Global Infrared Sensor Market Is Projected To Boost In The Coming Years, Driven By Rising Popularity Of Infrared Sensors In Civil Applications

SAN FRANCISCO, July 21, 2017 -- Global Infrared Sensor Market Report, published by Variant Market Research, forecast that the global market is expected to reach $692 Million by 2024 from $286 Million in 2016, growing at a CAGR of 11.7% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 12.1% and 11.9%, respectively, during the forecast period.

This report has 43 figures/charts and 45 tables spread through 106 pages. For more detail on this report please click link @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/infrared-sensor-market/sample-request

The major driving factor of the market is the growing applications of infrared sensors in the military and civil sectors. Moreover, increasing expendable income has led to rise in demand for tablets and smartphones. Additionally, the expanding computerization of the industrial sector has boosted the growth of the market.

The global infrared sensor market is categorized into working mechanism, detection, functionality, and end-user. By working mechanism, the market is segmented into passive IR sensor and active IR sensor. The segmentations by detection include uncooled IR sensor and cooled IR sensor. Functionality segment is classified into thermal infrared sensor and quantum infrared sensor. By end-user, the market has been bifurcated into consumer electronics, chemicals, aerospace & defense, oil & gas, mining, pharmaceuticals, and others. By working mechanism type, passive IR sensor accounted for the largest market share of 43.7% in 2016. Oil & gas was the maximum revenue generating segment by end-user.

By geography, the global infrared sensor market is segmented into North America, Europe, Asia-Pacific, and RoW. North America accounts for the largest share of the market with 33.4%, in the year 2016. Asia-Pacific is the fastest growing region in the global cosmetics ingredient market, and is projected to continue this trend during the forecast period.

Major players in the infrared sensor market include Honeywell International Inc., Hamamatsu Photonics, Excelitas Technologies Corp., Nippon Avionics Raytheon Company, Nippon Ceramic Co. Ltd, Texas Instruments Inc., Murata Manufacturing Co., Ltd, Omron Corporation, and Sofradir. For instance, in November 2016, Excelitas Technologies Corp. announced its CaliPile sensors, which represents an innovative range of intelligent IR sensors that comprise highly-sensitive infrared detectors, linked with electronic circuitry, and others.

The study of infrared sensor market includes Scope of Infrared Sensor Market

Working Mechanism Segments

•  Passive IR Sensor
•  Active IR Sensor

Detection Segments

•  Uncooled IR Sensor
•  Cooled IR Sensor

Functionality Segments

•  Thermal Infrared Sensor
•  Quantum Infrared Sensor

End-User Segments

•  Consumer Electronics
•  Chemicals
•  Aerospace & Defense
•  Oil & Gas
•  Mining
•  Pharmaceuticals
•  Others

Geography Segments

•  North America

• US
• Canada
• Mexico

•  Europe

• U.K.
• Germany
• France
• Italy
• Others

•  Asia-Pacific

• China
• Japan
• India
• Others

•  RoW

• South America
• Middle East
• Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains namely, Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market.

For further information, visit www.variantmarketresearch.com

Connect with us on LinkedIn here @ https://www.linkedin.com/company/variant-market-research.

Kailas Disale
Executive at Variant Market Research
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: [email protected]  
Email: [email protected]