Infrared LED Market Research Report - Global Forecast till 2027

Infrared LED Market Research Report: By Spectral Range (700nm–850nm, 850nm–940nm, 940nm–1020nm, and 1020nm–1720nm), Application (Biometrics, Imaging, Lighting, Remote Sensing, and Surveillance), End-Use (Aerospace & Defense, Automotive, BFSI, Consumer Electronics, E-Commerce, Education, Healthcare, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027

ID: MRFR/SEM/7235-HCR | February 2021 | Region: Global | 100 pages         

Infrared LED Market

Global Infrared LED Market is expected to grow from USD 2,288.88 Million in 2018 to USD 4,827.54 Million by 2025, at a CAGR of 16.10%, during the forecast period.

Segmentation

By Spectral Range 700nm–850nm 850nm–940nm 940nm–1020nm and 1020nm–1720nm
By Application Biometrics Imaging Lighting Remote Sensing Surveillance
By End-Use Aerospace & Defense Automotive BFSI Consumer Electronics E-Commerce Education Healthcare

Key Players

  • 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)

Drivers

  • Growing adoption of IR LEDs in dermatology and neurology devices.
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Infrared LED Market Overview:


Global Infrared LED Market is supposed to develop from USD 2,288.88 Million in 2018 to USD 4,827.54 Million by 2025, at a CAGR of 16.10%, during the conjectured time frame.


Infrared LEDs are specific reasons LEDs made of gallium arsenide or aluminium gallium arsenide discharge infrared beams at a frequency going from 7nm to 1mm. The use of IR LED frequency shifts as per its frequency. For example, infrared LED with a frequency of 940nm is broadly utilized in far off regulators. IR LED with a frequency of 808nm is generally utilized in clinical treatment machines and space optical correspondence.


The Global Infrared LED Market has been portioned in light of phantom Range, Application, End-Use, and Region. Infrared (IR) LED Market size outperformed USD 500 million every 2019 and is assessed to develop at more than 10% CAGR somewhere between 2020 and 2026. The worldwide business shipments will arrive at 8 billion units by 2026.


IR LEDs are a specific reason light discharging diodes transmit IR signals at additional long frequencies. These gadgets permit modest and effective creation of IR light and can convey electromagnetic radiations in 700 nm to 1mm territory. IR LEDs are utilized in a wide scope of sign exchange frameworks, including controllers of TV, infrared cameras for observation and night vision, and so on.


These LEDs are building up forward momentum in the hardware area because of low hotness age and low power utilization. The Infrared LED market is sub-sectioned into Consumer gadgets, Healthcare, Industrial and BFSI.


Key Players


The Key Players profiled in the Global Infrared LED Market research report 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). In 2019, Lumileds launched a broadband infrared emitter— LUXEON IR ONYX— for hyperspectral imaging applications.


Global Infrared LED Market  Infrared LED Market


Source: MRFR Analysis


Segmentation


Based on spectral range, the market has been segmented into 700nm–850nm, 850nm–940nm, 940nm–1020nm, and 1020nm–1720nm.


Based on Application, the market has been segmented into biometrics, imaging, lighting, remote sensing, and surveillance.


Based on end use, the market has been segmented into aerospace & defense, automotive, BFSI, consumer electronics, e-commerce, education, healthcare, and others.


By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Recent Development


May 2021:


PHOSEON TECHNOLOGY sent off FireJet and FireEdge NIR adventurer close to infrared lights for 3D printing and nailing to low movement application, hoping to support the worldwide market. Developing utilization of infrared LED in military activities for distinguishing weaponized gadgets and secret bombs, and permeability of focuses at awful weather patterns like residue and haze.


Regional Analysis


The Global Market for Infrared LED is estimated to grow at a significant rate during the forecast period from 2019 to 2025. The geographical analysis of the Infrared LED market has been done for North America, Europe, Asia-Pacific, and the rest of the world. 


Asia-Pacific is expected to hold the largest share in the Infrared LED market from 2019 to 2025. The high concentration of optoelectronics market players, easy availability of proficient technical expertise, and increasing investments by the governments in the region are the key drivers of the market.


Europe is expected to hold the second-largest market share during the forecast period owing to the rapid growth in the automotive sector. Germany is the most lucrative market in the region, followed by the UK and France.  


Competitive Analysis


The Key Players have adopted new product development as a part of their growth strategy to further increase their share in the global Infrared LED market. For instance, in 2019, Everlight Electronics launched two new infrared LED products, namely VS-FI3535 LED and ALS-DPDIC17 LED for the automotive sector. These products are used for automotive applications such as driver facial recognition and automatic dimming of rearview mirrors and dashboard lights.


The partnership is another key growth strategy adopted by manufacturers to enhance their global market presence. For instance, in the 2018 engineering team from Lumileds and Melexis developed an evaluation kit that enables the operation of LUXEON IR LEDs at high frequencies up to 40MHz.


Key Players


The Prominent Players in the Global Infrared LED Market 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).


Intended Audience



  • LED manufacturers

  • Display panel manufacturers

  • Brand customers/OEMs/ODMs

  • Display-related service providers

  • Display-related associations, organizations, forums, and alliances

  • Government bodies such as regulatory authorities and policymakers

  • Venture capitalists, financial and strategic investors, and start-ups

  • Semiconductor component suppliers

  • Distributors and sales firms of display panels and devices

  • End users of display devices

  • Research institutes, organizations, and consulting companies



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Frequently Asked Questions (FAQ) :

At 16.10% CAGR, the infrared LED market can value at USD 951.59 Mn by 2025.

Epistar Corporation (Taiwan), Excelitas Technologies Corporation (US), and Everlight Electronics Co. Ltd (Taiwan) are reputed companies operating in the infrared LED market.

In 2018, the infrared LED market valued at USD 2,288.88 Mn.

700nm–850nm, 940nm–1020nm, 850nm–940nm, and 1020nm–1720nm are spectral ranges in which infrared LED operates.

Biometrics, lighting, imaging, surveillance, and remote sensing deploy of infrared LED.