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Infrared (IR) LED Market Share
- Report ID: GMI437
- Published Date: Apr 2023
- Report Format: PDF
Infrared LED Market Share
Some of the leading players in the infrared (IR) LED include:
- Ushio OPTO Semiconductors In
- Everlight Electronics Co Ltd
- DOWA Electronics Materials Co Ltd
- Resonac Holdings Corporation
- ON Semiconductor.
Besides partnership strategies, such as acquisitions and mergers, these companies are working on developing advanced IR LED solutions to widen their global presence.
Frequently Asked Questions (FAQ) :
Infrared (IR) LED market size crossed USD 680 million in 2022 and is projected to showcase over 14% CAGR from 2023-2032 owing to the increasing deployment of automotive electronics.
Infrared LED market size from the medium-wave infrared (MWIR) LED segment will surpass USD 1.2 billion by 2032 due to the thriving need for improved precision targeting and situational awareness.
The Infrared (IR) LED market valuation from surveillance applications exceeded USD 240 million in 2022 on account of the growing requirements for providing clear images in complete darkness.
The infrared LED industry size in North America will observe more than 14% CAGR from 2023-2032 due to the increasing number of initiatives for boosting smart city operations in the region.
Infrared (IR) LED Market Scope
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