A Drop in Infrared Sensor Prices Drives Market Growth
November 13, 2015 | PRNewswireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Infrared Sensor Market 2015-2019"report to their offering.
The global IR sensors market to grow at a CAGR of 11.14% over the period 2014-2019
The report, Global Infrared Sensors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, the Americas, Europe, and ROW; it also covers the landscape of the global IR sensors market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.
Since IR sensors are not affected by electrical noise, their use is increasing in industrial applications. They are used to measure thermal radiation emitted from powerful motors and equipment without being in contact with them. The use of IR sensors is also increasing in surveillance systems used by the military and at residences.
The integration of IR cores in smartphones is increasing the prospects of the IR sensors market. The decline in IR sensor prices and demand for highly functional smartphones will have a positive combined effect on IR sensor adoption. The use of wafer-level packaging technology during the manufacturing of IR sensors has helped vendors reduce production costs.
According to the report, the decline in IR sensor prices is driving market growth. Lower prices are increasing its adoption in consumer electronic equipment and communications devices. Advancements in packaging technology, such as micro-electro-mechanical systems (MEMSs) and 3D integrated circuits, have helped the industry reduce the size, power consumption, and cost of sensors. This has helped original equipment manufacturers (OEMs) to integrate IR sensors with smartphones, tablet PCs, televisions, fans, air conditioners, DVD players, ovens, and other commercial devices all without compromising on design and cost.
Further, the report states that due to the high production cost of IR sensors based on InGaAs, the adoption rates of gas and fire detection equipment are falling in the residential sector. The dependency of IR sensors on IR rays is a technical challenge for vendors.
Suggested Items
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.