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Infrared LED Market share, Market trends, and forecasts from 2024 to 2031.

03-01-2024 08:56 AM CET | Food & Beverage

Press release from: Report Prime

Infrared LED Market share, Market trends, and forecasts from

Market Overview and Report Coverage

An Infrared LED (Light Emitting Diode) is a type of LED that emits infrared light, which is not visible to the human eye. These LEDs are commonly used in applications such as remote controls, security cameras, and night vision devices.
The future outlook for the Infrared LED Market appears promising, with a projected growth rate of 9.10% during the forecasted period. This growth can be attributed to the increasing demand for infrared LEDs in various industries, including automotive, healthcare, and consumer electronics. The growing adoption of infrared LEDs in security and surveillance systems, as well as in facial recognition technology, is also expected to drive market growth.
Furthermore, advancements in technology, such as the development of high-power and high-efficiency infrared LEDs, are likely to further boost market expansion. The current outlook for the Infrared LED Market is positive, with key players focusing on research and development to improve the performance and efficiency of these LEDs. Overall, the Infrared LED Market is expected to experience significant growth in the coming years, driven by increasing demand from various industries and technological advancements.

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Market Segmentation
The Infrared LED Market Analysis by types is segmented into:
• 700nm-850nm
• 850nm-940nm
• 940nm-1020nm
• 1020nm-1720nm

Infrared LED market is segmented based on the wavelength range they emit. The 700nm-850nm segment is commonly used for remote controls and surveillance cameras. The 850nm-940nm segment is popular for night vision applications. The 940nm-1020nm segment is suitable for medical and industrial applications. The 1020nm-1720nm segment is used in spectroscopy and telecommunications. Each segment caters to specific needs in various industries where infrared lighting is required for specialized purposes.

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The Infrared LED Market Industry Research by Application is segmented into:
• Biometric
• Imaging
• Lighting
• Other

The Infrared LED market has diverse applications including biometric authentication, such as facial recognition and fingerprint scanning. It is also widely used in imaging technologies for night vision cameras and IR sensors. In the lighting sector, Infrared LEDs are utilized for security lighting, automotive lighting, and smart lighting systems. Other markets for Infrared LEDs include remote controls, sensors for industrial automation, and communication devices. The versatility and efficiency of Infrared LEDs make them essential components in various industries.

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In terms of Region, the Infrared LED Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Infrared LED market?
Some emerging trends in the global Infrared LED market include the increasing adoption of infrared LEDs in automotive applications for driver assistance systems and surveillance cameras for security purposes. The development of advanced technologies like gallium nitride (GaN) based infrared LEDs for improved performance and efficiency is also a growing trend. Additionally, the rising popularity of infrared LEDs in consumer electronics such as smartphones for facial recognition and gesture recognition is driving market growth. Integration of infrared LEDs in medical devices for applications like pulse oximetry and blood glucose monitoring is another key trend shaping the market dynamics.

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Major Market Players
Nichia Corporation is a leading Japanese manufacturer of LEDs, with a long history of innovation in the field. The company was founded in 1956 and has since become one of the largest suppliers of LEDs worldwide. Nichia's dedication to research and development has led to numerous breakthroughs in LED technology, resulting in a wide range of high-quality products that are used in various applications such as automotive lighting, consumer electronics, and general lighting.
Nichia has seen significant market growth in recent years, with an increasing demand for energy-efficient lighting solutions driving the growth of the LED market. The company has expanded its product portfolio to meet this demand, offering a wide range of LEDs with high efficiency, brightness, and color quality.
Another major player in the competitive Infrared LED market is Osram, a German multinational corporation specializing in lighting technology. Osram has a long history of innovation in the lighting industry, dating back to its founding in 1919. The company has a strong global presence and offers a wide range of LED products for various applications.
Osram has been focusing on expanding its presence in the LED market, with a particular focus on infrared LEDs for applications such as security cameras, surveillance systems, and remote controls. The company's commitment to innovation and research has helped it maintain a competitive edge in the market and drive growth in recent years.
In terms of sales revenue, companies such as Epistar, Everlight Electronics, and Lextar have reported significant revenues in the Infrared LED market. For example, Everlight Electronics reported sales revenue of over $1.5 billion in 2020, highlighting the company's strong position in the market and its ability to capitalize on the growing demand for LEDs.

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Contact Us:
Name: Mahesh Patel
Phone: +1 507 500 7209
Email: sales@reportprime.com

At ReportPrime.com, our vision is to revolutionize the market research industry by delivering unprecedented value to our clients through our audacious goal of providing unparalleled research quality, ethical practices, and affordability. We strive to empower businesses of all sizes with actionable, accurate, and unbiased insights that inform strategic decision-making, drive growth and innovation. We are committed to fostering a culture of excellence, integrity, and transparency, and to fostering lasting partnerships with our clients through affordability and dedicated client servicing.

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