How big is the Infrared Sensor Market?

The Infrared Sensor Market size is expected to reach USD 1.11 billion in 2024 and grow at a CAGR of 7.21% to reach USD 1.57 billion by 2029. Read More

What is the current Infrared Sensor Market size?

In 2024, the Infrared Sensor Market size is expected to reach USD 1.11 billion. Read More

Who are the key players in Infrared Sensor Market?

Murata Manufacturing Co. Ltd, STMicroelectronics NV, Excelitas Technologies, Teledyne Imaging Inc. and Mitsubishi Electric Corporation are the major companies operating in the Infrared Sensor Market. Read More

Which is the fastest growing region in Infrared Sensor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Infrared Sensor Market?

In 2024, the Asia Pacific accounts for the largest market share in Infrared Sensor Market. Read More

What years does this Infrared Sensor Market cover, and what was the market size in 2023?

In 2023, the Infrared Sensor Market size was estimated at USD 1.03 billion. The report covers the Infrared Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Infrared Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Infrared Sensor Market - Trends & Industry Analysis

Infrared Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Infrared (IR) Sensor Market Report is Segmented by Type (Near Infrared (NIR), Infrared, and Far Infrared (FIR)), End-User Industry (Healthcare, Aerospace and Defense, Automotive, Commercial Applications, Manufacturing, Oil and Gas, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Infrared (IR) Sensor Industry Overview

The infrared sensor market is fragmented and highly competitive. To sustain intense competition, regional companies adopt high-cost research and development, partnerships, collaborations, and acquisitions as their prime growth strategies. Key players in the market are Murata Manufacturing Co. Ltd, STMicroelectronics NV, Excelitas Technologies, Teledyne Imaging Inc., Mitsubishi Electric Corporation, and many more.

April 2024: InfraTec GmbH proudly announced the completion of its new extension building, a project realized in a swift two and a half years. With the new structure now operational, the company has turned its attention to renovating the existing facility. The enhancements boast a vast 2,700 m² area dedicated to the production and development of cutting-edge thermography cameras and infrared detectors.
November 2023: Hydrosat and Muon Space entered into a strategic partnership, culminating in a contract for Hydrosat's debut Constellation-as-a-Service (CaaS) spacecraft. Anticipated to be equipped with Hydrosat's state-of-the-art multispectral and thermal infrared (IR) imaging instruments, this collaboration significantly advances Hydrosat's vision of deploying a constellation of small satellites in Low Earth Orbit (LEO). These satellites aim to provide crucial data, enhancing water use efficiency in agriculture, a pressing need given the rising freshwater scarcity exacerbated by climate change.