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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Market Share by Region
North America, particularly the United States, is one of the key markets for IR LEDs, driven by robust technological infrastructure and high demand across various sectors. The market in this region is characterised by high growth potential, particularly in areas like automotive, consumer electronics, healthcare, and industrial applications.
North America has a large market for consumer electronics, where IR LEDs are widely used in remote controls, smart devices, and gaming systems. The automotive industry in this region, especially in the U.S., is rapidly adopting IR LED technology for advanced driver-assistance systems (ADAS), including night vision and pedestrian detection systems. The region is also home to several leading technology companies and research institutions that are at the forefront of developing advanced IR LED technologies.
IR LED Market Report Snapshots
IR LED Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.50% between 2024 and 2032.
The major drivers of the market are growing use of IR LED in the automotive sector and the rising application of the product in smart homes and smart offices.
The key trends guiding the market growth include the cost-effectiveness and high efficiency of infrared LED and its increasing use in the healthcare sector in therapies and medical devices.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
IR LED chip and IR LED package are the major technologies considered in the market report.
The different spectral ranges of IR LED are 700 nm – 850 nm, 850 nm – 950 nm, 950 nm – 1020 nm, and 1020 nm – 1720 nm, among others.
The various applications of IR LED include biometrics, imaging, lighting, remote sensing, and surveillance, among others.
The significant end uses of IR LED are aerospace and defence, automotive, consumer electronics, commercial, industrial, healthcare and hospitality, and retail, among others.
The key players in the IR LED market are OSRAM Opto Semiconductors GmbH, EPILEDS Technologies, Inc., Epistar Corporation, Nichia Corporation, Kingbright Company, LLC, Everlight Electronics Co., Ltd, and ROHM Co., Ltd., among others.
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