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Infrared LED Market Size 2022-2030 presents detailed competitive analysis including the market Share, Size, Future scope This study categorizes the global Health and Safety Products breakdown data by manufacturers, region, type and applications, also analyzes the market drivers, opportunities and challenges.
Global “Infrared LED Market“ (2022-2030) report provides key analysis on the market status of Infrared LED manufacturers with the best facts and figures, definitions, SWOT analysis, expert opinions and the latest developments around the world. The all-inclusive market research report also offers Porter’s Five Forces Analysis and profiles some of the leading players of the global Infrared LED Market. It sheds light on changing market dynamics and discusses about different growth drivers, market challenges and restraints, and trends and opportunities in detail. Interested parties are provided with market recommendations and business advice to ensure success in the global Infrared LED market.
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Infrared light-emitting diode refers to an SSL (solid-state lighting) mechanism that emits light in the electromagnetic radiation spectrum’s infrared range. Instead of electric filaments, plasma and steam, the SSL mechanism utilises semiconductor illumination sources such as LEDs, PLEDs (Polymer Light-Emitting Diodes), and OLEDs (Organic Light-Emitting Diodes). IR LEDs are similar to a normal LED, but it is not possible to detect radiation from IR LEDs with the human eye. In addition, these LEDs allow inexpensive and efficient infrared light production and are widely used in various consumer electronics products, such as television remote controls and infrared cameras. By using aluminium gallium or arsenide gallium arsenide, IR LEDs are typically made. The IR LED illumination is the same as a regular LED. It is typically used to maintain wireless communication between two or more two devices in combination with the IR receiver.
Global Infrared LED Market is expected to project a notable CAGR in 2030.
Global Infrared LED Market to surpass USD million by 2030 from USD million in 2018 at a CAGR of % throughout the forecast period, i.e. 2019-30. The rising trend for smart homes and smart offices in various developing nations has provided opportunities for the IR LED market players. The IR technology is experiencing a rising implementation in smart homes for remote control of TVs, music systems, and lightings, driving the market growth. Many macroeconomic factors such as rising per capita income, growing economy, employment rate, and rapid rate of industrialization and urbanization are driving the global infrared lighting module market.
Global Infrared LED Market: Segments
850nm-950nm Segment to grow with the highest CAGR during 2019-30
Global Infrared LED Market is segmented by Spectral Range into 700nm-850nm, 850nm-940nm, 940nm-1020nm, and 1020nm-1720nm. The greater market share in 2018 was accounted for by 850nm-950nm segment and is expected to see the highest growth during the forecast period. The growth is mainly due to its growing adoption for night vision, gesture recognition, among others, in the automotive industry. In developing countries, growing concern about road safety has led many car manufacturers to deploy advanced electronic systems in vehicles. This will improve the integration of 950nm-1,020 nm infrared LEDs and have a positive influence on the market demand.
Biometric Segment to grow with the highest CAGR during 2019-30
Global Infrared LED Market is segmented by application into Application into Biometrics, Imaging, Lighting, Remote Sensing, and Surveillance. The greater market share in 2018 was accounted for by the biometric segment and the trend is estimated to continue over the forecast period. The increasing implementation of face recognition and iris recognition biometrics in smartphones and security systems creates high opportunities for infrared LEDs to expand. The deployment of biometric applications has been increased by the growing acceptance of digital banking and mobile payment services. These LEDs provide customers with high reliability and safety authentication to conduct digital transactions, creating high growth opportunities over the coming years.
Global Infrared LED Market: Market Dynamics
Huge increase in the adoption of security cameras
IR receivers and IR LEDs will operate together as IR sensors, which also notes that the overall price of such shaped sensors would be influenced by the increase or decrease in the individual prices of IR receivers and IR LEDs. In the recent past, the price of IR receivers has decreased, which has subsequently increased the market for general IR sensors, including IR LEDs. Increased use of IR sensors in many industries, including aerospace and defence, oil and gas, chemical-mining, and pharmaceutical, is a key factor accelerating the global demand for IR LEDs. The market for photodiodes and phototransistors is expected to report substantial growth over the next few years, with the growing acceptance of sensor-based technologies in the automotive sector, resulting in higher demand for IR LEDs.
Growing demand in consumer electronic devices
The growth of the global market for infrared lighting modules is driven by the rising market for consumer electronics and the increasing demand for infrared lighting modules in industries such as bio-suppliers, electronics, automobiles, and other equipment. The benefits of the infrared lighting module include easy implementation of the design, relatively low power requirements, few international regulatory restrictions, high noise immunity, and higher safety fueling the demand over the forecast period for the global market for infrared lighting module.
