Infrared Sensors Market Growth 2023 Along with Business Insights and Forecast to 2029 by Key Players | Murata Manufacturing , Hamamatsu Photonics , Excelitas Technologie , Teledyne
Latest Study on Industrial Growth of Infrared Sensors Market 2023-2029. A detailed study accumulated to offer Latest insights about acute features of the Infrared Sensors Market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The market includes news and updates about the market current situation, historic data, present market trends, and this factor which is valuable and supportive to the business. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. The report aims to supply a further illustration of the newest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The Infrared detector market is expected to grow at a CAGR of 6.8 %, from USD 446 million in 2022 to USD 619 million in 2026. The primary reasons for this rise in demand for infrared detector products in security & surveillance applications.
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Key Players in This Report Include:
Murata Manufacturing, Hamamatsu Photonics, Excelitas Technologie, Teledyne, Raytheon, InfraTec GmbH, FLIR Systems, Nippon Avionics, Honeywell International, Texas Instruments
Industry News:
Murata Manufacturing has acquired 5 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset. Murata Manufacturing’s largest acquisition to date was in 2011, when it acquired VTI Technologies Oy for $195M. Murata Manufacturing has acquired in 4 countries. The Company’s most targeted sectors include information technology (40%) and manufacturing (20%).
Hamamatsu Photonics K.K. has acquired 1 company. Hamamatsu Photonics K.K.’s largest acquisition to date was in 2017, when it acquired Energetiq Technology for $42M. Hamamatsu Photonics K.K. has acquired in 1 US state. The Company’s most targeted sectors include medical products (100%).
Excelitas Technologies has acquired 8 companies of its own, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms Excelitas Technologies has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include electrical equipment (34%) and electronics (34%).
Teledyne Technologies has acquired 45 companies, including 6 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 7 assets. Teledyne Technologies’ largest acquisition to date was in 2021, when it acquired FLIR Systems for $8.0B. It’s largest disclosed sale occurred in 2010, when it sold Continental Motors to AVIC International for $186M. Teledyne Technologies has acquired in 15 different US states, and 8 countries. The Company’s most targeted sectors include test/measurement equipment (30%) and electrical equipment (21%).
Raytheon Technologies has acquired 23 companies, including 4 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 18 assets. Raytheon Technologies’ largest acquisition to date was in 2017, when it acquired Rockwell Collins for $30.0B. It’s largest disclosed sale occurred in 2015, when it sold Sikorsky Aircraft to Lockheed Martin for $9.0B. Raytheon Technologies has acquired in 14 different US states, and 3 countries. The Company’s most targeted sectors include safety/security (24%) and aerospace (20%).
Nippon Paint Holdings has acquired 1 company, including 1 in the last 5 years. Nippon Paint Holdings’ largest acquisition to date was in 2019, when it acquired DuluxGroup for $2.4B. The Company’s most targeted sectors include chemicals (100%).
Honeywell International has acquired 82 companies, including 10 in the last 5 years. A total of 16 acquisitions came from private equity firms. It has also divested 8 assets. Honeywell International’s largest acquisition to date was in 1999, when it acquired Allied Signal for $13.8B. It’s largest disclosed sale occurred in 2016, when it sold Honeywell Technology Solutions to KBR for $300M. Honeywell International has acquired in 26 different US states, and 13 countries. The Company’s most targeted sectors include manufacturing (13%) and technology hardware (12%).
Texas Instruments has acquired 29 companies. A total of 3 acquisitions came from private equity firms. It has also divested 12 assets. Texas Instruments’ largest acquisition to date was in 2000, when it acquired Burr-Brown for $7.6B. It’s largest disclosed sale occurred in 1997, when it sold Texas Instruments – Defense Systems & Electronics Business to Raytheon for $3.0B. Texas Instruments has acquired in 10 different US states, and 7 countries. The Company’s most targeted sectors include semiconductors (45%) and technology hardware (25%).
The Infrared Sensors market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analysed study to help understand market, opportunities and upcoming challenges and about the competitors.
The Infrared Sensors Market segments and Market Data Break Down are illuminated below
By Type:
Thermal
Quantum
By Application:
Consumer Electronics
Aerospace and Defense
Mining
Oil and Gas
Other
The Infrared Sensors market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Following are the various regions covered by the Infrared Sensors Market research report:
North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, and Rest of APAC), South America (Brazil, Argentina, Columbia and Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, Nigeria, UAE and Rest of MEA)
What Makes the U.S. a Leading Market for Infrared Detectors?
The U.S. market is likely to witness remarkable growth at 6.6% CAGR through 2031. Some of the major applications that are expected propel the U.S. infrared detector market are industrial, military, and defense, and commercial.
The U.S. is observing growing demand for short wave infrared detectors, particularly in short wave infrared cameras for scientific research, leading to increasing market share of 85% by 2031 in the North American market.
What is the Growth Outlook for the Market for Infrared Detectors in China?
China is expected to dominate the global market for IR detectors in terms of volume export due to high volume production and low pricing. Rise in world terrorism is the biggest driver for countries to adopt infrared detectors.
The market in China for IR detectors is likely to enjoy a valuation of around US$ 165 Mn by the end of 2031. Infrared sensor motion detectors have great potential in the future, which will drive global business growth.
Objectives of the Report
- To carefully analyses and forecast the size of the market by value and volume.
- To estimate the market shares of major segments of the Infrared Sensors
- To showcase the development of the market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Infrared Sensors market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Infrared Sensors
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Infrared Sensors market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Key Points Covered in Market Report:
- Market Overview, Definition and Classification Market drivers and barriers
- Market Competition by Manufacturers
- Impact Analysis of COVID-19 on Market
- Market Capacity, Production, Revenue (Value) by region (2023-2029)
- Infrared Sensors Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Infrared Sensors market Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
- Infrared Sensors Manufacturers Profiles/Analysis & Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry Road map and value chain Market Effect Factors Analysis.
Key questions answered
– How feasible is Infrared Sensors market for long-term investment?
– What are influencing factors driving the demand for Infrared Sensors near future?
– What is the impact analysis of various factors in the Infrared Sensors market growth?
– What are the recent trends in the regional Infrared Sensors market and how successful they are?
Will Growing Adoption of Infrared Detectors in Motion Devices Pave the Way for Market Expansion?
Demand for people sensing and motion devices is on the rise. High adoption of object/people counting systems and rising automation of buildings are some of the significant factors that have led to growth in demand for these infrared detector alarms and systems. Features such as non-contact detection and the ability to detect motion in both, the absence and presence of light, have led to high adoption of infrared sensing technology for people sensing and motion applications, as far as infrared detection systems are concerned.
Infrared detector shipments are likely to grow 2.1X at a CAGR of 7.7% through 2031 Infrared detectors are also used in several detection applications such as safety lighting, burglar alarms, garage doors, security cameras, motion-activated security cameras, and people counting systems. Moreover, in robotics, infrared detectors are used to measure distance and traction at a high rate, as they are used to sense the motion of IR emitting bodies.
Why is Popularity of Short Wave Infrared Detectors Rising?
Short wave infrared detectors are suitable for various applications. They see endless opportunities in various applications, such as security, industrial, and scientific image processing. This type of infrared detector is used for the analysis of spectroscopes, such as the quality analysis of various products in agriculture, sorting of plastics for recycling, unknown substance structural clarification, and classification of purity of substances. These detectors are appropriate to click an image through water in an attempt to identify metallization and defects in electrical contact. Short wave infrared detector sales are valued at US$ 70 Mn currently, and demand is likely to surge at a CAGR of 7.9% over the decade.
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