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Infrared Sensors Market By Detection (Active and Passive) and By End Use (Aerospace & Defense, Automotive, Oil & Gas, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026

  • Publish On: Mar-2020
  • Total Pages: 180
  • Report Code: FAF-760
  • Base Year: 2019
  • Format:

Industry Insights

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the infrared sensors industry. The report analyzes and declares the historical and current trends analysis of the infrared sensors industry and subsequently recommends the projected trends anticipated to be observed in the Infrared Sensors market during the upcoming years.

The infrared sensors market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire infrared sensors market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the infrared sensors industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the infrared sensors industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the infrared sensors market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the infrared sensors industry. The infrared sensors market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the infrared sensors sector. Key strategic developments in the Infrared Sensors market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the infrared sensors market are appropriately highlighted in the report.

The global infrared sensor market is driven by factors such as increased safety levels and rising demand for consumer electronic products. Cooled infrared sensors rely on the cryogenic cooling mechanism in comparison with uncooled sensors. This results in substantially low, cost-effective and less complex detectors. Retail rates are expected to further improve the market. The capabilities in night vision are also analyzed to improve the demand for infrared sensors. The worldwide market for infrared sensors has been expanded by advances in vertical automation, including semiconductor and electronics, aerospace and defense and healthcare. The growing value of intelligent healthcare equipment is further driving this growth. In addition, the growing use of thermistor and sensor resistance temperatures has also resulted in the development and progress of the pharmaceutical industry. The main opportunities for a global infrared sensor market that is expected to be stable and grow at a decent range include the end-use of night-visions, hyperspectral imaging,  art restoration, and reflector imaging, climatology and meteorology,  infrared tracking, gas detectors, anesthesiology testing, astronomy, rail safety, thermosets, flama monitors and moisture testing. In addition, increasing demand for domestic automation is a key factor in the development of the global infrared sensors market.

The infrared sensors market research report delivers an acute valuation and taxonomy of the infrared sensors industry by practically splitting the market on the basis of different detection, end-use, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the infrared sensors industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the infrared sensors industry is provided for the leading economies of the world.

The infrared sensors market is segmented based on detection and end-use. On the basis of detection segmentation, the market is classified into active and passive. In terms of end-use segmentation, the market is bifurcated into Aerospace & Defense, Automotive, Oil & Gas, and Others.

Some of the essential players operating in the infrared sensors market, but not restricted to include Honeywell International Inc., Murata Manufacturing Co., Ltd., Raytheon Company, Teledyne Technologies, Omron Corporation, Texas Instruments Incorporated, and Hamamatsu Photonics K.K, among others.

The taxonomy of the infrared sensors industry by its scope and segmentation is as follows:

Global Infrared Sensors Market: By DetectionSegmentation Analysis(Customizable)

  • Active
  • Passive

Global Infrared Sensors Market: By End-Use Segmentation Analysis(Customizable)

  • Aerospace & Defence
  • Automotive
  • Oil & Gas
  • Others

Global Infrared Sensors Market: Regional Segmentation Analysis(Customizable)

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

KEY REPORT POINTERS & HIGHLIGHTS:

  • Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
  • Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
  • Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable  Segments and Sub-segments of the Market
  • Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
  • Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
  • Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
  • Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
  • Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
  • Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
  • Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
  • Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
  • The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises abuoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.

