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Infrared (IR) LED Market Size
- Report ID: GMI437
- Published Date: Apr 2023
- Report Format: PDF
Infrared LED Market Size
Infrared LED Market size recorded more than USD 680 million in 2022 and is projected to showcase over 14% CAGR from 2023-2032. The increasing deployment of automotive electronics will positively influence the industry expansion.
-led-market-2023-2032.jpg "Infrared LED Market Research Report")
Infrared light-emitting diodes (IR LED) are widely used in cameras, security installations, and remote-control devices as they render affordable and efficient production of infrared light. The deployment of IR lights in vehicles offers efficient day & night operations as well as invisibility to the human eyes. Furthermore, the rising automobile sales worldwide have proved favorable for the higher integration of advanced vehicle systems, such as ADAS, driver monitoring systems, and front collision warning systems, subsequently driving the IR LED penetration in vehicles.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Infrared (IR) LED Market Size in 2022: | USD 680 million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 14% |
| 2032 Value Projection: | USD 2.5 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 451 |
| Segments covered: | Spectral range, Application, End-use |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Infrared (IR) LED Market Scope
