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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 automotive and machine-to-machine environments.
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.
The global IR LED market growth is being driven by the increasing demand for consumer electronics and growing defence applications of infrared LED technology. Rising disposable incomes and the 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.
At a regional level, the market in Asia Pacific 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.
IR LED Market Regional Analysis
*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
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.
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