Global Infrared Sensor Market Report, published by Variant Market Research, forecast that the global market is expected to reach $692 Million by 2024 from $286 Million in 2016, growing at a CAGR of 11.7% from 2016 to 2024.

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Infrared sensor is an electronic instrument which is used to sense features of its surroundings by detecting or transmitting infrared radiations. They are used in many applications and new applications are continuously evolving. Infrared sensors have usage in wide range of applications in the field of communications, medicine, agriculture, remote sensing from space, and science, among others.

Growing use of infrared sensors in civil as well as military applications to drive the growth of Global Infrared Sensor Market

The factors supporting growth of the market are growing disposable income which led to rise in demand for smartphones and tablets, growing use of infrared sensors in civil as well as military applications, rising computerization of industrial and building sector. Though, huge cost in manufacturing and strict government rules & regulations may hamper the market growth. Additionally, smartphone, consumer electronics, defense, and healthcare sector would provide numerous growth opportunities for the market in the future.

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Market Segmentation

Detection, working mechanism, functionality, end-user and geography are the major segments of global infrared sensor market. The detection segment is further bifurcated as uncooled IR sensor and cooled IR sensor. Working mechanism segment includes passive IR sensor and active IR sensor. Furthermore, functionality is bifurcated into thermal infrared sensor and quantum infrared sensor. By end-user, the global infrared sensors market is segmented into aerospace & defense consumer electronics, chemicals, mining, oil & gas, pharmaceuticals and others. Based on geography, the global infrared sensors market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

Uncooled IR sensor accounted for the largest market share in the detection segment

In the detection segment, uncooled IR sensor held the major market share in the year 2016, due to growing responsiveness of IR detector in manufacturing and industrial applications, and increasing demand of adoption of uncooled infrared technology.

Passive IR sensor accounted for the largest market share in the working mechanism segment

By working mechanism type, passive IR sensor and active IR sensor accounted for majority of the market share in 2016. The market for passive IR sensor is majorly driven by its extensive usage in PIR-based motion detectors.
Asia-Pacific is anticipated to grow at a fastest CAGR over the forecast period
Asia-Pacific is expected to attain the fastest CAGR of 12.1% and is projected to continue the trend during the forecast period 2016-2024, driven by growing adoption of smartphone and smart TVs and growing development in industrial and home computerization. North America held the major share of the market followed by Asia Pacific in 2016.

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Competitive Landscape

The major players operating in the market are Nippon Avionics, Honeywell International Inc., Hamamatsu Photonics, Murata Manufacturing Co., Ltd, Excelitas Technologies Corp., Raytheon Company, Nippon Ceramic Co. Ltd, Texas Instruments Inc., Omron Corporation, Sofradir, and Nippon Ceramic Co. Ltd, among others.

Scope of Infrared Sensor Market

Working Mechanism Segments
• Passive IR Sensor
• Active IR Sensor

Detection Segments
• Uncooled IR Sensor
• Cooled IR Sensor.

Functionality Segments
• Thermal Infrared Sensor
• Quantum Infrared Sensor

End-User Segments
• Consumer Electronics
• Chemicals
• Aerospace & Defense
• Oil & Gas
• Mining
• Pharmaceuticals
• Others

Geography Segments
• North America
o US
o Canada
o Mexico

• Europe
o U.K.
o Germany
o France
o Italy
o Others

• Asia-Pacific
o China
o Japan
o India
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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