Enjoy complimentary customisation on priority with our Enterprise License!
The infrared (IR) light-emitting diode (LED) market size is forecast to increase by USD 313.1 million at a CAGR of 9.45% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. One major factor is the increasing government initiatives for video surveillance, Security which is leading to a surge in demand for IR LED used in night vision and thermal imaging applications. Another trend is the expanding use of IR LEDs in driver monitoring systems, as automotive manufacturers seek to improve safety features in vehicles. Additionally, time-to-market pressure on IR LED manufacturers is driving innovation and advancements in production processes and technology. These factors, among others, are expected to fuel the growth of the IR LED market in the coming years.
_light-emitting_diode_(led)_market_size_abstract_2023_v1.jpg?format=webp)
To learn more about this report, View Report Sample
The market is witnessing significant growth due to the increasing demand for Ir LEDs in various applications such as Healthcare devices, Smart home appliances, security cameras, Automotive electronics, and Advanced vehicle systems. Technology advancements in IR LEDs, including their integration into Biometric systems, Imaging, Energy-efficient lighting, and Smart lighting systems, are driving market growth. IR LEDs offer Energy efficiency, Smart technologies, and Spectral range advantages, making them ideal for Temperature sensing, Automatic detection, and Remote controllers in various industries. The IR LED market is also expanding in Consumer Electronics, Aerospace and Defense, and other sectors, with applications ranging from clinical treatment machines to space optical communication, sign exchange systems, Infrared cameras, Night vision, and more. Gallium arsenide and Aluminium gallium arsenide are commonly used materials for manufacturing Ir LEDs. The market is further propelled by the increasing penetration of IR LEDs in Smartphones and the use of IR beams for Frequency modulation in various applications. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing integration of biometrics in consumer electronics is notably driving the infrared (IR) light-emitting diode (LED) market growth. Advanced computer chips, modern camera sensor, and highly efficient infrared light-emitting diodes are integrating complex eye-tracking systems into consumer devices such as smartphones, notebooks, and tablets. These systems allow the device to detect the user's eye movements. Besides common input methods, eye tracking and retinal scanning enable new intuitive interactions between humans and machines. Eye tracking systems can record eye movements and the direction people are looking. Most of these systems use infrared light to illuminate the user's eyes, click images with a camera, and estimate eye movements from image data. An image processing algorithm takes this raw data and calculates the position of the pupil. Based on information about the position of a reference object such as a screen, special software can detect exactly where the user is looking.
Moreover, regardless of eye color, infrared illumination ensures the necessary contrast between the iris and pupil, especially in low light or when the screen background is very bright. Several infrared emitting diode manufacturers, such as OSRAM, have begun developing products for consumer electronics biometrics. Therefore, the application of biometrics in consumer electronics will increase the demand for infrared light-emitting diodes, driving the infrared (IR) light-emitting diode (LED) market growth during the forecast period.
The increasing number of smart cities is a key trend influencing the Infrared (IR) LED Market growth. A smart city is an amalgamation of multiple digital technologies that improve communication between devices, improve urban infrastructure, reduce costs, improve quality of life, and enable efficient use of resources. Intelligent traffic control, home surveillance, and safe and intelligent mobility are essential elements of smart cities. Smart cities use multiple interconnected digital technologies to improve communication between devices, increase performance, reduce costs, and contribute to the efficient use of resources. These digital technologies include Smart Pole solutions that support intelligent transportation. Smart City enables smart pole end-users to quickly respond to challenges faced by city dwellers. Surveillance and security equipment such as CCTV cameras are widely used in smart cities for traffic control, vehicle speed monitoring, automatic license plate recognition, and parking assistance.
Moreover, the number of smart cities is expected to grow rapidly during the forecast period. Cutting-edge technologies such as big data and artificial intelligence carry out tasks such as real-time video surveillance and emergency response. This will increase the demand for surveillance systems and related components such as infrared emitting diodes. Therefore, with the increasing number of smart cities, the application of infrared light-emitting diodes will increase, which will drive the market over the forecast period.
Indoor limitations of infrared light-emitting diodes are challenging the market growth. Indoor use of cameras with infrared emitting diodes is not easy due to reflective surfaces. In residential applications, infrared emitting diodes tend to bounce off windows and reflect back onto the camera, so if the camera is pointed looking through a window, the video will be washed out. Video from high-power infrared security cameras is usually washed out by these reflective surfaces. In addition, infrared-emitting diodes are bright and powerful and bounce off opposite surfaces and surroundings.
