Press release
IR LED Market Global Analysis By Key Players – Excelitas Technologies Corp., LITE-ON, Lumileds, ON Semiconductor, OSRAM Opto Semiconductors, Ushio OPTO Semiconductors Inc., Vishay Intertechnology, Inc., Würth Elektronik Group
IR LED Market
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The biometrics industry is the growing segment in the infrared LED market. This is attributed to the growing adoption of iris and facial recognition in electronic devices. This increasing adoption is being propelled by mobile payment services that create the need for secure and reliable authentication for users. Several LED manufacturing companies are taking advantage of these opportunities and are launching advanced components for biometric applications.
For instance, recently GOME, one of the electronic retailers in China collaborated with Osram Opto Semiconductors to integrate the Iris recognition technology in their smartphones. The company has Osram infrared components on all their smartphone offerings. The growing smartphone industry globally is projected to spur the IR LED market for iris and facial recognition.
The key players covered in this study: -
1. EPILEDS
2. EPISTAR
3. Everlight Electronics
4. Excelitas Technologies Corp.
5. High Power Lightning Corporation + LinkedIn - Google Search
6. Kingbright USA
7. LED Engin, Inc
8. Lextar Electronics
9. LITE-ON
10. Lumileds
11. Luna Optoelectronics
12. Marktech Optoelectronics
13. Nichia Corporation
14. ON Semiconductor
15. OSRAM Opto Semiconductors
16. Rohm Semiconductor
17. Measurement Specialties, Inc, now TE Connectivity
18. Ushio OPTO Semiconductors Inc.
19. Vishay Intertechnology, Inc.
20. Würth Elektronik Group
The 850nm- 940nm wavelengths in the IR LED market are expected to grow at a CAGR of over 17% from 2018 to 2024, due to the increasing applications of these components in numerous applications. They are being widely integrated in the automotive systems, fueling the demand for components with this wavelength in the automotive and industrial sectors.
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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.
The vendors in the infrared LED market space are EVERLIGHT, Vishay Intertechnology, Epistar, Rohm Semiconductor, etc. The industry is witnessing extensive investments in these components to cater to the demands from growing applications in consumer electronics. To sustain competition, players have been focusing on new product launches and targeting the consumer electronics segment for larger market share.
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Infrared (IR) LED market research report includes an in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD and volume/shipments in units from 2013 to 2024, for the following segments:
Infrared (IR) LED Market, By Spectral Range
• 700nm-850nm
• 850nm-940nm
• 940nm-1020nm
• 1020nm-1720nm
Infrared (IR) LED Market, By Application
• Biometrics
• Imaging
• Lighting
• Remote sensing
• Surveillance
Infrared (IR) LED Market, By End-Use
• Aerospace & defense
• Automotive
• BFSI
• Consumer electronics
• Education
• Healthcare
• Industrial
• Retail
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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