High implementation and maintenance cost of structured products
Some of the drawbacks can obstruct transmissions, such as low speed than standard RF and wired transmission, weather and light-sensitive, short-range, materials such as plants, walls, people, and other objects, and line of sight leads to restricting the worldwide market for infrared lighting modules. However, as the demand for sensors in smartphones and tablets is experiencing saturation, the IR Driven demand is also observing minor saturation, in terms of advanced technologies and designs, which is expected to restrict the market growth.
Global Infrared LED Market: Key Players
Global Infrared LED Market: Regions
Global Infrared LED Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.
Global Infrared LED Market in Asia Pacific held the largest market share of in the year 2018 and the market growth can be majorly credited to the rising consumer electronics sector in countries such as China, India, South Korea, and Taiwan. Some of the factors driving the consumer electronics market are changing consumer lifestyles and growing demand for more advanced electronics.
The Global Infrared LED market, which is highly competitive, consists of several major players such as NICHIA CORPORATION, Kingbright Electronic Co., Ltd. hold a substantial market share in the Global Infrared LED market. Other players analyzed in this report are 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 Corporation, among others
Recently, various developments have been taking place in the market. For instance, For instance, in June 2017, Osram launched the smallest side-looking infrared LED which has a wavelength of 850 nm which is used for eye tracking applications in virtual reality (VR) and augmented reality (AR) headsets. Both AR and VR systems react to the eye and head movement making the infrared LED the critical component of the headset designs.
Global Infrared LED Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Infrared LED Market report also contains analysis on:
Global Infrared LED Market Segments:
Competition and Companies Involved in the Market
Value Chain of the Market
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The globalInfrared LEDmarket size is segmented on the basis of application, end user, and region, with focus on manufacturers in different regions. The study has detailed the analysis of different factors that increase the industries growth. This study also provides the scope of different segments and applications that can potentially influence the industry in the future. Pricing analysis is covered in this report according to each type, manufacturer, regional analysis, price.Infrared LEDMarket Share report provides overview of market value structure, cost drivers, various driving factors and analyse industry atmosphere, then studies global outline of industry size, demand, application, revenue, product, region and segments. In addition, this report introduces market competition situation among the distributers and manufacturers profile, besides, market value analysis and cost chain structure are covered in this report.
TheInfrared LEDmarket has witnessed growth from USD milliontill2022. With the CAGR of, this market is estimated to reach USD million in 2030.The report focuses on theInfrared LEDmarket size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing theInfrared LEDmarket.
Infrared LED Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered. Infrared LED Market Report also mentions market share accrued by each product in the Infrared LED market, along with the production growth.
Top countries data covered in this report:
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Executive Summary Global Infrared LED Market Product Overview Market Definition Segmentation Assumptions and Acronyms Research Methodology Research Objectives Primary Research Secondary Research Forecast Model Market Size Estimation Average Pricing Analysis Macro-Economic Indicators Market Dynamics Growth Drivers Restraints Opportunity Trends Correlation and Regression Analysis Correlation Matrix Regression Matrix Recent Development, Policies and Regulatory Landscape Risk Analysis Demand Risk Analysis Supply Risk Analysis Global Infrared LED Market Analysis Porters Five Forces Threat of New Entrants Bargaining Power of Suppliers Threat of Substitutes Rivalry PEST Analysis Political Economic Social Technological Global Infrared LED Market Market Size and forecast, 2019A-2030F By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Global Infrared LED Market: Market Segmentation By Regions North America:(U.S. and Canada) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Europe: (Brazil, Mexico, Argentina, Rest of Latin America) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Asia-Pacific: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F LATAM: (Brazil, South Africa, Saudi Arabia, U.A.E. and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F MEA: (Brazil, South Africa, Saudi Arabia, U.A.E. and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F By Product: Market Share (2020-2030F) Neurostimulation and Neuromodulation Devices, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Biomaterials, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F By Spectral Range: Market Share (2020-2030F) 700nm-850nm, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 850nm-950nm, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 950nm-1020nm, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F 1020nm-1720nm, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F By Application: Market Share (2020-2030F) Biometrics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Imaging, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Lighting, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Remote sensing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Surveillance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F By Sector: Market Share (2020-2030F) Aerospace and defense, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Automotive, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F BFSI, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Consumer electronics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Education, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Healthcare, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Retail, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F Company Profile Kingbright Electronic Co., Ltd. Company Overview Company Total Revenue (Financials) Market Potential Global Presence Key Performance Indicators SWOT Analysis Product Launch 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 Corporation Other Prominent Players Consultant Recommendation **The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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