Reports
Global IR LED Market Size, Share, Growth, Trends, Price, Forecast: By Technology: IR LED Chip, IR LED Package; By Spectral Range: 700 nm – 850 nm, 850 nm – 950 nm, 950 nm – 1020 nm, 1020 nm – 1720 nm, Others; By Application: Biometrics, Imaging, Lighting, Others; By End-Use; Regional Analysis; Competitive Landscape; 2024-2032
Global IR LED Market Outlook
The global IR LED market size is assessed to grow in the forecast period of 2024-2032 at a CAGR of 8.50%. The market growth is being driven by rising demands for imaging and increasing usage in automotives and machine-to-machine environments.
The global IR LED market is being driven the increasing demand for consumer electronics and growing defence applications of the infrared LED technology. Rising disposable incomes and availability of a wide range of consumer electronics are surging the demand for infrared LEDs. Intelligent lighting technology that is part of the Industrial Internet of Things (IIoT) and dynamic machine vision systems are further expanding the market potential for IR LED. Infrared LED is also becoming increasingly utilised in advanced surveillance applications including automatic licence plate recognition and biometrics for facial, fingerprint, and iris recognition.
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At a regional level, the Asia Pacific infrared LED market is anticipated to witness significant growth over the coming years. The market is expanding due to the presence of densely populated nations like China and India, rising disposable income, and shifting consumer lifestyles.
Flourishing Automotive Sector Increasing the Infrared Led Market Share
The robust growth of the automotive sector is boosting the market growth of IR LEDs. The growing emphasis on road safety and the rising demand for advanced electronics in vehicles is further aiding the market growth. IR LED are also utilised for outdoor automotive applications, such as lane recognition, gesture recognition, night vision, and pedestrian protection.
The surging use of IR LED in biometrics of phone and security systems is further aiding the market growth for infrared LEDs. With advancements in technology and rising internet penetration, mobile banking and digital wallets are becoming more prevalent, which require more advanced security.
In addition, rising cases of burglary and property damage have increased the demand for safety alarms. The use of IR LED in safety alarm systems as a motion sensor is propelling the market growth. As infrared light is invisible to the naked human eye, infrared LEDs can be used for optimum lightning performance in night surveillance cameras. The advent of smart homes, smart cities, and smart offices, especially in developed cities, are heightening the demand for remote controls for lighting, music systems, and televisions, which is consequently increasing the infrared LED market size.
IR LED: Market Segmentation
An IR LED or infrared LED is an infrared light-emitting diode, a semiconductor device that releases infrared rays when exposed to an electric current. They are commonly used in several transfer systems, such as in remote controls for televisions and in night-vision cameras, among others.
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Based on technology, the market is bifurcated into:
- IR LED Chip
- IR LED Package
The infrared LED market segmentation by spectral range is:
- 700 nm – 850 nm
- 850 nm – 950 nm
- 950 nm – 1020 nm
- 1020 nm – 1720 nm
- Others
Based on application, the market is categorised into:
- Biometrics
- Imaging
- Lighting
- Remote Sensing
- Surveillance
- Others
On the basis of end-use, the market is divided into:
- Aerospace and Defence
- Automotive
- Consumer Electronics
- Commercial
- Industrial
- Healthcare and Hospitality
- Retail
- Others
The EMR report looks into the regional markets of IR LED like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Use in Healthcare Sector to Bolster the Infrared LED Market Growth
As infrared LEDs consume low energy and generate low heat, they provide minimal harm to the environment and are increasingly used in various applications, invigorating the market growth. In addition, the cost-effectiveness and efficient production of infrared lights of various wavelengths by IR LEDs is one of the key infrared LED market trends augmenting the market.
The rising use of IR LED in the healthcare sector is expected to aid the market growth for infrared LEDs as infrared therapy is used to treat pain and inflammation in various body parts. Moreover, recent research is indicating the potential use of IR LED therapy in the treatment of various health conditions, such as arthritis, muscle pain, and joint stiffness, among others. Additionally, IR LEDs are also used in several medical devices used for endoscopy, blood analysis, and skin and wound treatment, which is significantly bolstering the global infrared LED market size.
Moreover, the increasing prevalence of security installations to minimise theft and monitor homes is also aiding the market for infrared LEDs. The escalating applications of IR LEDs in machine-to-machine environments (M2M) and the Internet of things (IoT) is catalysing the market growth. IR LEDs are also increasingly being used for gesture recognition in game consoles.
