Infrared Emitter & Receiver Market 2022 Development Status, Competition Analysis, Type and Application 2032
The global infrared emitter & receiver market size reached US$ 231 million in 2022. By the end of 2032, total market valuation will exceed US$ 480.0 million. Global infrared & emitter sales are likely to surge at 7.6% CAGR from 2022 to 2032. Most of the infrared emitter & receiver sales will remain concentrated in healthcare industry. this is due to adoption of IR emitters & receivers in modern medical devices. The target segment will register a CAGR of 7.2% from 2022 to 2032. Rise adoption of infrared emitters & receivers in defense systems, medical devices, and mobile phones is a key factor driving the global market forward. Similarly, growing popularity of IR sensor will boost sales through 2032. Infrared emitters and receivers have become commonly used devices for controlling modern electronic devices wirelessly. These products work together in a variety of applications, most notably for non-contact sensing and measurement of temperature, proximity, and