Market Overview:
The global IR LED market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for IR LEDs in optical sensing, automated drive systems, security & surveillance, and other applications. Additionally, the growing demand for energy-efficient lighting solutions is also contributing to the growth of this market.
Product Definition:
An IR LED is a type of light emitting diode that emits infrared radiation. This radiation is invisible to the human eye, but can be detected by certain devices, such as digital cameras and night vision goggles. IR LEDs are often used in remote controls, as they can emit infrared signals that can be received by other devices.
IR LED Chip:
Infrared LED Chip is a new type of lighting element that emits infrared light. It has several advantages over conventional elements such as low power consumption, longer life span, and high efficiency in terms of area coverage. These chips are used for various applications such as remote control devices, hand-held devices or other consumer electronics which require an optical detector to detect the presence or absence of objects.
IR LED Package:
IR LED package is a type of light-emitting diode (LED) that emits infrared radiation. The term “package” in this context refers to the physical structure that holds the IR LEDs and protects them from external influences. It can be used for general lighting as well as for specific applications, such as remote control or communication with an infant.
The market size was valued at USD 943 million in 2015.
Application Insights:
The optical sensing application segment dominated the global market in 2017. Optical sensing involves the use of IR LEDs for non-active illumination and detection of remote objects. The growing adoption of infotainment systems, home security systems, and portable electronics are some factors driving the demand for IR LED chips in this application segment.
Automated drive systems accounted for a significant share in 2017 owing to increasing government regulations on road safety and traffic management. Increasing number of road accidents has led to an increased focus on driver safety by various governments across the world. This is expected to drive product demand over the forecast period as most modern vehicles feature advanced automated driving features such as adaptive cruise control, lane departure warning system, etc., which require an array of infrared LEDs mounted along with cameras and other sensors at both ends of a vehicle¢â‚¬â„¢s length (i.e., near mirrors).
Regional Analysis:
The market in the Asia Pacific region is expected to grow at a significant rate over the forecast period owing to increasing demand from end-use industries such as automotive, industrial, and others. The growing adoption of automated drive systems in countries such as China and India is also anticipated to fuel regional growth. Furthermore, rising government initiatives for using LEDs for energy efficient lighting are expected to further propel market growth over the coming years.
The North America region accounted for more than 25% of global revenue share in 2017 on account of high product penetration along with early adoption by major industry players across this region. The U.S., being one of the most developed economies has been witnessing an increase in investments towards developing smart cities initiative which includes various intelligent building projects that require advanced light sensing solutions based on LED technology – all these factors are likely to boost regional growth over next eight years till 2030 timeframe).
Growth Factors:
- Increasing demand for IR LED in consumer electronics
- Rising demand from automotive sector
- Growing adoption of IR LED in medical and healthcare applications
- Proliferation of IR LED-based lighting solutions
- Rising popularity of infrared imaging
Scope Of The Report
Report Attributes
Report Details
Report Title
IR LED Market Research Report
By Type
IR LED Chip, IR LED Package
By Application
Optical Sensing, Automated Drive Systems, Security & Surveillance, Others
By Companies
NICHIA CORPORATION, Kingbright Electronic Co., Ltd, OSRAM Opto Semiconductors GmbH, Epistar Corporation, Everlight Electronics Co. Ltd., High Power Lighting Corporation, EPILEDS Co. Ltd., ON Semiconducts, Koninklijke Philips N.V., Lextar Electronics Corporation, NICHIA CORPORATION
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global IR LED Market Report Segments:
The global IR LED market is segmented on the basis of:
Types
IR LED Chip, IR LED Package
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Optical Sensing, Automated Drive Systems, Security & Surveillance, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NICHIA CORPORATION
- Kingbright Electronic Co., Ltd
- OSRAM Opto Semiconductors GmbH
- Epistar Corporation
- Everlight Electronics Co. Ltd.
- High Power Lighting Corporation
- EPILEDS Co. Ltd.
- ON Semiconducts
- Koninklijke Philips N.V.
- Lextar Electronics Corporation
- NICHIA CORPORATION
Highlights of The IR LED Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- IR LED Chip
- IR LED Package
- By Application:
- Optical Sensing
- Automated Drive Systems
- Security & Surveillance
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IR LED Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An IR LED is an LED that emits infrared light. This type of LED is used in remote controls, TVs, and other electronics that need to be seen in the dark.
Some of the major players in the ir led market are NICHIA CORPORATION, Kingbright Electronic Co., Ltd, OSRAM Opto Semiconductors GmbH, Epistar Corporation, Everlight Electronics Co. Ltd., High Power Lighting Corporation, EPILEDS Co. Ltd., ON Semiconducts, Koninklijke Philips N.V., Lextar Electronics Corporation, NICHIA CORPORATION.
The ir led market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IR LED Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IR LED Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IR LED Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IR LED Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IR LED Market Size & Forecast, 2020-2028
4.5.1 IR LED Market Size and Y-o-Y Growth
4.5.2 IR LED Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 IR LED Chip
5.2.2 IR LED Package
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Optical Sensing
6.2.2 Automated Drive Systems
6.2.3 Security & Surveillance
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IR LED Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IR LED Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 IR LED Chip
9.6.2 IR LED Package
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Optical Sensing
9.10.2 Automated Drive Systems
9.10.3 Security & Surveillance
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 IR LED Chip
10.6.2 IR LED Package
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Optical Sensing
10.10.2 Automated Drive Systems
10.10.3 Security & Surveillance
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 IR LED Chip
11.6.2 IR LED Package
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Optical Sensing
11.10.2 Automated Drive Systems
11.10.3 Security & Surveillance
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 IR LED Chip
12.6.2 IR LED Package
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Optical Sensing
12.10.2 Automated Drive Systems
12.10.3 Security & Surveillance
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 IR LED Chip
13.6.2 IR LED Package
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Optical Sensing
13.10.2 Automated Drive Systems
13.10.3 Security & Surveillance
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IR LED Market: Competitive Dashboard
14.2 Global IR LED Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NICHIA CORPORATION
14.3.2 Kingbright Electronic Co., Ltd
14.3.3 OSRAM Opto Semiconductors GmbH
14.3.4 Epistar Corporation
14.3.5 Everlight Electronics Co. Ltd.
14.3.6 High Power Lighting Corporation
14.3.7 EPILEDS Co. Ltd.
14.3.8 ON Semiconducts
14.3.9 Koninklijke Philips N.V.
14.3.10 Lextar Electronics Corporation
14.3.11 NICHIA CORPORATION
