Report Id: SNS/SEMI/2519 | July 2022 | Region: Global | 129 Pages
Report Scope & Overview:
Infrared LED Market Size was valued at USD 2.91 billion in 2022 and is expected to reach USD 9.88 billion by 2030, and grow at a CAGR of 16.5% over the forecast period 2023-2030.
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 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
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
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 2.91 Billion |
Market Size by 2030 | US$ 9.88 Billion |
CAGR | CAGR of 16.5% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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 Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
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