Global Infrared Sensor Market: Growth, Trends and Forecast 2018-2023 - Growing Demand for Home Automation Products & Smart Devices - ResearchAndMarkets.com

January 15, 2019

DUBLIN--(BUSINESS WIRE)--Jan 15, 2019--The “Global Infrared Sensor Market - Segmented, by Spectrum Range (Long Wave, Short Wave), Functionalities (Thermal and Quantum), Working Mechanism (Active and Passive), End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

Infrared Sensor (IR) market is expected to register a CAGR of over 12.5% during the forecast period (2018-2023).

The scope of the report is limited to spectrum range of infrared sensor, its functionalities, working mechanism, and various end-user industries. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

The infrared sensor is an electronic device used to sense specific characteristics of its surroundings by either emitting or detecting infrared radiation. With the advancements in technology, infrared sensors have become light in weight, and have also become more affordable.

In addition to this, the power consumption in such sensors is too low, and these factors are contributing in infrared sensors gaining traction, in a variety of applications ranging from the military to IoT applications.

The decline in IR sensor prices is also affecting the growth of the market. Lower prices are increasing its adoption in consumer electronic equipment and communication devices.

Advancements in packaging technology, such as micro-electro-mechanical systems (MEMSs) and 3D integrated circuits, have helped the industry reduce the size, power consumption, and cost of sensors. However, issues related to huge manufacturing costs are estimated to challenge the growth of the market.

Key Highlights

Growing Demand for Home Automation Products & Smart Devices Asia-Pacific to be the Fastest Growing Market

Developments in the Market

Xiaomi integrated a low-power IR vertical cavity surface-emitting laser (VCSEL) array from Austrian high-performance sensor maker ams AG in its new flagship smartphone for user facial recognition. Teledyne Technologies entered into partnership with NASA for USD 23 million to build infrared sensors for NASA’s Wide Field Infrared Survey Telescope (WFIRST), which may help in searching exoplanets.

Companies Profiled

Wuhan Guide Infrared Co. Ltd. Nippon Avionics Co. Ltd L-3 Technologies Inc. Infrared Integrated Systems Ltd. General Dynamics Corporation FLIR Systems Inc. Teledyne Technologies Inc. Murata Manufacturing Co. Ltd. Fluke Corporation DRS Technologies Inc Axis communications AB Zhejiang Dali Technology Co. Ltd. E.D. Bullard Company Inc. Bosch Security Systems Inc. (Robert Bosch GmbH)

Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Infrared Sensor Market Insights

5. Infrared Sensor Market Dynamics

6. Global Infrared Sensor Market Segmentation

7. Competitive Intelligence - Company Profiles

8. Investment Analysis

9. Future of Global Infrared Sensor Market

For more information about this report visit https://www.researchandmarkets.com/research/fwnhb3/global_infrared?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190115005543/en/

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SOURCE: Research and Markets

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PUB: 01/15/2019 09:45 AM/DISC: 01/15/2019 09:45 AM


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