Infrared LED Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (LED Emitters, Photodiodes, Optoelectronics, Integrated Assemblies), By Material (Gallium Arsenide (GaAs) LEDs, Aluminium Gallium Arsenide (AlGaAs) LEDs, Indium Gallium Arsenide (InGaAs) LEDs, Others), By End User (Electronics and IT, Healthcare and Life Sciences, Automotive Industry, Aerospace and Defense, Industrial Manufacturing) By Region, By Competition 2019-2029

  • Industry : ICT
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 712 million

Market Size (2029)

USD 1596.07 million

CAGR (2024-2029)

14.23%

Fastest Growing Segment

Healthcare and Life Sciences

Largest Market

Asia Pacific


Market Overview

Global Infrared LED market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2029. The market was valued at USD 712 million in 2023 and is projected to register a compound annual growth rate of 14.23% during the forecast period.

Over the past decade, the global market for Infrared Light Emitting Diodes (IR LEDs) has witnessed remarkable growth, propelled by widespread adoption across a multitude of industrial sectors. Industries spanning manufacturing, healthcare, transportation, and logistics have increasingly recognized the intrinsic value offered by IR LED solutions. This recognition has spurred significant investments in advanced technologies aimed at meeting analytical requirements and enhancing operational efficiency, particularly in challenging underwater conditions.

Prominent players in the IR LED market have introduced innovative solutions integrating features such as wireless connectivity, real-time data visualization, and scalable data infrastructure. These advancements have facilitated automation and the generation of strategic insights for effective performance monitoring. The deployment of IR LED solutions empowers business leaders to ensure precise data capture even in adverse underwater conditions, enabling them to extract maximum value and optimize operations. Collaborative endeavors with specialists across diverse sectors have led to the development of customized IR LED solutions tailored to unique analytical needs and strategic objectives, especially in demanding underwater environments. The industry's response to the growing emphasis on evidence-based decision-making has spurred demand for displays proficient in capturing high-quality visual data across varied underwater settings.

The integration of transformative technologies such as the Internet of Things (IoT), sensors, and analytics platforms has revolutionized the capabilities of IR LED systems. These systems excel in supporting end-to-end data workflows, including large-scale, high-quality visual data collection in challenging underwater conditions, thereby establishing the IR LED market as a vital component for enduring prospects. With the increasing demand for precise and efficient data capture and analytics across industries operating in demanding underwater environments, the IR LED market is poised to maintain its upward trajectory well into the foreseeable future.

Key Market Driver

Increasing Demand in Surveillance and Security Applications:

In an era marked by heightened concerns over safety and security, the Infrared LED market is experiencing a significant surge in demand, primarily fueled by the expanding applications in surveillance and security systems. The inherent ability of Infrared LEDs to provide superior night vision and enhance the effectiveness of surveillance cameras has made them indispensable in various sectors, including commercial, residential, and governmental. As businesses and individuals alike prioritize safeguarding their assets, the adoption of advanced monitoring solutions has become paramount. Infrared LEDs play a pivotal role in this landscape, driving their rapid integration into security cameras, access control systems, and other surveillance technologies. The ever-growing need for robust security infrastructure is a compelling driver propelling the Infrared LED market forward.

Pervasive Integration in Consumer Electronics:

The Infrared LED market is experiencing robust growth as a result of its pervasive integration into a wide array of consumer electronics. From smartphones to smart TVs, Infrared LEDs have become integral components, contributing to enhanced functionalities and user experiences. The proliferation of remote-controlled devices and the evolution of smart home ecosystems further underscore the significance of Infrared LEDs. These LEDs enable seamless communication between devices, allowing users to control various electronic appliances with precision. The entertainment industry, in particular, has witnessed a surge in demand for Infrared LED technology, enhancing the capabilities of remote controls and enabling interactive features in gaming consoles. As consumer electronics continue to advance, the Infrared LED market is poised to expand further, driven by the insatiable demand for innovative and interconnected devices.

Rising Adoption in Automotive Safety Systems:

One of the key drivers propelling the Infrared LED market is the increasing adoption of these LEDs in automotive safety systems. As the automotive industry undergoes a transformative shift towards autonomous and semi-autonomous vehicles, the need for advanced sensing technologies becomes paramount. Infrared LEDs, particularly in collaboration with LiDAR (Light Detection and Ranging) systems, play a crucial role in enabling enhanced perception capabilities for vehicles. Applications such as night vision assistance, pedestrian detection, and obstacle avoidance leverage the unique properties of Infrared LEDs to operate effectively in low-light or challenging weather conditions. Governments worldwide are emphasizing stringent safety regulations, further accelerating the integration of Infrared LED technology into automotive design. The intersection of technology and automotive safety represents a lucrative growth avenue for the Infrared LED market, as manufacturers strive to enhance the safety and reliability of next-generation vehicles.

These three drivers underscore the diverse and dynamic forces propelling the Infrared LED market forward. From meeting the demands of modern security landscapes to transforming consumer electronics and revolutionizing automotive safety, Infrared LEDs are at the forefront of technological innovation. As these drivers continue to shape industry dynamics, the Infrared LED market is poised for sustained growth and influence across multiple sectors.


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Key Market Challenges

Technological Barriers and R&D Challenges:

The Infrared LED market faces significant challenges, primarily rooted in technological barriers and research and development (R&D) complexities. As demands for enhanced performance, miniaturization, and cost-effectiveness continue to rise, manufacturers encounter obstacles in pushing the technological boundaries of Infrared LED devices. Achieving higher levels of efficiency, expanding the spectral range, and improving the reliability of Infrared LEDs pose substantial challenges for researchers and engineers. The intricacies of developing cutting-edge materials, such as those based on advanced compound semiconductors like Indium Gallium Arsenide (InGaAs) or Gallium Nitride (GaN), demand extensive R&D investments. Additionally, maintaining a balance between performance improvements and cost considerations remains a delicate task, as the market seeks to offer high-quality Infrared LEDs at competitive price points. The competitive landscape further intensifies these challenges, prompting companies to continually invest in R&D to stay ahead of the curve. Overcoming these technological barriers requires sustained innovation and collaboration within the industry, as well as strategic partnerships with research institutions and universities.

Price Fluctuations and Cost Challenges:

Another formidable challenge confronting the Infrared LED market revolves around price fluctuations and cost-related hurdles. The cost of manufacturing Infrared LEDs is influenced by several factors, including raw material prices, production processes, and economies of scale. The complexity of the manufacturing process, which often involves sophisticated semiconductor fabrication techniques, contributes to higher production costs. The pricing dynamics are further impacted by the competitive nature of the market, with numerous players vying for market share. The challenge lies in striking a delicate balance between offering high-quality Infrared LEDs and maintaining competitive pricing structures. As demand for these LEDs increases across diverse applications, manufacturers face the ongoing challenge of optimizing production costs to ensure market viability. Moreover, external factors such as geopolitical events, trade policies, and fluctuations in commodity prices can introduce uncertainties, affecting the overall cost structure of Infrared LED production. Navigating these challenges necessitates strategic cost management, supply chain resilience, and a keen understanding of market dynamics to ensure sustained profitability in the Infrared LED market.

These challenges underscore the complexities inherent in the Infrared LED market, requiring a strategic and collaborative approach to overcome technological and cost-related hurdles. As the industry continues to evolve, addressing these challenges will be crucial for sustaining growth, fostering innovation, and ensuring the widespread adoption of Infrared LED technology across various sectors.

