Infrared (IR) LED Market Size By Spectral Range (700nm-850nm, 850nm-940nm, 940nm-1020nm, 1020nm-1720nm), By Application (Biometrics, Imaging, Lighting, Remote Sensing, Surveillance), By End-use (Aerospace& Defense, Automotive, BFSI, Consumer Electronics, Education, Healthcare, Industrial, Retail), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: May 2020  |  Report ID: GMI437  |  Authors: Preeti Wadhwani, Shubhangi Yadav

Report Format: PDF   |   Pages: 250   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Infrared (IR) LED Market size surpassed USD 500 million in 2019 and is estimated to grow at over 10% CAGR between 2020 and 2026. The global industry shipments are projected to reach 8 billion units by 2026.
 

IR LEDs are special purpose light emitting diodes that radiate IR signals at more drawn out wavelengths. These devices allow cheap and efficient production of IR light and can deliver electromagnetic radiations in 700 nm to 1mm range. IR LEDs are used in a wide range of signal transfer systems including remote control of television, infrared cameras for surveillance & night vision, etc. These LEDs are gaining high traction in the electronics sector due to low heat generation and low power consumption.
 

Infrared (IR) LED Market

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The rising trend for smart home and smart offices in various developing nations has provided opportunities for the IR LED market players. The IR technology is experiencing a rising implementation in smart homes for remote control of TVs, music systems, and lightings, driving market growth. According to the National Council for Home Safety and Security, 47% of the people in the U.S. own smart home products. This has resulted in the development of innovative smart home devices, with the implementation of IR technology.
 

The infrared LEDs offer several benefits, such as compact size, invisible infrared output, and rugged construction, making them ideally used for security and military applications. In the military sector, these devices are used for security cameras, night vision systems, and night vision goggles. This will create opportunities for companies to develop new products with innovative features and increase their market shares.
 

Infrared (IR) LED Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 500 Million
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 10% 2026 Value Projection: USD 1 Billion
Pages: 250 Tables, Charts & Figures: 386
Geographies covered (17): U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Taiwan, Brazil, Mexico, Argentina, UAE, Saudi Arabia
Segments covered: Spectral range, Application, End-Use, Region
Companies covered (19): EPILEDS, Epistar Corporation, Everlight Electronics Co. Ltd, Excelitas Technologies Corporation, High Power Lightning Corporation, Kingbright, Lextar Electronics, Lite-On Inc., Lumileds, Luna Optoelectronics, Marktech Optoelectronics, Nichia Corporation, ON Semiconductor, Osram Opto Semiconductors Inc., ROHM Semiconductor, TE Connectivity Measurement Specialities, Ushio OPTO Semiconductors Inc., Vishay Intertechnology, Wurth Electronics Inc.
Growth Drivers:
  • Presence of several optoelectronic players in Taiwan
  • High security demand in the U.S.
  • Rising integration of automotive electronics and advance vehicle systems
  • Favorable government regulations in China
  • Rising investment in technology in India
  • Increasing demand from the surveillance sector in UK
  • Technological; advancement and favorable investment landscape in South Korea
  • High investment in commercial sector to drive UAE market growth
Pitfalls & Challenges:
  • Declining cost of components
  • Low penetration of technology in several regions

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Demand for 850nm-950nm IR LED in the automotive sector will propel the market growth

Germany IR LED Market By Spectral Range

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The 850nm-950nm spectral range segment in the IR LED market held a revenue share of 50% in 2019 and is expected to witness over 10% growth till 2026. The growth is majorly attributed to its rising adoption in the automotive industry for night vision, gesture recognition, among others. The rising concern toward road safety in developing nations has led several automakers to deploy advanced electronics systems in vehicles. This will increase the integration of 950nm-1,020nm infrared LEDs and positively influence the market demand.
 

The companies in the industry are focusing on enhancing their product offerings for IR LED in automotive-specific applications, creating significant growth opportunities in the coming years. The 850nm IR LEDs are used for outdoor applications such as pedestrian protection, lane recognition, apron detection, and night vision, whereas the 940nm type is suitable for interior vehicle applications including gesture recognition, seat occupancy, and driver monitoring. In addition, the company also opened new manufacturing plants in Germany to expand the production capacity.
 

