IR Emitter and Receiver Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global IR emitter and receiver market was valued at approximately USD 2.8 billion in 2022, with a projected compound annual growth rate (CAGR) of 7.5% during the forecast period from 2022 to 2030. The market is driven by the increasing demand for contactless communication, proximity sensors, and remote control systems in industries such as consumer electronics, automotive, and healthcare. The rise of IoT (Internet of Things) and smart home devices also plays a significant role in boosting the demand for IR emitters and receivers. These components are integral in enabling non-intrusive, reliable data transmission in low-power applications, further pushing market expansion.Emerging markets in Asia-Pacific, particularly China and India, present substantial growth opportunities due to the rapid adoption of IR technologies in consumer electronics and automotive sectors. Governments in these regions are also investing in smart infrastructure projects, which include IR-based sensors and communication systems. Moreover, innovations in IR technology, such as longer-range emitters and enhanced sensitivity in receivers, are expected to open new opportunities across sectors, including healthcare, where IR is used for non-invasive medical devices. The market is expected to see strong growth in these areas as businesses increasingly turn to automated and contactless solutions.
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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, 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 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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