Table of Content

  1. CHAPTER 1. Executive Summary
  2. CHAPTER 2. Infrared Sensors market – Detection Analysis
    1. 2.1. Global Infrared Sensors Market – Detection Overview
    2. 2.2. Global Infrared Sensors Market Share, by Detection, 2019 & 2026 (USD Million)
    3. 2.3. Active
      1. 2.3.1. Global Active Infrared Sensors Market, 2016-2019 (USD Million)
    4. 2.4. Passive
      1. 2.4.1. Global Passive Infrared Sensors Market, 2016-2019 (USD Million)
  3. CHAPTER 3. Infrared Sensors market – End Use Analysis
    1. 3.1. Global Infrared Sensors Market – End Use Overview
    2. 3.2. Global Infrared Sensors Market Share, by End Use, 2019 & 2026 (USD Million)
    3. 3.3. Aerospace & Defense
      1. 3.3.1. Global Aerospace & Defense Infrared Sensors Market, 2016-2019 (USD Million)
    4. 3.4. Automotive
      1. 3.4.1. Global Automotive Infrared Sensors Market, 2016-2019 (USD Million)
    5. 3.5. Oil & Gas
      1. 3.5.1. Global Oil & Gas Infrared Sensors Market, 2016-2019 (USD Million)
    6. 3.6. Others
      1. 3.6.1. Global Others Infrared Sensors Market, 2016-2019 (USD Million)
  4. CHAPTER 4. Infrared Sensors market – Regional Analysis
    1. 4.1. Global Infrared Sensors Market Regional Overview
    2. 4.2. Global Infrared Sensors Market Share, by Region, 2019 & 2026 (Value)
    3. 4.3. North America
      1. 4.3.1. North America Infrared Sensors Market size and forecast, 2016-2019
      2. 4.3.2. North America Infrared Sensors Market, by Country, 2019 & 2026 (USD Million)
      3. 4.3.3. North America Infrared Sensors Market, by Detection, 2016-2019
        1. 4.3.3.1. North America Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
      4. 4.3.4. North America Infrared Sensors Market, by End Use, 2016-2019
        1. 4.3.4.1. North America Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
      5. 4.3.5. U.S.
        1. 4.3.5.1. U.S. Market size and forecast, 2016-2019 (USD Million)
      6. 4.3.6. Canada
        1. 4.3.6.1. Canada Market size and forecast, 2016-2019 (USD Million)
    4. 4.4. Europe
      1. 4.4.1. Europe Infrared Sensors Market size and forecast, 2016-2019
      2. 4.4.2. Europe Infrared Sensors Market, by Country, 2019 & 2026 (USD Million)
      3. 4.4.3. Europe Infrared Sensors Market, by Detection, 2016-2019
        1. 4.4.3.1. Europe Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
      4. 4.4.4. Europe Infrared Sensors Market, by End Use, 2016-2019
        1. 4.4.4.1. Europe Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
      5. 4.4.5. Germany
        1. 4.4.5.1. Germany Market size and forecast, 2016-2019 (USD Million)
      6. 4.4.6. France
        1. 4.4.6.1. France Market size and forecast, 2016-2019 (USD Million)
      7. 4.4.7. U.K.
        1. 4.4.7.1. U.K. Market size and forecast, 2016-2019 (USD Million)
      8. 4.4.8. Italy
        1. 4.4.8.1. Italy Market size and forecast, 2016-2019 (USD Million)
      9. 4.4.9. Spain
        1. 4.4.9.1. Spain Market size and forecast, 2016-2019 (USD Million)
      10. 4.4.10. Rest of Europe
        1. 4.4.10.1. Rest of Europe Market size and forecast, 2016-2019 (USD Million)
    5. 4.5. Asia Pacific
      1. 4.5.1. Asia Pacific Infrared Sensors Market size and forecast, 2016-2019
      2. 4.5.2. Asia Pacific Infrared Sensors Market, by Country, 2019 & 2026 (USD Million)
      3. 4.5.3. Asia Pacific Infrared Sensors Market, by Detection, 2016-2019
        1. 4.5.3.1. Asia Pacific Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
      4. 4.5.4. Asia Pacific Infrared Sensors Market, by End Use, 2016-2019
        1. 4.5.4.1. Asia Pacific Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
      5. 4.5.5. China
        1. 4.5.5.1. China Market size and forecast, 2016-2019 (USD Million)
      6. 4.5.6. Japan
        1. 4.5.6.1. Japan Market size and forecast, 2016-2019 (USD Million)
      7. 4.5.7. India
        1. 4.5.7.1. India Market size and forecast, 2016-2019 (USD Million)
      8. 4.5.8. South Korea
        1. 4.5.8.1. South Korea Market size and forecast, 2016-2019 (USD Million)
      9. 4.5.9. South-East Asia
        1. 4.5.9.1. South-East Asia Market size and forecast, 2016-2019 (USD Million)
      10. 4.5.10. Rest of Asia Pacific
        1. 4.5.10.1. Rest of Asia Pacific Market size and forecast, 2016-2019 (USD Million)
    6. 4.6. Latin America
      1. 4.6.1. Latin America Infrared Sensors Market size and forecast, 2016-2019
      2. 4.6.2. Latin America Infrared Sensors Market, by Country, 2019 & 2026 (USD Million)
