enhanced with respect to wireless connectivity and data storing capacity. These sensors detect and measure changes in position, temperature, and light which are of paramount importance for turning an object into an information generator. Hence, the rising demand for batteries, information storage capacity and wireless communication have positively affected the development of the global Infrared Sensors market. Therefore integrating infrared smart phone cores is expected to generate heavy growth in the future for this market.
Global Infrared Sensors Market: Segmentation
The global Infrared Sensors market is segmented on the basis of working mechanism, detection, functionality, end use and geography. Based on the working mechanism, the market is segmented into passive and active. The passive sensors segment constituted the highest market share in 2015.On the basis of the type of detection by the infrared sensors, the global market is segmented into uncooled and cooled. The market is also segmented by functionality into thermal and quantum sensors. Based on the type of end use, the market is segmented into consumer electronics, aerospace and defense, oil and gas, chemical, mining, pharmaceuticals, and others.
Apart from this, the decline in the retail prices of these sensors is also estimated to bolster the demand for infrared sensors remarkably over the next few years. The rising trend of automation across end users, such as the semiconductor and electronics, aerospace and defense, and the medical and healthcare industries is another important factor that is expected to boost the growth of the infrared sensor market, globally, in the years to come. The market, however, may be restricted to some extent in the future by the high manufacturing cost and stringent government rules and regulations.
Request Sample: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15056
The global market for infrared sensors stood at US$238.8 mn in 2015. Rising at a healthy CAGR of 12.80% from 2015 to 2024, the opportunity in this market is likely to touch US$692.8 mn by the end of 2024.
Infrared sensors are devices emitting, detecting, and receiving infrared waves as heat and infrared radiation. However, there are only a few among these sensors which are capable of only receiving the waves. Most of the infrared detectors are coated with either Fresnel lenses or parabolic mirrors for receiving infrared waves from an entire area. As these waves reach the sensor, it generates a voltage in different waves that is used for triggering alarm or activating some other system. Infrared sensors are used to detect motion and measure heat as well. When objects pass within the wavelength of these sensors, the light waves detect those objects and reflect them back to the sensors. Hence, these sensors help in the motion detection of objects. They have wavelengths less than that of microwaves but longer in comparison with visible light. Thus they cover the intermediate region between the two. Besides, infrared sensors can detect all objects with temperature more than zero, in turn retaining thermal energy. These sensors are able to sense the difference between white and black surfaces, as white reflects light, while absorbs light.
Low power consumption, flexible applications and relatively less production price are the factors that have been driving the growth in the global infrared sensors market. In addition, wavelengths of infrared detectors cover large distances, which boost the scope of applications. However, in case of infrared sensors, applications are restricted as they lack the ability to differentiate between irradiate objects. Moreover, infrared thermometers are not accurate enough for determining the area of detection. These are some of the restraints which have been impeding the growth in the global infrared sensors market.
Report Link: http://www.transparencymarketresearch.com/infrared-sensors-market.html
In the present market scenario, a majority of the producers of electronic devices have been moving towards installing internet of things (IoT) in their product offerings. With help from infrared sensors, effectiveness of this technology gets enhanced with respect to wireless connectivity and data storing capacity. These sensors detect and measure changes in position, temperature, and light which are of paramount importance for turning an object into an information generator. Hence, the rising demand for batteries, information storage capacity and wireless communication have positively affected the development of the global Infrared Sensors market. Therefore integrating infrared smart phone cores is expected to generate heavy growth in the future for this market.
Global Infrared Sensors Market: Segmentation
The global Infrared Sensors market is segmented on the basis of working mechanism, detection, functionality, end use and geography. Based on the working mechanism, the market is segmented into passive and active. The passive sensors segment constituted the highest market share in 2015.On the basis of the type of detection by the infrared sensors, the global market is segmented into uncooled and cooled. The market is also segmented by functionality into thermal and quantum sensors. Based on the type of end use, the market is segmented into consumer electronics, aerospace and defense, oil and gas, chemical, mining, pharmaceuticals, and others.