Infrared Sensor Market Size, Share, Industry Trends and Forecast to 2033
This report presents an in-depth analysis of the infrared sensor market from 2023 to 2033, offering key insights, market size projections, trends, and competitive analysis within the industry.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $7.30 Billion |
| CAGR (2023-2033) | 7.2% |
| 2033 Market Size | $14.92 Billion |
| Top Companies | FLIR Systems, Inc., Raytheon Technologies Corporation, Honeywell International Inc., Texas Instruments Incorporated |
| Last Modified Date | 15 Nov 2024 |
Infrared Sensor Market Report (2023 - 2033)
Infrared Sensor Market Overview
What is the Market Size & CAGR of Infrared Sensor market in 2023?
Infrared Sensor Industry Analysis
Infrared Sensor Market Segmentation and Scope
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Infrared Sensor Market Analysis Report by Region
Europe Infrared Sensor Market Report:
Europe’s infrared sensor market is currently valued at $2.30 billion and is expected to grow to $4.71 billion by 2033, driven by stringent safety regulations in the automotive sector and advancements in medical technology.Asia Pacific Infrared Sensor Market Report:
The Asia Pacific region, with a market size of $1.36 billion in 2023, is projected to grow to $2.79 billion by 2033. The growth is fueled by rapid industrialization, increased adoption of automation in manufacturing, and a booming automotive industry.North America Infrared Sensor Market Report:
North America leads the market, valued at $2.54 billion in 2023 and projected to expand to $5.19 billion by 2033. Key drivers include extensive use in automotive safety features and healthcare applications.South America Infrared Sensor Market Report:
In South America, the infrared sensor market is relatively smaller, with a size of $0.38 billion in 2023, anticipated to reach $0.77 billion by 2033. The market growth is aided by rising investments in infrastructure and smart city projects.Middle East & Africa Infrared Sensor Market Report:
The market in the Middle East and Africa is projected to grow from $0.72 billion in 2023 to $1.47 billion by 2033. Growth is underpinned by the increase in security systems and renewable energy projects.Request a custom research report for industry.
Infrared Sensor Market Analysis By Product
Global Infrared Sensor Market, By Product Type Market Analysis (2023 - 2033)
In 2023, thermal sensors dominate the market with a size of $4.39 billion, showing substantial growth to $8.96 billion by 2033. Photonic sensors hold a significant share too, growing from $1.77 billion in 2023 to $3.61 billion by 2033. Pyroelectric sensors, which are crucial for motion detection, also undergo robust growth, projected at $3.86 billion in 2023 and doubling by 2033.
Infrared Sensor Market Analysis By Application
Global Infrared Sensor Market, By Application Market Analysis (2023 - 2033)
By application, the automotive industry commands a major share, reaching $3.38 billion in 2023 and expected to grow to $6.91 billion by 2033, driven by autonomous vehicle development. The healthcare sector’s reliance on infrared technology will also scale up from $0.91 billion to $1.87 billion, showcasing its importance in diagnostics and treatment.
Infrared Sensor Market Analysis By End User
Global Infrared Sensor Market, By End-User Sector Market Analysis (2023 - 2033)
The end-user segment demonstrates the automotive segment representing approximately 46.31% of the market share in 2023. Consumer electronics and healthcare, accounting for 20.35% and 12.53% respectively, show significant growth potential as manufacturers integrate these sensors into new products.
Infrared Sensor Market Analysis By Technology
Global Infrared Sensor Market, By Technology Type Market Analysis (2023 - 2033)
The technology segment highlights MEMS infrared sensors growing significantly, expected to reach $2.09 billion by 2033 from $1.02 billion in 2023. This segment reflects the miniaturization and cost reduction in producing high-performance sensors.
Infrared Sensor Market Analysis By Distribution Channel
Global Infrared Sensor Market, By Distribution Channel Market Analysis (2023 - 2033)
Distribution channels reveal direct sales dominating with 60.07% market share in 2023. E-commerce is also emerging as a strong channel, indicating a shift towards online procurement, expected to expand from $1.15 billion to $2.35 billion in a decade.
Infrared Sensor Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Infrared Sensor Industry
FLIR Systems, Inc.:
A key player in the infrared sensor market, FLIR provides thermal imaging systems, focusing on industrial, security, and automotive applications.Raytheon Technologies Corporation:
Known for its advanced infrared sensors, Raytheon serves various sectors, including defense and aerospace, enhancing surveillance and reconnaissance capabilities.Honeywell International Inc.:
Honeywell specializes in a range of sensor technologies, including infrared sensors for environmental monitoring and industrial applications.Texas Instruments Incorporated:
Texas Instruments leads in designing innovative infrared sensors primarily for automotive and consumer electronics markets, focusing on cost-efficient solutions.We're grateful to work with incredible clients.
