Infrared Emitter and Receiver Market - Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
Description
Market Overview:
The Infrared Emitter and Receiver Market is anticipated to expand from USD 2,615 million in 2024 to approximately USD 3,747.35 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.6% over the forecast period.
This growth trajectory is driven by several influential factors. The increasing incorporation of infrared technology in smart devices and wearable electronics has considerably boosted its adoption across the consumer electronics sector. Furthermore, heightened demand for Advanced Driver Assistance Systems (ADAS) in the automotive industry is amplifying the requirement for infrared components. In the healthcare domain, infrared technology is gaining prominence in non-invasive diagnostic tools such as thermometers and oxygen sensors, especially following the pandemic. Additionally, ongoing advancements in infrared sensing and imaging are expanding their applications in industrial automation and security systems. The market is further supported by rising investments in research and development initiatives, fostering innovation and adoption across industries.
Market Drivers:
Rising Automotive Integration
The automotive sector is increasingly contributing to the expansion of the infrared emitter and receiver market. Infrared technology is integral to the performance of ADAS, night vision applications, and proximity sensing, enhancing vehicle safety and functionality. Companies like FLIR Systems are equipping premium automotive brands such as BMW and Audi with infrared cameras for night vision capabilities. These technologies are essential for object detection, environmental monitoring, and enabling automation features. As the industry transitions towards electric and autonomous vehicles, the demand for sophisticated infrared systems is expected to rise significantly, propelling further market growth.
Market Challenges:
Elevated Production and Integration Expenses
A major constraint facing the infrared emitter and receiver market is the high cost of production and system integration. The development of infrared components involves the use of specialized materials and precise manufacturing processes, resulting in increased costs. These financial barriers can be particularly challenging for small and medium-sized enterprises (SMEs) operating with limited budgets. Additionally, retrofitting existing systems with infrared technologies often requires costly redesigns and compatibility enhancements, limiting widespread adoption in cost-sensitive applications and sectors.
Market Segmentation:
By Type:
Vapor Chamber
Variable Conductance
Diode
Thermosyphon
Others
By End-Use Industry:
Consumer Electronics
Automotive
Construction
Transportation & Logistics
Chemical
Aerospace
Healthcare
Military & Defense
Others
By Region:
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
Key Players:
Everlight Electronics Co., Ltd.
Excelitas Technologies Corp.
FLIR Systems, Inc.
Hamamatsu Photonics K.K.
Honeywell Process Solutions (HPS)
Lite-On Technology Corporation
Luminus Devices, Inc.
Murata Manufacturing Co., Ltd.
NICHIA Corporation
Osram Opto Semiconductors
Rohm Semiconductor
TT Electronics
Vishay Intertechnology, Inc.
The Infrared Emitter and Receiver Market is anticipated to expand from USD 2,615 million in 2024 to approximately USD 3,747.35 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.6% over the forecast period.
This growth trajectory is driven by several influential factors. The increasing incorporation of infrared technology in smart devices and wearable electronics has considerably boosted its adoption across the consumer electronics sector. Furthermore, heightened demand for Advanced Driver Assistance Systems (ADAS) in the automotive industry is amplifying the requirement for infrared components. In the healthcare domain, infrared technology is gaining prominence in non-invasive diagnostic tools such as thermometers and oxygen sensors, especially following the pandemic. Additionally, ongoing advancements in infrared sensing and imaging are expanding their applications in industrial automation and security systems. The market is further supported by rising investments in research and development initiatives, fostering innovation and adoption across industries.
Market Drivers:
Rising Automotive Integration
The automotive sector is increasingly contributing to the expansion of the infrared emitter and receiver market. Infrared technology is integral to the performance of ADAS, night vision applications, and proximity sensing, enhancing vehicle safety and functionality. Companies like FLIR Systems are equipping premium automotive brands such as BMW and Audi with infrared cameras for night vision capabilities. These technologies are essential for object detection, environmental monitoring, and enabling automation features. As the industry transitions towards electric and autonomous vehicles, the demand for sophisticated infrared systems is expected to rise significantly, propelling further market growth.
Market Challenges:
Elevated Production and Integration Expenses
A major constraint facing the infrared emitter and receiver market is the high cost of production and system integration. The development of infrared components involves the use of specialized materials and precise manufacturing processes, resulting in increased costs. These financial barriers can be particularly challenging for small and medium-sized enterprises (SMEs) operating with limited budgets. Additionally, retrofitting existing systems with infrared technologies often requires costly redesigns and compatibility enhancements, limiting widespread adoption in cost-sensitive applications and sectors.
Market Segmentation:
By Type:
Vapor Chamber
Variable Conductance
Diode
Thermosyphon
Others
By End-Use Industry:
Consumer Electronics
Automotive
Construction
Transportation & Logistics
Chemical
Aerospace
Healthcare
Military & Defense
Others
By Region:
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
Key Players:
Everlight Electronics Co., Ltd.
Excelitas Technologies Corp.
FLIR Systems, Inc.
Hamamatsu Photonics K.K.
Honeywell Process Solutions (HPS)
Lite-On Technology Corporation
Luminus Devices, Inc.
Murata Manufacturing Co., Ltd.
NICHIA Corporation
Osram Opto Semiconductors
Rohm Semiconductor
TT Electronics
Vishay Intertechnology, Inc.
Table of Contents
200 Pages
- CHAPTER NO. 1 : INTRODUCTION
- 1.1.1. Report Description
- Purpose of the Report
- USP & Key Offerings
- 1.1.2. Key Benefits for Stakeholders
- 1.1.3. Target Audience
- 1.1.4. Report Scope
- CHAPTER NO. 2 : EXECUTIVE SUMMARY
- 2.1. Infrared Emitter and Receiver Market Snapshot
- 2.1.1. Infrared Emitter and Receiver Market, 2018 - 2032 (USD Million)
- CHAPTER NO. 3 : Infrared Emitter and Receiver Market – INDUSTRY ANALYSIS
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Market Opportunities
- 3.5. Porter’s Five Forces Analysis
- CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE
- 4.1. Company Market Share Analysis – 2023
- 4.2. Infrared Emitter and Receiver Market Company Revenue Market Share, 2023
- 4.3. Company Assessment Metrics, 2023
- 4.4. Start-ups /SMEs Assessment Metrics, 2023
- 4.5. Strategic Developments
- 4.6. Key Players Product Matrix
- CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS
- CHAPTER NO. 6 : Infrared Emitter and Receiver Market – BY By Type: ANALYSIS
- CHAPTER NO. 7 : Infrared Emitter and Receiver Market – BY By End-use: ANALYSIS
- CHAPTER NO. 8 : Infrared Emitter and Receiver Market – BY By Region: ANALYSIS
- CHAPTER NO. 9 : COMPANY PROFILES
- 9.1. Everlight Electronics Co., Ltd.
- 9.1.1. Company Overview
- 9.1.2. Product Portfolio
- 9.1.3. Swot Analysis
- 9.1.4. Business Strategy
- 9.1.5. Financial Overview
- 9.2. Excelitas Technologies Corp.
- 9.3. FLIR Systems, Inc.
- 9.4. Hamamatsu Photonics K.K.
- 9.5. Honeywell Process Solutions (HPS)
- 9.6. Lite-On Technology Corporation
- 9.7. Luminus Devices, Inc.
- 9.8. Murata Manufacturing Co., Ltd.
- 9.9. NICHIA Corporation
- 9.10. Osram Opto Semiconductors
- 9.11. Rohm Semiconductor
- 9.12. TT Electronics
- 9.13. Vishay Intertechnology, Inc.
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