Global Infrared LED Market Growth 2024-2030

Global Infrared LED Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Infrared LED market size was valued at US$ 646.3 million in 2023. With growing demand in downstream market, the Infrared LED is forecast to a readjusted size of US$ 853.1 million by 2030 with a CAGR of 4.0% during review period.

The research report highlights the growth potential of the global Infrared LED market. Infrared LED are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Infrared LED. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Infrared LED market.

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.

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.

Key Features:

The report on Infrared LED market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Infrared LED market. It may include historical data, market segmentation by Type (e.g., 700nm-850nm, 850nm-940nm), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Infrared LED market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Infrared LED market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Infrared LED industry. This include advancements in Infrared LED technology, Infrared LED new entrants, Infrared LED new investment, and other innovations that are shaping the future of Infrared LED.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Infrared LED market. It includes factors influencing customer ' purchasing decisions, preferences for Infrared LED product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Infrared LED market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Infrared LED market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Infrared LED market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Infrared LED industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Infrared LED market.

Market Segmentation:

Infrared LED market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
700nm-850nm
850nm-940nm
940nm-1020nm
1020nm-1720nm

Segmentation by application
Biometric
Imaging
Lighting
Other

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.
Epistar
Nichia
Everlight Electronics
High power Lighting
Osram
Lextar
Opto
Vishay
Epitex
Larson Electronics
On Semiconductor
Fluke
Excelitas
Lite on
Kingbright
Philips
Epileds
New Japan Radio
ROHM Semiconductor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Infrared LED market?

What factors are driving Infrared LED market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Infrared LED market opportunities vary by end market size?

How does Infrared LED break out type, application?

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