Global IR Emitter & Receiver Market – Industry Analysis and Forecast (2019-2027)

Global IR emitter & receiver market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 11.5% during the forecast period.

Global IR Emitter & Receiver MarketThe report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Market Definition

Infrared (IR) emitters and receivers are used in an infrared system to operate and control devices by sending signals, wirelessly or remotely. IR emitters and receivers use infrared light in an electromagnetic spectrum and are most widely used in the wireless communication technology applications.

Market Dynamics

A growing market for wireless communication technology and IR LED diodes across the globe is the major driving factor behind the growth of the market. Rapid growth in the automotive industry, a surge in the demand of IR LEDs in the surveillance technology, declining costs of IR receivers, rising adoption of IR emitters and receivers in military applications such as in night vision technology, escalating demand for IR cameras and increasing adoption of smart home appliances such as smart TVs and other smart connected devices are expected to improve the growth of the market during the forecast period.

However, availability of alternative wireless communication technologies and inability to control remote objects through wall or doors are the major restraining factors that could restrict the growth of the market.

Global IR Emitter & Receiver Market: Segmentation Analysis

By application, sensing, monitoring, and detection segments dominated the market in 2019 and are expected to maintain their dominance at a CAGR of XX% during the forecast period. An increasing demand for infrared based systems and sensors in various industries such as consumer electronics, industrial and security & surveillance is attributed to the growth of the market. Rising adoption of IR emitters and receivers in TV and TV remote for sensing application to sense modulated IR signals and to convert them into electrical signal is expected to expand market growth during the forecast period.

By industry, consumer electronic segment dominated the market in 2019 and is expected to keep its dominance at a CAGR of XX% during the forecast period. A surge in the adoption of IR emitter and receivers in applications such as in light detecting part of remote control, smart home appliances such as fan, lighting, air-conditioner, etc, CATV set top boxes, audio-video instruments such as Audio, MD, VCR, TV, CD, etc, multimedia devices and in other devices with wireless remote control applications are attributed to the growth of the market. However, security and surveillance segment is witnessing high growth at a CAGR of XX%. An increasing adoption of IR emitters & receivers in thermal imaging, security camera, and night vision applications, increasing awareness about security and surveillance systems and massive availability of IR technology-based security cameras are the key factors in the expansion of the market.

Global IR Emitter & Receiver Market: Regional Analysis

Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The developing economies such as China, Japan, South Korea, and India are the major key contributors behind the growth of the market. The growth is attributed to the escalating adoption of various consumer electronics products, thus growing market for consumer electronics industry across the region.

An increasing significance of IR emitter and receivers in automotive sector, high adoption of TVs with remote controls, the massive presence of major OEMs of a variety of IR related products and rising adoption in mobile and smart home applications are driving the growth of the market in APAC region.

A rising number of set top box users and television users and growing market for media and entertainment industry across the high populous countries such as India and China are expected to impel the growth of the market. According to MMR study, the Indian television market is accounted for US$10.11 billion in 2018 and is estimated to grow at a CAGR of 13% during the forecast period, which will ultimately propel the IR emitter and receiver market growth.

The objective of the report is to present a comprehensive analysis of the Global IR Emitter & Receiver Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global IR Emitter & Receiver Market dynamics, structure by analyzing the market segments and projects the Global IR Emitter & Receiver Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global IR Emitter & Receiver Market make the report investor’s guide.

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Scope of Global IR Emitter & Receiver Market

Global IR Emitter & Receiver Market, By Spectral Range

• Near IR
• Short-Wavelength Infrared (SWIR)
• Middle-Wavelength Infrared (MWIR)
• Long-Wavelength Infrared (LWIR)
• Far IR
Global IR Emitter & Receiver Market, By Application

• Thermal Heating
• Sensing
• Monitoring & Detection
• Imaging
• Others
Global IR Emitter & Receiver Market, By Industry

• Automotive
• Military & Aerospace
• Consumer Electronics
• Telecommunication
• Industrial
• Healthcare
• Security & Surveillance
• Others
Global IR Emitter & Receiver Market, By Region

• North America
 US
 Canada
• Europe
 UK
 France
 Germany
 Italy
 Spain
 Norway
 Russia
• Asia Pacific
 China
 India
 Japan
 South Korea
 Australia
 Malaysia
 Indonesia
• South America
 Brazil
 Mexico
 Argentina
• Middle East and Africa
Global IR Emitter & Receiver Market, Key Players

• Murata Manufacturing Co., Ltd
• Texas Instruments Inc
• Cree Inc
• Honeywell International, Inc
• OSRAM
• Opto Semiconductors GmbH
• LITE-ON TECHNOLOGY CORPORATION
• FLIR Systems
• Rohm Semiconductor
• Future Electronics
• Vishay Intertechnology
• Wurth Elektronik
• Broadcom
• CML Innovative Technologies, Inc
• Kingbright
• XX
• XX

 

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