Latest News- Infrared Sensors Market: Commercial is expected to lead the Application segment during 2024-2028

The Infrared Sensors Market is being driven by Increasing number of burglaries

The Infrared Sensors Market is expected to grow at a CAGR of 9.45% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 284.3 million. In the home security market, the integration of advanced technologies in smart doorbells is a significant trend. Nighttime burglaries pose a challenge, necessitating solutions that function effectively in low-light conditions. Leading manufacturers, such as Ring, have responded by incorporating infrared night vision and motion sensor technology into their offerings, like the Video Doorbell Elite. These features enable uninterrupted surveillance and timely alerts, enhancing overall security solutions. 

Get more information on Infrared Sensors Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Commercial
  • Healthcare
  • Automotive
  • Others
• Technology
  • Pyroelectric
  • Thermopile
  • Microbolometers
  • InGaAs
  • MCT
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing number of burglaries
• Increased adoption of infrared sensors in drone application
• Development of smart cities

However, the market also witnesses some limitations, which are as follows:

• Impact of environmental conditions on infrared sensors
• Cyclical nature of semiconductor industry
• Accuracy and calibration issues during sensor fusion

Benefits of Buying Global Infrared Sensors Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Infrared Sensors Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Infrared (IR) sensors market encompasses a range of optoelectronic devices, including IR switching devices and IR photodetectors. These sensors play a crucial role in various industries, such as biomedical engineering and automotive. In the biomedical sector, IR sensors are employed in thermal vision systems and NIR light sources for applications like drug detection and temperature data analysis using thermopiles, microbolometers, and IR sensors. In the automotive industry, IR sensors are integrated into ADAS systems, autonomous vehicles, and child presence detection systems in European New Cars. IR sensors also find application in security and surveillance systems, such as pyroelectric infrared sensors for night vision and vehicle obstacle detection using LIDAR technology. The Delhi government has implemented video surveillance projects utilizing CCTV cameras, further expanding the market scope for IR sensors. Key players in this market include Ruhr-University Bochum and Sick AG.

Market Research Overview

The Infrared Sensors Market is a segment of the broader Global Electronic Components Market, which encompasses manufacturers of communications equipment, technology hardware, electronic equipment and instruments, and various electronic components. Technavio's market analysis includes the Electronic Components segment, specifically manufacturers of connectors, capacitors and resistors, transformers, inductors, printed circuit boards, and lighting products. The Global Electronic Components Market is projected to expand at a moderate rate, with market size determined by the revenue generated from sales of associated ICT and electronics products, equipment, and components.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/