Infrared Sensor Market Overview:
Infrared sensors are essentially electronic components that emit radiation and perceive light signals in the infrared network. Infrared detectors are actually the chips used mainly for the recognition of infrared light.
The Infrared Sensor Market in 2017 is USD 392.5 Mn in 2017 and is estimated to grow at a CAGR 15 % during the forecast period 2018-2025.
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Growth Drivers and Challenges:
The considerable growth in customer safety issues, as well as the growing demand and growing popularity of the customer’s electronic equipment, have a significant impact on the global infrared sensor market. The great demand for security, especially in commercial places, such as hospitals, Offices, and hotels should boost the expansion of this market in the coming years.
Geographic Segmentation of Infrared Sensor Market:
Europe and North America have become the largest markets for infrared sensors and are expected to grow significantly in the coming years. North America should be followed by Europe, due to the greater use of infrared sensors, compared to other regions. The increasing rate of infrared sensors, particularly to identify the movement that helps to recognize the purpose of a remote location, is expected to feed the market in North America in the future. The market for infrared sensors in Europe is expected to be driven largely by the growing demand and popularity of infrared sensors. The huge demand for the increasing use of infrared sensors and motion detection in unmanned aerial vehicles are expected to significantly fuel the market in Europe.
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The major manufacturers covered in this Infrared Sensor Market report are:
Maxim Integrated, Extron Electronics, Vishay, Texas Instruments, Honeywell, Silabs, Onsemi, Microsemi, Osram, Broadcom (Avago), Murata, Drager, ST Microelectronics, Melexis
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