|
Forecast Period
|
2024-2028
|
|
Market Size (2022)
|
USD681.12 Million
|
|
CAGR (2023-2028)
|
9.8%
|
|
Fastest Growing Segment
|
Medium-wave Infrared LED
|
|
Largest Market
|
Asia Pacific
|
Market Overview
Global Infrared LED Market has valued at
USD681.12 million in 2022 and is
anticipated to project robust growth in the forecast period with a CAGR of 9.8%
through 2028. The global infrared LED (Light Emitting Diode) market is a
dynamic and rapidly evolving sector of the electronics industry, driven by a
wide range of applications spanning from night vision devices to communication
systems and industrial automation. Infrared LEDs emit infrared light in the
non-visible spectrum, making them invaluable for applications where traditional
visible light sources are not suitable. This overview provides insight into the
current landscape of the global infrared LED market.
Infrared LEDs are essential components
in surveillance and security systems, enabling night vision cameras and
sensors. The growing demand for enhanced security and surveillance solutions,
both in commercial and residential settings, is a significant driver of the
market.
Infrared LEDs are widely used in
consumer electronics, including remote controls, smartphones, and gaming
devices. The proliferation of smart home technology and the Internet of Things
(IoT) has contributed to increased demand for these components.
In the automotive industry, infrared
LEDs play a crucial role in applications such as advanced driver-assistance
systems (ADAS) and vehicle interior lighting. The rising integration of
infrared technology for safety and comfort features in automobiles is driving
market growth. Infrared LEDs find extensive use in industrial automation and
manufacturing processes, including object detection, machine vision, and
quality control. The pursuit of efficiency and precision in industrial
operations has led to higher adoption rates.
Infrared LEDs are integral to various
medical devices, such as pulse oximeters and blood glucose monitors. With an
aging population and increasing healthcare expenditures, the demand for medical
devices incorporating infrared technology is on the rise. Infrared
communication technology, often seen in remote control devices, is evolving
with the advent of Li-Fi (Light Fidelity) technology. Li-Fi utilizes infrared
LEDs to transmit data wirelessly through light, offering high-speed, secure
communication solutions.
The infrared LED market is highly
competitive, with numerous manufacturers and suppliers globally. This
competition can lead to price pressures and the need for continuous innovation
to stay competitive. As technology evolves, there is a constant demand for
improved performance, higher power efficiency, and miniaturization of infrared
LED components. Companies must invest in research and development to meet these
evolving demands.
Adherence to regulatory standards and
certifications, especially in sectors like healthcare and automotive, is
crucial. Ensuring that products meet stringent requirements can be challenging
and time-consuming. Global supply chain disruptions, as witnessed during the
COVID-19 pandemic, can impact the availability of key components, affecting
manufacturing and delivery schedules.
Key Market Drivers
Expanding Applications in Consumer Electronics
One of the primary drivers of the global
infrared LED market is the expanding range of applications within the consumer
electronics sector. IR LEDs are widely used in smartphones, tablets, laptops,
and other electronic devices.
Infrared LEDs are integral components in
facial recognition systems, enhancing device security and user convenience.
They enable devices to accurately identify and authenticate users based on
facial features, even in low-light conditions. The growing adoption of facial recognition
technology in smartphones and tablets is fueling the demand for IR LEDs.
Infrared LEDs are employed in gesture
control systems, allowing users to interact with devices through hand gestures.
This technology is used in gaming consoles, smart TVs, and other consumer
electronics, providing a more intuitive and immersive user experience.
IR LEDs are used in proximity sensors to
detect the presence of nearby objects or users. These sensors enable features
like automatic screen dimming during phone calls and touchless gesture-based
control, contributing to improved device functionality.
Infrared LEDs are crucial components in
ambient light sensors. These sensors adjust screen brightness based on ambient
lighting conditions, optimizing power consumption and user comfort. The
proliferation of such sensors in smartphones and tablets drives demand for IR
LEDs.
As consumer electronics continue to
evolve and integrate more advanced features, the demand for IR LEDs is expected
to grow. Manufacturers are developing high-performance, compact, and
energy-efficient IR LEDs to meet the requirements of these applications,
further fueling market expansion.
Surging Demand in Automotive
Applications
The automotive industry represents
another significant driver of the global infrared LED market. Infrared LEDs
find diverse applications in vehicles, particularly in advanced
driver-assistance systems (ADAS) and interior automotive technologies.
