Global Infrared Light-emitting Diode Market Growth 2023-2029

Global Infrared Light-emitting Diode Market Growth 2023-2029

An IR LED (infrared light emitting diode) is a solid state lighting (SSL) device that emits light in the infrared range of the electromagnetic radiation spectrum. IR LEDs allow for cheap, efficient production of infrared light, which is electromagnetic radiation in the 700 nm to 1mm range. IR LEDs are useful in a number of types of electronics, including many types of remote controls for televisions and other electronics. Used with infrared cameras, IR LEDs can act like a spot light while remaining invisible to the naked eye.

LPI (LP Information)' newest research report, the “Infrared Light-emitting Diode Industry Forecast” looks at past sales and reviews total world Infrared Light-emitting Diode sales in 2022, providing a comprehensive analysis by region and market sector of projected Infrared Light-emitting Diode sales for 2023 through 2029. With Infrared Light-emitting Diode sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Infrared Light-emitting Diode industry.

This Insight Report provides a comprehensive analysis of the global Infrared Light-emitting Diode 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 Light-emitting Diode portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Infrared Light-emitting Diode market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Infrared Light-emitting Diode and breaks down the forecast by type, by application, 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 Light-emitting Diode.

The global Infrared Light-emitting Diode market size is projected to grow from US$ 399.7 million in 2022 to US$ 810.3 million in 2029; it is expected to grow at a CAGR of 810.3 from 2023 to 2029.

IR LEDs can be used in conjunction with a number of different types of sensors, they are becoming common in machine-to-machine (M2M) environments and Internet of Things (IoT) applications.

This report presents a comprehensive overview, market shares, and growth opportunities of Infrared Light-emitting Diode market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Gallium Arsenide LED
Aluminium Gallium Arsenide LED

Segmentation by application
Surveillance
Consumer Electronics
Automotive
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.
Epileds
Epistar
Everlight
Nichia
Osram Opto Semiconductors
Vishay Intertechnology
Cree
High Power Lighting
Lextar Electronics
Lite-On Technology
Lumileds
Mls Electronics
Toyoda Gosei

Key Questions Addressed in this Report

What is the 10-year outlook for the global Infrared Light-emitting Diode market?

What factors are driving Infrared Light-emitting Diode market growth, globally and by region?

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

How do Infrared Light-emitting Diode market opportunities vary by end market size?

How does Infrared Light-emitting Diode break out type, application?

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.