A Drop in Infrared Sensor Prices Drives Market Growth

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Research and Markets has announced the addition of the "Global Infrared Sensor Market 2015-2019"report to their offering.

The global IR sensors market to grow at a CAGR of 11.14% over the period 2014-2019

The report, Global Infrared Sensors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, the Americas, Europe, and ROW; it also covers the landscape of the global IR sensors market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.

Since IR sensors are not affected by electrical noise, their use is increasing in industrial applications. They are used to measure thermal radiation emitted from powerful motors and equipment without being in contact with them. The use of IR sensors is also increasing in surveillance systems used by the military and at residences.

The integration of IR cores in smartphones is increasing the prospects of the IR sensors market. The decline in IR sensor prices and demand for highly functional smartphones will have a positive combined effect on IR sensor adoption. The use of wafer-level packaging technology during the manufacturing of IR sensors has helped vendors reduce production costs.

According to the report, the decline in IR sensor prices is driving market growth. Lower prices are increasing its adoption in consumer electronic equipment and communications devices. Advancements in packaging technology, such as micro-electro-mechanical systems (MEMSs) and 3D integrated circuits, have helped the industry reduce the size, power consumption, and cost of sensors. This has helped original equipment manufacturers (OEMs) to integrate IR sensors with smartphones, tablet PCs, televisions, fans, air conditioners, DVD players, ovens, and other commercial devices all without compromising on design and cost.

Further, the report states that due to the high production cost of IR sensors based on InGaAs, the adoption rates of gas and fire detection equipment are falling in the residential sector. The dependency of IR sensors on IR rays is a technical challenge for vendors.