Infrared Radiation (IR) Emitter And Receiver Market size is set to grow by USD 677 million from 2024-2028

The global infrared radiation (IR) emitter and receiver market size is estimated to grow by USD 677 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.92% during the forecast period. Increase in adoption of ir sensors is driving market growth, with a trend towards integration of ir cores into smartphones. However, high cost of ingaas technology poses a challenge.

The integration of infrared (IR) sensors in smartphones is on the rise due to cost reduction and sensor miniaturization. This trend is driven by the reduction of sensor die size, wafer-level packaging techniques, 3D integration, and application-specific integrated circuits (ASICs). IR sensors have various applications such as spot temperature measurement, photo editing, and thermal layer adjustment. With the increasing sales of smartphones, expected to surpass two billion units by the end of the forecast period, the demand for IR emitters and receivers is anticipated to grow significantly. This growth can be attributed to the cost savings from sensor miniaturization and the multifunctionality of IR sensors in mobile devices.

The Infrared (IR) emitter and receiver market is experiencing significant growth due to increasing trends in surveillance, digitalization, and various industry verticals. The armed forces and automotive sector are major consumers, utilizing IR technology for night vision and thermal imaging. The entertainment industry, including television, DVD players, and AC remote controls, also contributes to the market's expansion. Emerging economies with growing disposable incomes are expected to boost demand for IR imaging devices, sensors, and fire detection systems. In the manufacturing sector, IR sensors are used for automation and material modeling. The strategic market includes security and defense against terrorism, requiring advanced IR imaging technology for surveillance securities. Heat processes, motion tracking, and controller communication in IoT devices, gaming consoles, virtual reality, and smart home devices further expand the market's reach.