Infrared Position Sensors Market
The market for Infrared Position Sensors was estimated at $1.5 billion in 2024; it is anticipated to increase to $2.7 billion by 2030, with projections indicating growth to around $4.2 billion by 2035.
Global Infrared Position Sensors Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Infrared Position Sensors industry revenue is expected to be around $1.7 billion in 2025 and expected to showcase growth with 9.6% CAGR between 2025 and 2034. The Infrared Position Sensors market shows strong growth because of multiple essential driving factors. The markets growth stems from rising automation needs across different industries and increasing aerospace and defense sector requirements for precise equipment and expanding IoT device adoption. The market experiences growth because of technological advancements in sensors and the increasing demand for infrared sensors in temperature monitoring applications.
Position sensors that use infrared radiation detect and measure object positions through infrared radiation. The sensors achieve high accuracy and reliability and robustness which makes them suitable for various applications. The sensors find extensive use in automation systems and robotics and consumer electronics and healthcare devices and other applications.
Market Key Insights
- The Infrared Position Sensors market is projected to grow from $1.5 billion in 2024 to $3.8 billion in 2034. This represents a CAGR of 9.6%, reflecting rising demand across Industrial Automation, Healthcare and Automotive.
- Honeywell International Inc., Panasonic Corporation, Texas Instruments Incorporated are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Infrared Position Sensors market and are expected to observe the growth CAGR of 7.0% to 10.1% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 9.2% to 12.0%.
- Transition like Integration of AI in Sensor Technology is expected to add $113 million to the Infrared Position Sensors market growth by 2030.
- The Infrared Position Sensors market is set to add $2.3 billion between 2024 and 2034, with manufacturer targeting Consumer Electronics & Aerospace & Defense Applications projected to gain a larger market share.
- With Increasing demand in automation industry, and Advancements in infrared technology, Infrared Position Sensors market to expand 150% between 2024 and 2034.