Infrared Sensor Market Size & Share 2021 | Opportunities by Regions, Emerging Downstream Market Analysis, Technological and Market Developments, Opportunities, Future Demands, and 2030

In a recent published report, Kenneth Research has updated the market report for Infrared Sensor Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.

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Global Infrared Sensor Market is forecasted to reach $692 million by 2024; growing at a CAGR of 11.7% from 2016 to 2024. Infrared sensor is an electronic device which uses light sensor to detect certain aspects from its surroundings by either transmitting or detecting infrared radiations. They are widely used in a range of applications and new applications are continuously emerging. For instance, in October 2016, Tiffen has introduced its exclusive line of IR ND and IR 85ND series filters, using Tiffen’s exclusive ColorCore filter technology. Infrared sensors are now highly used in the field of agriculture, medicine, science, communications, remote sensing from space and among others. Infrared sensors can be classified into thermal and quantum. Photo sensitivity, wavelength region, response speed, active area, and among others are the factors those have to be checked before selecting an infrared detector for further use in any application.

Increasing use of infrared sensors in military as well as civil applications are the factors fuelling the growth of the infrared sensor market. Moreover, rising disposable income, ever increasing demand for smartphones & tablets and increasing popularity of computerization in residential and industrial sector also support the growth of the market. However, high cost in manufacturing and strict rules and regulations by government may limit the growth of the market. Furthermore, consumer electronics, healthcare and defence sector would provide growth opportunity in the upcoming years.

The infrared sensor market has been segmented based on the detection, working mechanism, functionality, end-user and geography. By detection, it is segmented into cooled IR sensor and uncooled IR sensor. By working mechanism, it is further segmented into active IR sensor and passive IR sensor. Furthermore, functionality is segmented into quantum infrared sensor and thermal infrared sensor. End-users can be segmented into chemicals, pharmaceuticals, consumer electronics, oil & gas, aerospace & defence, mining, and others.

By geography the market is categorized into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers U.K., Germany, France, Italy and others. Asia-Pacific covers China, Japan, India and others. Rest of the world (RoW) covers South America, Middle East and Africa.

Key market players include Honeywell International Inc., Murata Manufacturing Co., Ltd, Hamamatsu Photonics, Texas Instruments Inc., Nippon Avionics, Raytheon Company, Excelitas Technologies Corp., Nippon Ceramic Co. Ltd, Sofradir and Monron Corporation, among others.

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The key takeaways from the report:
The report will provide detailed analysis of Infrared Sensor Market with respect to major segments such as detection, working mechanism, functionality and end-user. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities is included in the report. An exhaustive regional analysis of Infrared Sensor Market will be provided in the report

Profile of the key players in the Infrared Sensor Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Infrared Sensor Market
Detection Segments
Cooled IR Sensor
Uncooled IR Sensor

Working Mechanism Segments
Active IR Sensor
Passive IR Sensor
Functionality Segments
Quantum Infrared Sensor
Thermal Infrared Sensor
End-User Segments
Consumer Electronics
Oil & Gas
Aerospace & Defence

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Geography Segments
North America
South America
Middle East

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