Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The market traits of the infrared LED (IR LED) market were evolving swiftly, pushed by a mixture of technological advancements, increasing programs, and growing demand throughout numerous industries. In recent years, there has been a major surge in the adoption of IR LEDs, often due to their flexible use in programs along with surveillance, automotive, client electronics, and healthcare.
One prominent trend within the Infrared LED marketplace is the continuous development in an era leading to the improvement of more green and value-effective IR LEDs. As technology advances, producers are able to beautify the overall performance of IR LEDs, including enhancements in power performance, wavelength accuracy, and typical reliability. These technological advancements have a direct effect on the market by enabling the creation of innovative merchandise and solutions.
The growing demand for IR LEDs in the surveillance and protection area is another key marketplace trend. With increasing concerns about protection and safety, there was a developing want for superior surveillance structures that could operate efficaciously in low-mild or midnight situations. IR LEDs play a vital position in these applications by presenting the necessary illumination for surveillance cameras without being seen by the human eye. Moreover, the car industry is rising as a considerable contributor to the demand for Infrared LEDs. These LEDs locate packages in advanced driver-assistance structures (ADAS) and in-cabin tracking. As automobiles emerge as more sophisticated and autonomous features benefit popularity, the need for reliable IR LEDs for programs consisting of night vision, blind-spot detection, and facial reputation within the car is on the rise. This fashion is anticipated to fuel the growth of the Infrared LED marketplace within the car region.
Consumer electronics is yet another quarter where the marketplace for IR LEDs is witnessing good-sized growth. The integration of IR LEDs in smartphones, pills, and other customer electronic devices is becoming more and more unusual. These LEDs are used for facial reputation, gesture manipulation, and proximity sensing, improving the overall enjoyment of a person. As purchaser expectations for superior functions in electronic devices maintain an upward push, the demand for IR LEDs in this sector is predicted to grow gradually. Additionally, the healthcare industry is embracing infrared LEDs for diverse applications, including scientific imaging and non-invasive diagnostic gear. IR LEDs are applied in gadgets like pulse oximeters, infrared thermometers, and imaging systems for vein detection. The developing emphasis on healthcare technology and the want for accurate and efficient medical gadgets are contributing to the growth of the IR LED market within the healthcare zone.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Growing security issues |
Infrared LED Market Highlights:
Global Infrared LED Market Overview:
Global Infrared LED Market is supposed to develop from USD 2,288.88 Million in 2018 to USD 1.84 billion by 2032, at a CAGR of 15.30%, during the conjectured time frame.
Infrared LEDs are specific reasons LEDs made of gallium arsenide or aluminium gallium arsenide discharge infrared beams at a frequency going from 7nm to 1mm. The use of IR LED frequency shifts as per its frequency. For example, infrared LED with a frequency of 940nm is broadly utilized in far off regulators. IR LED with a frequency of 808nm is generally utilized in clinical treatment machines and space optical correspondence.
The Global Infrared LED Market has been portioned in light of phantom Range, Application, End-Use, and Region. Infrared (IR) LED Market size outperformed USD 500 million every 2019 and is assessed to develop at more than 10% CAGR somewhere between 2020 and 2026. The worldwide business shipments will arrive at 8 billion units by 2026.
IR LEDs are a specific reason light discharging diodes transmit IR signals at additional long frequencies. These gadgets permit modest and effective creation of IR light and can convey electromagnetic radiations in 700 nm to 1mm territory. IR LEDs are utilized in a wide scope of sign exchange frameworks, including controllers of TV, infrared cameras for observation and night vision, and so on.
These LEDs are building up forward momentum in the hardware area because of low hotness age and low power utilization. The Infrared LED market is sub-sectioned into Consumer gadgets, Healthcare, Industrial and BFSI.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Infrared LED Market Segmentation
Based on spectral range, the market has been segmented into 700nm–850nm, 850nm–940nm, 940nm–1020nm, and 1020nm–1720nm.
Based on Application, the market has been segmented into biometrics, imaging, lighting, remote sensing, and surveillance.
Based on end use, the market has been segmented into aerospace & defense, automotive, BFSI, consumer electronics, e-commerce, education, healthcare, and others.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis
The Global Market for Infrared LED is estimated to grow at a significant rate during the forecast period from 2022 to 2030. The geographical analysis of the Infrared LED market has been done for North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to hold the largest share in the Infrared LED market from 2022 to 2030. The high concentration of optoelectronics market players, easy availability of proficient technical expertise, and increasing investments by the governments in the region are the key drivers of the market.