However, due to COVID-19 pandemic, majority of auto players worldwide have shut down their manufacturing plants and reduced their production capacity. This is majorly owing to uncertainty in raw material supply and decline in demand from consumers. This is likely to decline the IR LED market share in the automotive industry.
 

Increasing digital banking services will uptake the adoption of biometric application in the market

IR LED Market By Application

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The biometric application segment accounted for around 15% market share in 2019. The growing implementation of biometrics for face recognition and iris recognition in smartphones and security systems is creating high growth opportunities for infrared LEDs. These devices help to improve the accuracy of recognition systems on devices, driving their demand in the IR LED market.
 

The rising adoption of digital banking and mobile payment services has increased the deployment of biometric applications. These LEDs offer high reliability and security authentication for customers to perform digital transaction, creating high growth opportunities. In February 2018, the Bank of China Hong Kong announced the integration of figure vein authentication system into 160 ATM machines in 18 districts of China. This system uses near IR LED technology to scan the finger and identify the unique vein pattern of users.
 

Rise for medical therapies is propelling the IR LED market size

The healthcare sector is anticipated to observe a growth rate of more than 5% through 2026. The IR LEDs are likely to experience high growth potential in the healthcare sector because of their ability to assist in medical therapies including skin treatment and wound treatment. The IR LED in medical therapies utilizes several light wavelengths between 750nm to 1,000nm, depending upon the injured or inflamed body part. These devices are used for endoscopy applications and blood analysis, and they use the wavelength suitable for human tissues.
 

The rising coronavirus cases worldwide has resulted in the development and innovation of healthcare monitoring systems. The research institutions and companies are forming collaboration and partnership agreements to innovate new medical devices and systems to control the progression of virus. For example, in March 2020, Independence LED Lighting announced its collaboration with QuietMIND Foundation, which is a nonprofit research foundation to increase the development of infrared (IR) phototherapy devices, aids to enhance the immune system and fight against corona virus.
 

Booming consumer electronics sector in APAC will accelerate the market revenue

Asia Pacific IR LED Market By Region

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The Asia Pacific IR LED market size is predicted to expand at over 13% CAGR during the forecast timeline. The market growth can be majorly credited to rising consumer electronics sector in countries such as China, India, South Korea, and Taiwan. The changing lifestyles of consumers and rising demand for more advanced electronics are some of the factors propelling the consumer electronics sector.
 

Focus on new product development to stay competitive in the market

The prominent players in the IR LED market include Epistar, EVERLIGHT, Vishay Intertechnology, Inc., Raytek Corporation, Lite-On Technology, and Osram. The industry leaders are focusing on the development of application-specific infrared products, such as automotive, biometric applications, and surveillance cameras, to gain competitive edge in the market. For example, in October 2019, Everlight Electronics announced the launch of three new IR LED products for driver face recognition and smart automation feature in vehicles.
 

The IR LED market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in Million Units from 2016 to 2026 for the following segments:
 

Market by Spectral Range

  • 700nm-850nm
  • 850nm-950nm
  • 950nm-1020nm
  • 1020nm-1720nm

Market by Application

  • Biometrics
  • Imaging
  • Lighting
  • Remote sensing
  • Surveillance

Market by End-Use

  • Aerospace & defense
  • Automotive
  • BFSI
  • Consumer electronics
  • Education
  • Healthcare
  • Industrial
  • Retail

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
       

Frequently Asked Questions (FAQ) :

The market size of infrared LED surpassed USD 500 million in 2019.
The industry share of infrared LED is estimated to grow at over 10% CAGR between 2020 and 2026.
According to the analysts at GMI, the global industry shipments are projected to reach 8 billion units by 2026.
The Asia Pacific market is predicted to expand at over 13% CAGR during the forecast timeline led by rising consumer electronics sector in countries such as China, India, South Korea, and Taiwan.
The prominent market players include Epistar, EVERLIGHT, Vishay Intertechnology, Inc., Raytek Corporation, Lite-On Technology, and Osram.
The 850nm-950nm spectral range segment growth is majorly attributed to its rising adoption in the automotive industry for night vision, gesture recognition, among others.
In the healthcare sector, the IR LEDs assist in medical therapies including skin treatment and wound treatment.

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Premium Report Details

  • Published Date: May 2020
  • Pages: 250
  • Tables: 356
  • Charts / Figures: 30
  • Companies covered: 19
  • Countries covered: 17

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