Infrared radiation (IR) emitter and receiver market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 11, 2023 /PRNewswire/ -- According to Technavio, the global infrared radiation (IR) emitter and receiver market size is estimated to grow by USD 701.11 million from 2022 to 2027. The market is expected to grow at a CAGR of 5.28% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 55% of the growth of the global market during the forecast period. 

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Global infrared radiation (IR) emitter and receiver market - Five forces
The global infrared radiation (IR) emitter and receiver market is fragmented, and the five forces analysis covers – 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For interpretation of Porter's five forces model – buy the report!

Global infrared radiation (IR) emitter and receiver market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global infrared radiation (IR) emitter and receiver market - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (consumer electronics, IR cameras and sensors, and remotes) and application (thermal heating, sensing monitoring and detection, imaging, data transmission, and others). 

• Consumer electronics will grow at a significant rate during the forecast period. Moreover, the growing affordability of products such as smartphones is driving the global infrared radiation (IR) emitter and receiver market. The adoption of advanced technologies is increasing with the rise in purchasing power. Advances in technology have eased the integration of miniature IR sensors into compact electronic devices such as smaller smartphones. These factors, in turn, will fuel the segment's growth during the forecast period.

Geography overview
Based on geography, the global infrared radiation (IR) emitter and receiver market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global infrared radiation (IR) emitter and receiver market.

• APAC is estimated to account for 55% of the growth of the global market during the forecast period. The adoption of infrared sensors is high in the region, owing to the presence of a large number of LED diode and IC manufacturers in countries such as China, Japan, and Taiwan. APAC is a global manufacturing hub of consumer electronic devices and other industrial products that need infrared emitters and receivers. IR sensors are extensively used in the manufacturing and testing of automotive parts. The increasing production of cars in APAC will drive the adoption of IR sensors. This, in turn, will propel the growth of the IR emitter and receiver market in the region during the forecast period.

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Global infrared radiation (IR) emitter and receiver market – Market dynamics
Key factor driving market growth

• The increasing adoption of IR sensors is driving the growth of the global infrared radiation (IR) emitter and receiver market. 
• The prices of IR sensors are declining, which is increasing their demand in APAC. This, in turn, will enable vendors to increase production capacity and reduce IR sensor fixed costs or units.
• With rapid technological advances, IR sensors are being used in surveillance, automotive manufacturing and testing, gas and fire detection, IR spectroscopy, food and pesticide quality control, and other commercial imaging applications.
• Thus, the increasing demand for IR sensors will drive the demand for IR transmitters and receivers during the forecast period.

Leading trends influencing the market 

• The rising investments in autonomous cars are a key trend in the market. 
• Autonomous vehicles integrate numerous electronic devices, including forward collision warning, lane departure warning, front-view camera systems, backup aid, autonomous brake systems, optical encoders, and LiDAR scanning.
• These cars require sophisticated LiDAR systems to automatically control vehicle speed, distance, and braking.
• LiDAR systems integrate various components, including IR sensors and camera systems.
• During the projection period, investments in autonomous vehicles will fuel the demand for IR emitters and receivers.

Major challenges hindering market growth

• The high cost of InGaAs technology is challenging the growth of the market. 
• The short-wave infrared (SWIR) cameras use InGaAs technology for spectroscopic analyses owing to the high-peak wavelength of emitted light and the quantum efficiency of these sensors. 
• The InGaAs sensor architecture combines the silicon-based CMOS readout circuit with an InGaAs photosensitive array for the wavelength sensitivity of the sensor. However, this process is complex, time-consuming, and expensive.
• Thus, the high production cost of the InGaAs technology-based sensors can impede the adoption of IR sensors, which will adversely affect the global infrared radiation (IR) emitter and receiver market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this infrared radiation (IR) emitter and receiver market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the infrared radiation (IR) emitter and receiver market between 2023 and 2027
• Precise estimation of the size of the infrared radiation (IR) emitter and receiver market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the infrared radiation (IR) emitter and receiver market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of infrared radiation (IR) emitter and receiver market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global infrared radiation (IR) emitter and receiver market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global infrared radiation (IR) emitter and receiver market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Consumer electronics - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)

• 6.4 IR cameras and sensors - Market size and forecast 2022-2027 
• Exhibit 38: Chart on IR cameras and sensors - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on IR cameras and sensors - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on IR cameras and sensors - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on IR cameras and sensors - Year-over-year growth 2022-2027 (%)

• 6.5 Remotes - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Remotes - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Remotes - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Remotes - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Remotes - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Thermal heating - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Thermal heating - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Thermal heating - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Thermal heating - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Thermal heating - Year-over-year growth 2022-2027 (%)

• 7.4 Sensing monitoring and detection - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Sensing monitoring and detection - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Sensing monitoring and detection - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Sensing monitoring and detection - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Sensing monitoring and detection - Year-over-year growth 2022-2027 (%)

• 7.5 Imaging - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Imaging - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Imaging - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Imaging - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Imaging - Year-over-year growth 2022-2027 (%)

