Market Survey Of Infrared Sensors is Set To Grow According To Latest Research 2019 - 2027
The global infrared sensors market was valued at US$ 396.98 Mn in 2016 and is projected to register compound annual growth rate (CAGR) of over 9.11% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “ Infrared Sensors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026. ” This is mainly due to increase in the demand for infrared sensors in defense, IoT, and industrial applications across the globe, leading to the robust growth of the infrared sensors market. Moreover, rising demand for infrared sensors in consumer electronics and automation industry is also expected to have a significant impact on the global infrared sensors market. Initiatives taken by different governments to increase the adoption of smart homes are predicted to impact the infrared sensors market in the coming years. The global infrared sensors market is segmented on the basis of detection, working mechanism, end use...