Infrared Emitter & Receiver Market Size

Infrared Emitter & Receiver Market Size

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.

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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.
 

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.