Reports
Global IR LED Market: By Technology: IR LED Chip, IR LED Package; By Spectral Range; By Application: Biometrics, Imaging, Lighting, Remote Sensing, Surveillance, Others; By End-Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global IR LED Market Outlook
The global IR LED market is supported by the global LED lighting market, which attained a value of about USD 48 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 12% to reach approximately USD 95 billion by 2026.
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Flourishing Automotive Sector Aiding the Growth of IR LED Industry
The robust growth of the automotive sector is boosting the market growth of IR LED. The growing emphasis on road safety and the rising demand for advanced electronics in vehicles is further aiding the market growth. Moreover, the development of IR LED for outdoor applications, such as lane recognition, gesture recognition, night vision, and pedestrian protection, is also catalysing the market growth. With the advancement of technology and internet penetration, mobile banking and digital wallets are becoming more prevalent, which requires more advanced security. The surging use of IR LED in biometrics of phone and security systems is further aiding the market growth.
In addition, the 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 industry growth. As infrared light is invisible to the naked human eye, it is used for optimum lightning performance in night surveillance cameras, which is also aiding the industry growth. Technological advancements and the advent of smart homes, smart cities, and smart offices, especially in developed cities, are relying on the use of remote control for lighting, music systems, and television, which is consequently facilitating the market growth.
IR LED: Market Segmentation
An IR LED, variously known as an infrared light-emitting diode, is 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 television and night-vision cameras, among others.
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The major technologies of IR LED are:
- IR LED Chip
- IR LED Package
The market can be broadly classified on the basis of its spectral range into:
- 700 nm – 850 nm
- 850 nm – 950 nm
- 950 nm – 1020 nm
- 1020 nm – 1720 nm
- Others
Based on the applications, the industry is segmented into:
- Biometrics
- Imaging
- Lighting
- Remote Sensing
- Surveillance
- Others
On the basis of end use, IR LED can be 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 of IR LED in Healthcare Sector to Bolster the Growth of IR LED Industry
As IR 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 LED is augmenting the market growth. Moreover, the increasing prevalence of security installations to minimise theft and monitor homes is also aiding the market growth. Further, the escalating applications of IR LED in machine-to-machine environments (M2M) and the Internet of things (IoT) is catalysing the industry growth. The use of IR LED in gesture recognition in game consoles like X-box one Kinect Motion Senor is further fuelling the industry growth.
The use of IR LED in the healthcare sector is expected to aid the market growth. The prevalence of infrared therapy to treat pain and inflammation in various body parts is driving the growth of the IR LED industry. Moreover, recent research in the field could be attributed to the use of the therapy in the treatment of various health conditions, such as arthritis, muscle pain, and joint stiffness, among others, which is increasing the use of IR LED, consequently boosting the industry growth. Additionally, they are also used in several medical devices used for endoscopy, blood analysis, and skin and wound treatment, which is significantly bolstering the market growth.
Key Industry 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.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment-Technology, Spectral Range, Application, End-Use, Regions |
| Breakup by Technology | IR LED Chip, IR LED Package |
| Breakup by Spectral Range | 700 nm – 850 nm, 850 nm – 950 nm, 950 nm – 1020 nm, 1020 nm – 1720 nm, Others |
| Breakup by Application | Biometrics, Imaging, Lighting, Remote Sensing, Surveillance, Others |
| Breakup by End-Use | Aerospace and Defence, Automotive, Consumer Electronics, Commercial, Industrial, Healthcare and Hospitality, Retail, Others |
| Breakup by Regions | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand and Price |
| Competitive Landscape | Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | OSRAM Opto Semiconductors GmbH, EPILEDS Technologies, Inc., Epistar Corporation, Nichia Corporation, Kingbright Company, LLC, Everlight Electronics Co., Ltd, ROHM Co., Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 (2018-2022)
8.3 Global IR LED Market Forecast (2023-2028)
8.4 Global IR LED Market by Technology
8.4.1 IR LED Chip
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 IR LED Package
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global IR LED Market by Spectral Range
8.5.1 700 nm – 850 nm
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 850 nm – 950 nm
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 950 nm – 1020 nm
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 1020 nm – 1720 nm
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global IR LED Market by Application
8.6.1 Biometrics
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Imaging
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Lighting
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Remote Sensing
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Surveillance
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global IR LED Market by End-Use
8.7.1 Aerospace and Defence
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Automotive
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Consumer Electronics
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Commercial
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Industrial
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Healthcare and Hospitality
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Retail
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2022)
8.7.7.3 Forecast Trend (2023-2028)
8.7.8 Others
8.8 Global IR LED Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America IR LED Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe IR LED Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific IR LED Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America IR LED Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa IR LED Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 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 2028
2. Global IR LED Historical Market: Breakup by Technology (USD Million), 2018-2022
3. Global IR LED Market Forecast: Breakup by Technology (USD Million), 2023-2028
4. Global IR LED Historical Market: Breakup by Spectral Range (USD Million), 2018-2022
5. Global IR LED Market Forecast: Breakup by Spectral Range (USD Million), 2023-2028
6. Global IR LED Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global IR LED Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global IR LED Historical Market: Breakup by End-Use (USD Million), 2018-2022
9. Global IR LED Market Forecast: Breakup by End-Use (USD Million), 2023-2028
10. Global IR LED Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global IR LED Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America IR LED Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America IR LED Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe IR LED Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe IR LED Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific IR LED Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific IR LED Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America IR LED Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America IR LED Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa IR LED Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa IR LED Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global IR LED Market Structure
Key Questions Answered in the Report
The global IR LED market is supported by global LED lighting market, which attained a value of nearly USD 48 billion in 2020.
The market is supported by global LED lighting market, which is projected to grow at a CAGR of 12% between 2021 and 2026.
The market is supported by global LED lighting market, which is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 95 billion by 2026.
The market is being aided by the use of IR LED in automotive sector and the rising prevalence of the product in smart homes and smart offices.
The market is driven by the cost-effectiveness and the high efficiency of infrared LED, and its increasing use in the healthcare sector in therapies and medical devices.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major technologies of IR LED in the industry are IR LED chip and IR LED package.
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 in the industry are biometrics, imaging, lighting, remote sensing, and surveillance, among others.
The significant end uses of IR LED in the industry are aerospace and defence, automotive, consumer electronics, commercial, industrial, healthcare and hospitality, and retail, among others.
The major players in the industry 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 supported by global LED lighting market, which attained a value of about USD 48 billion in 2020, 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 2023-2028, growing at a CAGR of 12%. The market is projected to reach about USD 95 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its technologies, the IR LED industry can be segmented into IR LED chip and IR LED package. On the basis of spectral ranges, the industry is categorised into 700 nm – 850 nm, 850 nm – 950 nm, 950 nm – 1020 nm, and 1020 nm – 1720 nm, among others. On the basis of applications, the industry is divided into biometrics, imaging, lighting, remote sensing, and surveillance, among others. By end uses, the industry 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, and ROHM Co., Ltd., 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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