Summary

Infrared Sensor Market Size, Share, and Analysis, By Type (Thermal Infrared Sensors, Quantum Infrared Sensors), By Spectrum Range (Short-wave Infrared (SWIR), Mid-wave Infrared (MWIR), Long-wave Infrared (LWIR), and Others), By Working Mechanism (Active, Passive), By End-User Industry (Healthcare, Aerospace and Defense, Automotive, Commercial Applications, Manufacturing, Oil and Gas, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Infrared Sensor Market is projected to grow at a CAGR of 10.2% in the forecast period (2024-2034), with the market size valued at USD 0.9 billion in 2023 and expected to reach USD 2.1 billion by 2034.
Infrared sensors are advanced devices designed to detect infrared radiation emitted by various objects. These sensors are used in multiple applications due to their ability to capture heat and convert it into electrical signals. They find applications in security systems, motion detectors, temperature measurement tools, and industrial machinery for proximity sensing and object detection. Infrared sensors offer distinct functionalities based on their variants, such as passive infrared (PIR), active infrared (AIR), and thermal infrared sensors. Thermal infrared sensors precisely measure temperature variations, AIR sensors measure distance, and PIR sensors are used to detect motion. Additionally, infrared sensors are known for their non-contact nature and precision, playing critical roles across industries, which contributes to the development of efficient, reliable, and responsive systems.

MARKET HIGHLIGHTS
The Infrared Sensor Market is projected to grow at a CAGR of 10.2% during the forecast period (2024-2034), reaching USD 2.1 billion by 2034. This growth is fueled by increasing demand across industries like security systems, automotive technologies, healthcare, and consumer electronics. Technological advancements and cost-efficiency drive market expansion, with the automotive industry playing a significant role in incorporating infrared sensors into driver assistance systems and autonomous vehicles.

Infrared Sensor Market Segments:
• By Type
o Thermal Infrared Sensors
o Quantum Infrared Sensors
• By Spectrum Range
o Short-wave Infrared (SWIR)
o Mid-wave Infrared (MWIR)
o Long-wave Infrared (LWIR)
o Others
• By Working Mechanism
o Active
o Passive
• By End-Users Industry
o Healthcare
o Aerospace and Defense
o Automotive
o Commercial Applications
o Manufacturing
o Oil and Gas
o Others


MARKET DYNAMICS
Growth Drivers
Technological Advancements in Infrared Sensors Market Will Drive Market Growth
Expanding Uses for Infrared Sensors Across Diverse Industries Will Promote Market Growth
Restraint
Expansion Financial Barriers to Adoption Due to High Initial Investment Costs

Key Players
• Honeywell International Inc.
• FLIR Systems, Inc.
• Texas Instruments Incorporated
• Excelitas Technologies Corp.
• Murata Manufacturing Co., Ltd.
• Omron Corporation
• Raytheon Technologies Corporation
• Teledyne Technologies Incorporated
• InfraTec GmbH
• Hamamatsu Photonics K.K.
• Melexis NV
• ams AG
• Leonardo DRS
• Sofradir Group
• ULIS
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Infrared Sensor Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Infrared Sensor Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Infrared Sensor Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Infrared Sensor Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Infrared Sensor Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1. Thermal Infrared Sensors
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Quantum Infrared Sensors
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Spectrum Range
11.3.2.1.Short-wave Infrared
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Mid-wave Infrared
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Long-wave Infrared
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Others
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Working Mechanism
11.3.3.1.Active
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Passive
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By End-Users Industry
11.3.4.1.Healthcare
11.3.4.1.1. By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Aerospace and Defense
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Automotive
11.3.4.3.1.By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.4.Commercial Application
11.3.4.4.1.By Value (USD Million) 2024-2034F
11.3.4.4.2. Market Share (%) 2024-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.5. Manufacturing
11.3.4.5.1.By Value (USD Million) 2024-2034F
11.3.4.5.2. Market Share (%) 2024-2034F
11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.6. Oil & Gas
11.3.4.6.1.By Value (USD Million) 2024-2034F
11.3.4.6.2. Market Share (%) 2024-2034F
11.3.4.6.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.7. Others
11.3.4.7.1.By Value (USD Million) 2024-2034F
11.3.4.7.2. Market Share (%) 2024-2034F
11.3.4.7.3. Y-o-Y Growth (%) 2024-2034F
12.North America Infrared Sensor Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Spectrum Range
12.3.3. By Working Mechanism
12.3.4. By End-Users Industry
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Infrared Sensor Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.2.1.By Type
13.2.2. By Spectrum Range
13.2.3. By Working Mechanism
13.2.4. By End-Users Industry
13.3. Country
13.3.1.Germany
13.3.2. United Kingdom
13.3.3. France
13.3.4. Italy
13.3.5. Spain
13.3.6. Russia
13.3.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Infrared Sensor Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Spectrum Range
14.3.3. By Working Mechanism
14.3.4. By End-Users Industry
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Infrared Sensor Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Spectrum Range
15.3.3. By Working Mechanism
15.3.4. By End-Users Industry
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Infrared Sensor Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Spectrum Range
16.3.3. By Working Mechanism
16.3.4. By End-Users Industry
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Honeywell International Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.FLIR Systems, Inc.
18.3.Texas Instruments Incorporated
18.4.Excelitas Technologies Corp.
18.5.Murata Manufacturing Co., Ltd.
18.6.Omron Corporation
18.7.Raytheon Technologies Corporation
18.8.Teledyne Technologies Incorporated
18.9.InfraTec GmbH
18.10.Hamamatsu Photonics K.K.
18.11. Melexis NV
18.12.ams AG
18.13.Leonardo DRS
18.14.Sofradir Group
18.15.ULIS
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation