Infrared LED Market Research Report - Global Forecast till 2027

Global 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

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


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.


Infrared LEDs are special-purpose LEDs that are made of gallium arsenide or aluminum gallium arsenide and that emit infrared rays at a wavelength ranging from 7nm to 1mm. The application of IR LED wavelength varies in accordance with its wavelength. For instance, infrared LED with a wavelength of 940nm is widely used in remote controllers and IR LED with a wavelength of 808nm is widely used in medical treatment appliances and space optical communication.


The Global Infrared LED Market has been segmented based on spectral Range, Application, End Use, and Region.


By Spectral Range, the market has been segmented into 700nm–850nm, 850nm–940nm, 940nm–1020nm, and 1020nm–1720nm. The 700nm–850nm segment is expected to dominate the market in 2018. It is also expected to register the highest CAGR during the forecast period. The key driver for the growth of this segment is the rise in the adoption of features such as facial recognition and iris recognition in consumer electronics.


By Application, the market has been segmented into biometrics, imaging, lighting, remote sensing, and surveillance. The surveillance segment is expected to account for the largest market share. The growing adoption of IR LED in night vision cameras is the key market driver. However, the imaging segment is expected to register the highest CAGR during the forecast period.


By End Use, the market has been segmented into aerospace & defense, automotive, BFSI, consumer electronics, e-commerce, education, healthcare, and others. The automotive segment is projected to hold the largest market share. In 2018, OSRAM launched a 940nm IR LED that enables automotive facial recognition. However, the healthcare segment is expected to register a significant CAGR during the forecast period owing to the growing adoption of IR LEDs in dermatology and neurology devices.


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.


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



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.