Passive Infrared Sensors Market Report 2024
Passive Infrared Sensors Market Report 2024 | Forecast, Market Size & Growth
Read the Full Report: https://www.cognitivemarketresearch.c...
Report Insights: According to Cognitive Market Research, the global Passive Infrared Sensors Market size will be USD 12624.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 5049.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3787.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2903.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 631.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 252.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
The Long Wave Passive Infrared Sensor segment held the highest revenue share in 2024.
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