Dominated by North America with Leading Share
Online — Global Infrared Sensor Market Report, published by Variant Market Research, forecast that the global market is expected to reach $692 Million by 2024 from $286 Million in 2016, growing at a CAGR of 11.7% from 2016 to 2024.
Infrared sensor is an electronic equipment used to sense features from its environments either by detecting or transmitting infrared radiations. Infrared sensors are also proficient of determining the heat emitted by an object & detecting motion.
They are used in a numerous applications such as in the field of medicine, science, communications, agriculture, remote sensing from space, and others.
Wavelength region, response speed, photo sensitivity, active area, and including others are the parameters those have to be checked before selecting an infrared detector for any application.
Growing demand for consumer electronics drives the global infrared sensors market
The major factors to drive the global infrared sensor market are growing demand for consumer electronics, and increasing applications of this sensors in military & civil applications.
However, high cost of this technology, and stringent government regulations may act as the major hindrance for the market growth.
Moreover, technological advancements, and application in uncooled infrared sensors for remote sensing is expected to create numerous growth opportunities for the market in the forecast timeframe.
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