Infrared LED Market Size and Market Trends: Complete Industry Overview (2024 to 2031
Market Overview and Report Coverage
Infrared LED, also known as IR LED, is a type of light emitting diode that emits infrared rays. These LEDs are used in various applications such as surveillance, automotive sensors, remote controls, and industrial automation.
The future outlook of the Infrared LED Market is promising, with a projected CAGR of % during the forecasted period. This growth can be attributed to the increasing demand for IR LEDs in security and surveillance systems, as well as in smartphones for facial recognition technology.
Current market trends indicate a rise in the adoption of IR LEDs in consumer electronics and automotive sectors. The market is expected to witness significant growth due to the increasing investments in research and development for improving the efficiency and performance of IR LEDs.
Overall, the Infrared LED Market is set to experience steady growth in the coming years, driven by advancements in technology and the rising demand for IR LEDs in various industries.
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Market Segmentation
The Infrared LED Market Analysis by types is segmented into:
- 700nm-850nm
- 850nm-940nm
- 940nm-1020nm
- 1020nm-1720nm
The Infrared LED market can be divided into different types based on the wavelength range they cover. These types include 700nm-850nm, 850nm-940nm, 940nm-1020nm, and 1020nm-1720nm markets. Each type serves different purposes and applications, such as remote controls, security cameras, and medical devices. The variations in wavelength range allows for specialized use in various industries, providing flexibility and customization for different needs.
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The Infrared LED Market Industry Research by Application is segmented into:
- Biometric
- Imaging
- Lighting
- Other
Infrared LED technology is utilized in various applications, such as biometric authentication systems for security purposes, imaging devices for night vision and surveillance, and lighting applications for invisible illumination. Additionally, Infrared LEDs are used in other markets including remote controls, optical sensors, and medical devices. The efficiency and reliability of Infrared LEDs make them a popular choice for a wide range of applications across multiple industries.
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In terms of Region, the Infrared LED Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
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What are the Emerging Trends in the Global Infrared LED market?
The global infrared LED market is witnessing several emerging and current trends that are shaping its growth trajectory. Some of the key trends include the increasing adoption of infrared LEDs in various applications such as surveillance, automotive, and healthcare. The advancements in technology, leading to the development of more efficient and cost-effective infrared LEDs, are also driving market growth. Additionally, the growing demand for security and monitoring systems, coupled with the rising focus on energy efficiency, is boosting the demand for infrared LEDs. Furthermore, the integration of infrared LEDs in consumer electronics and smartphones is expected to fuel market expansion in the near future.
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Major Market Players
The Infrared LED market is highly competitive with key players such as Epistar, Nichia, Everlight Electronics, and Osram leading the market. These companies are known for their innovation and high-quality products in the infrared LED industry.
Among them, Epistar is one of the largest manufacturers of LEDs in the world, with a strong focus on research and development. The company has witnessed significant market growth over the years, owing to its continuous innovation in LED technology and expansion into new markets.
Nichia is another key player in the market known for its high-quality LEDs and strong market presence. The company has been focusing on expanding its product portfolio and increasing its market share, driving its growth in the infrared LED market.
Osram, a leading player in the lighting industry, has also made significant investments in the infrared LED market, leading to its market growth and expanded product offerings.
In terms of market size, the global infrared LED market was valued at around USD 405 million in 2020 and is projected to reach USD 850 million by 2026, growing at a CAGR of around % during the forecast period.
Some of the companies mentioned above, such as Epileds and Rohm Semiconductor, have reported significant sales revenue over the years. For instance, Epileds reported sales revenue of around USD 50 million in 2020, while Rohm Semiconductor reported sales revenue of around USD 1.3 billion in the same year.
Overall, the infrared LED market is witnessing significant growth, driven by increasing demand for infrared LEDs in various applications such as surveillance, automotive, and consumer electronics. The key players in the market are expected to continue their focus on innovation and expansion to maintain their competitive edge.
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