Infrared Sensor Market Growth Trends, Key Players, Strategies by 2031

Posted by Akshay Solanki on April 22nd, 2022

The Infrared Sensor Market is expected to reach .6bn by 2031 growing at a CAGR of 6.2% between 2021-2031.

An infrared sensor is an electronic equipment that emits and/or detects infrared radiation to sense particular features of its surroundings. Infrared sensors can also detect motion as well as measure the heat radiated by an object. Sensors that detect and emit light in the infrared region are known as infrared sensors. A light-emitting source, optical components, and a detector are the three main components of infrared sensors. The accuracy and lower power consumption of infrared sensors has prompted various end-user industries to implement them.

Infrared sensor use has risen in recent years due to rising demand for consumer electronics and electronic appliances. Night vision systems, temperature control devices, climate management, gaming devices, cell phones, monitors are among the most common application areas of infrared sensors. One of the most significant disadvantages of infrared sensors is that their performance is harmed by solid objects such as dust. The industry’s progressing developments, on the other hand, are likely to solve the infrared sensor industry’s current obstacles.

Infrared sensor devices are stable and repeatable, and the precision of the IR sensor is not affected by corrosion or oxidation, raising the product quality standards. Infrared sensors market share is expected to expand steadily in the coming years, thanks to extensive innovation in wireless technology and the incorporation of Augmented Reality for real-time motion detection of people and objects.

COVID 19 IMPACT ANALYSIS:

COVID-19 has posed a significant challenge to national resources and the struggle to adapt to existing technologies while also deploying new, innovative ones. The production of electronic components was temporarily halted in reaction to the worldwide shutdown scenario, impacting the overall supply chain. Infrared sensors in thermal imaging, on the other hand, are in the spotlight because they are used to identify probable COVID-19 patients by detecting temperature differences in their bodies.

The epidemic has also increased the chance for new technology to enter the business. Thermal imaging screening systems, often known as FLIR systems, that use IR sensors to detect people with greater body temperatures at a faster rate have been used in numerous nations. These gadgets were also used in the airports to rapidly screen passengers with elevated body temperatures.

Key Trends and Drivers:

• Infrared sensors can be used in a wide range of end-use applications. Infrared gas analysis systems, flame detection, temperature management systems, and pressure control systems are just a few of the key end-user applications. Broad usage in multiple industries is one of key drivers of infrared sensors market.
• Several advancements in the sector have reduced the size and power consumption of infrared sensors, which is fueling the industry’s overall growth.
• Rising demand for security devices facilitating thermal imaging to spot target or terror activities especially during night time, as well as increased adoption of autonomous vehicles integrated with IR sensors for use of night vision system among others, is another major factor driving infrared sensors market growth.
• New infrared sensors are transforming AR glasses, phone cameras, and self-driving cars by allowing them to see through smoke or fog, lowering the cost of autonomous vehicles.

Restraints and Challenges:

• Infrared frequencies are affected by hard objects such as walls and doors, as well as smoke, dust, fog, sunlight etc. Hence these are mostly effective for short range use that are in line-of-sight and their performance degrades over longer range.
• Infrared sensors are more expensive than other detectors because they require more semiconductor components to achieve higher sensitivity. Cooling processes also raise the total cost of the product.
• Natural processes and excessive air turbulence may have an impact on their performance. For more accurate readings, the environment must be dust-free and low in humidity. Infrared sensors collect infrared images that support object temperature fluctuations, but they are unable to distinguish between objects with identical temperature ranges. This leads to inaccuracy in a variety of situations.
• Infrared sensors are also subject to various import and export regulations and licensing requirements owing to their potential use in military applications. This leads to hindrance in overall growth of the market.

Market Segments:

By Spectrum Range

• Short-wave Infrared (SWIR)
• Mid-wave Infrared (MWIR)
• Long-wave Infrared (LWIR)

By Application:

• Aerospace
• Defense
• Industrial
• Medical
• Automotive
• Security
• Consumer electronics

By Technology:

• Thermal detectorThermopile
• Microbolometer
• Pyroelectric
• PhotodetectorIndium Gallium Arsenide
• Mercury Cadmium Telluride

Key Players:

• Murata Manufacturing Inc.
• FLIR Systems
• Omron Corp.
• Texas Instruments
• Infrared Integrated Systems Ltd.
• Melexis NV
• Austria Micro Systems [AMS] AG
• Teledyne
• Honeywell International Inc.
• Intratec GmbH

Read More Interesting fact about this Insights: https://www.globalinsightservices.com/reports/infrared-sensor-market/