The Infrared Sensor Market is poised for substantial growth between 2024 and 2031, as highlighted in a recent report by Kings Research. Infrared sensors, which detect infrared radiation emitted by objects, have become increasingly crucial in industries such as automotive, healthcare, and security. With rapid advancements in technology and expanding applications, the market is projected to expand significantly during the forecast period.
The global Infrared Sensor Market was valued at USD 607.8 million in 2023 and is expected to grow to USD 671.8 million in 2024, reaching USD 1,503.7 million by 2031, with a CAGR of 12.20% during the forecast period. This growth is driven by the increasing demand from industries to improve their monitoring and measurement capabilities.
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Market Overview
In 2023, the global infrared sensor market was valued at USD XX billion, and it is anticipated to grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031. Infrared sensors are widely used in thermal imaging, motion detection, temperature measurement, and various consumer electronics, driving their increased demand.
Key Growth Factors
The growing adoption of autonomous vehicles is driving the expansion of the infrared sensor market. As the automotive industry advances toward higher levels of autonomy, companies are increasingly utilizing advanced infrared sensors for essential functions like night vision, object detection, and pedestrian recognition.
These sensors improve vehicle safety and performance by delivering reliable detection and imaging in low-light environments. As a result, the rising reliance on infrared technology is fueling significant market growth, with manufacturers continuously integrating these sensors to meet the evolving safety and performance requirements of autonomous vehicles.
Browse Full Market Report: https://www.kingsresearch.com/infrared-sensor-market-1021
Key Companies in the Infrared Sensor Market
The infrared sensor market is highly competitive, with leading companies focusing on product innovation and strategic partnerships. Some of the key players driving the market include:
- FLIR Systems, Inc.
- Hamamatsu Photonics K.K.
- Murata Manufacturing Co., Ltd.
- Texas Instruments Incorporated
- RTX
- Honeywell International Inc.
- Omron Automation
- Teledyne Technologies Incorporated
- Excelitas Technologies Corp.
- Lynred
The global infrared sensor market is segmented as:
By Type
- Near Infrared
- Infrared
- Far Infrared
By Working Mechanism
- Active
- Passive
By Application
- Motion Sensing
- Temperature Measurement
- Security and Surveillance
- Gas and Fire Detection
- Spectroscopy
- Others
By End Use
- Healthcare
- Aerospace and Defense
- Automotive
- Commercial Applications
- Oil and Gas
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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