Infrared LED Market Participants are Epistar, EVERLIGHT, Vishay Intertechnology, Raytek Corporation, Lite-On Technology, Osram, EPILEDS, Everlight Electronics, Excelitas Technologies Corporation, High Power Lighting Corporation, Kingbright, LED Engin, Lex

Market Overview: -

The Infrared LED market is projected to witness a significant growth over the forecast period owing to the increasing demand for cameras with night vision capabilities and remote sensing in automotive and consumer electronic industry. The demand infrared LED market in the automotive industry has grown owing to the increasing usage of these components in the exterior and interior lighting applications. Moreover, the industry has tremendous opportunities for growth in the future with their integration in wearable devices such as AR/VR and with the emergence of IoT enabled devices. Infrared (IR) LED Market size is set to exceed USD 1 billion by 2024.

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Top Key Players: -

The global Infrared LED market is highly fragmented with several optoelectronic companies. The major players in the industry include Epistar, EVERLIGHT, Vishay Intertechnology, Inc., Raytek Corporation, Lite-On Technology, Osram, EPILEDS, Everlight Electronics, Excelitas Technologies Corporation, High Power Lighting Corporation, Kingbright, LED Engin Inc., Lextar Electronics Corporation, etc.

Market share calculation in this report is not done based on companies covered in it. The calculation of IR LED market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

North America IR LED market is expected to reach over USD 350 million by 2024 owing to the increasing demands from the surveillance industry. The U.S. has been the major country for adopting advanced surveillance technologies such as artificial intelligence, facial recognition and surveillance automation.

The demand for such technologies is increasing across airports, commercial buildings and other public buildings. Surveillance has been integral to the U.S. for law enforcement and is part of critical national infrastructure.

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Partial Chapter of the Table of Content

Chapter 3. IR LED Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.2.1. Global LED industry landscape, 2013-2024
3.2.1.1. North America
3.2.1.2. Europe
3.2.1.3. Asia Pacific
3.2.1.4. Latin America
3.2.1.5. MEA
3.2.2. Global biometrics industry landscape, 2013 – 2024
3.2.2.1. North America
3.2.2.2. Europe
3.2.2.3. Asia Pacific
3.2.2.4. Latin America
3.2.2.5. MEA
3.2.3. Global consumer electronics sales statistics, 2013 – 2017
3.2.3.1. North America
3.2.3.2. Europe
3.2.3.3. Asia Pacific
3.2.3.4. Latin America
3.2.3.5. MEA
3.2.4. Global automotive sales statistics, 2013 – 2017
3.2.4.1. North America
3.2.4.2. Europe
3.2.4.3. Asia Pacific
3.2.4.4. Latin America
3.2.4.5. MEA
3.3. Industry ecosystem analysis
3.3.1. Research and Development (R&D)
3.3.2. Component suppliers
3.3.2.1. Raw material requirements
3.3.3. Manufacturing process
3.3.4. Technology providers
3.3.5. System integrators
3.3.6. Packaging requirements
3.3.7. Capital investments
3.3.8. Distribution channel analysis
3.3.9. Vendor matrix
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. The presence of several optoelectronics players in the in Taiwan
3.6.1.2. High security demand in the U.S.
3.6.1.3. High demand from the automotive sector in Germany
3.6.1.4. Favorable government regulations in China
3.6.1.5. Rising investments in the technology in India
3.6.1.6. Huge demand from the surveillance sector in UK
3.6.1.7. Technological advancements and favorable investment landscape in South Korea
3.6.1.8. UAE to lead the infrared LED market in the MEA region
3.6.2. Industry pitfalls and challenges
3.6.2.1. Declining cost of the components
3.6.2.2. Low penetration of the technology in several regions
3.7. Growth potential analysis
3.8. Porter’s analysis
3.8.1. Industry rivalry
3.8.2. Threat of new entrants
3.8.3. Buyer power
3.8.4. Supplier power
3.8.5. Threat of substitutes
3.9. Price trend analysis, 2013 - 2024
3.9.1. North America
3.9.2. Europe
3.9.3. Asia Pacific
3.9.4. Latin America
3.9.5. MEA
3.10. Competitive landscape, 2017
3.10.1. Company market share
3.10.2. Investment landscape
3.10.3. Strategy dashboard
3.10.4. Emerging business model
3.11. PESTEL analysis

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As evident, the infrared LED market provides opportunities for gaining primary healthcare benefits, but the ability of these components to assist in medical therapies also cannot be ignored. Apparently, IR LEDs are being used in blood analysis and endoscopy applications, whereas their utility in therapeutic devices are being explored more rapidly.

Studies have proven than IR panels have been applied to improve wound healing process and provide pain relief therapies through heating, as IR LEDs are a heating source that do not dry out air. Larson Electronics, for instance, boasts of an IR LED product designed especially for treatments in the dermatology and neurology domains, with wavelengths suitable to infiltrate human tissues and assist recovery at cell level.

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