Infrared LED Market Research Report - Global Forecast till 2030

Impact of COVID-19 on Infrared LED Market

The spread of COVID-19 pandemic has resulted in the lockdown around the world, which has paused the business productions and other operations activities, leading to enormous impact worldwide. In order to stop the spread of the virus, the government across the world is developing a stringent surveillance mechanism to ensure that people are instructed to self-quarantine for 14 days or in the high-risk zone. COVID-19 pandemic adversely affected various industries, either positively or negatively. The technology industry is one of the most affected industry, is not only tackling with the challenges occurred by the pandemic but also has to relook on the operating plans and strategies, post-pandemic. In the LED industry, most of the production activities take place in China, which is the hub of the raw materials as well as an origin to spread the COVID-19 across various countries of the world. The IR LEDs are a solid-state lightening device that emits light in the infrared range of the electromagnetic radiation spectrum.

These LEDs with the sensing function are applied to monitor the flow of people in public areas, which helps the individuals to maintain social distancing when lockdowns lifted. Post lockdown, the IR sensing technology would help in analyzing and tracking the accurate flow of the people by supporting the public building, malls, airports, banks, and other public places to monitor the public flow and maintain safe social distance between people. The increasing adoption of the infrared LEDs in the night vision system, security camera, and night vision goggles in order to enhance situational awareness is driving the market growth. These IR LEDs are widely adopted in the security and surveillance application. These security cameras help in detecting the people having fever through thermal imagining technology. This is directly impacting the growth of the market.

Top 5 countries with the highest Surveillance Cameras in 2019 (Units in Millions)

Impact Analysis