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Infrared LED Market

Infrared LED Market Size, Share & Segment By Spectral Range (700nm–850nm, 850nm–940nm, 940nm–1020nm, 1020nm–1720nm) By Application (Biometrics, Lighting, Surveillance, Imaging, Remote Sensing) By End-Use (Aerospace & Defense, BFSI, E Commerce, Healthcare, Automotive, Consumer Electronics, Education), By Regions, And Global Forecast 2022-2028

Report Id: SNS/SEMI/2519 | July 2022 | Region: Global | 129 Pages

Report Scope & Overview:

Infrared LED Market Size was valued at USD 2.5 billion in 2021 and is expected to reach USD 7.4 billion by 2028, and grow at a CAGR of 16.5% over the forecast period 2022-2028.

Infrared rays are electromagnetic radiations that fall outside of the visible spectrum of white light. A solid-state lighting (SSL) device that emits light in the infrared range is known as an infrared light emitting diode (IR LED). It spreads the light rather than concentrating it; in other words, IR LEDs have a broad field of view.

Infrared LED Market Revenue Graph

Infrared LEDs are distinguished by the fact that LEDs made of gallium arsenide or aluminium gallium arsenide emit infrared beams with frequencies ranging from 7nm to 1mm. The frequency at which an IR LED is used shifts. Infrared LEDs with a frequency of 940nm, for example, are widely used in remote regulators. IR LEDs with a wavelength of 808nm are commonly used in clinical treatment machines and space optical correspondence.

MARKET DYNAMICS:

KEY DRIVERS:

  • Infrared LEDs used in automotive sensing and license plate scanning.

  • IR LEDs are increasingly being used in dermatology and neurology devices.

  • The use of infrared technologies and novel features in automobiles.

RESTRAINTS:

  • This will be covered under the final version of the report.

OPPORTUNITIES:

  • Infrared LED packages are in high demand for use in security cameras and access control.

CHALLENGES: 

  • Production difficulties as a result of lockdown restrictions

  • lack of knowledge about the economic benefits of Infrared (IR) LED products.

IMPACT OF COVID-19: 

COVID-19 is expected to have a significant impact on the global electronics devices market due to a shortage of raw materials and low demand for finished products. The spread of the COVID-19 virus in all regions is posing supply-side and demand-side challenges for the infrared LEDs market. Prior to COVID-19, the global market for infrared LED was expected to grow by 6-7% in 2020, whereas after COVID-19, the market for infrared LED is expected to decline by nearly 2-3% compared to the original forecast. However, once the COVID-19 pandemic situation is under control by Q4 2020, the market is expected to return to steady growth by 2021.

Based on spectral range, the infrared LED market is segmented into 700nm–850nm, 850nm–940nm, 940nm–1020nm, and 1020nm–1720nm. Based on, the infrared LED market is segmented into Biometrics, Lighting, Surveillance, Imaging, and Remote Sensing. Based on, the infrared LED market is segmented into Aerospace & Defense, BFSI, E Commerce, Healthcare, Automotive, Consumer Electronics, and Education.

COMPETITIVE LANDSCAPE:

The key players in the infrared LED market are Epileds Technologies, Everlight Electronics, High Power Lighting, OSRAM, Lite-On Technology, Epistar Corporation, Excelitas Technologies, Kingbright, Lextar Electronics, and Nichia Corporation.

MARKET SEGMENTATION:

BY SPECTRAL RANGE

  • 700nm–850nm

  • 850nm–940nm

  • 940nm–1020nm

  • 1020nm–1720nm

BY APPLICATION

  • Biometrics

  • Lighting

  • Surveillance

  • Imaging

  • Remote Sensing

BY END-USE

  • Aerospace & Defense

  • BFSI

  • E Commerce

  • Healthcare  

  • Automotive

  • Consumer Electronics

  • Education

Infrared LED Market Segment Pie Chart

REGIONAL ANALYSIS:

The Global Market for Infrared LED is expected to grow at a significant rate between 2022 and 2028. The Infrared LED market has been geographically analyzed for North America, Europe, Asia-Pacific, and the rest of the world. From 2022 to 2028, Asia-Pacific is expected to hold the largest share of the Infrared LED market. The key drivers of the market are the high concentration of optoelectronics market players, easy availability of proficient technical expertise, and increasing government investments in the region. Because of the rapid growth in the automotive sector, Europe is expected to hold the second-largest market share during the forecast period. Germany is the most profitable market in the region, followed by the United Kingdom and France.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Infrared LED Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 2.5 Billion
Market Size by 2028 US$ 7.4 Billion
CAGR CAGR of 16.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Spectral Range (700nm–850nm, 850nm–940nm, 940nm–1020nm, 1020nm–1720nm)
• By Application (Biometrics, Lighting, Surveillance, Imaging, Remote Sensing)
• By End-Use (Aerospace & Defense, BFSI, E Commerce, Healthcare, Automotive, Consumer Electronics, Education)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Epileds Technologies, Everlight Electronics, High Power Lighting, OSRAM, Lite-On Technology, Epistar Corporation, Excelitas Technologies, Kingbright, Lextar Electronics, and Nichia Corporation.
Key Drivers • Infrared LEDs used in automotive sensing and license plate scanning.
• IR LEDs are increasingly being used in dermatology and neurology devices
OPPORTUNITIES • Infrared LED packages are in high demand for use in security cameras and access control.


Frequently Asked Questions (FAQ) :

The market value is expected to reach USD 7.4 billion by 2028.

The market has been segmented with respect to spectral range, end-Use and application.

Asia-Pacific region is expected to hold the highest share in the market.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Infrared LED Market Segmentation, by spectral range

8.1Introduction

8.2 700nm–850nm

850nm–940nm

940nm–1020nm

1020nm–1720nm

 

9. Infrared LED Market Segmentation, by application

9.1Introduction

9.2 Biometrics

9.3 Lighting

9.4 Surveillance

9.5 Imaging

9.6 Remote Sensing

 

10. Infrared LED Market Segmentation, by end-use

10.1 Introduction

10.2 Aerospace & Defense

10.3 BFSI

10.4 E Commerce

10.5 Healthcare  

10.6 Automotive

10.7 Consumer Electronics

10.8 Education

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 High Power Lighting

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Epileds Technologies

12.3 Everlight Electronics

12.4 OSRAM

12.5 Lite-On Technology

12.6 Epistar Corporation

Excel12.7 itas Technologies

12.8 Kingbright

12.9 Lextar Electronics

12.10 Nichia Corporation

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14.Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

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