Global Infrared (IR) Light-emitting Diode (LED) Market 2024-2028
Global Infrared (Ir) Light-Emitting Diode (Led) Market 2024-2028
The infrared (ir) light-emitting diode (led) market is forecasted to grow by USD 313.1 mn during 2023-2028, accelerating at a CAGR of 9.45% during the forecast period. The report on the infrared (ir) light-emitting diode (led) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing government security initiatives for video surveillance, increasing integration of biometrics in consumer electronics, and increasing adoption of night vision technologies.
Technavio's infrared (ir) light-emitting diode (led) market is segmented as below:
By Type
- Gallium arsenide LED
- Aluminium gallium arsenide LED
By Application
- Consumer electronics
- Surveillance
- Automotive
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing application of infrared light-emitting diodes to assist driver monitoring systems as one of the prime reasons driving the infrared (ir) light-emitting diode (led) market growth during the next few years. Also, increasing number of smart cities and migration of infrared light-emitting diode manufacturers to 6-inch wafer substrates will lead to sizable demand in the market.
The report on the infrared (ir) light-emitting diode (led) market covers the following areas:
- Infrared (ir) light-emitting diode (led) market sizing
- Infrared (ir) light-emitting diode (led) market forecast
- Infrared (ir) light-emitting diode (led) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading infrared (ir) light-emitting diode (led) market vendors that include Adolf Wurth GmbH and Co. KG, ams OSRAM AG, Ennostar Inc., Epileds Technologies Inc., EVERLIGHT ELECTRONICS CO. LTD., EXALOS AG, Excelitas Technologies Corp., High Power Lighting Corp., Kingbright Electronic Co. Ltd., Kioxia Corp., Lumileds Holding BV, Luna Innovations Inc., Marktech Optoelectronics Inc., Nichia Corp., ROHM Co. Ltd., TE Connectivity Ltd., Toyoda Gosei Co. Ltd., Ushio America Inc., Vishay Intertechnology Inc., and Wolfspeed Inc.. Also, the infrared (ir) light-emitting diode (led) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.