According to the latest market research study by Technavio, the global IR emitter and receiver market is expected to grow at a CAGR of close to 10% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global IR emitter and receiver market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
Source: Technavio
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The top three revenue contributing application segments are discussed below
IR emitter and receiver market for security applications: The security applications consist of major defense-based applications such as target acquisition, missile detection, low or night vision, and weapon and vehicle vision. The increasing uses of short-wave infrared (SWIR) sensors in intelligence, surveillance, and reconnaissance (ISR) for military and security applications are generating market revenue. IR emitters and receivers are used for gas and fire detection in commercial, residential, and industrial sectors due to their high sensitivity to radiations.
“IR sensors monitor gas meters and help in the detection of inflammable gases, both indoors and outdoors. The detection helps firefighters carry out fire rescue operations successfully. They are also used for security, crime prevention, and surveillance in the law enforcement sector,” says Sunil Kumar Singh, a lead analyst at Technavio for research on semiconductor equipment.
IR emitter and receiver market for sensing applications: The requirement for automation equipment is rising owing to the increase in disposable income, which has made IR sensors popular in the building automation market. IR sensors use thermopile and microbolometer IR sensors, which is integrated with IR emitters and receivers for motion detection of people and objects. The growing demand for consumer electronic devices, especially in APAC, has been driving this market.
IR emitter and receiver market for test and measurement applications: IR sensors are used for testing and measurement applications in different production processes such as the commercial and industrial sectors. IR sensors for temperature measurement are used across the automotive and power sectors and are used for checking product quality, performance, and monitoring. The upsurge in the manufacturing of cars will lead to the use of IR sensors (including IR emitters and receivers) for testing purpose in automobiles.
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The top vendors operating in the global IR emitter and receiver market are:
- Excelitas Technologies
- FLIR Systems
- Honeywell
- Murata Manufacturing
The other prominent vendors in the market include DRS Technologies, Hamamatsu Photonics, OSRAM Opto Semiconductors, Sofradir, Texas Instruments, VIGO Systems, and Vishay Intertechnology.
A more detailed analysis is available in the Technavio report titled, ‘Global IR Emitter and Receiver Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Military Electro-optical and Infrared Systems Market 2016-2020
- Global Infrared Thermography Market 2016-2020
- Global Passive Infrared Motion Sensor Market 2016-2020
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