The Passive infrared sensor sales are expected to increase significantly between 2022 and 2032, with a CAGR of about 15%, reaching a valuation of about US$ 1.3 billion. The primary factor propelling the worldwide infrared sensor market is the increasing utilisation of passive infrared sensors in a variety of electrical goods.
Passive infrared sensor is an electronic device that can produce light and detect motion of an infrared emitting source such as human being. Passive infrared sensor finds its application in security devices, cameras and thermal camera, spectrometers, home appliances, gas and fire detection systems, pyrometers, and temperature sensors etc.
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Global Passive Infrared Sensor Market: Drivers
Widening application area of passive infrared sensor is accelerating the growth of passive infrared sensor market. Expanding demand for motion enabled smartphones, industrial machineries, medical equipment, and military & aerospace devices, rising uptake of wireless communication, growing trends of industrial as well as home automation. Additionally, low power consumption and increasing demand for motion sensors in gaming is likely to fuel the growth of the global passive infrared sensor market during the forecast period.
Global Passive Infrared Sensor Market: Restraints
Some of the restraints which are hindering the growth of global passive infrared sensor market to some extent are availability of alternative sensors at lower price and inability of passive infrared sensor to detect objects moving at very slow speed.
Global Passive Infrared Sensor Market: Competitive Landscape
Key players in the global passive infrared sensor market focus on product innovation and introduction of new enhance products in order to outperform competitors. Major companies in the global passive infrared sensor market concentrate on expanding footprints across the world so as to enhance their customer base as well as profit margin.
Furthermore, high investment on research and development activities is another major strategy followed by major players in the global passive infrared sensor market. For example, General Dynamics Corporation invested 1.2% of its total revenue during fiscal year 2014 i.e. US$ 358 Mn in research & development (R&D) activities in order to enhance the efficiency of its business operations and foster innovation in product development.
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Global Passive Infrared Sensor Market: Key Players
Some of the major players identified in the global passive infrared sensor market are Axis Communications AB, General Dynamics Corporation, Bosch security systems ltd., Current Corporation, Atmel Corporation, Elmos Semiconductor AG, Cypress Semiconductor, Epson Toyocom Corporation, Honeywell International Inc. and STMicroelectronics N.V. etc.
Regional analysis for Passive Infrared Sensor Market includes
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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Key Segments Profiled in the Passive Infrared Sensor Industry Survey
By Device:
- Smoke Detector
- Heat Detector
- Motion Controller
- Other Devices
By Range:
- Short Wave Passive Infrared Sensor
- Mid Wave Passive Infrared Sensor
- Long Wave Passive Infrared Sensor
By Application:
- Consumer Electronics
- Smartphones and Smart Mobile Devices
- Cameras
- Other Electronic
- Healthcare
- Industrial
- Automotive
- Defense and Aerospace
Related Link :
https://futuremarketblog.blogspot.com/2022/11/natural-language-processing-nlp-market.html
https://gist.github.com/Pallavikhalane/eb7a1f188ab63e4a7e979e29d319d0ea
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