      3. 4.6.3. Latin America Infrared Sensors Market, by Detection, 2016-2019
        1. 4.6.3.1. Latin America Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
      4. 4.6.4. Latin America Infrared Sensors Market, by End Use, 2016-2019
        1. 4.6.4.1. Latin America Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
      5. 4.6.5. Brazil
        1. 4.6.5.1. Brazil Market size and forecast, 2016-2019 (USD Million)
      6. 4.6.6. Mexico
        1. 4.6.6.1. Mexico Market size and forecast, 2016-2019 (USD Million)
      7. 4.6.7. Rest of Latin America
        1. 4.6.7.1. Rest of Latin America Market size and forecast, 2016-2019 (USD Million)
    7. 4.7. The Middle-East and Africa
      1. 4.7.1. The Middle-East and Africa Infrared Sensors Market size and forecast, 2016-2019
      2. 4.7.2. The Middle-East and Africa Infrared Sensors Market, by Country, 2019 & 2026 (USD Million)
      3. 4.7.3. The Middle-East and Africa Infrared Sensors Market, by Detection, 2016-2019
        1. 4.7.3.1. The Middle-East and Africa Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
      4. 4.7.4. The Middle-East and Africa Infrared Sensors Market, by End Use, 2016-2019
        1. 4.7.4.1. The Middle-East and Africa Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
      5. 4.7.5. GCC Countries
        1. 4.7.5.1. GCC Countries Market size and forecast, 2016-2019 (USD Million)
      6. 4.7.6. South Africa
        1. 4.7.6.1. South Africa Market size and forecast, 2016-2019 (USD Million)
      7. 4.7.7. Rest of Middle-East Africa
        1. 4.7.7.1. Rest of Middle-East Africa Market size and forecast, 2016-2019 (USD Million)
  5. CHAPTER 5. Infrared Sensors market – Competitive Landscape
    1. 5.1. Competitor Market Share – Revenue
    2. 5.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    3. 5.3. Strategic Development
      1. 5.3.1. Acquisitions and Mergers
      2. 5.3.2. New Products
      3. 5.3.3. Research & Development Activities
  6. CHAPTER 6. Company Profiles
    1. 6.1. Honeywell International Inc.
      1. 6.1.1. Company Overview
      2. 6.1.2. Honeywell International Inc. Revenue and Gross Margin
      3. 6.1.3. Product portfolio
      4. 6.1.4. Recent initiatives
    2. 6.2. Murata Manufacturing Co. Ltd.
      1. 6.2.1. Company Overview
      2. 6.2.2. Murata Manufacturing Co. Ltd. Revenue and Gross Margin
      3. 6.2.3. Product portfolio
      4. 6.2.4. Recent initiatives
    3. 6.3. Raytheon Company
      1. 6.3.1. Company Overview
      2. 6.3.2. Raytheon Company Revenue and Gross Margin
      3. 6.3.3. Product portfolio
      4. 6.3.4. Recent initiatives
    4. 6.4. Teledyne Technologies
      1. 6.4.1. Company Overview
      2. 6.4.2. Teledyne Technologies Revenue and Gross Margin
      3. 6.4.3. Product portfolio
      4. 6.4.4. Recent initiatives
    5. 6.5. Omron Corporation
      1. 6.5.1. Company Overview
      2. 6.5.2. Omron Corporation Revenue and Gross Margin
      3. 6.5.3. Product portfolio
      4. 6.5.4. Recent initiatives
    6. 6.6. Texas Instruments Incorporated
      1. 6.6.1. Company Overview
      2. 6.6.2. Texas Instruments Incorporated Revenue and Gross Margin
      3. 6.6.3. Product portfolio
      4. 6.6.4. Recent initiatives
    7. 6.7. Hamamatsu Photonics K.K
      1. 6.7.1. Company Overview
      2. 6.7.2. Hamamatsu Photonics K.K Revenue and Gross Margin
      3. 6.7.3. Product portfolio
      4. 6.7.4. Recent initiatives
  7. CHAPTER 7. Infrared Sensors — Industry Analysis
    1. 7.1. Infrared Sensors Market – Key Trends
      1. 7.1.1. Market Drivers
      2. 7.1.2. Market Restraints
      3. 7.1.3. Market Opportunities
    2. 7.2. Value Chain Analysis
    3. 7.3. Technology Roadmap and Timeline
    4. 7.4. Infrared Sensors Market – Attractiveness Analysis
      1. 7.4.1. By Detection
      2. 7.4.2. By End Use
      3. 7.4.3. By Region
  8. CHAPTER 8. Marketing Strategy Analysis, Distributors
    1. 8.1. Marketing Channel
    2. 8.2. Direct Marketing
    3. 8.3. Indirect Marketing
    4. 8.4. Marketing Channel Development Trend
    5. 8.5. Economic/Political Environmental Change
  9. CHAPTER 9. Report Conclusion
  10. CHAPTER 10. Research Approach & Methodology
    1. 10.1. Report Description
    2. 10.2. Research Scope
    3. 10.3. Research Methodology
      1. 10.3.1. Secondary Research
      2. 10.3.2. Primary Research
      3. 10.3.3. Models
        1. 10.3.3.1. Company Share Analysis Model
        2. 10.3.3.2. Revenue Based Modeling
        3. 10.3.3.3. Research Limitations

