Global Infrared LED Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 15% during forecast period.
Global Infrared LED Market
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Market Definition
An infrared light emitting diode (IR LED) is a special propose lighting device which emits light in infrared range such as from 700 nm to 1 mm wavelength of the electromagnetic radiation spectrum. IR LEDs are generally created by using aluminium gallium or arsenide gallium arsenide. The illumination of IR LED is same as standard LED. It is normally used in combination with the IR receiver to maintain a wireless communication between two or more than two devices.
Market Dynamics
Surge in the adoption of IR LED in industrial applications such as surveillance industry including biometric ID solutions, CCTV camera, iris recognition and image recognition is the major driving factor behind the growth of market. IR LED provides some major benefits such as high reliability, excessive radiant intensity, lower cost, energy efficiency and low forward voltage are gaining focus of IR LED for use in electronic devices, which ultimately improving the growth of market. Growing production of electronic devices such as remote of the television, transmission systems, and infrared cameras with the use of IR LED is further propelling the growth of market.
Nevertheless, slow transmission data rate and limited range are major restraining factors that could hamper the growth of market. IR LED can be affected by environmental conditions such as fog, rain, dust and pollution and incapability of IR LED to work through wall and doors could hinder the growth of market.
Global Infrared LED Market: Segmentation Analysis
By application, surveillance segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of 16% during forecast period. The growth is attributed to the high requirement of IR LEDs in night-vision infrared cameras which are further used in the military and defence industry for security purpose. With the use of IR LED, infrared cameras can detect invisible infrared wavelengths range by enabling the camera to see in the dark. Most infrared cameras have a series of IR LEDs which spread infrared light at night. Also increasing adoption of IP cameras with built in IR LED for the video surveillance purpose is further propelling the growth of market.
By end user, automotive and consumer electronics segments dominated the market in 2019 and are expected to keep their dominance at CAGR of XX% during forecast period. The development of infrared technology in the automotive applications is contributed to the growth of market. IR LED used for both interior and exterior automotive lighting applications. Automotive industrial applications for safety and convenience are enabled by infrared LEDs in differing spectral bands. IR LED in interior automotive applications is can detect driver awareness by improving road safety for both drivers and pedestrians. In consumer electronics industry IR LED is used for the remote sensing purpose such as in the remote of TV and is also used in the mobile device sensors as image sensors, face, iris and finger recognitions biometrics sensors, which are further propelling the growth of market.
Global Infrared LED Market: Regional Analysis
Region wise, Asia Pacific held the largest market share in 2019 and is projected to keep its dominance at CAGR of XX% during forecast period. The developing economies such as China, India, Japan and South Korea are major key contributors behind the growth of market. The growth is attributed to the growing consumer electronics industry with the massive production of electronic devices by using IR LEDs. Massive presence of IR LED manufacturing companies and Smartphone manufacturing companies which are continuously adopting IR LED sensors is further driving the growth of market.
Surge in the financial investment by governments for the development of industries such as automotive and healthcare and rapidly growing urbanization and industrialization is propelling the growth of market.
Global Infrared LED Market: Key Development
In Feb 2019, Lumileds announced at the Barcelona Mobile World Congress, the LUXEON IR ONYX LED for use in spectroscopy and hyperspectral imaging applications. The LUXEON IR ONYX LED features a continuous broadband infrared (IR) emission from 650 to 1100nm with superior light output characteristics.
In July 2018, Osram Opto Semiconductors expanded its proven Oslon Black portfolio for infrared illumination with the addition of an infrared LED with a narrower beam angle of ± 25°.
The objective of the report is to present a comprehensive analysis of the Global Infrared LED Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Infrared LED Market dynamics, structure by analyzing the market segments and projects the Global Infrared LED Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Infrared LED Market make the report investor’s guide.
The Scope of Global Infrared LED Market
Global Infrared LED Market, By Spectral Range
- 700nm–850nm
- 850nm–940nm
- 940nm–1020nm
- 1020nm–1720nm
Global Infrared LED Market, By Application
- Biometrics
- Imaging
- Lighting
- Remote Sensing
- Surveillance
Global Infrared LED Market, By End User
- Aerospace & Defense
- Automotive
- BFSI
- Consumer Electronics
- E-Commerce
- Education
- Healthcare
- Others
Global Infrared LED Market, By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Infrared LED Market, Key Players
- Epileds Technologies
- Epistar Corporation
- Everlight Electronics Co. Ltd
- Excelitas Technologies Corporation
- High Power Lighting Corporation
- Kingbright
- OSRAM GmbH
- Lextar Electronics Corporation
- Lite-On Technology, Inc
- Nichia Corporation
- Luna Optoelectronics
- Marktech Optoelectronics
- Würth Elektronik GmbH & Co. KG
- Lumileds
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The latest trending report Global Infrared LED Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Infrared LED market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 8.1% in the forecast period of 2020 to 2025 and will expected to reach USD 571.4 million by 2025, from USD 417.8 million in 2019.The Infrared LED market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/46763-infrared-led-industry-analysis-reportThe major players covered in Infrared LED are: Epistar Vishay High power Lighting Nichia Opto Everlight Electronics Larson Electronics Lextar Osram Epitex Kingbright New Japan Radio On Semiconductor Philips Lite on Fluke ROHM Semiconductor Epileds ExcelitasBy Type, Infrared LED market has been segmented into Emitters Receivers TransceiversBy Application, Infrared LED has been segmented into: Biometric Imaging LightingThe report offers in-depth assessment of the growth and other aspects of the Infrared LED market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Infrared LED Market @ https://www.decisiondatabases.com/contact/download-sample-46763The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Infrared LED product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Infrared LED, with price, sales, revenue and global market share of Infrared LED in 2018 and 2019.Chapter 3, the Infrared LED competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Infrared LED breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Infrared LED market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Infrared LED sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Infrared LED Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-46763Other Reports by DecisionDatabases.com:Global Micro-LED Displays Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global LED Stage Lighting Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Superflux LEDs Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The Report published on UpMarketResearch.com about “Infrared LED Market” is spread across 119 pages and provides newest industry data, market future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists and studies the leading competitors, also provides the insights with strategic industry Analysis of the key factors influencing the market.Get FREE Sample Copy Of This Report @ https://www.upmarketresearch.com/home/requested_sample/6398Infrared LED Market Research Report is a professional and in-depth study on the current state which focuses on the major drivers and restraints for the key players.