Europe is expected to hold the second-largest market share during the forecast period owing to the rapid growth in the automotive sector. Germany is the most lucrative market in the region, followed by the UK and France.
Infrared LED Market Key Player & Competitive Analysis
The Key Players have adopted new product development as a part of their growth strategy to further increase their share in the global Infrared LED market. For instance, in 2019, Everlight Electronics launched two new infrared LED products, namely VS-FI3535 LED and ALS-DPDIC17 LED for the automotive sector. These products are used for automotive applications such as driver facial recognition and automatic dimming of rearview mirrors and dashboard lights.
The partnership is another key growth strategy adopted by manufacturers to enhance their global market presence. For instance, in the 2018 engineering team from Lumileds and Melexis developed an evaluation kit that enables the operation of LUXEON IR LEDs at high frequencies up to 40MHz.
Key Companies in the Infrared LED Market include
The Key Players profiled in the Global Infrared LED Mar report are
- Epileds Technologies (Taiwan)
- Epistar Corporation (Taiwan)
- Everlight Electronics Co. Ltd (Taiwan)
- Excelitas Technologies Corporation (US)
- High Power Lighting Corporation (Japan)
- Kingbright (Taiwan)
- OSRAM GmbH (Germany)
- Lextar Electronics Corporation (Taiwan)
- Lite-On Technology, Inc. (Taiwan)
- Nichia Corporation (Japan)
- Luna Optoelectronics (US)
- Marktech Optoelectronics (US)
- Würth Elektronik GmbH & Co. KG (Germany)
Infrared LED Industry Development
December 2023:
TNL Healthcare has started a Kickstarter crowdfunding campaign for COMLAX, the first-ever IR LED patch with stretchable technology, marking a revolutionary advancement in the fields of wellness and infrared treatment. With its ability to adjust to the specific curve of your body, this cutting-edge gadget is able to provide very accurate infrared light treatment in a really customized manner. COMLAX is the ideal remedy for aching muscles and more, all in a small, portable design that you can use anytime, anywhere, thanks to its 72 LEDs and unparalleled simplicity.
The key component of COMLAX's design that distinguishes it from other infrared phototherapy devices on the market is its Stretchable Technology. With the help of this state-of-the-art technology, the patch can conform to the specific curves of your body, giving every square inch of your skin the treatment it requires. COMLAX clings to your body with such ease that you won't have to worry about uncomfortable fits or unsuccessful treatments. It offers unmatched comfort and accuracy.
COMLAX's elastic technology allows it to flex to the natural curves of your body, providing exact adherence and unparalleled light exposure. Enjoy unmatched comfort and effective LED treatment with the cutting-edge stretchy design of COMLAX. Wherever you need it, the ergonomic patch's design makes it simple to apply, even in curved or narrow body parts, to provide pleasant and efficient LED treatment.
With its remarkable 72 LED array, COMLAX offers an unmatched blend of red and near-infrared light treatment. Together, these two light treatments may reach deep into your muscles, increasing blood flow and quickening the body's natural healing processes. COMLAX is the ideal partner whether you're an athlete looking for relief from aching muscles or want to improve your general wellbeing.
COMLAX distinguishes out for having an unusually high number of LEDs crammed into a small form, enabling focused treatment across larger regions.
May 2021:
PHOSEON TECHNOLOGY sent off FireJet and FireEdge NIR adventurer close to infrared lights for 3D printing and nailing to low movement application, hoping to support the worldwide market. Developing utilization of infrared LED in military activities for distinguishing weaponized gadgets and secret bombs, and permeability of focuses at awful weather patterns like residue and haze.
Intended Audience
- LED manufacturers
- Display panel manufacturers
- Brand customers/OEMs/ODMs
- Display-related service providers
- Display-related associations, organizations, forums, and alliances
- Government bodies such as regulatory authorities and policymakers
- Venture capitalists, financial and strategic investors, and start-ups
- Semiconductor component suppliers
- Distributors and sales firms of display panels and devices
- End users of display devices
- Research institutes, organizations, and consulting companies
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
