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Infrared (IR) LED Market Detail Analysis focusing on Key Players like EPILEDS, Epistar Corporation, Everlight Electronics Co. Ltd, Excelitas Technologies Corporation, High Power Lighting Corporation, Kingbright, LED Engin Inc, Lextar Electronics Corporati
Infrared (IR) LED
According to this new research report, Infrared (IR) LED market value should exceed USD 850 billion by 2024 driven by multiple factors including increasing industrial spaces that demand design and construction along with growing preferability for sectional structures from fabricators, engineers, architects, contractors and designers.
Coming back to the premium report on Infrared (IR) LED market for 2018-2024, companies profiled in this research include EPILEDS, Epistar Corporation, Everlight Electronics Co. Ltd, Excelitas Technologies Corporation, High Power Lighting Corporation, Kingbright, LED Engin Inc, Lextar Electronics Corporationm, Lite-On Inc, Lumileds, Luna Optoelectronics, Marktech Optoelectronics, Nichia Corporation, ON Semiconductor, Osram Opto Semiconductors Inc, ROHM Semiconductor, TE Connectivity Measurement Specialties, Ushio OPTO Semiconductors Inc, Vishay Intertechnology, Wurth Electronics Inc.
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The expanding surveillance industry across the world is projected to witness a high demand for IR LED components. CCTV security camera demand is driven by the rising investments in the government infrastructure for public safety. Infrared security cameras can deliver improved videos in no-light conditions and low light conditions. This has motivated the manufacturers to integrate advanced features into their products such as night vision capabilities augmenting the IR LED market. For instance, Reolink Argus has introduced a wide range of IR LED CCTV cameras that come in categories such as battery powered, wired and wireless.
Technological advancements in the automotive industry have fuelled the adoption of advanced driver assistance systems (ADAS), safety systems and telematics. These components are required for implementing these technologies and making them operative driving the IR LED market. Moreover, the technology is required for incorporating night vision and blind spot features into the automotive systems. This growing application of the technology for interior and exterior lighting applications in cars are benefiting the infrared LED market.
North America is anticipated to witness a lucrative growth over the forecast period owing to the high adoption of these components by the automotive companies. The U.S. is one of the largest automotive markets with over 17 million units? light vehicles sales in 2017. The U.S. smartphone industry is a major contributor to the evolving infrared LED market. This is due to the high disposable income of the people and subsequent high purchasing power. The country invests extensively in R&D and innovation to develop new innovative technologies which is further supporting the IR LED market in the region.
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The factors contributing to the industry growth include an increasing demand for these components for remote sensing, integration in hyper spectral imaging and the emergence of advanced iris and facial recognition technologies. Improvements in cooled IR detector technology have ensued rapid expansion of IR remote sensing instruments. These include environmental applications, imaging and surveillance. Furthermore, the flourishing smartphone industry is positively impacting the infrared LED market. There has been an extensive demand for biometrics in smartphones for more security. Smartphone providers have started incorporating these technologies into their latest models such as Samsung S8, Microsoft 950 XL, Vivo etc driving the infrared LED market.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3 IR LED Industry Insights
Chapter 4 IR LED Market, By Spectral Range (Revenue, Shipment)
Chapter 5 IR LED Market, By Application (Revenue & Shipments)
Chapter 6 IR LED Market, By End-Use (Revenue & Shipments)
Chapter 7. IR LED Market, By Region (Revenue & Shipments)
Chapter 8. Company Profiles
For More Details on this Report At: https://www.marketstudyreport.com/reports/infrared-ir-led-market
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This report focuses on the Organic LED in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. OLED technology helps the end user to create flexible display and lighting panels. OLEDs are more expensive as compared to LED and LCD products. However, the price of these products would decrease gradually once the products get more acceptance in the market. Asia-Pacific leads the world OLED market, accounting for majority of the total market share by revenue. It is followed by North America, Europe and LAMEA. High efficiency, high cost, low power consumption, enhanced picture quality, technological limitations, lack of awareness, durability and light weight are the major impacting factors influencing the world OLED market. Moreover, growing demand for eco-friendly products may act as a major growth opportunity for this industry.
https://www.marketstudyreport.com/reports/global-organic-led-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=RR-PSR
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