Key Players in the Global IR LED Market
The report presents a detailed analysis of the following key players in the global IR LED market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- OSRAM Opto Semiconductors GmbH
- EPILEDS Technologies, Inc.
- Epistar Corporation
- Nichia Corporation
- Kingbright Company, LLC
- Everlight Electronics Co., Ltd
- ROHM Co., Ltd.
- Würth Elektronik GmbH & Co. KG
- Harvatek Corporation
- Hamamatsu Photonics K.K
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Spectral Range |
|
| Breakup by Application |
|
| Breakup by End-Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global IR LED Market Analysis
8.1 Key Industry Highlights
8.2 Global IR LED Historical Market (2018-2023)
8.3 Global IR LED Market Forecast (2024-2032)
8.4 Global IR LED Market by Technology
8.4.1 IR LED Chip
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 IR LED Package
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global IR LED Market by Spectral Range
8.5.1 700 nm – 850 nm
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 850 nm – 950 nm
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 950 nm – 1020 nm
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 1020 nm – 1720 nm
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global IR LED Market by Application
8.6.1 Biometrics
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Imaging
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Lighting
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Remote Sensing
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Surveillance
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global IR LED Market by End-Use
8.7.1 Aerospace and Defence
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Automotive
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Consumer Electronics
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Commercial
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Industrial
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Healthcare and Hospitality
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Retail
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global IR LED Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America IR LED Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe IR LED Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific IR LED Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America IR LED Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa IR LED Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 OSRAM Opto Semiconductors GmbH
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 EPILEDS Technologies, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Epistar Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Nichia Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kingbright Company, LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Everlight Electronics Co., Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 ROHM Co., Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Würth Elektronik GmbH & Co. KG
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Harvatek Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Hamamatsu Photonics K.K
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global IR LED Market: Key Industry Highlights, 2018 and 2032
2. Global IR LED Historical Market: Breakup by Technology (USD Million), 2018-2023
3. Global IR LED Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. Global IR LED Historical Market: Breakup by Spectral Range (USD Million), 2018-2023
5. Global IR LED Market Forecast: Breakup by Spectral Range (USD Million), 2024-2032
6. Global IR LED Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global IR LED Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global IR LED Historical Market: Breakup by End-Use (USD Million), 2018-2023
9. Global IR LED Market Forecast: Breakup by End-Use (USD Million), 2024-2032
10. Global IR LED Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global IR LED Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America IR LED Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America IR LED Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe IR LED Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe IR LED Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific IR LED Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific IR LED Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America IR LED Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America IR LED Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa IR LED Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa IR LED Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global IR LED Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.50% between 2024 and 2032.
The major drivers of the market are growing use of IR LED in the automotive sector and the rising application of the product in smart homes and smart offices.
The key trends guiding the market growth include the cost-effectiveness and high efficiency of infrared LED and its increasing use in the healthcare sector in therapies and medical devices.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
IR LED chip and IR LED package are the major technologies considered in the market report.
The different spectral ranges of IR LED are 700 nm – 850 nm, 850 nm – 950 nm, 950 nm – 1020 nm, and 1020 nm – 1720 nm, among others.
The various applications of IR LED include biometrics, imaging, lighting, remote sensing, and surveillance, among others.
The significant end uses of IR LED are aerospace and defence, automotive, consumer electronics, commercial, industrial, healthcare and hospitality, and retail, among others.
The key players in the IR LED market are OSRAM Opto Semiconductors GmbH, EPILEDS Technologies, Inc., Epistar Corporation, Nichia Corporation, Kingbright Company, LLC, Everlight Electronics Co., Ltd, and ROHM Co., Ltd., among others.
Analyst Review
The global IR LED market is driven by the rising prevalence of smart homes and smart offices across the globe. Aided by the increasing use of IR LED in healthcare sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.50%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on technology, the market is bifurcated into IR LED chip and IR LED package. On the basis of spectral range, the market is categorised into 700 nm – 850 nm, 850 nm – 950 nm, 950 nm – 1020 nm, and 1020 nm – 1720 nm, among others. Based on application, the market is divided into biometrics, imaging, lighting, remote sensing, and surveillance, among others. By end-use, the market is segregated into aerospace and defence, automotive, consumer electronics, commercial, industrial, healthcare and hospitality, and retail, among others. The major regional markets for IR LED are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include OSRAM Opto Semiconductors GmbH, EPILEDS Technologies, Inc., Epistar Corporation, Nichia Corporation, Kingbright Company, LLC, Everlight Electronics Co., Ltd, ROHM Co., Ltd., Würth Elektronik GmbH & Co. KG, Harvatek Corporation, and Hamamatsu Photonics K.K, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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