Pune, India -- (SBWIRE) -- 12/20/2019 -- Infinium Global Research has recently published a premium report on "Infrared Sensor Market (Type - Passive and Active; Detection Type - Cooled and Uncooled; Products - Laser, Led, and Others; End Use Industry - Automotive, Oil and Gas, Healthcare, Consumer Electronics, Aerospace and Defense, Chemical, Mining, and Others): Global Industry Analysis, Trends, Market Size and Forecasts to 2024."  

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According to IGR research analysts the key factor driving the growth of the market is high adoption of infrared sensor in security and surveillance application and increasing adoption of infrared cameras in the inspection and quality control application. Security system technology is constantly evolving, and new technologies are constantly being innovated to improve the security of home and business security systems alike. New forms of high-tech and non-visual sensors have popped up in the last few years such as innovative motion detectors, audio sensors, advanced mobile integration, and machine learning and predictive analytics.

Laser Segment is Holding the Largest Share in the Infrared Sensor Market

The report gives an in-depth analysis of the global infrared sensor market, focuses on market opportunities along with the trends driving the market. The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth. It provides the market segmentation by type (passive and active), by detection type (cooled and uncooled), by products (laser, LED and others), by end use (automotive, oil & gas, healthcare, consumer electronics, aerospace and defense, chemical, mining, and others) and by geography.

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APAC Region is Expected to Dominate the Market During the Forecast Period

The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2019-2025. Infrared sensors emit, detect, and receive infrared waves as heat and infrared radiation. Most of the infrared detectors are coated with either Fresnel lenses or parabolic mirrors for receiving infrared waves from an entire area.  Infrared sensors can detect all objects with temperature more than zero, in turn retaining thermal energy. Low power consumption, flexible applications and relatively less production price are the factors that have been driving the growth in the global infrared sensors market in this region. The U.S. drives the growth in the North America region as it is the largest market in the region.

Main Market Players of the Global Infrared Sensor Market

The key players featured in the report are Panasonic, Vishay, Honeywell, Texas, Murata Manufacturing, Hamamatsu Photonics, InfraTec GmbH, Excelitas Technologies, Teledyne and FLIR Systems, Inc.  InfraTec presents the next high-end infrared camera for the mid infrared range with the ImageIR® 9500. High-end camera series ImageIR®. ImageIR® 9500 are focused on the global market and are suitable for tests in the mid infrared range.

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Report Highlights

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global infrared sensor market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of infrared sensor market.

Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the infrared sensor market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the infrared sensor market to understand the present and future trends in this market and formulate their strategies accordingly.

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the infrared sensors.

=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.  

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.