Press Release

Fatpos Global

Global Infrared LED Market Size & Share to Record New Values for the Forecast Period 2020-2030

April 8th, 2021 6:51 AM

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 two devices in combination with the IR receiver.

Global Infrared LED Market to surpass USD million by 2030. The rising trend for smart homes 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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  • Market size & share analysis
  • Top market players with sales, revenue, and business strategies analysis
  • Market growth drivers and restraints
  • Market opportunities & challenges
  • Research methodology

Global Infrared LED Market: Key Players

  • NICHIA CORPORATION
  • Kingbright Electronic Co., Ltd.
  • OSRAM Opto Semiconductors GmbH
  • Epistar Corporation
  • Everlight Electronics Co. Ltd.
  • High Power Lighting Corporation
  • EPILEDS Co. Ltd.
  • ON Semiconducts
  • Koninklijke Philips N.V.
  • Lextar Electronics Corporation

Global Infrared LED Market: Segments

850nm-950nm Segment to grow with the highest CAGR during 2019-30

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 the market demand.

Biometric Segment to grow with the highest CAGR during 2019-30

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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Global Infrared LED Market: Market Dynamics

Drivers

Huge increase in the adoption of security cameras

IR receivers and IR LEDs will operate together as IR sensors, which also notes that the overall price of such shaped sensors would be influenced by the increase or decrease in the individual prices of IR receivers and IR LEDs. In the recent past, the price of IR receivers has decreased, which has subsequently increased the market for general IR sensors, including IR LEDs. Increased use of IR sensors in many industries, including aerospace and defense, oil and gas, chemical-mining, and pharmaceutical, is a key factor accelerating the global demand for IR LEDs. The market for photodiodes and phototransistors is expected to report substantial growth over the next few years, with the growing acceptance of sensor-based technologies in the automotive sector, resulting in higher demand for IR LEDs.

Growing demand in consumer electronic devices

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 fueling the demand over the forecast period for the global market for infrared lighting module.

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Restrain

High implementation and maintenance cost of structured products

Some of the drawbacks can obstruct transmissions, such as low speed than standard RF and wired transmission, weather and light-sensitive, short-range, materials such as plants, walls, people, and other objects, and line of sight leads to restricting the worldwide market for infrared lighting modules. However, as the demand for sensors in smartphones and tablets is experiencing saturation, the IR Driven demand is also observing minor saturation, in terms of advanced technologies & designs, which is expected to restrict the market growth.

Global Infrared LED Market: Regions

Global Infrared LED Market 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 Asia Pacific held the largest market share 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.

Global Infrared LED Market report also contains analysis on:

Global Infrared LED Market Segments:

  • By Spectral Range:
    • 700nm-850nm
    • 850nm-950nm
    • 950nm-1020nm
    • 1020nm-1720nm
  • By Application:
    • Biometrics
    • Imaging
    • Lighting
    • Remote sensing
    • Surveillance
  • By Sector:
    • Aerospace & defense
    • Automotive
    • BFSI
    • Consumer electronics
    • Education
    • Healthcare
    • Industrial
    • Retail
  • Infrared LED Market Dynamics
  • Infrared LED Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

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About us

Fatpos Global stands for “Failures Are The Pillar of Success”. We are a rapidly-growing global management consulting, advisory, and market research services provider that aims to aid businesses with bold decisions that help them embrace change for their sustainable growth. With the help of our experts and industry veterans and their years of expertise across different industry verticals, we aid businesses with solutions that help in their efficient decision making and Developing executable strategies. With a vibrant ecosystem of robust digital innovation and a vision for the delivery of management consulting, advisory, and market research services and solutions in better, faster, and transformational growth strategies, we thrive to enable our extraordinary thought leadership processes into our services with the equitable analytical tools and experiences that help us make our clients achieve their goals turn into a reality

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London, N1 7AA, UK      

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