Infrared LEDs are a critical component
of automotive night vision systems, enhancing driver visibility during
nighttime driving and in adverse weather conditions. These systems detect
infrared radiation emitted by objects, pedestrians, or animals on the road,
providing warnings to the driver and improving overall safety.
Light Detection and Ranging (LiDAR)
technology relies on IR LEDs to measure distances and create high-resolution 3D
maps of the vehicle's surroundings. LiDAR is crucial for autonomous vehicles,
as it enables them to navigate and avoid obstacles with precision.
Infrared LEDs are used in interior
monitoring systems to track driver and passenger activities. These systems can
detect driver drowsiness or distraction and trigger alerts or interventions to
prevent accidents.
IR LEDs are also employed in
infotainment systems, enabling touchless gesture control of in-car multimedia
and navigation systems. This hands-free interaction enhances driver convenience
and safety.
The increasing emphasis on vehicle
safety, comfort, and automation has driven the integration of IR LEDs into
automobiles. As automakers continue to adopt ADAS and autonomous driving
technologies, the demand for IR LEDs is expected to rise steadily, contributing
to market growth.
Healthcare and Biometrics Applications
The healthcare and biometrics sectors
are witnessing a surge in demand for IR LEDs, driven by their critical role in
various applications. Infrared LEDs are used in medical devices for
non-invasive monitoring and diagnostic purposes. They are integrated into pulse
oximeters, glucose monitors, and thermometers, enabling accurate measurements
and improving patient care.
IR LEDs play a pivotal role in security
and surveillance systems. They provide infrared illumination for night vision
cameras, enabling clear monitoring in low-light or complete darkness. This is
crucial for applications in residential security, commercial surveillance, and
industrial facilities.
IR LEDs are essential components in
biometric authentication systems, such as iris recognition and vein pattern
scanning. These systems are increasingly adopted for access control, identity
verification, and security applications.
The growth of wearable health devices,
including fitness trackers and smartwatches, has led to increased demand for IR
LEDs. These devices use IR LEDs for heart rate monitoring, blood oxygen
measurement, and other health-related functions.
As advancements in healthcare technology
and biometrics continue to drive innovation, the demand for IR LEDs in these
sectors is expected to grow substantially. Manufacturers are focused on
developing energy-efficient and high-performance IR LEDs to meet the stringent
requirements of healthcare and biometric applications.
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Key Market Challenges
Technological Advancements and
Competition
One of the primary challenges in the
global infrared LED market is the constant need for technological advancements
to stay competitive. Infrared LED technology evolves rapidly, with ongoing
efforts to improve performance, efficiency, and functionality. This presents a
dual challenge for manufacturers.
Firstly, staying at the forefront of
technological innovation requires substantial investments in research and
development (R&D). Companies must allocate resources to research new
materials, manufacturing techniques, and design improvements to create infrared
LEDs that are smaller, more energy-efficient, and emit at specific wavelengths
for diverse applications.
Secondly, the market is highly
competitive, with numerous players vying for market share. As a result, manufacturers
face pricing pressures and must continually optimize production processes to
reduce costs. The presence of low-cost competitors, particularly in regions
with low labor costs, further intensifies competition.
To address these challenges, companies
in the infrared LED market must strike a balance between innovation and
cost-efficiency. They need to invest strategically in R&D to develop
cutting-edge products while optimizing production processes to maintain
competitiveness.
Regulatory and Compliance Challenges
Infrared LED products are subject to
various international regulations, standards, and compliance requirements.
Meeting these regulations is crucial for market access, but it can be a complex
and costly process.
For instance, safety regulations, such
as those related to electromagnetic radiation and product safety, must be
adhered to. Different regions have their own sets of standards, and
manufacturers must navigate this regulatory landscape effectively to ensure
that their products meet all necessary requirements.
Furthermore, trade regulations and
export controls can impact the global supply chain for infrared LEDs. Export
restrictions on specific technologies or products may limit market access,
particularly for products with dual-use potential in military and civilian
applications.
Companies operating in the infrared LED
market must invest in compliance measures, including product testing and
certification. This adds to the cost of product development and may result in
delays in bringing new products to market.
Market Diversification and
Application-specific Challenges
The infrared LED market serves a wide
range of applications, from consumer electronics to industrial equipment and
defense systems. While this diversity presents opportunities, it also poses
challenges related to customization and market diversification.
