Global IR Emitter and Receiver Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
The IR Emitter and Receiver Market is witnessing a surge in demand as the technology continues to find applications across diverse industries, including automotive, healthcare, and consumer electronics. The growth of smart devices and automation is driving the need for advanced infrared emitters and receivers that can offer high precision and reliability. A key factor contributing to the expansion of the market is the increasing adoption of infrared sensors in automotive safety systems, such as collision detection and night-vision cameras, as well as in consumer electronics like remote controls and motion detectors.
One of the significant trends in the market is the miniaturization of IR emitters and receivers, which has enabled their integration into smaller, more compact devices. For instance, companies are developing infrared components that can be embedded into smartphones, wearable devices, and other portable electronics, opening up new possibilities for IoT (Internet of Things) applications. Moreover, the development of more energy-efficient IR emitters and receivers has spurred the growth of green technologies and sustainable consumer products.
In addition to consumer electronics, the healthcare sector has also benefited from the advancements in IR technology. Infrared sensors are now being used in medical devices for monitoring patient health, such as thermometers that provide non-contact temperature readings. These devices are gaining popularity due to their accuracy and ease of use, especially in environments where hygiene is crucial, like hospitals and clinics.
Geographically, the Asia-Pacific region dominates the IR Emitter and Receiver Market, driven by the growing demand for consumer electronics and increasing investments in smart cities. Companies in China, Global, and South Korea are major players in the development and manufacturing of infrared components, positioning the region as a leader in the market.
As the market continues to expand, future developments will likely focus on enhancing the performance of IR emitters and receivers, making them more cost-effective and versatile for a broader range of applications. The rise of artificial intelligence and machine learning could also unlock new potential for infrared technology, enabling more precise sensing and automation.
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Excelitas Technologies
FLIR Systems
Honeywell
Murata Manufacturing
Hamamatsu Photonics
Leonardo DRS
OSRAM Opto Semiconductors
Sofradir
Texas Instruments
Vishay Intertechnology
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 Emitter and Receiver Market
Automotive
Telecommunication
Military and Aerospace
Healthcare
Industrial
Consumer Electronics
Others
Based on Types the Market is categorized into Below types that held the largest IR Emitter and Receiver market share In 2023.
Short Wavelength Infrared
Medium Wavelength Infrared
Long Wavelength Infrared
Far Infrared
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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 Emitter and Receiver 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 Emitter and Receiver Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IR Emitter and Receiver Market, By Type
6. Global IR Emitter and Receiver Market, By Application
7. Global IR Emitter and Receiver Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global IR Emitter and Receiver Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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