The global infrared sensor market, some of the major companies operating in this market include Murata Manufacturing, Hamamatsu Photonics, Excelitas Technologies, FLIR Systems, Teledyne and Raytheon. These prominent companies are focusing on channeling their resources on technological innovation in order to introduce new and better infrared sensors in the market, and thereby cement their market dominance. 

Such kind of developments are also slated to make the competition tough in the global infrared sensor market. In the case of Murata Manufacturing, the company has developed various type of infrared sensors which are even used in smart phone applications. 

With the enormous advancements in technological evolution, the present day infrared sensors are lightweight, affordable and consume lesser power. Such type of advantages are boosting the global infrared sensor market with their applications in various type of industries ranging from defense to IoT and energy conservation. 

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In the context of military applications, infrared light can be detected from a vast distance and this enables the detection of movements in real time, thus improving situational awareness and proving to be a boon for security applications. Infrared sensors are also widely used in industrial applications, where they are required to measure the thermal radiation that is emitted from powerful motors and equipment without coming in contact with them.