Each application has unique
requirements, including wavelength, power, and packaging. For instance, medical
devices may require specific infrared wavelengths for diagnostics and treatment,
while automotive applications may demand high-power, robust LEDs for night
vision systems. Meeting these diverse needs can be challenging for
manufacturers.
Additionally, market diversification
means that companies must allocate resources effectively to serve various
industry sectors. This requires a deep understanding of each sector's specific
requirements and competition dynamics.
Moreover, emerging technologies and
trends, such as LiDAR (Light Detection and Ranging) for autonomous vehicles and
3D sensing for smartphones, introduce new challenges. Manufacturers must adapt
to these trends quickly and develop specialized products to remain competitive
in these emerging markets.
To address these challenges, companies
in the infrared LED market need a strategic approach. They must invest in
R&D to develop application-specific solutions, collaborate with partners
and customers to understand evolving needs, and continuously monitor industry
trends to adapt and innovate accordingly.
Key Market Trends
Growing Demand for Infrared LEDs in
Consumer Electronics
One of the prominent trends in the
global infrared LED market is the rising demand for these components in
consumer electronics. Infrared LEDs are utilized in various consumer devices
for applications such as facial recognition, gesture recognition, augmented
reality (AR), and virtual reality (VR). These technologies rely on IR
illumination and sensors to detect and track movements, enhancing user
experiences and device functionalities.
Infrared LEDs play a crucial role in
facial recognition systems used in smartphones and other consumer gadgets. By
emitting infrared light, these LEDs enable accurate facial recognition even in
low-light conditions. With the increasing emphasis on device security and user convenience,
facial recognition is becoming a standard feature in many smartphones.
Infrared LEDs are integral components in
gesture recognition systems found in gaming consoles, smart TVs, and other
devices. They enable users to interact with devices through hand movements,
making user interfaces more intuitive and engaging. This trend is driving the
adoption of IR LEDs in the gaming and entertainment sectors.
The growing popularity of augmented
reality (AR) and virtual reality (VR) applications relies on the tracking of
hand movements and head positioning. Infrared LEDs, in combination with IR
sensors, enable precise tracking and mapping of real-world movements into the
digital realm. As AR and VR applications continue to expand across gaming,
education, and training sectors, the demand for IR LEDs is expected to soar.
Automotive Industry Driving Infrared LED
Innovation
The automotive industry is a significant
driver of innovation in the infrared LED market. Infrared LEDs are used in
advanced driver assistance systems (ADAS), night vision systems, and interior
monitoring solutions, contributing to enhanced safety, comfort, and automation
in vehicles.
Infrared LEDs are essential components
in ADAS, enabling features like adaptive cruise control, lane departure
warning, and collision avoidance. The increasing focus on vehicle safety and
the development of autonomous vehicles are propelling the demand for IR LEDs in
this sector.
Infrared LEDs are at the core of
automotive night vision systems. These systems help drivers identify
pedestrians, animals, and obstacles in low-visibility conditions. As safety
concerns and regulatory requirements intensify, the integration of night vision
systems in vehicles is expected to rise, driving the demand for IR LEDs.
Interior monitoring systems in vehicles
use infrared LEDs to track driver attention, drowsiness, and occupancy
detection. These systems are not only crucial for safety but also for
personalizing in-car experiences. As the concept of connected and autonomous
vehicles evolves, cabin monitoring solutions will become increasingly common.
Infrared LEDs for Healthcare and
Wellness Applications
Infrared LEDs are finding growing
applications in healthcare and wellness sectors, driven by the need for
non-invasive, remote monitoring and diagnostic solutions. The COVID-19 pandemic
has also accelerated the adoption of IR-based technologies for temperature
screening and infection control.
Temperature Screening: Infrared
thermometers and thermal imaging cameras, equipped with IR LEDs, have become
essential tools for fever detection and infection control during the pandemic.
Even as the pandemic subsides, these technologies are likely to remain vital
for public health screening.
Wearable health devices, such as fitness
trackers and smartwatches, often incorporate IR LEDs for monitoring heart rate,
blood oxygen levels, and sleep patterns. These devices enable users to track
their health in real-time and are becoming more sophisticated in their
capabilities.
Infrared LEDs are used in medical
devices for remote patient monitoring, enabling healthcare providers to collect
data on vital signs and other health parameters from a distance. This trend
aligns with the broader shift toward telemedicine and home healthcare.
