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Infrared Sensors - Global Market Trajectory & Analytics

  • ID: 4805782
  • Report
  • April 2021
  • Region: Global
  • 283 pages
  • Global Industry Analysts, Inc
Global Infrared Sensors Market to Reach $918.1 Million by 2027

Amid the COVID-19 crisis, the global market for Infrared Sensors estimated at US$482.5 Million in the year 2020, is projected to reach a revised size of US$918.1 Million by 2027, growing at a CAGR of 9.6% over the period 2020-2027. Uncooled Infrared Sensors, one of the segments analyzed in the report, is projected to record 8.4% CAGR and reach US$713.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cooled Infrared Sensors segment is readjusted to a revised 15.3% CAGR for the next 7-year period.



The U.S. Market is Estimated at $130.5 Million, While China is Forecast to Grow at 12.8% CAGR

The Infrared Sensors market in the U.S. is estimated at US$130.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$191.7 Million by the year 2027 trailing a CAGR of 12.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 8.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.

Select Competitors (Total 46 Featured):
  • DRS Technologies, Inc.
  • Excelitas Technologies Corporation
  • FLIR Systems, Inc.
  • General Dynamics Mission Systems, Inc.
  • Hamamatsu Photonics KK
  • L-3 Communications Holdings, Inc.
  • MicroStrategy, Inc.
  • Murata Manufacturing Co., Ltd.
  • Nippon Avionics Co., Ltd.
  • Omron Corporation
  • Raytheon Company
  • Sofradir Group
  • Testo SE & Co. KGaA
  • Texas Instruments, Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
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