The global infrared radiation (IR) emitter and receiver market is expected to grow at a CAGR of more than 7% during the period 2018-2022, according to a new market research study by Technavio.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180123005805/en/
Technavio has published a new market research report on the global infrared radiation (IR) emitter and receiver market 2018-2022 under their hardware and semiconductor library. (Graphic: Business Wire)
The report categorizes the global IR emitter and receiver market by end-user, which includes consumer electronics, remotes, and IR cameras and sensors. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
Save more with Technavio. Buy 2 reports and get the third for free:View Technavio’s latest discounts and promotions
Market driver: growth of the consumer electronics market
The consumer electronics market is growing rapidly, with an estimated value of USD 1.2 trillion in 2016. The market is growing due to rapid technological advances. IR emitters and receivers are two major components of all consumer electronics, so much so that close to 48% of the revenue for this market can be attributed to consumer electronics.
According to a senior analyst at Technavio for semiconductor equipment research, “The increasing penetration of IoT will lead to the increased growth of consumer electronic applications in smart home automation. This, in turn, will lead to the growth of the global IR emitter and receiver market as they are essential components of MEMS-based sensors.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Market trend: advances in IR sensor development
The global IR emitter and receiver market is witnessing the development of uncooled IR sensors with pixels less than 100 x 100. Vendors are offering these uncooled sensors at a lesser price to capture a larger market. For instance, Sofradir has launched the Ulis 80p family, which it is offering at a reduced cost for large volume orders.
Geographical landscape: APAC to dominate the market
In 2017, the global IR emitter and receiver market was dominated by APAC with a market share of around 41%, followed by the Americas and EMEA. APAC has the largest penetration and adoption of infrared sensors owing to the presence of a large number or LED and IC manufacturers in countries such as China, Japan, and Taiwan. Also, APAC is a manufacturing hub of consumer electronic devices and other industrial products which require infrared LEDs.
Is your business on track for a successful future? Learn how Technavio can help
Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.
Some of the contributors in the market:
- Excelitas Technologies
- FLIR Systems
- Honeywell International
- Murata Manufacturing
The global IR emitter and receiver market has several large and small vendors. However, the market is highly fragmented with the presence of many well diversified international, regional and local vendors. The presence of local vendors ensures the availability of highly customized IR transmitters and receivers at a comparatively lower price. Technological developments will intensify the competition in the market during the forecast period.
Get a sample copy of the global IR emitter and receiver market free of cost
Access Technavio’s continuously growing semiconductor equipment research library and find expert analysis on hundreds of markets.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180123005805/en/
