Analysis of the COVID-19 Impact: Infrared Radiation (IR) Emitter And Receiver Market 2020-2024 | Increase In The Adoption Of IR Sensors to Augment Growth | Technavio
Technavio has been monitoring the infrared radiation (IR) emitter and receiver market and it is poised to grow by USD 899.75 mn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Infrared Radiation (IR) Emitter and Receiver Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ams AG, FLIR Systems Inc., Honeywell International Inc., Koninklijke Philips (News - Alert) NV, LITE-ON Technology Corp., Murata Manufacturing Co. Ltd., OSRAM Licht AG, Texas Instruments Inc., Thales Group, and Vishay Intertechnology Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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An increase in the adoption of IR sensors has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Infrared Radiation (IR) Emitter and Receiver Market 2020-2024: Segmentation
Infrared Radiation (IR) Emitter and Receiver Market is segmented as below:
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Infrared Radiation (IR) Emitter and Receiver Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The infrared radiation (IR) emitter and receiver market report covers the following areas:
This study identifies the increase in the demand for LWIR and MWIR cameras & sensors as one of the prime reasons driving the infrared radiation (IR) emitter and receiver market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Infrared Radiation (IR) Emitter and Receiver Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
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