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 other parameters. 

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Defense applications such as surveillance, targeting, and missile guidance systems frequently employ infrared emitters and receivers.  

To detect and amplify the infrared radiation emitted by objects in the environment, infrared emitters and receivers can also be used in night vision systems. Similarly, IR emitters and receivers find applications in missile guidance systems.  

Hence, growing usage of IR emitter & receivers in various military and defense systems coupled with high defense spending will boost the global market through 2032. 

Rising applications in consumer electronics such as smartphones will elevate infrared emitter & receiver demand over the next ten years. 

Infrared emitters and receivers are being incorporated into mobile phones for a number of uses. This includes proximity sensing, gesture recognition, and facial and hand gesture recognition. Further, they find application in TV remotes and AC remotes. 

Hence, burgeoning demand for smartphones and other electronics devices globally will fuel IR emitter & receiver sales during the projection period. 

Key Takeaways from the Infrared Emitter & Receiver Market Report: 

  • Global sales of infrared emitters & receivers will soar at 7.6% CAGR during the forecast period. 
  • By wavelength range, low-wave infrared segment is set to expand at 7.4% CAGR through 2032. 
  • By end-user industry, healthcare segment will exhibit a CAGR of 7.2% from 2022 to 2032. 
  • The United States infrared emitter & receiver market will exceed a valuation of US$ 150.5 million by 2032. 
  • Infrared emitter & receiver demand in China is forecast to increase at 8.6% CAGR through 2032. 
  • South Korea infrared emitter & receiver industry will expand at 8.0% CAGR between 2022 and 2032. 
  • Japan infrared emitter & receiver market will reach US$ 34.7 million by the end of 2032. 

Competitive Landscape 

Leading manufacturers of infrared emitters & receivers include FLIR Systems, Wolfspeed, Inc., Honeywell International, Inc., Raytek Corporation, Texas Instruments Inc., Lite-On Technology Inc, Murata Manufacturing Co., Ltd, Rohm Co., Ltd, Osram Opto Semiconductors GmbH, and Vishay Intertechnology Inc. 

These companies are committed to developing advanced products compatible with specific applications. They are also using strategies such as mergers, collaborations, acquisitions, partnerships, and agreements to gain a competitive edge in the market.  

  • In July 2019, FLIR Systems announced the acquisition of New England Optical Systems (NEOS). This acquisition will expand the company’s product offering to complex infrared optical assemblies which can be used in drones, combat vehicles, astronomy, and military applications. 

More Insights Available 

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the infrared emitter & receiver market presenting historical data (2017 to 2021) and forecast statistics for the period from 2022 to 2032. 

The study reveals market dynamics in terms of wavelength range (near infrared, short wave infrared (SWIR), mid-wave infrared (MWIR), long wave infrared (LWIR), and far infrared ), application (security & surveillance, imaging, hunting & wildlife observation, hidden object finding, condition monitoring & inspection, sensing, detection & measurement, paranormal research, and spectroscopy), and end-user industry (automotive, construction, transportation & logistics, chemical, aerospace, consumer electronics, military & defense, law enforcement, and healthcare) across various regions.

Global Infrared Emitter and Receiver Market Segmentation

By Wavelength Range:

  • Near Infrared
  • Short-wave Infrared - SWIR
  • Mid-wave Infrared - MWIR
  • Long-wave Infrared - LWIR
  • Far Infrared

By Application:

  • Security and Surveillance
  • Imaging
  • Hunting and Wild Life observation
  • Hidden Object Finding
  • Condition Monitoring and Inspection
  • Sensing, Detection, and Measurement
  • Paranormal Research
  • Spectroscopy

By End-User Industry:

  • Automotive
  • Construction
  • Transportation and Logistics
  • Chemical
  • Aerospace
  • Consumer Electronics
  • Military & Defense
  • Law Enforcement
  • Healthcare

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
 

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