Infrared LED Industry research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.The report begins with the overview of the Infrared LED market and updates the users about the latest developments and future expectations.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.In Infrared LED Market Report, there is a healthy amount of coverage of the market economies such as the demand and supply, cost and profit of the Infrared LED Market.
This holds key importance for users and hence this information is well supported with due statistics that are represented in easy to consume graphs, charts, and tables.Buy this report@ https://www.upmarketresearch.com/buy/infrared-led-marketThe report compiles exhaustive information obtained via proven research methodologies and from trusted sources within the industries.The report segments the Global Infrared LED market as:Regional Segment Analysis (Regional Consumption Volume, Consumption Volume, Revenue and Growth Rate 2018- 2025):North AmericaEuropeChinaJapanIndiaSoutheast Asia Product Type Segment Analysis (Consumption Volume, Average Price, Revenue, Market Share and Trend 2018- 2025):1mW-10mW20mW-50mW50mW-100mWOther Application Segment Analysis (Consumption Volume and Market Share 2018- 2025; Downstream Customers and Market Analysis)BiometricImagineLightingOther Key Players/Competitor Segment Analysis (Company and Product introduction, Infrared LED Market Sales Volume, Revenue, Price and Gross Margin):Osram Opto SemiconductorRoyal PhilipsEpistarNichiaROHM SemiconductorsEverlight ElectronicsHigh power LightingLextar ElectronicsOpto TechVishay IntertechnologyUshio EpitexLarson ElectronicsOpto DiodeFlukeEpiledsFairchild SemiconductorsNew Japan RadioExcelitas TechnologiesLite on Opto ElectronicsKingbright ElectronicsIn this study, the years considered to estimate the market size of Infrared LED are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025 The Report covers in-depth analysis as follows:Chapter 1 Industry Overview of Infrared LEDChapter 2 Manufacturing Cost Structure Analysis of Infrared LEDChapter 3 Technical Data and Manufacturing Plants Analysis of Infrared LEDChapter 4 Global Infrared LED Overall Market OverviewChapter 5 Infrared LED Regional Market AnalysisChapter 6 Global 2013-2018E Infrared LED Segment Market Analysis (by Type)Chapter 7 Global 2013-2018E Infrared LED Segment Market Analysis (by Application)Chapter 8 Major Manufacturers Analysis of Infrared LEDChapter 9 Development Trend of Analysis of Infrared LED MarketChapter 10 Infrared LED Marketing Type AnalysisChapter 11 Consumers Analysis of Infrared LEDChapter 12 Conclusion of the Global Infrared LED Market Professional Survey Report 2017For more information@ https://www.upmarketresearch.com/home/enquiry_before_buying/6398Key Reasons to Purchase:To gain insightful analyses of the market and have a comprehensive understanding of the Infrared LED and its commercial landscape.Assess the Infrared LED production processes, major issues, and solutions to mitigate the development risk.To understand the most affecting driving and restraining forces in the Infrared LED market and its impact on the global market.Learn about the market strategies that are being adopted by your competitors and leading organizations.To understand the future outlook and prospects for Infrared LED MarketCustomization of the Report:UpMarketResearch provides free customization of reports as per your need.
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Market AnalysisThe global Infrared LED market is predicted to touch USD 2,288.88 million at a 16.10% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis.
Infrared LEDs, simply put, are transmitters that radiate IR beams at a higher drawn-out wavelength compared to obvious light.
As per the current MRFR report, such factors include growing demand for integration of remote sensing and hyper spectral imaging in automotive, consumer electronics, and other allied industries, growing popularity of such devices among end users DIY security cameras, increasing security concerns, booming smartphone industry, and increasing construction of smart commercial complexes and smart homes.
On the contrary, low penetration of technology, declining cost of components, and the reduction in production capacity due to the shutting down of manufacturing plants and shortage of raw materials for the ongoing COVID-19 outbreak may impede the global infrared LED market growth over the forecast period.
Key PlayersKey players in the infrared LED market report include Lumileds (US), Würth Elektronik GmbH & Co. KG (Germany), Marktech Optoelectronics (US), Luna Optoelectronics (US), Nichia Corporation (Japan), Lite-On Technology, Inc. (Taiwan), Lextar Electronics Corporation (Taiwan), OSRAM GmbH (Germany), Kingbright (Taiwan), High Power Lighting Corporation (Japan), Excelitas Technologies Corporation (US), Everlight Electronics Co. Ltd (Taiwan), Epistar Corporation (Taiwan), and Epileds Technologies (Taiwan).
By end use, the global infrared LED market is segmented into healthcare, education, e-commerce, consumer electronics, BFSI, automotive, aerospace and defense, and others.
