Infrared (IR) LED Market - By Spectral Range (Short-wave Infrared LED, Medium-wave Infrared LED, Long-wave Infrared LED), By Application (Biometrics, Imaging, Lighting, Remote Sensing, Surveillance), By End-use & Global Forecast, 2023-2032

Industry Statistics

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.
 

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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.
 

Limited awareness of IR LED applications to impede IR LED market share

The dearth of awareness pertaining to IR LEDs and their benefits amongst the majority of the worldwide population may act as a significant challenge for the industry development. IR LEDs record fewer applications when compared to other LEDs available in the market as they boast of longer wavelength and lower frequency than visible light. Moreover, the relatively lower popularity of IR LEDs is also likely to hamper their penetration across multiple applications.
 

Rising adoption of MWIR LEDs for defense purposes to foster market development

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Based on spectral range, the infrared LED market size from the medium-wave infrared (MWIR) LED segment will surpass USD 1.2 billion by 2032. The dire need for improved precision targeting and situational awareness along with effective countermeasures have scaled the deployment of MWIR technology across the defense sector. The rise in technological advancements for making these LED systems more efficient, reliable, and cost-effective are also adding to their application scope. Hence, the increasing deployment of AI solutions for defense purposes will add to the business growth.
 

Surging requirement for safety in surveillance applications to drive IR LED demand

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In terms of revenue, the infrared LED market valuation from surveillance applications exceeded USD 240 million in 2022. In recent years, surveillance cameras integrated with IR LED lighting are increasingly used for providing clear images in complete darkness. The consistent need for surveillance in various industries, such as transportation, public safety, and commercial security has also complimented the deployment of IR LEDs. The rapid technological procceeds for increasing security across various industries will also favor the industry development.
 

Scaling smart city penetration to influence IR LED industry trends in North Americ

North America infrared LED market size is projected to record more than 14% CAGR from 2023-2032. The growth can be attributed to the increasing number of initiatives for boosting smart city operations in the region. On account of the thriving need for identifying the presence of cars & pedestrians and the growing adoption of smart building systems, IR LED sensors are registering higher application in traffic management systems. The constant obligation to enhance energy utilization and oversee the occupancy status will also play a key role in the regional industry proliferation.
 

Innovative and collaborative metrics to influence infrared LED industry expansion

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, and 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.
 

The Infrared (IR) LED Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Spectral range:

• Short-wave Infrared (SWIR) LED
• Medium-wave Infrared (MWIR) LED
• Long-wave Infrared (LWIR) LED

By Application:

• Biometrics
• Imaging
• Lighting
• Remote Sensing
• Surveillance

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
• MEA
  • Saudi Arabia
  • UAE