Infrared cameras can be used indoors when there are open areas free of reflective surfaces, windows, or other objects. However, it does not perform optimally indoors. Therefore, limitations on indoor infrared light-emitting diodes will have a negative impact on market growth during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Adolf Wurth GmbH and Co. KG: The company offers different types of infrared light-emitting diodes such as SFH 4718A, SFH 4053, and many more.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the gallium arsenide LED segment will be significant during the forecast period. A semiconductor called gallium arsenide(GaAs) can emit light and is used in the LED field because of its direct bandgap. GaAs infrared emitting diodes are fast, making them suitable for use in radio frequency (RF) devices such as mobile phones and microwave ovens, which are primarily used in military applications such as radar and smart weapons. Demand for GaAs infrared emitting diodes is expected to grow moderately, driven by increased ruggedness, efficient power consumption, and superior performance of GaAs devices. These advantages make these components attractive solutions in industries such as consumer electronics. This ultimately increases market revenue over the forecast period.
_light-emitting_diode_(led)_market_segments_abstract_2023_v2.jpg?format=webp)
Get a glance at the market contribution of various segments View the PDF Sample
The gallium arsenide LED segment was valued at USD 180.10 million in 2018 and continued to grow until 2022. The gallium arsenide(GaAs) infrared emitting diode segment is growing due to the increasing adoption of smart homes, mobile phones, and high-frequency radar systems. GaAs infrared emitting diode materials have applications in specific areas such as infrared spectroscopy, which is used to determine the wavelength range of a signal. For example, a GaAs sensor incorporating an infrared emitting diode is designed for multichannel near-infrared spectrophotometry. Also, the increasing adoption of these sensors in spectroscopy and healthcare applications will propel the market over the forecast period.
_light-emitting_diode_(led)_market_regions_abstract_2023_geo_v2.jpg?format=webp)
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 68% to the growth of the global IR light-emitting diode (LED) market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC is a global manufacturing center for consumer electronics and other industrial products requiring infrared light-emitting diodes. APAC's automotive industry is large. There are many famous automobile manufacturers in Japan such as Toyota, Nissan, Suzuki, and Mitsubishi Motors. Infrared emitting diodes are widely used in automotive applications such as driver monitoring and gesture control. Rising automobile production in APAC will drive the adoption of infrared light-emitting diodes, which will ultimately drive the growth of the market during the forecast period. There is also a huge demand for consumer electronics in APAC as it is the manufacturing base for various electronic display products. The widespread acceptance of remote controls by major smart TV and game console manufacturers in the region is another factor driving the demand for infrared-emitting diodes in APAC. Moreover, the growing demand for infrared light-emitting diodes from end-users such as automobiles and consumer electronics is expected to boost the growth of the market during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The market encompasses a wide range of applications, including Healthcare devices, Smart home appliances, security cameras, Automotive electronics, and Advanced vehicle systems. Technology advancements have led to the integration of Infrared LEDs in various sectors, such as Biometric systems, Imaging, Lighting, Surveillance, Infrared communication technologies, Facial recognition systems, Fingerprint scanners, Smart Phone and Iris recognition technologies. The market for Infrared LEDs is driven by the increasing demand for Security applications, Access control, and Government and defense. Performance reliability is a crucial factor in the market, with Alternative technologies like Visible LEDs and Laser diodes competing for market share. Regulations and standards play a significant role in the market, with a focus on Energy efficiency and Smart technologies.
The Infrared LED market includes various spectral ranges, including Short-wave infrared LED, Medium-wave infrared, and Long-wave infrared. Applications in Night vision systems, Driver monitoring systems, Thermal imaging, Environmental monitoring, Medical diagnostics, Gas leaks detection, Air quality monitoring, Energy-efficient lighting, and Smart lighting systems are gaining popularity. Furthermore, the market is witnessing growth in sectors like Aerospace and Defense and Consumer Electronics. Autonomous vehicle technologies and Infrared LEDs for Night vision systems and Driver monitoring systems are expected to drive the market in the coming years. The market is also witnessing advancements in spectral range, with the development of new technologies like Short-wave infrared LED, Medium-wave infrared, and Long-wave infrared LEDs.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
173 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 9.45% |
|
Market growth 2024-2028 |
USD 313.1 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
8.42 |
|
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 68% |
|
Key countries |
China, US, South Korea, Taiwan, and Singapore |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Adolf Wurth GmbH and Co. KG, ams OSRAM AG, Ennostar Inc., Epileds Technologies Inc., EVERLIGHT ELECTRONICS CO. LTD., EXALOS AG, Excelitas Technologies Corp., High Power Lighting Corp., Kingbright Electronic Co. Ltd., Kioxia Corp., Lumileds Holding BV, Luna Innovations Inc., Marktech Optoelectronics Inc., Nichia Corp., ROHM Co. Ltd., TE Connectivity Ltd., Toyoda Gosei Co. Ltd., Ushio America Inc., Vishay Intertechnology Inc., and Wolfspeed Inc. |
|
Market dynamics |
Parent market analysis, Market growth analysis, market research and growth, market forecasting, market report, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
