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Infrared LED Market Research Report Information 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)- Industry Forecast till 2030

ID: MRFR/SEM/7235-HCR | 100 Pages | Author: Shubham Munde| May 2024

Global Infrared LED Market Overview:

Global Infrared LED Market is supposed to develop from USD 2,288.88 Million in 2018 to USD 1.84 billion by 2030, at a CAGR of 15.30%, 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.

Infrared LED Market 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 2022 to 2030. 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 2022 to 2030. 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.  

Infrared LED Market Key Player & 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 Companies in the Infrared LED Market include 

The Key Players profiled in the Global Infrared LED Mar 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)

Infrared LED Industry Development

December 2023:

TNL Healthcare has started a Kickstarter crowdfunding campaign for COMLAX, the first-ever IR LED patch with stretchable technology, marking a revolutionary advancement in the fields of wellness and infrared treatment. With its ability to adjust to the specific curve of your body, this cutting-edge gadget is able to provide very accurate infrared light treatment in a really customized manner. COMLAX is the ideal remedy for aching muscles and more, all in a small, portable design that you can use anytime, anywhere, thanks to its 72 LEDs and unparalleled simplicity.

The key component of COMLAX's design that distinguishes it from other infrared phototherapy devices on the market is its Stretchable Technology. With the help of this state-of-the-art technology, the patch can conform to the specific curves of your body, giving every square inch of your skin the treatment it requires. COMLAX clings to your body with such ease that you won't have to worry about uncomfortable fits or unsuccessful treatments. It offers unmatched comfort and accuracy.

COMLAX's elastic technology allows it to flex to the natural curves of your body, providing exact adherence and unparalleled light exposure. Enjoy unmatched comfort and effective LED treatment with the cutting-edge stretchy design of COMLAX. Wherever you need it, the ergonomic patch's design makes it simple to apply, even in curved or narrow body parts, to provide pleasant and efficient LED treatment.

With its remarkable 72 LED array, COMLAX offers an unmatched blend of red and near-infrared light treatment. Together, these two light treatments may reach deep into your muscles, increasing blood flow and quickening the body's natural healing processes. COMLAX is the ideal partner whether you're an athlete looking for relief from aching muscles or want to improve your general wellbeing.

COMLAX distinguishes out for having an unusually high number of LEDs crammed into a small form, enabling focused treatment across larger regions.    

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.

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

Report Attribute/Metric Details
Market Size USD 1.84 Billion
CAGR 15.30% (2022-2030)
Base Year 2021
Forecast Period 2022-2030
Historical Data 2020
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Spectral Range, Application , End-Use, Region
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors 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).
Key Market Opportunities Growing security issues
Key Market Drivers Growing adoption across the automotive and healthcare sectors

Frequently Asked Questions (FAQ) :

At 15.30% CAGR, the infrared LED market can value at USD 1.84 billion by 2030.

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.

Infrared LED Market

Global Infrared LED Market is expected to grow USD 1.84 Billion at a CAGR of 15.30% during the forecast period 2022-2030.

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
Companies Profiled   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)
Market Driving Forces   Growing adoption of IR LEDs in dermatology and neurology devices.
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