        List of Figures

        FIG. 1 Global Infrared Sensors Market, 2016-2019 (USD Million)
        FIG. 2 Global Infrared Sensors Market Share, by Detection, 2019 & 2026 (USD Million)
        FIG. 3 Global Active Infrared Sensors Market, 2016-2019 (USD Million)
        FIG. 4 Global Passive Infrared Sensors Market, 2016-2019 (USD Million)
        FIG. 5 Global Infrared Sensors Market Share, by End Use, 2019 & 2026 (USD Million)
        FIG. 6 Global Aerospace & Defense Infrared Sensors Market, 2016-2019 (USD Million)
        FIG. 7 Global Automotive Infrared Sensors Market, 2016-2019 (USD Million)
        FIG. 8 Global Oil & Gas Infrared Sensors Market, 2016-2019 (USD Million)
        FIG. 9 Global Others Infrared Sensors Market, 2016-2019 (USD Million)
        FIG. 10 Global Infrared Sensors Market Share, by Region, 2019 & 2026
        FIG. 11 North America Infrared Sensors Market, 2016-2019
        FIG. 12 U.S. Infrared Sensors Market, 2016-2019
        FIG. 13 Canada Infrared Sensors Market, 2016-2019
        FIG. 14 Europe Infrared Sensors Market, 2016-2019
        FIG. 15 Germany Infrared Sensors Market, 2016-2019
        FIG. 16 France Infrared Sensors Market, 2016-2019
        FIG. 17 U.K. Infrared Sensors Market, 2016-2019
        FIG. 18 Italy Infrared Sensors Market, 2016-2019
        FIG. 19 Spain Infrared Sensors Market, 2016-2019
        FIG. 20 Rest of Europe Infrared Sensors Market, 2016-2019
        FIG. 21 Asia Pacific Infrared Sensors Market, 2016-2019
        FIG. 22 China Infrared Sensors Market, 2016-2019
        FIG. 23 Japan Infrared Sensors Market, 2016-2019
        FIG. 24 India Infrared Sensors Market, 2016-2019
        FIG. 25 South  Korea Infrared Sensors Market, 2016-2019
        FIG. 26 South-East Asia Infrared Sensors Market, 2016-2019
        FIG. 27 Rest of Asia Pacific Infrared Sensors Market, 2016-2019
        FIG. 28 Latin America Infrared Sensors Market, 2016-2019
        FIG. 29 Brazil Infrared Sensors Market, 2016-2019
        FIG. 30 Mexico Infrared Sensors Market, 2016-2019
        FIG. 31 Rest of Latin America Infrared Sensors Market, 2016-2019
        FIG. 32 The Middle-East and Africa Infrared Sensors Market, 2016-2019
        FIG. 33 GCC Countries Infrared Sensors Market, 2016-2019
        FIG. 34 South Africa Infrared Sensors Market, 2016-2019
        FIG. 35 Rest of Middle-East Africa Infrared Sensors Market, 2016-2019
        FIG. 36 Competitor Market Share – Revenue
        FIG. 37 Honeywell International Inc. Revenue and Growth Rate
        FIG. 38 Honeywell International Inc. Market Share
        FIG. 39 Murata Manufacturing Co. Ltd. Revenue and Growth Rate
        FIG. 40 Murata Manufacturing Co. Ltd. Market Share
        FIG. 41 Raytheon Company Revenue and Growth Rate
        FIG. 42 Raytheon Company Market Share
        FIG. 43 Teledyne Technologies Revenue and Growth Rate
        FIG. 44 Teledyne Technologies Market Share
        FIG. 45 Omron Corporation Revenue and Growth Rate
        FIG. 46 Omron Corporation Market Share
        FIG. 47 Texas Instruments Incorporated Revenue and Growth Rate
        FIG. 48 Texas Instruments Incorporated Market Share
        FIG. 49 Hamamatsu Photonics K.K Revenue and Growth Rate
        FIG. 50 Hamamatsu Photonics K.K Market Share
        FIG. 51 Market Dynamics
        FIG. 52 Global Infrared Sensors – Value Chain Analysis
        FIG. 53 Technology Roadmap and Timeline
        FIG. 54 Market Attractiveness Analysis – By Detection
        FIG. 55 Market Attractiveness Analysis – By End Use
        FIG. 56 Market Attractiveness Analysis – By Region
        FIG. 57 Market Channel
        FIG. 58 Marketing Channel Development Trend
        FIG. 59 Growth in World Gross Product, 2008-2018

