Infrared Sensors Market
Infrared Sensors Market
The market for Infrared Sensors was estimated at $936.10 million in 2024; it is anticipated to increase to $1.97 billion by 2030, with projections indicating growth to around $3.66 billion by 2035.
Global Infrared Sensors Market Outlook
Revenue, 2024 (US$M)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
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 $333 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.
Opportunities in the Infrared Sensors
Cutting edge technologies, like AI and ML offer potential in the field of infrared sensors market by improving their ability to understand and react to data instantly for enhanced efficiency.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Increasing Demand for Consumer Electronics, and Rise in Autonomous Vehicles
Restraint: High Production Costs
Opportunity: Implementation in Smart Homes and Demand for Autonomous Vehicles
Challenge: Advanced Replacement Technologies
Supply Chain Landscape
Honeywell International Inc.
NXP Semiconductors N.V
Texas Instruments Inc.
OMRON Corporation
Excelitas Technologies Corp.
Hamamatsu Photonics K.K
Aerospace and Defense
Consumer Electronics
Healthcare
Honeywell International Inc.
NXP Semiconductors N.V
Texas Instruments Inc.
OMRON Corporation
Excelitas Technologies Corp.
Hamamatsu Photonics K.K
Aerospace and Defense
Consumer Electronics
Healthcare