Segmental Insights
Spectral
Range Insights
Medium-wave Infrared LED (MWIR LED)
technology has secured a significant share in the global Infrared LED market,
and its presence continues to grow due to its diverse range of applications and
unique capabilities. MWIR LEDs, which emit light in the medium infrared
spectrum, typically between 3 to 5 micrometers (μm), offer several advantages
that make them highly sought-after components in various industries.
One of the key factors contributing to
the substantial market share of MWIR LEDs is their versatility in a wide range
of applications. MWIR LEDs are known for their ability to detect and emit thermal
radiation, making them indispensable in applications related to thermal
imaging, night vision, and security systems. Their capacity to sense heat
signatures enables their use in identifying objects, humans, and animals in
low-light or adverse environmental conditions, making them crucial in military
and defense applications.
In the defense sector, MWIR LEDs are
extensively employed in the development of night vision equipment, surveillance
systems, and thermal imaging cameras. Their ability to detect temperature
variations and thermal contrasts makes them valuable for identifying potential
threats and monitoring large areas efficiently. Furthermore, MWIR LEDs can
penetrate certain atmospheric conditions, such as haze and fog, providing
enhanced visibility in challenging environments.
Moreover, MWIR LEDs find applications in
industrial processes, including temperature monitoring, quality control, and
equipment diagnostics. These LEDs play a pivotal role in non-contact
temperature measurement, allowing for precise monitoring of machinery and
processes. In manufacturing and research sectors, MWIR LEDs are indispensable
for applications such as material testing and scientific research, where
accurate temperature readings are crucial.
In the context of healthcare, MWIR LEDs
are used in medical imaging and diagnostic equipment. They aid in the detection
of temperature anomalies, enabling early diagnosis and treatment of various
medical conditions. Additionally, MWIR LEDs are employed in thermal therapy and
medical instrumentation, further expanding their presence in the healthcare
sector.
MWIR LEDs also contribute significantly
to environmental and infrastructure monitoring. They are utilized in
meteorological instruments for weather forecasting and environmental
monitoring. Furthermore, MWIR LEDs are used in building energy management
systems to assess heat loss and insulation efficiency, contributing to energy
conservation efforts.
Application
Insights
Lighting applications play a significant
role in the global infrared LED market, representing a substantial share due to
the versatile uses and increasing adoption of infrared LED technology. Infrared
LEDs, also known as IR LEDs, are employed in various lighting applications
across multiple industries, contributing to their prominence in the market.
Infrared LEDs are extensively utilized
in surveillance and security systems. They provide covert and efficient
illumination for CCTV cameras, enabling round-the-clock monitoring in both
indoor and outdoor environments. Infrared lighting enhances the visibility of
surveillance footage during nighttime or low-light conditions. This is crucial
for the prevention of theft, vandalism, and unauthorized access, making IR LEDs
an integral component of modern security solutions.
Another key application of infrared LEDs
is in automotive night vision systems. These systems use IR LEDs to emit
invisible infrared light that reflects off objects and is captured by a camera
sensor. The sensor then processes this information to create a thermal image,
allowing drivers to detect pedestrians, animals, and obstacles on the road even
in complete darkness or adverse weather conditions. As vehicle safety standards
continue to advance, the integration of infrared LEDs in night vision systems is
growing, driving their demand in the automotive sector.
In industrial settings, infrared LEDs
find widespread use in machine vision and automation applications. They are
employed in cameras and sensors to capture high-contrast images of products and
materials for quality control, defect detection, and alignment purposes. The
ability of IR LEDs to provide consistent and uniform illumination makes them
indispensable for enhancing the precision and accuracy of manufacturing
processes. As industries increasingly adopt automation and robotics, the demand
for IR LEDs in this sector is on the rise.
Infrared LEDs are integral to gesture
recognition technology used in consumer electronics and human-machine interface
(HMI) systems. By emitting infrared light and detecting its reflection off a
user's hand or gestures, IR LEDs enable touchless control of devices like
smartphones, tablets, gaming consoles, and smart TVs. The COVID-19 pandemic
further accelerated the adoption of touchless interfaces, spurring the use of IR
LEDs in various consumer electronics.
