Infrared Emitter & Receiver Market Worth 1.16 Billion USD by 2020

PUNE, India, December 7, 2015 /PRNewswire/ --

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.

Browse 90 market data Tables and 72 Figures spread through 159 Pages and in-depth TOC on "Infrared Emitter & Receiver Market"

http://www.marketsandmarkets.com/Market-Reports/infrared-emitter-receiver-market-232974574.html
Early buyers will receive 10% customization on this report.

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.

Ask For PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=232974574

One of the objectives of the report is to analyze the market trends for each of the infrared emitter & receiver market segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses such as the Porter's Five Forces analysis, value chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges for the infrared emitter & receiver market.

Browse Related Reports 

Infrared Thermography Market in Building Inspection by Application (Energy Auditing, Building Performance, & Others), Building Type (Residential, Commercial, & Others), Platform (Hardware & Software), & Geography - Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/thermography-building-inspection-market-194389420.html

Optoelectronic Components Market by Component (LED, Laser Diode, Image Sensor), Application (Residential and Commercial, Consumer Electronics, Industrial, Healthcare), and Geography (North America, Europe, APAC, and RoW) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/optoelectronics-market-450.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connect over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arriving and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Mr. Rohan
Markets and Markets  
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets