Osram, Epistar, Profiled in Infrared LED Market Forecast 2018-2024 | Top Key Player EVERLIGHT, EPILEDS, Raytek Corporation, Lite-On Technology, Kingbright

The global infrared (IR) led market is anticipated to depict an upward trend in the upcoming years, attributed to the rapid transition in the optoelectronics industry, the players of which have been lately favoring LEDs, such as infrared and UV LED. The immense demand for these LEDs in facial and iris recognition techniques for biometric recognition and surveillance is a key catalyst for this pragmatic shift. Panasonic, a famous Japanese electronics manufacturer, has recently launched its new smartphones Eluga X1 & Eluga X1 Pro in India, both of which are powered with infrared LED face unlocking mechanism, and artificial intelligence features. The rising prevalence of feature rich gadgets would thus favorably influence IR LED market growth in the years to come.

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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.

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.

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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.

Prominent players in the IR LED market include Epistar, Osram, Vishay, Nichia, Everlight. The industry is highly diverse with many regional and international players. These players are investing in expanding their production capabilities to meet the increasing demands from the consumer and automotive industry. For instance, OSRAM in February 2018 invested over USD 400 million in a new LED chip factory in Malaysia for increasing production. The companies are also launching new Infrared LED components designed specific for consumer electronics sector and automotive sector of different wavelengths.

Table of Content:

Chapter 1. IR LED Market Methodology and Scope

Chapter 2. IR LED Market 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. IR LED Market Company Profiles

Outer scope of this report the growing adoption of CCTV cameras for protecting residential and commercial premises is a prominent contributor in market growth. IR components render night vision capabilities to the CCTV cameras. For instance, Chongqing, China started with the installation of over 500000 surveillance cameras in 2012, in a bid to make crime detection efficient and easier. In the coming years, government-led initiatives to effectively monitor crime would substantially contribute towards infrared LED market growth. In addition to this, growing consciousness about safety among individuals and commercial organizations would extend a positive impact on IR LED market trends. Apart from this, infrared LED has countless applications in the healthcare sector, which would further advance market size in the years ahead. Lately, Osram, a multinational lighting produced, has also introduced an IR LED which uses spectroscopy to analyze food contents and find out the calories, allergens, cholesterol, or other dietary ingredients present in the food.

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Related Report:

Global Infrared Camera Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

A infrared camera (also called an thermographic camera or thermal imaging camera) is a device that forms an image using infrared radiation, similar to a common camera that forms an image using visible light. Instead of the 400 - 700 nanometre range of the visible light camera, infrared cameras operate in wavelengths as long as 14,000 nm (14m). Their use is called thermography.

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