        List of Tables

        TABLE 1 Global Infrared Sensors Market, 2019 & 2026 (USD Million)
        TABLE 2 Global Infrared Sensors market, by Detection, 2016-2019 (USD Million)
        TABLE 3 Global Infrared Sensors market, by End Use, 2016-2019 (USD Million)
        TABLE 4 Global Infrared Sensors market, by Region, 2016-2019 (USD Million)
        TABLE 5 North America Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
        TABLE 6 North America Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
        TABLE 7 Europe Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
        TABLE 8 Europe Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
        TABLE 9 Asia Pacific Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
        TABLE 10 Asia Pacific Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
        TABLE 11 Latin America Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
        TABLE 12 Latin America Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
        TABLE 13 The Middle-East and Africa Infrared Sensors Market, by Detection, 2016-2019 (USD Million)
        TABLE 14 The Middle-East and Africa Infrared Sensors Market, by End Use, 2016-2019 (USD Million)
        TABLE 15 Global Infrared Sensors Market - Company Revenue Analysis 2016-2026 (USD Million)
        TABLE 16 Global Infrared Sensors Market - Company Revenue Share Analysis 2016-2026(%)
        TABLE 17 Acquisitions and Mergers
        TABLE 18 New Product/Service Launch
        TABLE 19 Research & Development Activities
        TABLE 20 Market Drivers
        TABLE 21 Market Restraints
        TABLE 22 Market Opportunities

Key Insights from Primary Research

  • As per our analysis, the infrared sensors market is set to grow annually at a rate of around 12%
  • It was valued through primary research that the infrared sensors market was valued at around USD 343.9Million in 2019
  • Asia-Pacific is currently holding the largest share among all the regions and expected to rise in the upcoming period.
  • Owing to the rising consumption of consumer electronics products the market may witness significant development and investment from major players operating in the market.

Key Recommendations from Analysts

  • As per our analysisit was anticipated that in upcoming years application of the market will grow majorly in developed countries
  • The market value for year 2026is estimated to reach around USD 761 Million
  • Asia-Pacific region is likely to held major market share in upcoming years
  • As per our analysts, the global infrared sensors market may boom in coming years due to high penetration of advanced technologies such as IoT and AI (artificial intelligence).

Industry Major Market Players

  • Honeywell International Inc.
  •  Murata Manufacturing Co. Ltd.
  •  Raytheon Company
  •  Teledyne Technologies
  •  Omron Corporation
  •  Texas Instruments Incorporated
  •  Hamamatsu Photonics K.K

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