Increase in the adoption of IR sensors will drive the market growth during the forecast period
The infrared radiation (IR) emitter and receiver market is expected to register a CAGR of almost 7% during 2020-2024, as per the latest research report by Technavio. The report offers detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Infrared Radiation (IR) Emitter and Receiver Market 2020-2024 (Graphic: Business Wire)
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Due to the extensive spread of the virus across the globe, the Information Technology Industry is anticipated to have Mixed impact. The infrared radiation (IR) emitter and receiver market will showcase Negative impact during 2020-2024.
Infrared Radiation (IR) Emitter and Receiver Market 2020-2024: Segmentation
Infrared Radiation (IR) Emitter and Receiver Market is segmented as below:
- End-user
- Consumer Electronics
- IR Cameras and Sensors
- Remotes
- Geography
- APAC
- North America
- Europe
- South America
- MEA
APAC region will account for the highest incremental growth during the forecast period due to the growing demand for IR emitters and receivers from the automotive sector, rising adoption of computing devices, and increasing implementation of autonomous technologies in the industrial sector.
With the surging growth of COVID-19 pandemic, the Information Technology market is anticipated to have a Direct impact during the forecast period. View market snapshot before purchasing
Increase in the demand for LWIR and MWIR cameras sensors has been an instrumental factor in influencing the growth of infrared radiation (IR) emitter and receiver market. Other market drivers include shift toward discretionary spending. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, base case and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis as the spread reaches a global level and updates on market estimates
Get more insights about the global trends impacting the future of infrared radiation (IR) emitter and receiver market, Request Free Sample https://www.technavio.com/talk-to-us?report=IRTNTR43721
Infrared Radiation (IR) Emitter and Receiver Market 2020-2024: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include ams AG, FLIR Systems Inc., Honeywell International Inc., Koninklijke Philips NV, LITE-ON Technology Corp., Murata Manufacturing Co. Ltd., OSRAM Licht AG, Texas Instruments Inc., Thales Group, and Vishay Intertechnology Inc.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five Force Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Consumer electronics Market size and forecast 2019-2024
- IR cameras and sensors Market size and forecast 2019-2024
- Remotes Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ams AG
- FLIR Systems Inc.
- Honeywell International Inc.
- Koninklijke Philips NV
- LITE-ON Technology Corp.
- Murata Manufacturing Co. Ltd.
- OSRAM Licht AG
- Texas Instruments Inc.
- Thales Group
- Vishay Intertechnology Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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