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Global IR LED Market to be Supported by LED Lighting Market, which is Expected to Grow at a CAGR of 8.50% During 2024-2032, Aided by the Flourishing Healthcare Sector

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Global IR LED Market Size, Share, Growth, Trends, 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

IR LED Market Analysis

IR LEDs are semiconductor devices that emit light in the infrared spectrum, which is invisible to the human eye but can be detected by sensors and cameras. The market for IR LEDs is expanding due to their increasing adoption in diverse applications, from consumer electronics to industrial processes.

The growth of the market is propelled by the increasing demand for advanced sensor technology in various applications, the rise of IoT (Internet of Things), and the growing automotive and consumer electronics sectors. Ongoing advancements in semiconductor technology are some of the crucial IR LED market trends that have led to the development of more efficient, powerful, and compact IR LEDs. Some common innovations include improvements in wavelength specificity, power consumption, and integration with other electronic components.

Rising Use in the Healthcare Sector to Bolster 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 IR LED market demand for infrared LEDs as infrared therapy is used to treat pain and inflammation in various body parts. Moreover, recent research indicates 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 for endoscopy, blood analysis, and skin and wound treatment, which is significantly bolstering the global 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) are catalysing the market growth. IR LEDs are also increasingly being used for gesture recognition in game consoles.

Flourishing Automotive Sector Boosts the 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 LEDs 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, is heightening the demand for remote controls for lighting, music systems, and televisions, which is consequently increasing the infrared LED market size.

IR LED Market Report Snapshots

IR LED Market Size

IR LED Market Analysis

IR LED Market Regional Analysis

IR LED Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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

What is the global IR LED market growth rate?

The market is projected to grow at a CAGR of 8.50% between 2024 and 2032.

What are the major market drivers?

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.

What are the key trends of the market?

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.

What are the major regional markets of IR LED, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major technologies of IR LED considered in the market report?

IR LED chip and IR LED package are the major technologies considered in the market report.

What are the different spectral ranges of IR LED?

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.

What are the various applications of IR LED?

The various applications of IR LED include biometrics, imaging, lighting, remote sensing, and surveillance, among others.

What are the significant end-uses of IR LED?

The significant end uses of IR LED are aerospace and defence, automotive, consumer electronics, commercial, industrial, healthcare and hospitality, and retail, among others.

Who are the key market players, according to the infrared LED market report?

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.

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