Valley Cottage, NY -- (SBWIRE) -- 06/22/2016 -- Infrared emitter and receiver are the electronic hardware that operate in infrared range of light. Infrared emitter is light emitting diode that emits light in infrared spectrum and infrared receiver is the device that receives light from IR emitter and decode this IR signal. Infrared emitter and infrared transmitter together form a complete infrared sensor used up in so many applications as in consumer electronics, unmanned vehicle to sense obstacle, in military and aerospace for monitoring and measurement systems and others.

Global infrared emitter and infrared receiver market is expected to grow with substantial CAGR during forecasting period. As it has been continuously adopted by different verticals in order to make their technologies more advanced, secure and automated.

Infrared Emitter & Receiver Market: Market Dynamics

The latest trend of global infrared emitter & receiver market is the tremendous increment in demand of IR data communication in various sectors. There are various factors driving the growth of global infrared emitter & receiver market such as increasing demand of IR emitters and receivers in security and surveillance sector, advancement in technologies bring down the price of IR receivers, growth of the automotive industry gives rise the adoption rate of infrared transmitter and emitter in this sector. On the other side, there are some factors which are responsible to hinder the growth of global infrared emitter & receiver market; availability of viable alternative heating technology and also the legislative barriers in military applications are two of them.

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Infrared Emitter & Receiver Market: Segmentation

Segmentation of infrared emitter & receiver market is done on the basis of spectral range, application, vertical and Geography. On the basis of spectral range, global infrared emitter & receiver market is segmented into following segments; near infrared, short wavelength infrared (SWIR), medium wavelength infrared, long wavelength infrared (LWIR) and far wavelength.

On the basis of application, global infrared emitter & receiver market is segmented into Sensing, monitoring & detection, data transmission, thermal heating, imaging and others (spectroscopy).

On the basis of the verticals, global intelligent lighting system market is segmented into automotive, telecommunication, military and aerospace, healthcare, industrial, consumer electronics and security and surveillance. These above given segments further be sub-segmented as; automotive is sub-segmented into automotive manufacturing, automotive night vision, automated guided vehicle, wheel and electronic stability control, car locking system and others. Sub-segments of telecommunication verticals are fiber optic communication, Irda transceivers and Line-Of-Sight wireless communication. Military and aerospace vertical is sub-segmented into weapon guidance and target acquisition systems, night vision and monitoring & measurement systems. Sub-segments of healthcare vertical are surgery, sterilizing, manufacturing, medical imaging and health monitoring. Consumer electronics vertical is sub-segmented into proximity sensors, smartphones & tablets, ATMs and interactive kiosks and photographic equipment. Sub-segments of security and surveillance are surveillance cameras, smoke & fire alarms and home security systems. Among all the above given segments consumer electronics vertical is having the highest market share of global infrared emitter & receiver market.

On the basis of Geography, infrared emitter & receiver market is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Among all the seven region, North America is the highest contributor in term of revenue in global infrared emitter & receiver market, and it is estimated that Asia Pacific is the fastest growing market for infrared emitter & receiver provider across the globe during forecast period.

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Infrared Emitter & Receiver Market: Key Players

Key players of global infrared emitter & receiver market are; Murata Manufacturing Co., Ltd., Texas Instruments Inc., Cree, Inc., Honeywell International, Inc., OSRAM Opto Semiconductors GmbH, LITE-ON TECHNOLOGY CORPORATION, FLIR Systems and others.