What is Infrared LED?
Increasing demand for cameras with night vision capabilities and remote sensing in automotive and consumer electronics industry will help to boost global Infrared LED market in the forecasted period. Growing usage of IR sensors in several industries such as aerospace and defense, chemical-mining, oil and gas, and pharmaceutical is a key factor triggered the demand for infrared LED across the world. It delivers night vision ability in military applications to offer effective vision in unclear atmospheric conditions including fog, dust, smoke, and airborne obscurant. It is important in military applications to identify the position of weapon, whether it is being carried in a relaxed pose or from an aggressive viewpoint. The biometrics industry is the growing segment in the infrared LED market. This is attributed to the growing adoption of iris and facial recognition in electronic devices and this leads to extensive elevation toward mobile payment services. The demand for such technologies is increasing across airports, commercial buildings, and other public buildings.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Philips (The Netherlands), Epistar (Taiwan), Nichia (Japan), Everlight Electronics (Taiwan), High power Lighting (Taiwan), Osram (Siemens)(Germany), Lextar (AU Optronics) (Taiwan), Vishay (United States), Epitex (Singapore), Larson Electronics (United States) and On Semiconductor (United States) |
CAGR | 15.65% |
The Global Infrared LED market is expected to see growth rate of 15.65% and may see market size of USD945.29 Million by 2027.The Market is currently pegged at USD306.45 Million. The study covers a detailed analysis segmented by key business segments i.e. , by application (Imaging, Lighting, Surveillance, Biometrics and Optical Sensing) and major geographies. Research Analyst at AMA predicts that Taiwanish Players will contribute to the maximum growth of Global Infrared LED market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Infrared LED market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Philips (The Netherlands), Epistar (Taiwan), Nichia (Japan), Everlight Electronics (Taiwan), High power Lighting (Taiwan), Osram (Siemens)(Germany), Lextar (AU Optronics) (Taiwan), Vishay (United States), Epitex (Singapore), Larson Electronics (United States) and On Semiconductor (United States).
The global Infrared LED market is highly fragmented, due to the existence of a large number of regional as well as international players around the world. The competition among global and regional players is high due to the fragmented market. Also, It has been analyzing that some large players are losing their market share due to the emergence of new entrants.
Influencing Trend:
High Adoption of IR LEDs in Military Applications, Upsurging Demand from the Surveillance Industry and Increasing Acceptance of Smart Technologies and Focus of Consumers on Safety and Security
Market Growth Drivers:
Huge Demand due to Decreasing Price of IR Receivers, Rising Usage of IR sensors and Growing Market for The Lighting Industry
Challenges:
Rising Concern Regarding Infrared Waves at High Power That Can Damage Eyes
Restraints:
Absence of Global LED Standardization
Opportunities:
Growing Popularity of Wearable Devices such as AR/VR and The Emergence of IoT Enabled Devices
Key highlights of the Global Infrared LED market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Infrared LED market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Infrared LED market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Infrared LED Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Infrared LED market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Infrared LED market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Infrared LED Manufactures, Infrared LED Suppliers and Distributors, Industry Associations, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.