Infrared Sensors Market Size (2023 - 2030)
The global infrared sensors market size is estimated to reach USD 620 million by 2030 from 445 million in 2022. The market is expected to grow with a CAGR of 6.6% from 2023 - 2030.

Industry Overview
An infrared sensor is an electronic device used to sense some characteristics of its surroundings by emitting or detecting infrared radiation. Infrared sensors are proficient in measuring the heat emitted by an object and sensing motion. These infrared sensors have an infrared light source, medium, optical components, and IR detector.

Moreover, infrared sensors are used as a part of small gadgets, larger and rather complicated machines, and smart devices.

These infrared sensors are extensively used in consumer electronics sectors like a smartwatch, smart cameras, smartphones, and gaming devices for remote control of volume, and the sensors are used for security and monitoring purposes over the defense sector in dangerous environment circumstances.

Market Drivers
The worldwide demand for autonomous automobiles is mounting which fuels the infrared sensors market growth. Less cost of the sensors drives the global infrared sensors market growth. The technological advancements are increasing in introducing wearables and machines along with connected cars escalates the future scope of the global infrared sensors market.

Also, the infrared sensors market is driven by growing research and development that involves advanced tracking technologies, and the demand for motion-and people-sensing devices. The need for security devices supporting thermal imaging especially in unclear atmospheric situations for spotting targeted activities boosts the market growth during the timeline period.

The number of thefts and the growing need to lessen the occurring thefts has resulted in the growing demand for smart homes. The accumulating research and development activities of therapeutic vaccines drive the infrared sensors market. Intensifying disease diagnostic modalities and upsurge research on combination therapies leading to sizable demand in the infrared sensors market growth throughout the timeframe period.

Market Restrains
However, the cost of the technology is high, and regulations made by the government are different hamper the infrared sensors market. Infrared sensing equipment is very sensitive to fog, rain, wind, sunlight, and dust which obstructs the market growth.

Recent Market Developments
On September 07, 2022, Excelitas Technologies Corporation acquired PCO AG. PCO is added to Excelitas's portfolio of sensing, optical technologies, and illumination. 
Product Launch
On February 05, 2022, Melexis disclosed its new version of its popular far-infrared (FIR) thermal sensor array. With the launch of this new device, MLX90641 has extended its crucial figure of merit. 
Acquisition
Honeywell Inc. and Omron Corporation acquired local infrared detector manufacturer companies to upgrade their global outreach and mount their market size. 

Segment Analysis
The global infrared sensors market is based on type, technology, application, wavelength, and vertical.

Infrared Sensors - By Type

• Cooled
• Uncooled

By type, the uncooled infrared sensor segment is projected to grow with the highest rate throughout the forecast period. These uncooled infrared detectors are small in size, low-cost, and complexity. 

The cooled infrared sensors market is said to grow with the highest CAGR pace across the timeframe period. In general, the cooled infrared sensors are cooled cryogenically or thermoelectrically. In most cases, liquid nitrogen is used for cooling the detectors. The segment finds its applications across astronomy, spectroscopy, scientific research, security and surveillance, and others. 
These infrared cooled detectors usually operate in the mid-wave infrared (MWIR) spectral range.

Infrared Sensors - By Technology

• Mercury Cadmium Telluride
• Indium Gallium Arsenide
• Pyroelectric
• Thermopile
• Microbolometer
• Others
  Based on the technology, Pyroelectric and thermopile detectors account for a significant share. 

Infrared Sensors - By Application

• People and Motion Sensing
• Temperature Measurement
• Security and Surveillance
• Gas & Fire Detection
• Spectroscopy and Biomedical Imaging
• Scientific Applications
  By application, the people and motion sensing segment is dominating the infrared sensors market. 

Infrared Sensors - By Wavelength

• Near InfraRed &Short Wave InfraRed
• Medium-Wave InfraRed
• Long Wave InfraRed

By wavelength, the long-wave infrared segment is dominating the infrared sensors market and is likely to continue its dominance across the timeline period. Long-Wave Infrared segment has got extensive applications in the military and civil applications.

Infrared Sensors - By Vertical

• Industrial
• Nonindustrial
  The industrial vertical segment is accounted for the highest share in the infrared sensors market. 

Regional Analysis
Regionally, Asia-Pacific is accounted for the dominant position in the global infrared sensors market. In APAC, the demand for electronic goods is increasing, especially in China and Japan. The APAC region is driven by the acceptance of advanced technologies like the Internet of Things (IoT), and the growth in the customer's inclination for better energy management. The demand for smart home automation technology augments the growth of the infrared sensors market.

Moreover, the Soth Korean, Indian, and Chinese governments are intently trying to strengthen the IoT platforms by entering into a strategic collaboration publicly and privately.

In India, the production of electronics is increasing. For example, the mobile phones annual production has increased to 11million devices in 2017 from 3million devices in 2014, as per the Indian Cellular Association (ICA).

North America is said to have a sizable amount of growth in the infrared sensors market. The growing approval for autonomous and electric vehicles is accelerating. This factor helps in accumulating the infrared sensors market across North America. U.S crude oil production has reached 11.96 million, the highest monthly level of crude oil production in the U.S, and the production has surged considerably over the past years.

The European market for infrared sensors is estimated to have substantial growth during the mentioned period. The market is also projected to have prominent growth over the upcoming years. The European Union has mandated that all vehicles have some form of ADAS by 2022. The technology will expand quickly. 

Latin American infrared sensors market is primarily henpecked by pyroelectric, microbolometers, and thermopyles. Brazil and Argentina are contributing majorly to the infrared sensors market.

Brazil is considered to be the largest country in the infrared sensors market. The continuous growth in the economy and a high manufacturing base allows exports worldwide. Latin American is believed to grow at a minimal growth pace.

The Middle East and African infrared sensors market are said to grow with a CAGR of 12.8% throughout the forecast period. The escalating security issues and the demand for motion sensing and contact-less temperature measurement applications across the consumer electronics field are accumulating the region's growth.

In February 2022, Israel's Rafael developed a new lightweight electro-optical/infrared sensor for use aboard small UAVs. The system, called MicroLite, enlarged for wide-area, persistent surveillance.

Major key players in the market
1. Excelitas Technologies Corp

2. Texas Instruments Inc

3. FLIR Systems Inc

4. Raytheon Co

5. Omron Corporation

6. Hamamatsu Photonics KK

7. ULIS

8. Murata Manufacturing Co. Ltd

COVID-19 Impact On Infrared Sensors
The sudden eruption of the novel coronavirus has originated in Wuhan, China. The virus is caused by the SARS-CoV-2 which has affected millions of people and every business sector. The outbreak of the COVID-19has created huge challenges to the entire world for adapting existing technologies and using new and inventive ones. The COVID-19 pandemic period has witnessed a quick demand in the infrared sensors market. 
The global shutdown of the production process has halted its production process disturbing the supply chain of raw materials. Moreover, the use of infrared sensors over thermal imaging is still in focus as it is used to identify potential COVID-19 patients sensing the temperature difference of the bodies.