Infrared LED Market Overview:
According to Market Research Future, the market for the Global Infrared LED has been segmented on the basis of Type, Application, Industry, and Region.
Infrared LEDs are widely being adopted owing to benefits such as affordability, low power consumption, and ease of installation. They are registering a growing adoption across the automotive and healthcare sectors. Furthermore, favorable government regulations and the decreasing price of IR receivers boost the utilization of IR LEDs in various devices. However, the lack of Infrared LED Market global standards is expected to limit market growth.
Major Key Players:
The Prominent Players in the Global Infrared LED Industry 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), and Lumileds (US).
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- Based on the spectral range, the market has been categorized as 700nm–850nm, 850nm–940nm, 940nm–1020nm, and 1020nm–1720nm. The 700nm—850nm segment is projected to account for the largest share during the review period. The growing adoption of facial recognition and iris recognition in consumer electronic devices is expected to drive the demand for IR LEDs in the coming years.
- Based on the application, the market has been categorized as biometrics, imaging, lighting, remote sensing, and surveillance. The surveillance segment dominated the market in 2018. The market is exhibiting a wide adoption of IR LEDs in surveillance cameras. However, the imaging segment is expected to register the highest CAGR during the forecast period from 2019 to 2025. In 2019, Lumileds launched a broadband infrared emitter— LUXEON IR ONYX—for hyperspectral imaging applications.
- Based on end-use, the market has been categorized as aerospace & defense, automotive, BFSI, consumer electronics, e-commerce, education, healthcare, and others. The automotive segment is expected to dominate the review period, whereas the healthcare segment is expected to register the highest CAGR. In 2019, market players such as Nichia, RayVio, and Lumileds launched IR LED for medical applications such as medical phototherapy, sterilization and purification for air, fluids, and surfaces, and machine vision.
The Global Infrared LED Market has been segmented by region, into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to be the largest market in the forecast period, followed by Europe, owing to the high concentration of optoelectronics market players and the easy availability of proficient technical expertise. Europe is expected to hold the second-largest share in the infrared LED market owing to the growing adoption of IR LEDs for automotive lighting applications. Germany is expected to generate the highest demand for IR LED in Europe during the forecast period.
Table of Content
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Infrared LED Market, By Spectral Range
1.1.2. Global Infrared LED Market, By Application
1.1.3. Global Infrared LED Market, By End Use
1.1.4. Global Infrared LED Market, By Region
2. Market Introduction
2.2. Scope of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Macro Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
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List of Tables
Table 1 Market Synopsis
Table 2 List Of Assumptions
Table 3 Global Infrared Led Market, By Spectral Range, 2016–2025 (Usd Million)
Table 4 Global Infrared Led Market, By Application, 2016–2025 (Usd Million)
Table 5 Global Infrared Led Market, By End Use, 2016–2025 (Usd Million)
List of Figures
Figure 1 Global Infrared Led Market: Market Structure
Figure 2 Top-Down & Bottom-Up Approaches
Figure 3 Market Dynamics Analysis Of The Global Infrared Led Market
Figure 4 Value Chain Analysis Of The Global Infrared Led Market
Figure 5 Porter’s Five Forces Analysis Of The Global Infrared Led Market
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