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Short Wave IR LED Market Size
- Report ID: GMI5553
- Published Date: Apr 2023
- Report Format: PDF
Short Wave IR LED Market Size
Short Wave IR LED Market size was valued at over USD 250 million in 2022. Driven by rising innovations in surveillance & security systems globally, the industry is expected to grow at over 5% CAGR from 2023 to 2032.
Short wave IR LED (SWIR LED) technology is capable of detecting light in low-quality lighting environments, which makes them ideal for security and surveillance purposes, especially in night-time settings. The technology’s superior image acquisition capabilities in dark conditions makes them ideal for security applications such as license plate recognition, object detection, facial recognition, and others. As the demand for high-quality imaging systems for night-time and dim light settings grows, the adoption graph for SWIR LED is expected to outline exponential growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Short Wave IR LED Market Size in 2022: | USD 250 million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 550 million |
| Historical Data for: | 2022 |
| No. of Pages: | 240 |
| Tables, Charts & Figures: | 481 |
| Segments covered: | Spectral Range, Application, End-Use |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Short Wave IR LED Market Scope
