The worldwide infrared emitter and receiver market is expected to reach $231 million by 2022. By the end of 2032, the overall market valuation will hit $480 million. Global infrared and emitter sales are expected to increase at a 7.6% CAGR from 2022 to 2032.
The healthcare industry will continue to be the primary market for infrared emitters and receivers. This is owing to the use of infrared transmitters and receivers in current medical instruments. The target category will grow at a 7.2% CAGR from 2022 to 2032.
The increasing use of infrared emitters and receivers in military systems, medical equipment, and mobile phones is a major element propelling the global market ahead. Similarly, the increasing adoption of infrared sensors will drive sales until 2032.
Infrared emitters and receivers have become commonly used devices for controlling modern electronic devices wirelessly. These products work together in a variety of applications, most notably for non-contact sensing and measurement of temperature, proximity, and other parameters.
Defense applications such as surveillance, targeting, and missile guidance systems frequently employ infrared emitters and receivers.
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To detect and amplify the infrared radiation emitted by objects in the environment, infrared emitters and receivers can also be used in night vision systems. Similarly, IR emitters and receivers find applications in missile guidance systems.
Hence, the growing usage of IR emitter & receivers in various military and defense systems coupled with high defense spending will boost the global market through 2032.
Rising applications in consumer electronics such as smartphones will elevate infrared emitter & receiver demand over the next ten years.
Infrared emitters and receivers are being incorporated into mobile phones for a number of uses. This includes proximity sensing, gesture recognition, and facial and hand gesture recognition. Further, they find applications in TV remotes and AC remotes.
Hence, the burgeoning demand for smartphones and other electronic devices globally will fuel IR emitter & receiver sales during the projection period.
Key Takeaways from the Infrared Emitter & Receiver Market Report:
- Global sales of infrared emitters & receivers will soar at 6% CAGR during the forecast period.
- By wavelength range, the low-wave infrared segment is set to expand at 4% CAGR through 2032.
- By end-user industry, the healthcare segment will exhibit a CAGR of 2% from 2022 to 2032.
- The United States infrared emitter & receiver market will exceed a valuation of US$ 150.5 million by 2032.
- Infrared emitter & receiver demand in China is forecast to increase at 6% CAGR through 2032.
- The South Korea infrared emitter & receiver industry will expand at 0% CAGR between 2022 and 2032.
- Japan’s infrared emitter & receiver market will reach US$ 34.7 million by the end of 2032.
“Increasing applications across thriving consumer electronics, healthcare, and defense sector will boost IR emitter & receiver sales through 2032. Smartphone technology is advancing at an accelerated rate, and increasingly offers features that require integration of IR emitters & receivers. Manufacturers would find it beneficial to look into innovations that offer detection of a wide range of motions, and find compatibility with smartphone technologies.”- says a Future Market Insights (FMI) analyst.
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Competitive Landscape
Leading manufacturers of infrared emitters & receivers include FLIR Systems, Wolfspeed, Inc., Honeywell International, Inc., Raytek Corporation, Texas Instruments Inc., Lite-On Technology Inc, Murata Manufacturing Co., Ltd, Rohm Co., Ltd, Osram Opto Semiconductors GmbH, and Vishay Intertechnology Inc.
These companies are committed to developing advanced products compatible with specific applications. They are also using strategies such as mergers, collaborations, acquisitions, partnerships, and agreements to gain a competitive edge in the market.
- In July 2019, FLIR Systems announced the acquisition of New England Optical Systems (NEOS). This acquisition will expand the company’s product offering to complex infrared optical assemblies which can be used in drones, combat vehicles, astronomy, and military applications.
More Insights Available
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the infrared emitter & receiver market presenting historical data (2017 to 2021) and forecast statistics for the period from 2022 to 2032.
The study reveals market dynamics in terms of wavelength range (near-infrared, short wave infrared (SWIR), mid-wave infrared (MWIR), long wave infrared (LWIR), and far infrared ), application (security & surveillance, imaging, hunting & wildlife observation, hidden object finding, condition monitoring & inspection, sensing, detection & measurement, paranormal research, and spectroscopy), and end-user industry (automotive, construction, transportation & logistics, chemical, aerospace, consumer electronics, military & defense, law enforcement, and healthcare) across various regions.
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Global Infrared Emitter and Receiver Market Segmentation
By Wavelength Range:
- Near Infrared
- Short-wave Infrared – SWIR
- Mid-wave Infrared – MWIR
- Long-wave Infrared – LWIR
- Far Infrared
By Application:
- Security and Surveillance
- Imaging
- Hunting and Wild Life observation
- Hidden Object Finding
- Condition Monitoring and Inspection
- Sensing, Detection, and Measurement
- Paranormal Research
- Spectroscopy
By End-User Industry:
- Automotive
- Construction
- Transportation and Logistics
- Chemical
- Aerospace
- Consumer Electronics
- Military & Defense
- Law Enforcement
- Healthcare
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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