PUNE, India -- According to a new market research report "Infrared Emitter & Receiver Market by Spectral Range (Near IR, SWIR, MWIR, LWIR, and FAR IR), Vertical (Automotive, Industrial, Military & Aerospace, & Others), Application & Geography - Global Trend & Forecast to 2020", published by MarketsandMarkets, the Global market is expected to reach USD 1.16 Billion by 2020, growing at a CAGR of 10.18% between 2014 and 2020.
Increasing usage of infrared technology in security & surveillance systems is the leading cause of growth in the infrared emitters & receivers market.
With the increasing usage of infrared technologies such as thermal imaging and night vision in the security & surveillance industry, the requirement for infrared emitters in the security & surveillance systems is expected to grow along with the growth in the overall security & surveillance market. Infrared emitters & receivers are used in various applications in security & surveillance for IR illuminators, security cameras, night vision cameras, thermal imaging cameras, and so on. With the rising threat of terrorism, the expenditure on security & surveillance systems is seeing a very steady rise, the adoption of surveillance and security cameras is rapidly rising in major public and private institutions. This, in turn, leads to a very high demand for IR emitters and receivers within the security & surveillance industry.
Gesture recognition & touchless sensing are high-growth areas for the sensing, monitoring, and detection application of infrared emitter & receiver
Infrared technologies are used massively for sensing, monitoring, & detection. Infrared sensors are used in industrial applications for temperature sensing and process monitoring as well as consumer applications such as touchscreens, proximity sensors, and so on. Most of the consumer applications work with a combination of IR emitters and receivers, through reflective sensing, as the technology used to "detect" the heat radiated out of a body is expensive. One of the major drivers for the infrared emitters and receivers is the growth in gesture recognition systems, as a significant portion of gesture recognition and touchless sensing applications are based on infrared technology. Currently, gesture recognition is showing significant growth owing to its high rate of adoption in interactive media and entertainment systems such as video games.
Emerging markets in Asia-Pacific are likely to dominate the infrared emitter & receiver market owing to the growing spending on security & surveillance as well as consumer electronics.
Countries in Asia-Pacific such as Taiwan, China, and South Korea constitute the bulk of manufacturing infrared emitters & receivers and are also the major consumers of infrared emitters & receivers. This is because most manufacturers of products which use these components are also based in Asia-Pacific. Moreover, given the rapidly growing economies of India and China, the region is also witnessing the highest growth rate in the infrared emitter & receiver market.
The major market players covered in this report include Osram Licht AG (Germany), Vishay Intertechnology, Inc. (U.S.), Rohm Semiconductors (Japan), FLIR Systems (U.S.), Texas Instruments (U.S.), Lite-On Technology (U.S.), Royal Philips N.V. (Netherlands), Honeywell International (U.S.), Cree, Inc. (U.S.), and Murata Manufacturing (Japan).
This report details the segmentation of the Infrared Emitter & Receiver Market on the basis of industry vertical, application, and geography and covers all the existing and emerging technologies in the infrared emitter & receiver market. The report covers the major industry verticals of the infrared emitter & receiver market such as automotive, industrial, security & surveillance, military & aerospace, healthcare, and others, providing qualitative as well as quantitative industry insights.
Browse 90 market data Tables and 72 Figures spread through 159 Pages and in-depth TOC on "Infrared Emitter & Receiver Market" at http://www.marketsandmarkets.com/Market-Reports/infrared-emitter-receiver-market-232974574.html?utm_source=PRnewswire&utm_medium=Referral&utm_campaign=PaidPR
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