Global Infrared (IR) LED Market Growth 2023-2029

Global Infrared (IR) LED Market Growth 2023-2029

Infrared rays are electromagnetic radiations in the nonvisible spectrum of white light, which range from 1300 to 1700 nm. Infrared light emitting diode (IR LED) is a solid-state lighting (SSL) device, which emits light in the infrared range. It spreads the light on a vast area rather than concentrating it or in other words IR LED’s have a wide field of view. These LED’s find their extensive use in security and surveillance cameras, along with automated driving vehicles.
LPI (LP Information)' newest research report, the “Infrared (IR) LED Industry Forecast” looks at past sales and reviews total world Infrared (IR) LED sales in 2022, providing a comprehensive analysis by region and market sector of projected Infrared (IR) LED sales for 2023 through 2029. With Infrared (IR) LED sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Infrared (IR) LED industry.
This Insight Report provides a comprehensive analysis of the global Infrared (IR) LED landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Infrared (IR) LED portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Infrared (IR) LED market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Infrared (IR) LED and breaks down the forecast by type, by downstream industry, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Infrared (IR) LED.
The global Infrared (IR) LED market size is projected to grow from US$ 646.3 million in 2022 to US$ 1377.1 million in 2029; it is expected to grow at a CAGR of 1377.1 from 2023 to 2029.
The world leading players in the Infrared (IR) LED market are EVERLIGHT, Epistar, Osram, DOWA, Lite-On Technology, Vishay Intertechnology, Luminus, Ushio, AU Optronics(Lextar), Showa Denko(SDK), Lumileds, Kingbright, HPLighting, ON Semiconducts, Rohm Semiconductor and so on. These top companies currently account for more than 89% of the total market share and are expected to retain their dominating hold over the market during the forecast period.
This report presents a comprehensive overview, market shares, and growth opportunities of Infrared (IR) LED market by product type, downstream industry, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
700nm-850nm
850nm-940nm
940nm-1020nm
1020nm-1720nm
Segmentation by downstream industry
Security and Surveillance
Iris & Facial Recognition
Automotive
Computer and Office
VR Device
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
EVERLIGHT
Epistar
Osram
DOWA
Lite-On Technology
Vishay Intertechnology
Luminus
Ushio
AU Optronics (Lextar)
Showa Denko (SDK)
Lumileds
Kingbright
HPLighting
ON Semiconducts
Rohm Semiconductor
Key Questions Addressed in this Report
What is the 10-year outlook for the global Infrared (IR) LED market?
What factors are driving Infrared (IR) LED market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Infrared (IR) LED market opportunities vary by end market size?
How does Infrared (IR) LED break out type, downstream industry?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.