IR Emitter & Receiver Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2030
Overview
The IR Emitter & Receiver Market size was valued at USD 2.5 Billion in 2023 and the total IR Emitter & Receiver revenue is expected to grow at a CAGR of 4.10% from 2024 to 2030, reaching nearly USD 3.31 Billion.
The 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.
Global IR emitter & receiver 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.
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Global IR emitter & receiver 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 2023 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 2023 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 2023 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 USD 2.5 billion in 2023 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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| IR Emitter & Receiver Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 2.5 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 4.10% | Market Size in 2030: | USD 3.31 Bn. |
| Segments Covered: | by Spectral Range | Near IR Short-Wavelength Infrared (SWIR) Middle-Wavelength Infrared (MWIR) Long-Wavelength Infrared (LWIR) Far IR |
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| by Application | Thermal Heating Sensing Monitoring & Detection Imaging Others |
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| by Industry | Automotive Military & Aerospace Consumer Electronics Telecommunication Industrial Healthcare Security & Surveillance Others |
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Global IR Emitter & Receiver Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Global IR Emitter & Receiver Market, Key Players
1. Murata Manufacturing Co., Ltd
2. Texas Instruments Inc
3. Cree Inc
4. Honeywell International, Inc
5. OSRAM
6. Opto Semiconductors GmbH
7. LITE-ON TECHNOLOGY CORPORATION
8. FLIR Systems
9. Rohm Semiconductor
10. Future Electronics
11. Vishay Intertechnology
12. Wurth Elektronik
13. Broadcom
14. CML Innovative Technologies, Inc
15. Kingbright
Frequently Asked Questions:
1. Which region has the largest share in Global IR Emitter & Receiver Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What is the growth rate of Global IR Emitter & Receiver Market?
Ans: The Global IR Emitter & Receiver Market is growing at a CAGR of 4.10% during forecasting period 2024-2030.
3. What is scope of the Global IR Emitter & Receiver Market report?
Ans: Global IR Emitter & Receiver Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global IR Emitter & Receiver Market?
Ans: The important key players in the Global IR Emitter & Receiver Market are – 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, and Kingbright.
5. What is the study period of this Market?
Ans: The Global IR Emitter & Receiver Market is studied from 2023 to 2030.