According to the report by Expert Market Research (EMR), the global IR LED market is projected to grow at a CAGR of 8.50% between 2024 and 2032. Aided by the escalating demands in sectors like security, surveillance, and consumer electronics, the market is expected to grow significantly by 2032.
Infrared LEDs emit light in the infrared spectrum, invisible to the naked eye but crucial for various electronic applications. These LEDs are fundamental in remote controls, security cameras, night-vision devices, and increasingly in biometric systems like facial recognition technologies. Their ability to provide illumination in darkness while remaining discreet makes them invaluable in both civilian and military applications.
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The primary factor propelling the IR LED market growth is the escalating need for advanced security and surveillance systems, fuelled by increasing global security concerns. Infrared LEDs are pivotal in CCTV cameras for night-time monitoring, offering enhanced image quality even in low-light conditions. This feature has bolstered their adoption in both residential and commercial security systems.
Another significant driver is the rapid advancement in consumer electronics. The integration of IR LEDs in televisions, air conditioners, and various other household appliances for remote control functionality is a testament to their versatility. Moreover, the burgeoning automotive industry has been integrating these LEDs in driver assistance systems, further fuelling the IR LED market demand.
In the healthcare sector, IR LEDs are utilised in various medical devices, including pulse oximeters and patient monitoring systems, due to their non-invasive and efficient nature. The automotive industry employs IR LEDs in advanced driver-assistance systems (ADAS), enhancing night vision and pedestrian detection capabilities.
The rise in the adoption of facial recognition technology across sectors like banking, retail, and smartphones has also significantly influenced the IR LED market outlook. IR LEDs are essential in these systems for accurate identification and verification processes, ensuring security and personalisation.
The Asia Pacific region dominates the market, attributed mainly to the robust electronics manufacturing sector in countries like China, South Korea, and Japan. North America and Europe also hold significant market shares, driven by advanced technological infrastructure and high adoption rates of security and surveillance systems.
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IR LED Market Segmentation
The market can be divided based on technology, spectral range, application, end-use, and region.
Market Breakup by Technology
- IR LED Chip
- IR LED Package
Market Breakup by Spectral Range
- 700 nm – 850 nm
- 850 nm – 950 nm
- 950 nm – 1020 nm
- 1020 nm – 1720 nm
- Others
Market Breakup by Application
- Biometrics
- Imaging
- Lighting
- Remote Sensing
- Surveillance
- Others
Market Breakup by End-Use
- Aerospace and Defence
- Automotive
- Consumer Electronics
- Commercial
- Industrial
- Healthcare and Hospitality
- Retail
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global IR LED market. Some of the major players explored in the report by Expert Market Research are as follows:
- OSRAM Opto Semiconductors GmbH
- EPILEDS Technologies, Inc.
- Epistar Corporation
- Nichia Corporation
- Kingbright Company, LLC
- Everlight Electronics Co., Ltd
- ROHM Co., Ltd.
- Würth Elektronik GmbH & Co. KG
- Harvatek Corporation
- Hamamatsu Photonics K.K
- Others
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