Mid-IR sensors are used to measure infrared radiation in the wavelength range of 3–8 micrometers or 3–15 micrometers. They are used as components in gas analyzers, pollution monitoring equipment, medical diagnostics equipment, and process monitoring instruments. Mid-IR sensors have applications across various end-use industries such as oil & gas, military and defense, healthcare, automotive, consumer electronics, and telecommunications. In the healthcare sector, mid-IR sensors find extensive usage in non-contact measurements of vital signs such as heart rate, breathing rate, and body temperature. They are also adopted in lung cancer screening, blood glucose monitoring, and spectroscopic analysis of biomolecules.
The global Mid-IR Sensors Market is estimated to be valued at US$ 36.44 Bn in 2024 and is expected to exhibit a CAGR of 15.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the major drivers boosting the mid-IR sensors market growth is increasing adoption across the healthcare sector. Mid-IR sensors enable non-invasive monitoring of vital health parameters which helps in early disease detection. Growing elderly population and rising prevalence of chronic diseases are propelling the demand for advanced healthcare monitoring solutions based on mid-IR technology. As highlighted earlier, growing adoption across healthcare is expected to drive the flourishing of mid-IR sensors market over the forecast period. Furthermore, miniaturization of mid-IR sensors has facilitated their integration into portable medical devices and wearables for continuous patient monitoring. This is anticipated to present lucrative business opportunities for market players.
Segment Analysis
The mid-IR sensors market is segmented into type, application, vertical and geography. Based on type, the market is segmented into Mid-IR LED, Mid-IR laser and Mid-IR detector which is further segmented into phototransistors, photoemitters and photoconductive detectors. Mid-IR detector segment dominated the market in 2024 and is expected to remain dominant during forecast period due to wide usage of IR detectors in various applications like gas detection, thermal imaging etc.
PEST Analysis
Political: Government regulations regarding emission standards is encouraging adoption of mid-IR sensors for pollution monitoring. Economic: Rising automation across industries is fueling demand for mid-IR sensors in manufacturing sector. Social: Increasing health and safety concerns are driving usage of mid-IR sensors in applications like gas detection. Technological: Advancements in quantum cascade lasers and pyroelectric materials is enhancing capabilities of mid-IR sensors.
Key Takeaways
The Global Mid-IR Sensors Market Size is expected to witness high growth.
Regional analysis North America dominated the market in 2024 due to strong presence of manufacturers like Honeywell International Inc. and Hamamatsu Photonics K.K. in the region. The Asia Pacific region is expected to be the fastest growing market during the forecast period owing to expansion of manufacturing sector in countries like China and India.
Key players operating in the mid-IR sensors market are Nestlé S.A,Nissin Food Holdings Co., Ltd.,Nestlé S.A,Nissin Food Holdings Co., Ltd.Indofood CBP Sukses Makmur Tbk PT,Tingyi (Cayman Islands) Holding Corporation,Uni-President Enterprises Corporation,Acecook Vietnam Joint Stock Company. Key players are focusing on new product launches and partnerships to strengthen their market position. For instance, in 2020, Hamamatsu Photonics K.K launched high sensitivity MCT detectors for molecular spectroscopy applications
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
