The global IR LED Market size was valued at USD 53.81 Billion in 2021 and is projected to reach USD 156.42 Billion by 2030, and is growing at a CAGR of 12.6% from 2023 to 2030.
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global IR LED Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide IR LED Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. As its name suggests, an IR LED Market is a specialized type of light emitting diode that emits a longer-wavelength IR signal. These devices efficiently generate electromagnetic radiation from 700 nm to 1 mm in wavelength range, a range in which infrared light is produced at low cost. TV remote controls, infrared security cameras, and infrared night vision cameras are just a few examples of the many signal transmission systems that rely on infrared LEDs. These LEDs are popular in electronics because they generate little heat and use little energy.
Infrared LED market players can benefit from the growing demand for smart homes and offices in a variety of emerging economies. The proliferation of infrared (IR) remote controls for use with home theaters, audio systems, and lighting systems is a key factor propelling the industry forward. Only 47% of Americans do not have any kind of smart home product installed, according to the National Home Safety Council. This has paved the way for the creation of cutting-edge smart home devices that make use of infrared technology. Sales volume (in K units) and revenue (in million USD) projections for the IR LED market are provided for the years 2017 through 2030, with 2022 serving as the base year. The global IR LED market is broken down extensively in this report. We also provide regional product market sizes broken down by category, use case, and industry player. We accounted for the influence of COVID-19 and other global crises when calculating the potential size of the market.
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It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the IR LED Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as IR LED Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Subsegments of the Infrared LED market include those that operate between 700nm and 850nm, 850nm and 950nm, and 950nm and 1020nm. In 2020, a whopping 51% of the global market was held by products operating between 850 nm and 950 nm. The development of night vision technology and the rising demand for electric vehicles are factors driving the market. Infrared LEDs in vehicle headlights help drivers more easily identify objects, and rising awareness of the importance of road safety is expanding the market worldwide. CCTV cameras, video games, and industrial 3D printers all take advantage of this light source because of the greater area it illuminates. Increasing demand from the automotive industry, in addition to the security and surveillance sectors, is helping to boost the global 850nm-950nm market. Imaging, lighting, remote sensing, and biometrics are the four main submarkets of the infrared LED industry. The imaging segment dominates the market and was valued at US$ 164.92 Mn. in 2020. The rising incidence of theft and burglaries is fueling the infrared LED market’s imaging subsegment. Various sectors, such as consumer electronics, healthcare, industry, and the banking, finance, and insurance industry, make up the Infrared LED market. With 47% of the market in 2020, consumer electronics are clearly in the driver’s seat. Rapid growth in the production of televisions and growing global attraction towards IoT devices are creating a huge demand for Infrared LED systems. Increasing developments in indoor and outdoor monitoring systems for controlling moving objects and its speed and door monitoring systems are adding advantage to the market growth.
Based on types, the IR LED Market is segmented into:
- IR LED Chip
- IR LED Package
Based on application, the IR LED Market is segmented into:
- Optical Sensing
- Automated Drive Systems
- Security & Surveillance
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North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India are just some of the geographical segments that have been studied in detail as part of an examination of the global IR LED market. The market is expected to be led by the global IR LED region. Growing demand for infrared (IR) LEDs in automotive industry applications like electric vehicles, connected cars, and autonomous vehicles in these regions is expected to make them the leaders in the global IR LED market. Players in the infrared (IR) LED market will benefit from the rising demand for CCTV cameras in South Asia and the Pacific. To create its report on the global market for infrared (IR) LEDs, QYResearch gathered data from a wide range of primary sources, including interviews with leading market participants and analysts, as well as feedback from subject matter experts.
Regional IR LED Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the IR LED Market include:
- IR LED Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
Key Market Participants in the IR LED Market :
NICHIA CORPORATION, Kingbright Electronic Co., Ltd, OSRAM Opto Semiconductors GmbH, Epistar Corporation, Everlight Electronics Co. Ltd., High Power Lighting Corporation, EPILEDS Co. Ltd., ON Semiconducts, Koninklijke Philips N.V., Lextar Electronics Corpo, and others.
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