Press release
What's driving the Infrared LED Market Trends? Excelitas Technologies, LITE-ON, Lumileds, ON Semiconductor, Measurement Specialties, now TE Connectivity, Vishay Intertechnology, Würth Elektronik Group
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Smartphones has hugely contributed in the growth of infrared LED market. The industry of smartphones is expected to witness exponential growth as it rolls out more advanced and new models that come with cutting edge technologies like biometrics and fingerprint scanners.
Indeed, Infrared LEDs play an integral role in the working of technologies like on-screen fingerprint scanner. Leading smartphone providers such as Samsung, Microsoft, and Vivo have begun to integrate these technologies in their latest handsets. Customers meanwhile are seen preferring fingerprint scanner integrated mobile to attain enhanced security compared to pins or patterns locks.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. EPILEDS
2. Epistar Corporation
3. Everlight Electronics Co. Ltd
4. Excelitas Technologies Corporation
5. High Power Lightning Corporation
6. Kingbright
7. LED Engin Inc.
8. Lextar Electronics
9. Lite-On Inc.
10. Lumileds
11. Luna Optoelectronics
12. Marktech Optoelectronics
13. Nichia Corporation
14. ON Semiconductor
15. Osram Opto Semiconductors Inc.
16. ROHM Semiconductor
17. TE Connectivity Measurement Specialities
18. Ushio OPTO Semiconductors Inc.
19. Vishay Intertechnology
20. Wurth Electronics Inc.
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In North America, Infrared (IR) LEDs are widely used in the automobile sector, with more and more carmakers incorporating IR LED components in their latest models. As per reports, the U.S. is one of the largest automotive markets with light vehicle sales hitting more than 17 million units in 2017.
In addition to the automotive sector, the U.S. smartphone industry has also been a key contributor in the evolving infrared LED market. This could be credited to the rising sales of new smartphones by users annually, further implicating rising purchasing power and high disposable income of citizen living in the region. Moreover, heavy investments in R&D for developing new pioneering technologies could generate new growth opportunities for players in North America infrared LED market.
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About Global Market Insights
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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