Infrared Gas Sensor Market Research, 2031
The global infrared gas sensor market size was valued at $198.6 million in 2021, and is projected to reach $447 million by 2031, growing at a CAGR of 8.7% from 2022 to 2031.
Infrared gas sensor is used to sense combustible hydrocarbon gas with the use of infrared light. The sensor consists mainly of three parts, a source of infrared light, an optical filter to select the proper wavelength and an optical infrared receiver. The sensors are basically used for toxic and harsh environments for percent by volume detection of carbon dioxide.
The need to constantly monitor and control gas emissions by various industrial processes creates a requirement for Infrared Gas Sensor Market Growth. The various uses of infrared oxygen sensor vary across a wide range from industrial to domestic end uses. For instance, monitoring air pollution, chemical processes, and exhaust from combustion engines are the various applications for gas sensor installation. In recent years, several types of gases have been used in different industries as raw materials. It becomes important to control and monitor these gases, as there is a huge risk of damage to property and human lives. Certain gases are corrosive, explosive, or can be toxic for human beings. The mentioned factors assist in the market expansion of ndir gas sensor by creating its demand under various industry verticals such as automotive, industrial and other sectors globally.
According to researchers at Penn State and Northeastern University, wearable gas sensors for environmental and human health monitoring are expected to be commercially available in the near future. These sensors are expected to be highly sensitive in nature due to their self-heating mechanism. The researchers are using highly porous single line of nanomaterial for the sensors that detect gas and biomolecules and are also expected to detect different chemicals.
Factors such as increase in adoption of infrared gas sensors in HVAC system and rise in need for air quality monitoring in smart cities and surge in government standard and regulations concerning emission control are driving the global infrared gas sensor market. However, high cost of the devices is expected to hamper the market growth to a certain extent. Furthermore, growth in trends toward internet of things (IoT) for networking is expected to offer lucrative opportunities for the infrared gas sensor market globally.
Segment Overview
The infrared gas sensor market analysis is segmented into Type and Industry Vertical.
By type, the infrared gas sensor market overview is classified into fixed and portable. Fixed type segment dominated the infrared gas sensor industry, in terms of revenue in 2021, and is expected to follow the same trend during the forecast period.
By industry vertical, it is classified into defense and military, healthcare, consumer electronics, automotive, industrial and others. Industrial had significant market share in 2021, owing to the penetration of IoT, artificial intelligence and machine learning in industries drives the market for infrared gas sensor. The advancement of infrared gas sensor for industrial grade creates lucrative opportunities. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Asia-Pacific was the highest revenue contributor to the market.
Competitive Analysis
Competitive analysis and profiles of the key infrared gas sensor market leaders include AlphaSense Inc., Dräger, Dynament, Senseair, SmartGAS, Figaro engineering.inc, Amphenol Corporation, Heimann, Honeywell International Inc. and SGX Sensor tech. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase the infrared gas sensor market share during the forecast period.
Key Developments/ Strategies
- In October 2022, Dräger Marine andamp; Offshore, a subsidiary of Dräger, a provider of safety and medical technology, launched a new mobile gas detector, the X-am 2800. The device, worn on the body, offers simultaneous measurement of up to four different gases, for application in confined spaces to safeguard employees working in areas at risk of oxygen depletion, explosive atmospheres, or those where toxic substances may be present.
- In March 2020, Asahi Kasei Microdevices launched three new sensors: AK9703AJ. It is an infrared light-emitting diode (IR LED) whose peak emission wavelength is in the infrared absorption band of methane (a well-known combustible gas). It is an infrared sensor with optical filter, its peak emission wavelength is also in the infrared absorption band of methane.
Country Analysis
Country-wise, the China acquired a prime share in the infrared gas sensor market in the Asia Pacific region and is expected to grow at a significant CAGR during the forecast period of 2019-2031.China holds major market share in terms of revenue generation from the sale of infrared gas sensor because of the higher presence of presence of the infrared gas sensor manufacturers.
