Infrared Emitter & Receiver Market 2020 With 11.3% & 7.2% CAGR Driven by Security & Surveillance Industry

Press Release   •   May 13, 2016 11:01 EDT

The infrared emitter and infrared receiver markets are expected to reach $867.1 million and $298.4 million, respectively, by 2020, growing at a CAGR of 11.3% and 7.2%, respectively, between 2015 and 2020. The major driver for the growth of the infrared emitter & receiver market is the high rate of adoption of infrared-based security systems such as CCTV cameras for security & surveillance and also the growing market for touch-based interactive products in consumer electronics. Complete report on infrared emitter and infrared receiver market spread across 159 pages, profiling 12 companies and supported with 90 tables and 72 figures is now available at http://www.rnrmarketresearch.com/infrared-emitter-receiver-market-by-spectral-range-near-ir-swir-mwir-lwir-and-far-ir-vertical-automotive-industrial-military-aerospace-others-application-geography-global-trend-forecast-to-2020-market-report.html .

The infrared emitter & receiver market in the security & surveillance sector is expected to grow at the highest rate. The applications in the security sector include surveillance cameras that use infrared receivers for detection in lowlight conditions; the market in this sector is mainly driven by the demand for IR-based LEDs. Receivers have decoders to convert the IR signal into a form that is comprehendible for a user. Infrared-based systems are used in a variety of applications for convenience as well as industrial purposes. Infrared-based sensors are integrated in machines, tools, and cameras among others. IR emitters and receivers are also used in the automotive sector for anti-theft systems as well as electronic steering control (ESC). Apart from automotive, they have applications in security & surveillance, military & aerospace, consumer electronics, telecommunication, industrial, and healthcare sectors among others.

The report on the infrared emitter & receiver market analyzes the complete value chain and explains in detail the major segments and subsegments of the market. The market for infrared emitter & receiver has been segmented based on spectral range, vertical, and application, and is discussed in detail along with the current market size and future projections in terms of value. This report also analyzes market trends and technologies in the infrared emitter & receiver market along with factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

The growth of infrared emitter & receiver market is propelled by the increasing usage of infrared-based technologies in the automotive sector. The application of infrared radiation in the automotive industry is widespread since its introduction. It has been used in heating for manufacturing automotive parts. Furthermore, there is a growing interest in the adoption of night vision and infrared-based sensors for automotive applications such as electronic steering control and vehicle detection for parking. Infrared receivers are devices which are fitted with IR sensors which send and receive information from a remotely-controlled IR emitter to another IR device by receiving and decoding signals in the IR spectrum.

The report also profiles the major players in the infrared emitter & receiver market. Some of the major players in this market are Vishay Inter technologies (U.S.), Rohm Semiconductors (Japan), Honeywell International, Inc. (U.S.), Hamamatsu Corp. (Japan), Texas Instruments. (U.S.), Lite-ON Technologies (U.S.), Osram Licht AG (Germany), Royal Philips (Netherlands), FLIR Systems (U.S.), and Cree, Inc. (U.S.). The geographic segmentation covers the four major regions of the world, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). Make an Inquiry on “Infrared Emitter & Receiver Market by Spectral Range (Near IR, SWIR, MWIR, LWIR, and FAR IR), Vertical (Automotive, Industrial, Military & Aerospace, & Others), Application & Geography - Global Trend & Forecast to 2020”research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=441599 .

On a related note, another research titled Optoelectronic Components Market Global Forecast to 2020 says, the optoelectronic components market is expected to reach USD 55.53 billion by 2020, at a CAGR of 9.41% from 2015 to 2020. The market for laser diodes is expected to grow at the highest CAGR of 12.98% from 2015 to 2020; this growth can be attributed to their increasing usage in telecommunication, consumer electronics, and industrial verticals. Companies like Cree, Inc. (U.S.), OsramLicht AG (Germany), Vishay Intertechnology, Inc. (U.S.), ON Semiconductor (U.S.), OmniVision Technologies, Inc. (U.S.), Sony Corporation (Japan), Sharp Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), and Koninklijke Philips N.V. (Netherlands) have been profiled in this 175 pages research report available at http://www.rnrmarketresearch.com/optoelectronic-components-market-by-component-led-laser-diode-image-sensor-application-residential-and-commercial-consumer-electronics-industrial-healthcare-and-geography-north-america-europe-apac-and-row-global-forecast-to-2-market-report.html .

Explore more reports on Electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .

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