Infrared (IR) LED Market Share Evolution and Market Growth Trends 2024 - 2031

The "Infrared (IR) LED Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Infrared (IR) LED market is expected to grow annually by 4.5% (CAGR 2024 - 2031).

This entire report is of 186 pages.

Infrared (IR) LED Introduction and its Market Analysis

The global Infrared (IR) LED market is projected to witness significant growth due to increasing demand for IR LEDs in various applications such as surveillance, automotive, healthcare, and consumer electronics. Major factors driving revenue growth in the market include technological advancements, rising adoption of IR LEDs in security systems, and increasing awareness about energy-efficient lighting solutions. Key players in the market, such as EVERLIGHT, Epistar, Osram, and Vishay Intertechnology, are focusing on product innovation and strategic partnerships to expand their market presence. The market research report provides insights on market trends, competitive landscape, and recommendations for businesses looking to capitalize on the growing demand for IR LEDs.

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The Infrared (IR) LED market is experiencing significant growth, particularly in the segments of 700nm-850nm, 850nm-940nm, 940nm-1020nm, and 1020nm-1720nm. These LEDs are being widely used in Security and Surveillance, Iris & Facial Recognition, Automotive, Computer and Office applications. In addition, they are being utilized in various other applications like medical devices and industrial automation.

Regulatory and legal factors specific to the market conditions include compliance with safety standards and regulations set by organizations such as the International Electrotechnical Commission (IEC) and the National Electrical Manufacturers Association (NEMA). It is crucial for manufacturers to ensure that their products meet these standards to guarantee consumer safety and avoid legal issues.

Overall, the Infrared LED market is thriving due to the increasing demand for security solutions, advancements in facial recognition technology, and the growing automotive industry. With the right regulatory compliance and legal adherence, the market is expected to continue its upward trajectory in the coming years.

Top Featured Companies Dominating the Global Infrared (IR) LED Market

The global Infrared (IR) LED market is highly competitive with prominent players such as EVERLIGHT, Epistar, Osram, DOWA, Lite-On Technology, Vishay Intertechnology, Luminus, Ushio, AU Optronics (Lextar), Showa Denko (SDK), Lumileds, Kingbright, HPLighting, ON Semiconducts, and Rohm Semiconductor. These companies are involved in the manufacturing and distribution of Infrared (IR) LEDs for various applications such as surveillance, automotive, healthcare, consumer electronics, and industrial automation.

EVERLIGHT, Epistar, and Osram are some of the key players in the market with a strong presence in the global market. These companies focus on product innovation, partnerships, and acquisitions to expand their market share and cater to the growing demand for Infrared (IR) LEDs. Companies like DOWA, Lite-On Technology, and Vishay Intertechnology are also actively involved in the development of advanced Infrared (IR) LED products for niche applications.

Luminus, Ushio, AU Optronics (Lextar), Showa Denko (SDK), and Kingbright are some of the other major players in the market that contribute significantly to the growth of the Infrared (IR) LED market. These companies invest in research and development to introduce new products and technologies that meet the evolving needs of customers.

In terms of sales revenue, companies like Osram, Vishay Intertechnology, and Rohm Semiconductor have reported strong financial performances in the Infrared (IR) LED market. These companies have a wide customer base and offer a diverse range of products that cater to different industry verticals. Overall, the competition in the Infrared (IR) LED market is intense, with key players striving to innovate and deliver high-quality products to drive market growth.

• EVERLIGHT
• Epistar
• Osram
• DOWA
• Lite-On Technology
• Vishay Intertechnology
• Luminus
• Ushio
• AU Optronics (Lextar)
• Showa Denko (SDK)
• Lumileds
• Kingbright
• HPLighting
• ON Semiconducts
• Rohm Semiconductor

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Infrared (IR) LED Market Analysis, by Type:

• 700nm-850nm
• 850nm-940nm
• 940nm-1020nm
• 1020nm-1720nm
• Security and Surveillance
• Iris & Facial Recognition
• Automotive
• Computer and Office

There are several types of Infrared (IR) LED available in the market, ranging from 700nm-850nm, 850nm-940nm, 940nm-1020nm, and 1020nm-1720nm. These different types cater to various applications such as security and surveillance, iris & facial recognition, automotive, and computer and office use. The versatility of IR LEDs in these areas has significantly boosted the demand for them in the market. The ability to provide covert illumination for security purposes, accurate biometric identification through iris and facial recognition, enhanced visibility for automotive applications, and efficient data transmission in computer and office settings are the key factors driving the market growth.

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Infrared (IR) LED Market Analysis, by Application:

• Application A
• Application B
• Others

Infrared (IR) LED is used in various applications, including remote controls (Application A) for electronics, security systems (Application B) for surveillance and monitoring, and others such as proximity sensors and communication systems. IR LED emits infrared light that is not visible to the human eye but can be detected by sensors in the applications mentioned. The fastest growing application segment in terms of revenue is likely security systems, as the demand for surveillance technology continues to increase for both residential and commercial use, driving the sales of IR LED products for this purpose.

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Infrared (IR) LED Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Infrared (IR) LED market is expected to witness significant growth in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa regions. North America, especially the United States, is anticipated to dominate the market with a market share of around 30%. Europe, including countries like Germany, France, and the ., is expected to have a market share of around 25%. The Asia-Pacific region, with booming economies like China, Japan, and India, is projected to hold a market share of around 20%. Latin America and the Middle East & Africa regions are also expected to contribute to the market with market shares of around 15% and 10%, respectively.

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