In Europe, the UK, dominated the infrared gas sensor market, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. However, Germany is expected to emerge as the fastest-growing country in Europe's infrared gas sensor with a notable CAGR, advancement of technology across industry verticals is a crucial factor that contributes to the growth of the infrared gas sensor and thus creates lucrative growth opportunities for the infrared gas sensor market in Germany.
In North America, U.S. is expected to emerge as a significant market for the infrared gas sensor industry, The major trend driving the growth of the North America infrared gas sensor market is the development of wireless capabilities and miniaturization with improved communication capabilities. These features enable the integration of infrared gas sensors into various devices and machines. In addition, various regulatory initiatives in the developed markets of North America to boost occupational health and safety among people are expected to drive the market growth during the forecast period.
By LAMEA region, the Latin America country garner significant market share in 2021 In Latin America, the rise in demand for enhanced technologies in countries, such as Dubai, Abu Dhabi, Oman, Saudi Arabia, and others, these factors are expected to reshape the growth of infrared gas sensor market in the Middle East.
Top Impacting Factors
Significant factors impacting the growth of the infrared gas sensor market include propelling demand for infrared gas sensors in the HVAC system, rise in need for favorable government regulations regarding the use of infrared gas sensors. However, the high initial cost of the infrared gas sensors acts as the major barrier for its adoption, thereby hampering the growth of the market. On the contrary, growing trends towards internet of things (IoT) and rising demand for infrared gas sensors in the development of smart cities are anticipated to provide lucrative opportunities for the infrared gas sensors market during the forecast period.
Key Benefits for Stakeholders
- This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current global infrared gas sensor market forecast is quantitatively analyzed from 2021 to 2031 to benchmark financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the infrared gas sensor market.
- The report includes the market share of key vendors and global infrared gas sensor market trends.
Infrared Gas Sensor Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 447 million |
 Growth Rate | CAGR of 8.7% |
 Forecast period | 2021 - 2031 |
 Report Pages | 293 |
 By Type |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | SmartGAS, Dräger, Dynament, AlphaSense Inc., Heimann, SGX Sensor tech, Amphenol Corporation, Senseair, Figaro engineering.inc, Honeywell International Inc. |
Analyst Review
The infrared gas sensor market is expected to leverage high potential for the industrial and healthcare sector during the forecast period. The current business scenario is witnessing an increase in demand for holographic display, particularly in developing regions such as China, India, and UK, owing to increase in advancements in holography products. Companies in this industry are adopting various innovative techniques such as mergers and acquisition activities to strengthen their business position in the competitive matrix.
The infrared gas sensors market holds a substantial scope for growth globally. Its contribution to the global market is expected to increase significantly. Increase in demand air quality controllers, toxic air and smoke detection and rise in government regulations and standards towards emission control, is expected to increase the market demand during the forecast period, especially in the U.S. and Europe. However, high development costs of infrared gas sensors are the major restraint for the infrared gas sensor market.
Infrared gas sensors are extensively used in applications such as temperature management, climate control, fall detection appliances, and motion detection. As a result, the demand for smartphones, laptops, blood pressure monitors, gas detectors, and fire alarm systems is rising in both the residential and industrial sectors, which is propelling the overall expansion of the infrared sensing industry. Furthermore, the growth of end-user industries is also escalating significant demand for infrared gas sensor. Key infrared gas sensor market leaders profiled in the report include AlphaSense Inc., Dräger, Dynament, Senseair, SmartGAS, Figaro engineering.inc, Amphenol Corporation, Heimann, Honeywell International Inc. and SGX Sensor tech.
The key trends of infrared gas sensor include propelling demand for infrared gas sensors in the HVAC system, rise in need for favorable government regulations regarding the use of infrared gas sensors. On the contrary, growing trends towards internet of things (IoT) and rising demand for infrared gas sensors in the development of smart cities.
The global infrared gas sensor market was valued at $198.6 million in 2021.
The industrial sector is the leading application of infrared gas sensor market.
Asia-Pacific is the largest regional market for infrared gas sensor market.
Amphenol Corporation, Dräger, AlphaSense Inc., SGX Sensor tech, Honeywell International Inc. are the top companies to hold the market share in Infrared Gas Sensor.
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