Infrared Sensor Market

Executive Summary

Infrared Sensor Market was valued at US $476.86 million in 2021 and is projected to grow at 6.92% CAGR over the forecast period to reach US $712.39 million by 2027. Infrared Sensor Market represented US $59.72 million opportunity over 2019-2021 and estimated to create US $235.53 million opportunity in 2027 over 2021.

Infrared Sensor from Consainsights analyses the Infrared Sensor Market in the Technology & Media industry over the forecast period to 2027.

Infrared Sensor research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Infrared Sensor segmentation includes Type, End User Industry and Geography.

Based on the Type, the Infrared Sensor analysis covers Near Infrared (NIR), Infrared, Far Infrared (FIR).

In Type segment, Near Infrared (NIR) segment has highest cagr growth of 6.13%.

Based on the End User Industry, the Infrared Sensor analysis covers Healthcare, Aerospace and Defense, Automotive, Commercial Applications, Manufacturing, Oil and Gas, Other End User Industries.

In End User Industry segment, Healthcare segment has highest cagr growth of 6.13%.

Based on the region, the Infrared Sensor analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Murata Manufacturing Co. Ltd, FLIR Systems, Inc., Excelitas Technologies Corp, Melexis NV, Heimann Systems GmbH & Co KG, Nicera European Works Ltd, Austria Micro Systems (AMS) AG, Amphenol Advanced Sensors, Satec Co., Ltd., Advanced Energy Industries, Inc. ., Yokogawa Electric Corporation, Sick AG, Austria Micro Systems (AMS), Honeywell International Inc. and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type

Introduction

In 2021, Near Infrared (NIR) segment has the highest revenue of US $291.28 million and is expected to grow at CAGR of 6.13% by 2027 Near Infrared (NIR) segment has highest cagr growth of 6.13%.

Near Infrared (NIR)

Near Infrared (NIR) segment was valued at US $254.80 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $435.15 million by 2027. Near Infrared (NIR) segment represented US $36.48 million opportunity over 2019-2021 and estimated to create US $143.87 million opportunity in 2027 over 2021.

Infrared

Infrared segment was valued at US $98.93 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $168.95 million by 2027. Infrared segment represented US $14.16 million opportunity over 2019-2021 and estimated to create US $55.86 million opportunity in 2027 over 2021.

Far Infrared (FIR)

Far Infrared (FIR) segment was valued at US $63.41 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $108.29 million by 2027. Far Infrared (FIR) segment represented US $9.08 million opportunity over 2019-2021 and estimated to create US $35.80 million opportunity in 2027 over 2021.

End User Industry

Introduction

In 2021, Healthcare segment has the highest revenue of US $184.19 million and is expected to grow at CAGR of 6.13% by 2027 Healthcare segment has highest cagr growth of 6.13%.

Healthcare

Healthcare segment was valued at US $161.12 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $275.17 million by 2027. Healthcare segment represented US $23.07 million opportunity over 2019-2021 and estimated to create US $90.98 million opportunity in 2027 over 2021.

Aerospace and Defense

Aerospace and Defense segment was valued at US $110.23 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $188.25 million by 2027. Aerospace and Defense segment represented US $15.78 million opportunity over 2019-2021 and estimated to create US $62.24 million opportunity in 2027 over 2021.

Automotive

Automotive segment was valued at US $64.96 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $110.95 million by 2027. Automotive segment represented US $9.30 million opportunity over 2019-2021 and estimated to create US $36.68 million opportunity in 2027 over 2021.

Commercial Applications

Commercial Applications segment was valued at US $38.13 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $65.12 million by 2027. Commercial Applications segment represented US $5.46 million opportunity over 2019-2021 and estimated to create US $21.53 million opportunity in 2027 over 2021.

Manufacturing

Manufacturing segment was valued at US $25.57 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $43.67 million by 2027. Manufacturing segment represented US $3.66 million opportunity over 2019-2021 and estimated to create US $14.44 million opportunity in 2027 over 2021.

Oil and Gas

Oil and Gas segment was valued at US $14.88 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $25.41 million by 2027. Oil and Gas segment represented US $2.13 million opportunity over 2019-2021 and estimated to create US $8.40 million opportunity in 2027 over 2021.

Other End User Industries

Other End User Industries segment was valued at US $2.25 million in 2019 and is projected to grow at 6.13% CAGR over the forecast period to reach US $3.85 million by 2027. Other End User Industries segment represented US $0.32 million opportunity over 2019-2021 and estimated to create US $1.27 million opportunity in 2027 over 2021.