Infrared LED Market Size, Share & 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), By Regions, And Global Forecast 2024-2032

Infrared LED Market Report Scope & Overview:

Get more information on Infrared LED Market - Request Sample Report

The Infrared LED Market Size was valued at USD 587.6 Million in 2023 and is expected to reach USD 2322 Million by 2032 and grow at a CAGR of 16.5% over the forecast period 2024-2032.

The Infrared LED (IRED) market spans various industries such as consumer electronics, automotive, security and surveillance, healthcare, and industrial automation. Infrared LEDs emit light in the invisible infrared spectrum, serving critical functions in applications like remote controls, night vision devices, proximity sensors, and data transmission.

Market growth is fueled by increasing adoption in security cameras, facial recognition systems, and automotive safety features like night vision assistance. Technological advancements, including high-efficiency IREDs and miniaturization, drive expansion, alongside rising demand for energy-efficient lighting solutions and the proliferation of IoT devices.

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:

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

• Heightened demand for surveillance and security solutions has sparked a surge in the need for Infrared LEDs. These LEDs are indispensable for night vision and effective monitoring across diverse environments, reflecting their critical role in bolstering security measures.

In recent years, there has been a notable increase in the requirement for heightened surveillance and security systems across various sectors. This surge in demand has been primarily driven by the need for improved monitoring and protection in both public and private settings. As a result, there has been a corresponding rise in the demand for Infrared LEDs, which play a crucial role in enabling night vision capabilities and facilitating efficient monitoring, even in low-light conditions. Whether it's for securing commercial properties, monitoring public spaces, or enhancing home security systems, Infrared LEDs have become indispensable components due to their ability to provide clear visuals in various environmental conditions. This growing reliance on Infrared LEDs underscores their significance in bolstering the effectiveness and reliability of surveillance and security systems, ultimately contributing to the overall safety and security of individuals and assets.

RESTRAINTS:

• Technological and R&D Challenges Overcoming hurdles to enhance efficiency and broaden the spectral range of Infrared LEDs requires significant investments in research and development efforts.

The topic of technological and R&D challenges pertains to the obstacles faced in improving the efficiency and expanding the spectral range of Infrared LEDs. These challenges necessitate substantial investments in research and development endeavors. Efforts to enhance efficiency involve making Infrared LEDs more energy-efficient and effective in their performance. Broadening the spectral range refers to extending the range of wavelengths emitted by the LEDs to cover a wider spectrum, which can enable them to be utilized in a broader array of applications. Overcoming these hurdles requires innovative solutions, advanced materials, and rigorous testing processes, all of which demand significant financial and human resources.

OPPORTUNITIES:

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

• IR LEDs, coupled with AI and IoT, can create super-smart devices with night vision for everything from security cameras that recognize your face to thermostats that adjust the temperature when you're sleeping

The future is getting smarter, especially at night. For example, home where security cameras with infrared (IR) LEDs automatically activate in darkness. Artificial intelligence (AI) steps in to analyze the visual data captured by the IR LEDs. With facial recognition powered by AI, the system can identify authorized people even in complete darkness, adding a whole new level of security. This powerful combination of IR LEDs, IoT (Internet of Things), and AI has the potential to revolutionize various sectors.  Security systems can be significantly improved by combining IR LEDs with AI-powered motion detection, distinguishing between real threats and harmless movements from pets or wildlife.

CHALLENGES: 

• Infrared LEDs face hurdles in efficiency and wavelength range, requiring significant R&D investment.

• Manufacturing infrared LEDs can be pricey due to material costs and complex production methods, impacting their affordability.

IMPACT OF RUSSIAN-UKRAINE WAR

The Russia-Ukraine crisis has profoundly influenced the global economic and business landscape, indirectly impacting various markets, including the Infrared LED market. Economic instability and cyber conflicts have ensued, with governments imposing sanctions disrupting trade flows. These disruptions, coupled with potential retaliatory cyberattacks, necessitate vigilance across industries reliant on Infrared LED technology. Furthermore, organizational challenges have arisen as businesses worldwide suspend or scale back operations in Russia, affecting supply chains and potentially disrupting Infrared LED production due to interconnectedness with Russian suppliers. Supply shocks in the energy sector, driven by Russia's significant role as an oil and gas supplier, have led to price volatility, impacting production costs and potentially consumer demand for Infrared LEDs amid inflationary pressures. Overall, the crisis introduces economic and supply chain uncertainties, impacting the Infrared LED market through trade disruptions, organizational challenges, supply shocks, and inflationary pressures.

IMPACT OF ECONOMIC SLOWDOWN

A downturn in the global economy could result in reduced demand for infrared-enabled devices such as security cameras, night vision equipment, and remote controls, all of which utilize Infrared LEDs (IREDs), as businesses and consumers tighten their spending. Manufacturers may face pressure to lower prices to maintain competitiveness, potentially leading to decreased profit margins for companies.

Additionally, infrastructure projects reliant on technology, like security systems in buildings or industrial automation applications, could be postponed or canceled. However, some mitigating factors include the cost-effectiveness of IREDs compared to alternatives, which may make them more appealing during times of cost-efficiency prioritization, and certain sectors, such as medical technology and security, might sustain or increase spending on the market. Overall, while a global economic slowdown is likely to hurt the market, the severity of the effect will hinge on the depth and duration of the slowdown and the specific sub-sectors within the Infrared LED market.

MARKET SEGMENTATION:

BY SPECTRAL RANGE

• 700nm–850nm

• 850nm–940nm

• 940nm–1020nm

• 1020nm–1720nm

The market is segmented into 700nm-850nm, 850-950nm, and 950nm-1020nm and 1020-1720nm. The 850nm-950nm segment dominates the global market, accounting approx. 52% of the total. The market’s expansion can be attributed to rising demand for electric vehicles and technological advancements in night vision. The use of infrared LEDs in vehicle headlamps allows drivers to easily recognize objects, and the growing concern for road safety is also giving the global market an advantage.

BY APPLICATION

• Biometrics

• Lighting

• Surveillance

• Imaging

• Remote Sensing

The market is segmented into Imaging, Lighting, Remote Sensing, Surveillance and Biometrics, the imaging segment dominates the market. The growing demand for security cameras as a result of increased thievery and robbery is propelling the imaging segment of the infrared-led market. The use of infrared LED in CCTV cameras provides high-quality images even at night, allowing for easy recording of evidence, monitoring of suspicious activities, and improved workplace safety.

BY END-USE

• Aerospace & Defense

• BFSI

• E-Commerce

• Healthcare  

• Automotive

• Consumer Electronics

• Education

REGIONAL ANALYSIS:

It is anticipated that the Asia-Pacific region will maintain its position as the dominant player in the Infrared LED market. This is primarily attributed to the significant presence of optoelectronics market players, ready access to skilled technical professionals, and growing governmental investments in the region.

Europe is projected to secure the second-largest market share throughout the forecast period, propelled by the rapid expansion of the automotive sector. Within Europe, Germany emerges as the most lucrative market, trailed by the UK and France.

Get Customized Report as per your Business Requirement - Request For Customized Report

REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

KEY PLAYERS:

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, Nichia Corporation & Other Players.

RECENT DEVELOPMENT

In May 2021: PHOSEON TECHNOLOGY unveiled the FireJet and FireEdge NIR series, featuring near-infrared (NIR) lights designed for 3D printing and precise low-motion applications, aiming to bolster the global market. The increased adoption of infrared LED technology in military operations for detecting weaponized devices and concealed explosives, as well as enhancing visibility in adverse weather conditions such as dust and fog, underscores the significance of these advancements.