Global Infrared (IR) LED Market Research Report 2022

Infrared rays are electromagnetic radiations in the nonvisible spectrum of white light, which range from 1300 to 1700 nm. Infrared light emitting diode (IR LED) is a solid-state lighting (SSL) device, which emits light in the infrared range. It spreads the light on a vast area rather than concentrating it or in other words IR LED’s have a wide field of view. These LED’s find their extensive use in security and surveillance cameras, along with automated driving vehicles.
Market Analysis and Insights: Global Infrared (IR) LED Market
Due to the COVID-19 pandemic, the global Infrared (IR) LED market size is estimated to be worth US$ 739.6 million in 2022 and is forecast to a readjusted size of US$ 1383.3 million by 2028 with a CAGR of 11.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, 700nm-850nm accounting for % of the Infrared (IR) LED global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Security and Surveillance segment is altered to an % CAGR throughout this forecast period.
The world leading players in the Infrared (IR) LED market are EVERLIGHT, Epistar, Osram, DOWA, Lite-On Technology, Vishay Intertechnology, Luminus, Ushio, AU Optronics(Lextar), Showa Denko(SDK), Lumileds, Kingbright, HPLighting, ON Semiconducts, Rohm Semiconductor and so on. These top companies currently account for more than 89% of the total market share and are expected to retain their dominating hold over the market during the forecast period.
Global Infrared (IR) LED Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Infrared (IR) LED Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Downstream Industry. Each type provides information about the production during the forecast period of 2017 to 2028. by Downstream Industry segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
700nm-850nm
850nm-940nm
940nm-1020nm
1020nm-1720nm
Segment by Downstream Industry
Security and Surveillance
Iris & Facial Recognition
Automotive
Computer and Office
VR Device
Others
By Company
EVERLIGHT
Epistar
Osram
DOWA
Lite-On Technology
Vishay Intertechnology
Luminus
Ushio
AU Optronics (Lextar)
Showa Denko (SDK)
Lumileds
Kingbright
HPLighting
ON Semiconducts
Rohm Semiconductor
Production by Region
North America
Europe
China
Japan
Southeast Asia
Taiwan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina

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