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Jun 03, 2023

Infrared Light

NEW YORK, June 5, 2023 /PRNewswire/ -- The global infrared light-emitting diode

NEW YORK, June 5, 2023 /PRNewswire/ -- The global infrared light-emitting diode market size is estimated to grow by USD 242.69 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 8.09% during the forecast period. APAC is estimated to account for 67% of the global market growth. The region is a global manufacturing center for consumer electronics and other industrial products requiring infrared light-emitting diodes. Furthermore, infrared-emitting diodes are widely used in automotive applications such as driver monitoring and gesture control. The growing automobile production in APAC will drive the adoption of infrared light-emitting diodes, which ultimately drives the growth of the market during the forecast period. Moreover, the widespread acceptance of remote controls by major smart TV and game console manufacturers in the region is another factor driving the demand for infrared-emitting diodes in APAC. Hence, such factors drive the regional market growth during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Infrared Light-emitting Diode Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on type (Gallium arsenide LED and Aluminum gallium arsenide LED), application (consumer electronics, surveillance, automotive, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The market share growth by the gallium arsenide LED segment will be significant for overall market growth during the forecast period. Gallium arsenide(GaAs) is a semiconductor that can emit light and is used in the LED field because of its direct bandgap. Furthermore, GaAs infrared emitting diodes are fast, which makes them suitable to be used in radio frequency (RF) devices such as mobile phones and microwave ovens, which are primarily used in military applications such as radar and smart weapons. Hence, such factors ultimately increase market revenue over the forecast period.

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Infrared Light-emitting Diode Market – Market DynamicsKey factor driving market growth

Increasing integration of biometrics in consumer electronics notably drives the infrared (IR) light-emitting diode (LED) market growth.

Some of the devices integrating complex eye-tracking systems into consumer devices such as smartphones, notebooks, and tablets include advanced computer chips, modern camera sensors, and highly efficient infrared light-emitting diodes.

Furthermore, these systems allow the device to detect the user's eye movements and besides common input methods, eye tracking and retinal scanning enable new intuitive interactions between humans and machines.

Moreover, based on information about the position of a reference object such as a screen, special software can detect exactly where the user is looking.

Hence, the application of biometrics in consumer electronics increases the demand for infrared light-emitting diodes, driving the infrared (IR) light-emitting diode (LED) market growth during the forecast period.

Leading trends influencing the market

The increasing number of smart cities is a key trend that influences the Infrared (IR) LED Market growth.

The number of smart cities is expected to grow rapidly during the forecast period with cutting-edge technologies such as big data and artificial intelligence carrying out tasks such as real-time video surveillance and emergency response.

Also, smart cities use multiple interconnected digital technologies to improve communication between devices, increase performance, reduce costs, and contribute to the efficient use of resources.

Such digital technologies include Smart Pole solutions that support intelligent transportation. These factors increase the demand for surveillance systems and related components such as infrared emitting diodes.

Hence, due to the increasing number of smart cities, the application of infrared light-emitting diodes will increase, which will drive the market over the forecast period.

Major challenges hindering the market growth

Indoor limitations of infrared light-emitting diodes are challenges hindering the IR Light-emitting Diode (LED) Market growth.

Given the reflective surfaces, indoor use of cameras with infrared-emitting diodes is not easy, whereas, in residential applications, infrared-emitting diodes tend to bounce off windows and reflect back onto the camera.

Thus, if the camera is pointed looking through a window, the video will be washed out. Furthermore, infrared cameras can be used indoors when there are open areas free of reflective surfaces, windows, or other objects but it does not perform optimally indoors.

Hence, the limitations on indoor infrared light-emitting diodes will have a negative impact on market growth during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Infrared Light-emitting Diode Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the infrared light-emitting diode market between 2023 and 2027

Precise estimation of the size of the infrared light-emitting diode market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the infrared light-emitting diode market across APAC, North America, Europe, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of infrared light-emitting diode market vendors

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Infrared Light-emitting Diode Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.09%

Market growth 2023-2027

USD 242.69 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.58

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 67%

Key countries

US, China, South Korea, Taiwan, and Singapore, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adolf Wurth GmbH and Co. KG, ams OSRAM AG, Ennostar Inc., Epileds Technologies Inc., Everlight Electronics Co. Ltd., EXALOS AG, Excelitas Technologies Corp., High Power Lighting Corp., Kingbright Electronic Co. Ltd., Kioxia Corp., Lumileds Holding BV, Luna Innovations Inc., Marktech Optoelectronics Inc., Nichia Corp., ROHM Co. Ltd., TE Connectivity Ltd., Toyoda Gosei Co. Ltd., Ushio America Inc., Vishay Intertechnology Inc., and Wolfspeed Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global infrared light-emitting diode market 2017 - 2021

4.2 Application Segment Analysis 2017 - 2021

4.3 Type Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Gallium arsenide LED - Market size and forecast 2022-2027

6.4 Aluminium gallium arsenide LED - Market size and forecast 2022-2027

6.5 Market opportunity by Type

7 Market Segmentation by Application

7.1 Market segments

7.2 Comparison by Application

7.3 Consumer electronics - Market size and forecast 2022-2027

7.4 Surveillance - Market size and forecast 2022-2027

7.5 Automotive - Market size and forecast 2022-2027

7.6 Others - Market size and forecast 2022-2027

7.7 Market opportunity by Application

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

9.4 North America - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 China - Market size and forecast 2022-2027

9.9 US - Market size and forecast 2022-2027

9.10 South Korea - Market size and forecast 2022-2027

9.11 Taiwan - Market size and forecast 2022-2027

9.12 Singapore - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 ams OSRAM AG

12.4 Ennostar Inc.

12.5 Epileds Technologies Inc.

12.6 Everlight Electronics Co. Ltd.

12.7 Excelitas Technologies Corp.

12.8 High Power Lighting Corp.

12.9 Kingbright Electronic Co. Ltd.

12.10 Kioxia Corp.

12.11 Lumileds Holding BV

12.12 Luna Innovations Inc.

12.13 Marktech Optoelectronics Inc.

12.14 Nichia Corp.

12.15 ROHM Co. Ltd.

12.16 Vishay Intertechnology Inc.

12.17 Wolfspeed Inc.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com

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