About Infrared Lighting Module
The global Infrared Lighting Module market is expected to witness high demand in the forecasted period due to low power requirements, high noise immunity, and higher security. Due to its use in a variety of consumer electronics applications such as digital cameras, remote controls, DVD players, and smartphones that rely on IR control and sensing devices, the infrared lighting module market is in high demand. The IR Transmitter and Receiver, Op-amp, Variable Resistor (Trimmer pot), output LED, and a few resistors make up the IR sensor module. Transmitter with infrared LEDs. Infrared LEDs emit light in the infrared frequency range. The IR Transmitter and Receiver, Op-amp, Variable Resistor (Trimmer pot), output LED, and a few resistors make up the IR sensor module. Transmitter with infrared LEDs. Infrared LEDs emit light in the infrared frequency range.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 15.21% |
Mergers and acquisitions, expansions, investments, new service launches, and collaborations are among the companies' favored techniques for exploring the market. Players are expanding and acquiring businesses in new geographies in order to get a competitive edge through synergy. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Infrared Lighting Module market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ROHM Semiconductor (Japan), Shanghai Licen Lighting Technology (China), ReneSola Ltd (China), ADATA Technology (Taiwan), SPEA S.p.A. (Italy), King Solarman Inc (United States), Illusion LED Limited (United States), Simmtronics Semiconductors (India), Edison Opto USA (United States) and SAMBO HITECH (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Infrared Lighting Module market by Type (Remote Control Module Receivers, IrDA Communication Modules, Tilt Sensors, Photo Reflectors and Photo Interrupters, IR Receivers and IR Emitters), Application (Toys and Game with Remote Control Modules, Printers, Electronic Devices, Healthcare Devices, Automotive Industries for Counters, Measurement, and Motor Encoders and Security) and Region.
On the basis of geography, the market of Infrared Lighting Module has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sales Channel, the sub-segment i.e. Online Sales Channel will boost the Infrared Lighting Module market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Infrared Lighting Module in Industries such as Bio-suppliers, Electronics, Automotive, and Other Equipment and Adoption by Small and Medium Enterprises
Market Growth Drivers:
Increasing Per Capita Income and Growing Economy and High Demand due to Security Concern
Challenges:
The high competition in the market
Restraints:
Rising Concern Regarding Low Speed than typical RF and Wired Transmission
Opportunities:
The High Growth in Consumer Electronics in Developing Countries
Market Leaders and their expansionary development strategies
In April 2022, LG Innotek (CEO Cheol-dong Jeong) announced on the 20th that it had developed 'Nexlide-E,' an automotive lighting module that produces bright and uniform light. This automotive lighting module is made of three parts. An LED package, which is a light source, is mounted on a thin substrate. Then, optical resin covers the package and substrate for protection. Lastly, a thin optical film is attached on top of the package to spread the light brightly and evenly. The module can be used as taillights, stop lamps, and headlights.
In April 2023, Hikvision enhances ColorVu, its high quality full-color technology, with Super Confocal and Smart Hybrid Light technologies. With these enhanced ColorVu offerings, even sharper imaging is made possible, with precise focusing in ultra-low light and flexible "hybrid" lighting modes to fit the scenario.
Key Target Audience
Infrared Lighting Module Manufactures, Infrared Lighting Module Suppliers, Infrared Lighting Module Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.