Global Infrared Gas Sensor Market Size By Type (CO2, Combustible Gases), By Application (Industrial, Residential), By Region, And Segment Forecasts, 2023 to 2032

The Global Infrared Gas Sensor Market was valued at USD 1.2 billion in 2023 and is expected to surpass USD 2.4 billion by 2031, registering a CAGR of 8.9% during the forecast period from 2023 to 2031. Infrared gas sensors are widely used in industries such as oil & gas, automotive, and healthcare, owing to their superior reliability, accuracy, and capability to detect a wide range of gases. Increasing industrial safety regulations, rising adoption of smart devices, and advancements in sensor technology are the primary factors driving market growth.

Drivers

Industrial Safety Regulations: Stricter government regulations mandating the monitoring of gas emissions and air quality are significantly driving the demand for infrared gas sensors.

Technological Advancements: Innovations in infrared sensor technology, including miniaturization and enhanced sensitivity, are making these sensors more efficient and versatile across industries.

Adoption of IoT in Gas Detection: Integration of infrared gas sensors with IoT devices for real-time monitoring and analytics is accelerating their adoption in industries such as oil & gas and smart buildings.

Restraints

High Initial Costs: Infrared gas sensors can be costlier compared to conventional sensors, which may limit their adoption in cost-sensitive markets.

Performance Issues in Extreme Conditions: Challenges related to performance degradation in extreme environmental conditions may hinder widespread deployment in certain applications.

Opportunity

Smart City Development: The global focus on smart city initiatives presents significant growth opportunities for infrared gas sensors in monitoring urban air quality.

Emerging Economies: The rising industrialization in emerging markets such as Asia-Pacific and Africa is expected to create a substantial demand for gas detection systems, boosting the adoption of infrared gas sensors.

Market by System Type Insights

Based on system type, Fixed Infrared Gas Sensors dominated the market in 2023, accounting for the largest revenue share. Fixed systems are critical in industrial applications for continuous gas monitoring. However, Portable Infrared Gas Sensors are projected to witness the highest growth rate during the forecast period due to their flexibility and ease of use in field operations.

Market by End-use Insights

Industrial: The industrial segment, encompassing oil & gas, mining, and chemical industries, is the largest contributor to market revenue, driven by stringent safety norms.

Healthcare: The healthcare segment is witnessing rapid growth due to the increasing use of infrared gas sensors in medical diagnostics and patient monitoring equipment.

Market by Regional Insights

North America: Dominates the market with advanced industrial and healthcare infrastructure and stringent environmental regulations.

Asia-Pacific: Expected to exhibit the highest growth rate during the forecast period, driven by rapid industrialization, urbanization, and increased investments in safety systems in countries like China and India.

Competitive Scenario

Key players in the Global Infrared Gas Sensor Market include Honeywell International Inc., Amphenol Corporation, Alphasense, Sensirion AG, and Murata Manufacturing Co. Ltd. Companies are focusing on product innovation and strategic partnerships to gain competitive advantages. For example:

In 2024, Honeywell launched a new line of compact, IoT-enabled infrared gas sensors for industrial applications.

Sensirion AG introduced high-precision CO₂ sensors with extended battery life in 2023.

Scope of Work – Global Infrared Gas Sensor Market

Key Market Developments

2024: Honeywell International Inc. launched IoT-enabled infrared gas sensors with real-time analytics capabilities.

2023: Amphenol Corporation announced a collaboration with a leading automotive manufacturer for integrating gas sensors in electric vehicles.

2022: Sensirion AG expanded its production capacity to meet the rising global demand for high-precision gas detection solutions.

FAQs

What is the current market size of the Global Infrared Gas Sensor Market? The market was valued at USD 1.2 billion in 2023.

What is the major growth driver of the Global Infrared Gas Sensor Market? Stringent industrial safety regulations and advancements in IoT-enabled sensors are key drivers.

Which is the largest region during the forecast period in the Global Infrared Gas Sensor Market? North America leads the market due to advanced infrastructure and regulatory frameworks.

Which segment accounted for the largest market share in the Global Infrared Gas Sensor Market? Fixed Infrared Gas Sensors dominated the market in 2023.

Who are the key market players in the Global Infrared Gas Sensor Market? Leading players include Honeywell International Inc., Amphenol Corporation, Alphasense, Sensirion AG, and Murata Manufacturing Co. Ltd.