Lighting Infrared LED Market Size, Share, Trends, Growth Opportunities, Key Drivers and Competitive Outlook

Introduction

Lighting Infrared LEDs (Light Emitting Diodes) represent a rapidly growing segment within the broader LED market. Unlike traditional visible light LEDs, infrared LEDs emit light in the infrared spectrum, which is invisible to the human eye but crucial for various applications. These LEDs are used in a range of technologies including remote controls, night vision devices, security cameras, and industrial applications. The demand for infrared LEDs is driven by their efficiency, longevity, and versatility. This post provides an in-depth analysis of the lighting infrared LED market, exploring its size, share, demand, trends, and growth.

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Market Size

Data Bridge Market Research analyses that the global lighting infrared LED market which was USD 680 million in 2022, is expected to reach USD 2,300 million by 2030, and is expected to undergo a CAGR of 13% during the forecast period 2023-2030. This indicates that the market value. "Medium-Wave Infrared (MWIR) LED" dominates the spectral range segment of the Infrared LED market owing to the growing demand for surgical/operating microscopes for microsurgeries of the brain and spine. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Some of the major players operating in the global lighting infrared LED market are:

EPILEDS TECHNOLOGIES INC.(Taiwan)
EPISTAR Corporation (Taiwan)
Koninklijke Philips N.V. (Netherlands)
TE Connectivity (Switzerland)
Luna (India)
Marktech Optoelectronics (U.S.)
Everlight Electronics Co. Ltd (Taiwan)
Excelitas Technologies Corp. (U.S.)
High Power Lighting Corporation (Taiwan)
Lextar Electronics Corporation, ROHM Co. Ltd. (China)
Kingbright Electronic Co. Ltd. (U.S.)
Lite-On Inc. (Taiwan)
Lumileds (U.S.)
Nichia Corporation (Japan)
ON Semiconductor (U.S.)
Osram Opto Semiconductors GmbH (Germany)
Ushio OPTO Semiconductors Inc (Japan)
Vishay Intertechnology, Inc. (U.S.)
Würth Elektronik GmbH & Co. KG (Germany)

Market Share

The lighting infrared LED market is composed of several key players who dominate the market share. Major companies in this sector include Osram Opto Semiconductors, Cree Inc., Nichia Corporation, and Broadcom Inc. These companies have established a significant presence in the market due to their advanced technology, extensive product portfolios, and strong distribution networks.

Osram Opto Semiconductors is a leading player with a substantial market share, driven by its innovative infrared LED products and commitment to research and development. Cree Inc. is another major player known for its high-performance LEDs and substantial investments in technology. Nichia Corporation and Broadcom Inc. also hold significant market shares, offering a wide range of infrared LED solutions to meet diverse customer needs.

Market Demand

The demand for lighting infrared LEDs is driven by several factors. The primary driver is the increasing use of infrared LEDs in security and surveillance systems. As concerns over safety and security rise, there is a growing need for infrared LEDs in night vision cameras, motion detectors, and other security devices. These LEDs enable clear visibility in low-light conditions and enhance the effectiveness of surveillance systems.

Another significant driver of demand is the automotive industry. Infrared LEDs are used in various automotive applications, including adaptive cruise control, lane-keeping assistance, and collision avoidance systems. As vehicles become more advanced and incorporate more sophisticated technologies, the demand for infrared LEDs in automotive applications continues to grow.

Consumer electronics also contribute to the rising demand for infrared LEDs. Infrared LEDs are commonly used in remote controls for televisions, air conditioners, and other electronic devices. The proliferation of smart home technologies and connected devices further fuels the demand for infrared LEDs in these applications.

Market Trends

Several trends are shaping the lighting infrared LED market. One prominent trend is the increasing focus on miniaturization and integration. Manufacturers are developing smaller and more compact infrared LEDs that can be easily integrated into various devices and systems. This trend is driven by the growing need for space-saving solutions in consumer electronics and automotive applications.

Another trend is the advancement in infrared LED technology. Innovations such as high-power infrared LEDs and multi-wavelength LEDs are enhancing the performance and versatility of these components. High-power infrared LEDs provide greater illumination and longer range, making them suitable for demanding applications such as long-range night vision and advanced security systems.

The development of smart technologies is also influencing the market. Smart infrared LEDs, which can be controlled and adjusted remotely, are gaining popularity in applications such as smart home systems and connected devices. These smart solutions offer greater flexibility and control, enhancing the functionality of infrared LED-based systems.

Market Growth

The lighting infrared LED market is projected to experience steady growth over the coming years. The market is expected to grow at a compound annual growth rate (CAGR) of approximately 7% from 2024 to 2029. Several factors contribute to this growth. The increasing adoption of infrared LEDs in various sectors, including security, automotive, and consumer electronics, is a major driver of market expansion.

Technological advancements and innovations in infrared LED technology are also supporting market growth. As manufacturers continue to develop more advanced and efficient infrared LEDs, the range of applications and potential uses expands. This technological progress is likely to attract new customers and drive demand for infrared LED solutions.

Emerging markets in Asia-Pacific, Latin America, and the Middle East are also contributing to market growth. These regions are experiencing rapid urbanization and technological development, leading to increased investments in infrastructure and technology. As these markets grow, the demand for infrared LEDs in security systems, automotive applications, and consumer electronics is expected to rise.

Additionally, the growing emphasis on energy efficiency and sustainability is influencing market growth. Infrared LEDs are known for their energy efficiency and long lifespan compared to traditional lighting solutions. As industries and consumers increasingly prioritize energy-saving technologies, the adoption of infrared LEDs is likely to grow.

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