The global infrared sensors market size reached USD 582.8 million in 2022. Revenue generated by infrared sensors sales is likely to reach USD 623.6 million in 2023. Through 2033, demand is poised to soar at 6.1% CAGR. Sales are anticipated to transcend to USD 1.1 billion by 2033.
Infrared Sensors Market Application:
Environmental monitoring applications like forest fire detection and pollution control rely on thermal imaging. This creates a niche demand for infrared sensors as governments and organizations invest in environmental protection.
Infrared sensors are essential for detecting various gases and particulate matter in the air. They play a crucial role in air quality monitoring systems, helping to measure pollutants such as CO2, CO, and NO2. Industries are increasingly adopting environmental monitoring to comply with stringent regulations.
Infrared sensors monitor volatile organic compounds (VOCs) emissions, sulfur dioxide (SO2), and other pollutants. It will likely help several industries reduce their environmental footprint.
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Infrared sensors are employed in wildfire detection systems to spot the heat signatures of fires in their early stages. The demand for such sensors is rising with wildfires’ increasing frequency and severity.
In agriculture, infrared sensors are used for crop health monitoring, irrigation control, and pest detection. As sustainable farming practices gain importance, adopting these sensors is expected to increase.
Infrared sensors are utilized in building automation systems to optimize energy usage by monitoring occupancy and temperature. As energy efficiency becomes a priority, the demand for these sensors in smart buildings is growing. The demand for electronics such as smartphones with infrared sensors for facial recognition and augmented reality applications also contributes to market growth.
Infrared sensors are crucial for night vision cameras and security systems. These are increasingly used for environmental monitoring in public places and critical infrastructure. Infrared sensors are used in satellite-based remote sensing systems to gather environmental data on a global scale, contributing to climate studies and disaster monitoring.
Infrared sensors are integral to aircraft and military equipment for target detection and tracking tasks. As defense budgets continue to propel, so does the demand for advanced infrared sensor technology.
Infrared sensors are used in building automation systems to enhance energy efficiency by monitoring temperature variations. This is particularly relevant in sustainable building practices as new applications for thermal imaging emerge, such as in autonomous vehicles and augmented reality. The demand for infrared sensors is expected to expand further through 2033 due to a combination of the aforementioned factors.
Key Takeaways from the Infrared Sensors Market Report:
- The global infrared sensors market is expected to witness a CAGR of 6.1% between 2023 and 2033.
- Regarding technology, the pyroelectric division is expected to expand at a CAGR of 6.0% between 2023 and 2033.
- By end-use, the commercial segment is anticipated to exhibit a 5.9% CAGR through the projected period.
- The United Kingdom is expected to be worth USD 39.6 million by 2033.
- Japan will likely emerge as a significant country in the market, growing at a CAGR of 5.2% through 2033.
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Competitive Landscape:
Key manufacturers are offering customized solutions to meet specific industry requirements and applications. They also introduce effective marketing strategies to build brand recognition and customer trust. They are emphasizing eco-friendly manufacturing processes and sustainable product designs.
Leading Key Players:
- DRS Technologies, Inc.
- Excelitas Technologies Corporation
- FLIR Systems, Inc.
- General Dynamics Mission Systems, Inc.
- Hamamatsu Photonics KK
Recent developments in the Infrared Sensors Market:
- RADA Electronic Industries Ltd. is a multinational defense technology business specializing in proprietary radar and old-fashioned avionics systems. It collaborates with the RADA Electronic Industry and other USA-based companies in creating, producing, and marketing items intended for the aerospace and defense sectors.
- Excelitas Technologies is a technological leader in producing high-performance, market-driven photonic solutions to address clients’ lighting, optical, optronic, sensing, detection, and imaging demands worldwide.
More Insights into the Infrared Sensors Market Report:
In its latest report, Future Market Insights (FMI) offers an unbiased global infrared sensors market analysis, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033.
To understand the global market potential, growth, and scope, the market is segmented based on technology (pyroelectric, thermopile, microbolometers, InGasAs, and MCT), end use (commercial, healthcare, automotive, and others) across different regions.
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Infrared Sensors Market Segmentation:
By Technology:
- Pyroelectric
- Thermopile
- Microbolometers
- InGaAs
- MCT
By End-use:
- Commercial
- Healthcare
- Automotive
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and the Pacific
- Middle East and Africa
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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