Infrared LEDs have found applications in
healthcare for pulse oximetry, a non-invasive method of monitoring oxygen
saturation levels in the blood. These LEDs are also used in fingerprint
recognition systems, where they illuminate the fingerprint and allow the sensor
to capture its unique pattern. The healthcare and biometrics sectors rely on
the accuracy and reliability of IR LEDs to provide critical data and enhance
security measures.
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Regional Insights
The Asia Pacific region has established
itself as a dominant player in the global infrared LED (Infrared Light Emitting
Diode) market, consistently holding a significant share in this dynamic and
rapidly evolving industry. This prominence can be attributed to a combination
of factors that reflect the region's robust manufacturing capabilities,
expanding technology sector, and growing demand for IR-based applications
across various industries.
The Asia Pacific region has emerged as a
manufacturing hub for a wide range of electronic components, including infrared
LEDs. Countries such as China, Taiwan, South Korea, and Japan are known for
their advanced semiconductor and optoelectronics industries. These countries
have invested heavily in research and development, production infrastructure,
and skilled labor, making them formidable players in the global IR LED market.
This manufacturing prowess allows the region to meet the demand for IR LEDs not
only domestically but also for international markets.
The Asia Pacific region boasts a
thriving technology sector that continually drives innovation in IR LED
applications. This includes the development of cutting-edge consumer
electronics, automotive technologies, and healthcare solutions. As the region's
technology companies integrate IR LEDs into their products, the demand for
these components surges. For instance, leading smartphone manufacturers in the
region incorporate IR LEDs for facial recognition and gesture-based controls,
further fueling the market's growth.
Infrared LEDs find extensive use in
various industries, and the Asia Pacific region is at the forefront of adopting
and expanding these applications. The automotive sector in countries like Japan
and South Korea utilizes IR LEDs for advanced driver assistance systems (ADAS)
and night vision applications. The healthcare industry, driven by the aging
population in countries such as Japan, China, and South Korea, leverages IR
LEDs for remote patient monitoring and medical devices. Moreover, Asia Pacific
countries are increasingly deploying IR-based solutions in security and
surveillance systems, as well as in industrial automation and robotics.
The Asia Pacific region is home to some
of the world's largest consumer electronics markets. With a burgeoning middle
class and rising disposable incomes, consumers in countries like China and
India are increasingly adopting smartphones, smartwatches, and other smart
devices that incorporate IR LEDs for features like facial recognition and heart
rate monitoring. This surge in consumer electronics adoption directly
contributes to the region's substantial share in the global IR LED market.
Asian IR LED manufacturers have forged
strategic alliances and partnerships with global technology giants, further
strengthening their position in the market. Collaborations between Asian
semiconductor companies and major consumer electronics brands ensure a
consistent supply of high-quality IR LEDs for cutting-edge devices.
Recent Developments
- In February 2021, Showa Denko K.K.
(TOKYO: 4004) acquired a 50% stake in AMI Automation, a significant move to
expand its presence in the industry.
- In October 2020, DOWA has played a
pivotal role in Japan's economic growth by modernizing the nonferrous metals
sector. Through diversification into new sectors, it has effectively leveraged
its technologies and experiences to drive continuous growth.
- In July 2020, KIOXIA Holdings
Corporation, the global leader in memory solutions, announced its forthcoming
completion of the acquisition of LITE-ON Technology Corporation's Solid State
Drive (SSD) business.
Key Market Players
- ON
Semiconductors
- EPILEDS
Co. Ltd
- Koninklijke
Philips N.V
- OSRAM
Opto Semiconductors GmbH
- Epistar
Corporation
- NICHIA
CORPORATION
- Kingbright
Electronic Co., Ltd
- Everlight
Electronics Co. Ltd
- Lextar
Electronics Corporation
- High
Power Lighting Corporation
|
By Spectral Range
|
By Application
|
By Region
|
- Short-wave Infrared LED
- Medium-wave Infrared LED
- Long-wave Infrared LED
|
- Biometrics
- Imaging
- Lighting
- Remote Sensing
- Surveillance
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:
In this report, the global infrared LED market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Infrared LED Market, By
Spectral Range:
o Short-wave Infrared LED
o Medium-wave Infrared LED
o Long-wave Infrared LED
- Infrared LED Market, By Application:
o Biometrics
o Imaging
o Lighting
o Remote Sensing
o Surveillance
- Global Infrared LED Market,
By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the global infrared LED market.
Available Customizations:
Global infrared LED market report with the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
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