Infrared Sensors Market
The market for Infrared Sensors was estimated at $936 million in 2024; it is anticipated to increase to $1.97 billion by 2030, with projections indicating growth to around $3.66 billion by 2035.
Global Infrared Sensors Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Infrared Sensors industry revenue is expected to be around $1059.7 million in 2025 and expected to showcase growth with 13.2% CAGR between 2025 and 2034. They are becoming essential in today's tech driven world due, to their use and the vast possibilities they offer in different applications.
Infrared sensors function as a type of sensors that transform energy into an electrical signal to help machines perceive and interpret their surroundings better effectively. Known for their sensitivity levels, reliability and quick response times. These sensors play a crucial role in various recent technological advancements such as the IoT, drone technology and remote sensing leading to notable growth, in the market. market expansion
Market Key Insights
- The Infrared Sensors market is projected to grow from $936.1 million in 2024 to $3.23 billion in 2034. This represents a CAGR of 13.2%, reflecting rising demand across Motion Detection, Gas Leak Detection and Body Temperature Measurement.
- Honeywell International Inc, TE Connectivity Ltd, Texas Instruments Inc are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Infrared Sensors market and are expected to observe the growth CAGR of 11.9% to 15.8% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 9.2% to 13.9%.
- Transition like Rise of IoT and Smart Devices is expected to add $122 million to the Infrared Sensors market growth by 2030.
- The Infrared Sensors market is set to add $2.3 billion between 2024 and 2034, with manufacturer targeting Pyroelectric & Microbolometer Technology Type projected to gain a larger market share.
- With Increasing demand for consumer electronics, and Technological advancements in healthcare sector, Infrared Sensors market to expand 246% between 2024 and 2034.