• 7.6 Data transmission - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Data transmission - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Data transmission - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Data transmission - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Data transmission - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 71: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 113: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 ams AG
• Exhibit 124: ams AG - Overview
• Exhibit 125: ams AG - Business segments
• Exhibit 126: ams AG - Key news
• Exhibit 127: ams AG - Key offerings
• Exhibit 128: ams AG - Segment focus

• 12.4 Excelitas Technologies Corp. 
• Exhibit 129: Excelitas Technologies Corp. - Overview
• Exhibit 130: Excelitas Technologies Corp. - Product / Service
• Exhibit 131: Excelitas Technologies Corp. - Key offerings

• 12.5 Fluke Corp.
• Exhibit 132: Fluke Corp. - Overview
• Exhibit 133: Fluke Corp. - Product / Service
• Exhibit 134: Fluke Corp. - Key offerings

• 12.6 Hamamatsu Photonics KK 
• Exhibit 135: Hamamatsu Photonics KK - Overview
• Exhibit 136: Hamamatsu Photonics KK - Business segments
• Exhibit 137: Hamamatsu Photonics KK - Key offerings
• Exhibit 138: Hamamatsu Photonics KK - Segment focus

• 12.7 Heraeus Holding GmbH
• Exhibit 139: Heraeus Holding GmbH - Overview
• Exhibit 140: Heraeus Holding GmbH - Product / Service
• Exhibit 141: Heraeus Holding GmbH - Key offerings

• 12.8 Honeywell International Inc. 
• Exhibit 142: Honeywell International Inc. - Overview
• Exhibit 143: Honeywell International Inc. - Business segments
• Exhibit 144: Honeywell International Inc. - Key news
• Exhibit 145: Honeywell International Inc. - Key offerings
• Exhibit 146: Honeywell International Inc. - Segment focus

• 12.9 Leonardo DRS Inc.
• Exhibit 147: Leonardo DRS Inc. - Overview
• Exhibit 148: Leonardo DRS Inc. - Product / Service
• Exhibit 149: Leonardo DRS Inc. - Key offerings

• 12.10 LITE ON Technology Corp. 
• Exhibit 150: LITE ON Technology Corp. - Overview
• Exhibit 151: LITE ON Technology Corp. - Business segments
• Exhibit 152: LITE ON Technology Corp. - Key offerings
• Exhibit 153: LITE ON Technology Corp. - Segment focus

• 12.11 Murata Manufacturing Co. Ltd. 
• Exhibit 154: Murata Manufacturing Co. Ltd. - Overview
• Exhibit 155: Murata Manufacturing Co. Ltd. - Business segments
• Exhibit 156: Murata Manufacturing Co. Ltd. - Key news
• Exhibit 157: Murata Manufacturing Co. Ltd. - Key offerings
• Exhibit 158: Murata Manufacturing Co. Ltd. - Segment focus

• 12.12 ROHM Co. Ltd.
• Exhibit 159: ROHM Co. Ltd. - Overview
• Exhibit 160: ROHM Co. Ltd. - Business segments
• Exhibit 161: ROHM Co. Ltd. - Key news
• Exhibit 162: ROHM Co. Ltd. - Key offerings
• Exhibit 163: ROHM Co. Ltd. - Segment focus

• 12.13 Teledyne Technologies Inc. 
• Exhibit 164: Teledyne Technologies Inc. - Overview
• Exhibit 165: Teledyne Technologies Inc. - Business segments
• Exhibit 166: Teledyne Technologies Inc. - Key news
• Exhibit 167: Teledyne Technologies Inc. - Key offerings
• Exhibit 168: Teledyne Technologies Inc. - Segment focus

• 12.14 Texas Instruments Inc. 
• Exhibit 169: Texas Instruments Inc. - Overview
• Exhibit 170: Texas Instruments Inc. - Business segments
• Exhibit 171: Texas Instruments Inc. - Key news
• Exhibit 172: Texas Instruments Inc. - Key offerings
• Exhibit 173: Texas Instruments Inc. - Segment focus

• 12.15 Thales Group
• Exhibit 174: Thales Group - Overview
• Exhibit 175: Thales Group - Business segments
• Exhibit 176: Thales Group - Key offerings
• Exhibit 177: Thales Group - Segment focus

• 12.16 Toshiba Corp.
• Exhibit 178: Toshiba Corp. - Overview
• Exhibit 179: Toshiba Corp. - Business segments
• Exhibit 180: Toshiba Corp. - Key offerings
• Exhibit 181: Toshiba Corp. - Segment focus

• 12.17 Vishay Intertechnology Inc. 
• Exhibit 182: Vishay Intertechnology Inc. - Overview
• Exhibit 183: Vishay Intertechnology Inc. - Business segments
• Exhibit 184: Vishay Intertechnology Inc. - Key news
• Exhibit 185: Vishay Intertechnology Inc. - Key offerings
• Exhibit 186: Vishay Intertechnology Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 187: Inclusions checklist
• Exhibit 188: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 189: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 190: Research methodology
• Exhibit 191: Validation techniques employed for market sizing
• Exhibit 192: Information sources

• 13.5 List of abbreviations 
• Exhibit 193: List of abbreviations

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