Global Infrared LED Market – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Research Reports
Jan 09, 2021
Infrared light-emitting diode refers to an SSL (solid-state lighting) mechanism that emits light in the electromagnetic radiation spectrum’s infrared range. Instead of electric filaments, plasma and steam, the SSL mechanism utilizes semiconductor illumination sources such as LEDs, PLEDs (Polymer Light-Emitting Diodes), and OLEDs (Organic Light-Emitting Diodes). IR LEDs are similar to a normal LED, but it is not possible to detect radiation from IR LEDs with the human eye. In addition, these LEDs allow inexpensive and efficient infrared light production and are widely used in various consumer electronics products, such as television remote controls and infrared cameras. By using aluminum gallium or arsenide gallium arsenide, IR LEDs are typically made. The IR LED illumination is the same as a regular LED. It is typically used to maintain wireless communication between two or more than two devices in combination with the IR receiver.
Global Infrared LED Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30.
The rising trend for smart home and smart offices in various developing nations has provided opportunities for the IR LED market players. The IR technology is experiencing a rising implementation in smart homes for remote control of TVs, music systems, and lightings, driving the market growth. Many macroeconomic factors such as rising per capita income, growing economy, employment rate, and rapid rate of industrialization and urbanization are driving the global infrared lighting module market.
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Global Infrared LED Market is segmented by spectral Range into 700nm-850nm, 850nm-940nm, 940nm-1020nm, and 1020nm-1720nm. The greater market share in 2018 was accounted for by the 850nm-950nm segment and is expected to see the highest growth during the forecast period. The growth is mainly due to its growing adoption for night vision, gesture recognition, among others, in the automotive industry. In developing countries, growing concern about road safety has led many car manufacturers to deploy advanced electronic systems in vehicles. This will improve the integration of 950nm-1,020 nm infrared LEDs and have a positive influence on market demand.
Global Infrared LED Market is segmented by application into Biometrics, Imaging, Lighting, Remote Sensing, and Surveillance. The greater market share in 2018 was accounted for by the biometric segment and the trend is estimated to continue over the forecast period. The increasing implementation of face recognition and iris recognition biometrics in smartphones and security systems creates high opportunities for infrared LEDs to expand. The deployment of biometric applications has been increased by the growing acceptance of digital banking and mobile payment services. These LEDs provide customers with high reliability and safety authentication to conduct digital transactions, creating high growth opportunities over the coming years.
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The growth of the global market for infrared lighting modules is driven by the rising market for consumer electronics and the increasing demand for infrared lighting modules in industries such as bio-suppliers, electronics, automobiles, and other equipment. The benefits of the infrared lighting module include easy implementation of the design, relatively low power requirements, few international regulatory restrictions, high noise immunity, and higher safety fuelling the demand over the forecast period for the global market for infrared lighting module.
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Global Infrared LEDMarket is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global Infrared LED Market in the Asia Pacific held the largest market share of XX.X% in the year 2018 and the market growth can be majorly credited to the rising consumer electronics sector in countries such as China, India, South Korea, and Taiwan. Some of the factors driving the consumer electronics market are changing consumer lifestyles and growing demand for more advanced electronics.
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Top Market Players
- Kingbright Electronic Co., Ltd.
- OSRAM Opto Semiconductors GmbH
- Epistar Corporation
- Everlight Electronics Co. Ltd.
- High Power Lighting Corporation
- EPILEDS Co. Ltd.
- ON Semiconductors
- Koninklijke Philips N.V.
- Lextar Electronics Corporation
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