The global sales of passive infrared sensors are projected to grow at a prolific CAGR of around 15% between 2022 and 2032, totaling a valuation of around USD 1.3 Billion by 2032. Rising adoption of passive infrared sensors in a wide range of electronic products is the main force driving the global infrared sensor market.
| Report Attributes | Details |
|---|---|
| Estimated Base Year Value (2021) | USD XX Billion |
| Expected Market Value (2022) | USD XX Billion |
| Anticipated Forecast Value (2032) | USD 1.3 Billion |
| Projected Growth Rate (2022 to 2032) | 15% CAGR |
Passive infrared (PIR) sensor is an electronic device that measures infrared light emitted or reflected from objects in the surrounding environment. These sensors are particularly ideal for detecting the presence of human beings, animals and other objects in its proximity.
Most of the objects (with a temperature above absolute zero) present in the environment emit heat energy which is not visible to the human eye. However, these electromagnetic radiations can be detected by electronic devices like passive infrared sensors.
PIR sensors are being extensively used in security alarms and automatic lighting systems. They are usually fixed on circuit boards containing necessary components required for interpreting the sensor signals.
Passive infrared sensors offer various attractive features such as low energy consumption, reliability, cost effectiveness, compact nature, and their ability to detect motion in day as well as night time. Thanks to these benefits, they find their application in gadgets and appliances used in businesses and homes.
Rapid expansion of consumer electronics industry along with increasing penetration of infrared detectors in gas analysis, fire detection, motion sensors and non-contact temperature measurement applications, is anticipated to generate huge demand for passive infrared sensors during the forecast period.
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Increasing application area of passive infrared sensors, growing demand for consumer electronics, technological advancements in passive infrared sensors, and rising need for superior security and surveillance solutions are some of the major factors driving the passive infrared sensor market.
During the last few decades, passive infrared sensors have gained immense traction in a wide range of applications due to their ability to detect heat energy radiating from various sources including human beings and animals. They are being extensively in security devices, spectrometers, cameras, fire detection systems, pyrometers, temperature and smoke sensors, medical equipment, and various home appliances.
Passive infrared sensors have become ideal alternatives to various traditional sensors due to their higher accuracy and low consumption features
The robust expansion of residential and commercial sectors due to rapid urbanization and industrialization has provided a strong thrust to the growth of passive infrared sensor market and the trend is likely to continue in the future.
People are spending large amounts to integrate automation in homes and industries. Various modern systems and home appliances such as automated door opening systems, smart lighting systems, motion detectors, fire detection systems etc. use passive infrared sensors.
Increasing incidence of burglaries and security breaches worldwide has necessitated the adoption of advanced security and surveillance systems in residential and commercial buildings. As a result, home owners and security agencies are increasingly deploying cameras and motion sensors at different locations. This is anticipated to create lucrative growth opportunities within the passive infrared sensor market during the forecast period.
Similarly, increasing penetration of 5G technology along with rising integration of infrared cameras in automotive and several other equipment will further expand the size of passive infrared sensor market in the future.
In addition, growing adoption of PIR sensors for motion sensing applications in the gaming sector will further escalate the demand for passive infrared sensors over the assessment period.
Despite its growing popularity, passive infrared sensor market is facing various challenges that are likely to slow down its growth. Some of the major restraints that are currently hindering the growth of passive infrared sensor market are the availability of alternative sensors at lower prices, lower sensitivity and less coverage of passive infrared sensors as compared to microwave sensors and inability of passive infrared sensors to detect objects moving at very slow motion.
North America is anticipated to continue its dominance in the global passive infrared sensor market during the forecast period, owing to the rising adoption of passive infrared motion sensors in security and surveillance systems, presence of leading market players, and surging demand for motion-controlled devices and equipment.
Countries such as the United States and Canada are witnessing huge demand for passive infrared sensors due to their low cost and energy efficient nature. These sensors are being increasingly integrated in gas selection systems, fire detection systems, security alarm systems and several other motion detection applications.
Moreover, growing popularity of autonomous vehicles and robots will further boost the sales of passive infrared sensors in the region during the forecast period.
According to Market Insights, the passive infrared sensor market in Asia pacific is slated to grow at the fastest CAGR over the forecast period from 2022 to 2032. Growth in the Asia Pacific market is driven by flourishing consumer electronics and construction industries, availability of low-cost products, and increasing investments in security and surveillance infrastructure.
During the last few years there has been a substantial increase in the demand for passive infrared sensors from electronics, construction and defense sectors across Asia Pacific countries. These passive infrared sensors find their applications in smart lighting systems, security alarms, automated door opening systems, and military equipment.
With increasing spending by people on building smart homes coupled with rising need for advanced detection systems in defense sector, sales of passive infrared sensors are projected to grow at a stellar pace during the forecast period.
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Some of the key participants present in the global passive infrared sensor market include Axis Communications AB, General Dynamics Corporation, Honeywell International Inc, Current Corporation, Atmel Corporation, Cypress Semiconductor, Espon Toyocom Corporation, STMicroelectronics N.V, Nippon Avionics Co., Ltd, Excelitas Technologies Corp., Bosch Security Systems, LLC and Elmos Semiconductor.
The presence of a large number of participants in passive infrared sensor market has made the competition fiercer. In order to stay relevant and gain a competitive edge in the market, key players are using various tactics such as product innovations, cost reduction, partnerships, acquisitions, establishment of bases in attractive regions, and investments in research and development.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 15% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Device, Range, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Axis Communications AB; General Dynamics Corporation; Honeywell International Inc.; Current Corporation; Atmel Corporation; Cypress Semiconductor; Espon Toyocom Corporation; STMicroelectronics N.V; Nippon Avionics Co., Ltd; ; Bosch Security Systems, LLC; Elmos Semiconductor |
| Customization | Available Upon Request |
FMI projects the global passive infrared sensor market to expand at a stupendous CAGR of around 15% by 2032
Asia Pacific is expected to emerge as the most opportunistic market for passive infrared sensors during the forecast period.
Axis Communications AB, General Dynamics Corporation, Honeywell International Inc, STMicroelectronics N.V, Nippon Avionics Co., Ltd, Bosch Security Systems, LLC and Elmos Semiconductor are some prominent passive infrared sensor manufacturers
| Projected Growth Rate (2022 to 2032) | 9.4% CAGR |
|---|---|
| Expected Market Value (2022) | USD 1128.0 Million |
| Anticipated Forecast Value (2032) | USD 2765.0 Million |
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