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Infrared Emitter & Receiver Market was valued at over USD 2 billion in 2023 and is estimated to register a CAGR of over 10% between 2024 and 2032. The rise of infrared imaging for military and night vision will drive the industry. It plays a crucial role in improving situational awareness and operational capabilities in low-light or no-light conditions. Military applications heavily depend on infrared technology for reconnaissance, surveillance, and targeting, boosting the demand for high-performance infrared emitters and receivers. Furthermore, advancements in infrared imaging have broadened its applications in civilian sectors, such as law enforcement, search and rescue, and outdoor recreation, fostering market expansion.
For instance, in May 2022, eMagin Corporation, a player engaged in developing, designing, and manufacturing high-resolution OLED micro displays for AR/VR and other near-eye imaging products, announced its participation at the 10th International Congress on OCT and OCT Angiography. eMagin's displays offer a wide color gamut. Their high contrast, small form factors, and ultra-high resolution are suited for medical applications. eMagin demonstrated OLED microdisplays including those used in ophthalmology applications such as retinal surgery, imaging, diagnosis, education, and other medical applications.
The rising adoption of infrared technology in healthcare devices is a significant growth driver for the infrared emitter & receiver market owing to its versatility and non-invasive nature. Infrared sensors enable various applications such as temperature monitoring, blood oxygen level detection, and remote patient monitoring, enhancing the efficiency & accuracy of healthcare devices. Additionally, the integration of infrared technology enables early detection of diseases, improves patient comfort, and facilitates real-time data transmission, contributing to the overall growth and advancement of healthcare solutions.
Report Attribute | Details |
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Base Year: | 2023 |
Infrared Emitter & Receiver Market Size in 2023: | USD 2 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2023 - 2032 CAGR: | 10 |
2023 Value Projection: | USD 5 Billion |
Historical Data for: | 2018 - 2023 |
No of Pages: | 200 |
Tables, Charts & Figures: | 355 |
Segments Covered: | Spectral Range, End-use Industry, Application, Region |
Growth Drivers: |
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Pitfalls Challenges: |
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Limited range and line-of-sight requirements pose significant challenges for the infrared emitter & receiver industry, constraining effective transmission distance and deployment flexibility. This issue becomes especially problematic in environments prone to signal disruption due to obstacles or interference. Moreover, reliance on line-of-sight communication may introduce reliability concerns in scenarios requiring uninterrupted connections, potentially affecting market competitiveness against alternatives with broader coverage and more robust communication capabilities.
Infrared sensors are increasingly employed for environmental monitoring, serving vital roles in gas detection, air quality assessment, and industrial process control. These sensors detect infrared radiation emitted by gases, enabling accurate identification and quantification of pollutants and hazardous substances in the atmosphere. They play a crucial role in ensuring workplace safety, environmental compliance, and the efficient operation of industrial processes by providing real-time data for monitoring and control purposes.
Advancements in materials and design have revolutionized infrared emitter and receiver technology, enhancing sensitivity and energy efficiency. These developments result in improved performance while concurrently lowering power consumption. By leveraging innovative materials and optimized designs, infrared components can detect and emit infrared radiation more effectively, enabling applications with increased reliability and longer battery life. This progress drives the market toward more sustainable & efficient infrared solutions across various industries.
Based on spectral range, the market is segmented into near infrared, short wavelength infrared (SWIR), medium wavelength infrared (MWIR), long wavelength infrared (LWIR), and far infrared. The LWIR segment is expected to reach over USD 1.5 billion by 2032.
Based on application, the market is segmented into thermal heating, sensing, monitoring, & detection, imaging, data transmission, and others. The imaging segment is expected to register a CAGR of over 11.5% during the forecast period.
North America dominated the global infrared emitter & receiver market in 2023 with over 35% of the total revenue share. The region has a robust presence of key players and technological innovators in industries, such as consumer electronics, automotive, and healthcare, driving the demand for infrared components. Additionally, stringent regulations regarding safety and emissions encourage the adoption of infrared technology for applications such as automotive safety systems. Moreover, North America's strong investments in research & development further propel market growth and innovations in this sector.
Rohm Semiconductor and Lite-On Technology, Inc. held a significant share of over 10% in the market in 2023. Rohm Semiconductor is a global leader in semiconductor manufacturing, providing a wide range of products for various industries. In the infrared emitter & receiver industry, it offers high-performance infrared components, including emitters, detectors, and sensor modules. These products are integral to applications such as remote controls, security systems, industrial automation, and automotive electronics. Rohm Semiconductor's offerings emphasize quality, reliability, and innovation to meet the evolving market demands.
Lite-On Technology is a provider of optoelectronic components and solutions. It offers a comprehensive range of products in the global market including infrared LEDs, photodiodes, and optical sensors. With a focus on innovation and quality, Lite-On Technology serves various industries such as automotive, consumer electronics, and industrial automation. Its solutions enable applications such as remote controls, proximity sensing, and optical communication systems.
Major players operating in the industry are:
Market, By Spectral Range
Market, By End-use Industry
Market, By Application
The above information is provided for the following regions and countries: