IR Temperature Sensor Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global IR temperature sensor market was valued at approximately $3.2 billion in 2022 and is projected to reach $4.8 billion by 2027, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period. The increasing demand for non-contact temperature measurement solutions across various industries, including automotive, healthcare, and consumer electronics, is driving the market's expansion. Additionally, advancements in infrared technology and the rising adoption of smart sensors for automation are contributing to the growth. The market is witnessing significant investments in research and development to enhance sensor accuracy, reliability, and miniaturization, further fueling market dynamics.Emerging markets in Asia-Pacific, particularly in countries like China and India, present substantial growth opportunities due to rapid industrialization and increasing investments in infrastructure development. The healthcare sector's burgeoning demand for precise temperature monitoring and the automotive industry's focus on advanced driver-assistance systems (ADAS) are key growth drivers. Furthermore, the shift towards smart homes and IoT applications is anticipated to bolster demand for IR temperature sensors. As these regions continue to develop and integrate advanced technologies, the IR temperature sensor market is expected to see robust growth and increased market penetration.
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ABB Limited (Switzerland)
Analog Devices (US)
Honeywell International (US)
Maxim Integrated Products (US)
Siemens (Germany)
TE Connectivity (Switzerland)
Texas instruments (US)
Amphenol Corporation (US)
Bosch (Germany)
Conax (Norway)
Delphi (US)
Emerson Electric Corporation (US)
Microchip Technology (US)
NXP Semiconductors N.V. (Netherlands)
Panasonic Corporation (Japan)
Stmicroelectronics (Switzerland)
Omega Engineering (US)
Dorman (US)
Kongsberg Gruppen (Norway)
Renesas Electronics Corporation(US)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global IR Temperature Sensor Market
Oil & Gas
Chemical
Refining
HVAC
Automotive
Electrical
Electronics
Based on Types the Market is categorized into Below types that held the largest IR Temperature Sensor market share In 2023.
Contact Type
Non-contact Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global IR Temperature Sensor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global IR Temperature Sensor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IR Temperature Sensor Market, By Type
6. Global IR Temperature Sensor Market, By Application
7. Global IR Temperature Sensor Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global IR Temperature Sensor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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