Please Wait.....
Report
Infrared (IR) LED Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Market Report I 2024-07-30 I 250 Pages I Global Market Insights
The infrared (IR) LED market is poised to record a 15% CAGR over 2024-2032, driven by technological advancements and increasing demand across multiple sectors. IR LEDs are used widely in consumer electronics, such as remote controls, cameras, and optical communication systems. Additionally, the proliferation of smart devices and the Internet of Things (IoT) has heightened the demand for IR LEDs, essential for applications like motion sensing and gesture recognition.
The product is used for night vision in security cameras, ensuring clarity in low-light conditions. With global security concerns rising, the demand for advanced surveillance solutions is increasing. Furthermore, the technology advancement in technology, in consort with product incorporation in healthcare applications is pushing the industry growth. For instance, in November 2023, TNL Healthcare launched a Kickstarter crowdfunding campaign for COMLAX, the first stretchable IR LED patch. This innovative device provides personalized infrared light therapy with 72 LEDs, adapting to body contours for effective relief of sore muscles.
The overall infrared LED industry is classified based on spectral range, application, end-user, and region.
The gallium antimonide (GaSb) segment will gain significant traction through 2032, due to its ability to produce high-efficiency, high-performance IR LEDs that operate in the mid-infrared spectrum. GaSb-based LEDs are ideal for applications requiring precise IR detection and sensing, such as medical imaging, environmental monitoring, and advanced communication systems. The GaSb's advantages in achieving higher output power and better thermal stability compared to other materials is favoring its incorporation in both existing and emerging technologies.
The biometric application segment is experiencing notable growth due to the increasing popularity of fingerprint scanners and facial recognition systems in consumer electronics. IR LEDs provide the necessary illumination for capturing accurate and detailed biometric data in biometric applications. The advancement in IR LED technology ensures higher security and efficiency in user identification processes. As organizations and institutions prioritize secure access and identity verification, the demand for IR LEDs in biometric applications continues to rise.
Asia Pacific infrared (IR) LED market is set to experience robust growth over 2024-2032, driven by rapid industrialization. The wider adoption of smart devices, including smartphones, tablets, and home automation systems, has heightened the demand for IR LEDs, which are integral to various applications like gesture recognition, night vision, and proximity sensing. Additionally, the rise of infrastructure development and smart city initiatives in Asia Pacific is propelling the market, as IR LEDs are utilized in security and surveillance systems.
Report Content
Chapter 1 Methodology and Scope
1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Infrared LED market 360synopsis, 2021 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Type trends
2.5 Mass trends
2.6 Application trends
2.7 Component trends
2.8 End-user trends
Chapter 3 Infrared LED Market Insights
3.1 Impact on COVID-19
3.2 Russia-Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology and innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Increasing adoption of IR LEDs in healthcare devices
3.10.1.2 Growing usage of IR LEDs in BFSI
3.10.1.3 Increasing demand for smart home appliances
3.10.1.4 Rising adoption of IR LED packages for use in surveillance and security cameras
3.10.1.5 Rising integration of automotive electronics and advanced vehicle systems
3.10.2 Industry pitfalls and challenges
3.10.2.1 Lack of awareness and limited application areas of IR LEDs
3.10.2.2 Low penetration of LED technology in several countries
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
4.3.1 ON semiconductor
4.3.2 Ams OSRAM
4.3.3 Ushio OPTO semiconductors Inc.
4.3.4 EPISTAR (Ennostar Inc.)
4.3.5 DOWA electronics materials Co., Ltd.
4.3.6 Everlight electronics Co. Ltd.
4.3.7 Resonac holdings corporation
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023
Chapter 5 Infrared LED Market Estimates and Forecast, By Spectral range, 2021 - 2032 ($Mn)
5.1 Key trends, by type
5.2 Short-wave infrared (SWIR) LED
5.3 Medium-wave infrared (MWIR) LED ?? ??
5.4 Long-wave infrared LED (LWIR)
Chapter 6 Infrared LED Market Estimates and Forecast, By Technology, 2021 - 2032 ($Mn)
6.1 Key trends, by mass
6.2 Gallium arsenide (GaAs)
6.3 Aluminum gallium arsenide (AlGaAs)
6.4 Indium gallium arsenide (InGaAs)
6.5 Gallium antimonide (GaSb)
6.6 Others
Chapter 7 Infrared LED Market Estimates and Forecast, By Application, 2021 - 2032 ($Mn)
7.1 Key trends, by application
7.2 Biometric
7.3 Imaging
7.4 Lighting
7.5 Communication
7.6 Surveillance
7.7 Other applications
Chapter 8 Infrared LED Market Estimates and Forecast, By End-use, 2021 - 2032 ($Mn)
8.1 Key trends, by end-user
8.2 Aerospace and defense
8.3 Automotive
8.4 BFSI
8.5 Consumer electronics
8.6 Education
8.7 Healthcare
8.8 Industrial
8.9 Retail
Chapter 9 Infrared LED Market Estimates and Forecast, By Region, 2021 - 2032 ($Mn)
9.1 Key trends, by region
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 ANZ
9.4.6 Singapore
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.6 MEA
9.6.1 South Africa
9.6.2 Saudi Arabia
9.6.3 UAE
9.6.4 Israel
Chapter 10 Company Profiles
10.1 Boston Electronics Corporation
10.2 Broadcom Ltd.
10.3 DOWA Electronics Materials Co., Ltd.
10.4 Epileds Technologies, Inc.
10.5 Ennostar Inc.
10.6 Everlight Electronics Co. Ltd.
10.7 Excelitas Technologies Corp.
10.8 Kingbright Electronic Co., Ltd.
10.9 ams - OSRAM
10.10 Marktech Optoelectronics
10.11 Nanoplus Nanosystems and Technologies GmbH
10.12 ON Semiconductor Corporation
10.13 ROHM CO., Ltd.
10.14 Resonac Holdings Corporation
10.15 Ushio OPTO Semiconductors Inc.
10.16 Vishay Intertechnology
10.17 Harvatek Corporation
10.18 Lumileds Holding B.V.
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security