Key Market Trends

Integration of Infrared LEDs in Biometric Applications:

The Infrared LED market is witnessing a notable trend with the increasing integration of these LEDs in biometric applications. As biometric technology becomes integral to identity verification and access control systems, Infrared LEDs play a crucial role in enhancing the accuracy and reliability of biometric sensors. Infrared light enables features such as facial recognition and fingerprint scanning to function effectively in various lighting conditions, including low light or complete darkness. This trend is particularly prominent in sectors such as finance, healthcare, and government, where stringent security measures and seamless user authentication are paramount. As biometric solutions continue to gain traction, the Infrared LED market is positioned to experience sustained growth through its vital role in advancing biometric applications.

Growing Demand for Infrared LEDs in LiDAR Technology:

An emerging trend shaping the Infrared LED market is the growing demand for these LEDs in Light Detection and Ranging (LiDAR) technology. LiDAR systems, critical for depth perception and object recognition in autonomous vehicles and various industrial applications, heavily rely on Infrared LEDs to illuminate surroundings and gather accurate spatial information. As the automotive industry moves toward autonomous driving, LiDAR adoption is on the rise, consequently propelling the demand for Infrared LEDs. This trend extends beyond automotive applications to include robotics, industrial automation, and smart city initiatives, highlighting the versatility of Infrared LED technology. The Infrared LED market is poised to capitalize on this trend by catering to the evolving needs of LiDAR-based sensing solutions.

Advancements in Quantum Dot Infrared LEDs (QD-IR LEDs):

Advancements in Quantum Dot Infrared LEDs (QD-IR LEDs) represent a significant trend in the Infrared LED market. Quantum dots, nanoscale semiconductor particles, are integrated into Infrared LEDs to enhance their performance, efficiency, and spectral range. This technology allows for precise control over the emitted wavelength, enabling applications in areas such as medical imaging, environmental sensing, and telecommunications. The use of Quantum Dot Infrared LEDs addresses some of the technological challenges associated with traditional Infrared LEDs, including narrow bandwidth and limited tunability. As research and development efforts in this space continue to progress, the market is likely to witness a surge in demand for Quantum Dot Infrared LEDs, opening new avenues for innovation and market expansion.

These trends showcase the dynamic evolution of the Infrared LED market, driven by advancements in technology and the increasing adoption of these LEDs in diverse applications. From biometrics to LiDAR and Quantum Dot technologies, these trends signal a promising future for Infrared LED technology across various industries.

Segmental Insights

By Component Insights

The LED Emitters segment dominated the global Infrared Light Emitting Diode Market in 2023. Infrared LED emitters have widespread applications across various industries such as automotive, consumer electronics, industrial, and medical. Their use in proximity sensors, night vision cameras, remote controls, optical communication devices, phototherapy equipment, and various analytical instruments has propelled the demand for infrared LED emitters. This extensive integration of infrared LED emitters is expected to continue driving their market dominance during the forecast period from 2023 to 2029. Other segments such as photodiodes, optoelectronics, and integrated assemblies are also gaining traction. However, the LED emitters segment is anticipated to maintain its leadership position with its increasing use across new application areas and the launch of advanced emitter technologies with enhanced optical and electrical properties. Key players are focusing on developing miniature and ultra-compact infrared LED emitters with high output power and wavelength customization capabilities to cater to the evolving needs of diverse end-use industries. This includes industries operating in challenging underwater environments requiring high-quality visual data capture.

By Material Insights

The Gallium Arsenide (GaAs) LEDs segment dominated in the global Infrared Light Emitting Diode Market in 2023. GaAs is a widely used material for manufacturing infrared LEDs due to its optimal bandgap that allows emission of infrared light in the 850nm range. It offers high optical output, low switching times, and long operational lifespan. These advantages have resulted in GaAs becoming the preferred material for infrared LEDs used in various applications including optical fiber communications, remote controls, night vision devices, analytical instruments, and biometric equipment. The extensive use of GaAs infrared LEDs across such diverse application fields is expected to drive the material segment's continued dominance during the forecast period from 2023 to 2029. Other material segments involving Aluminium Gallium Arsenide (AlGaAs) and Indium Gallium Arsenide (InGaAs) LEDs are also gaining traction due to their emission in specific infrared ranges. However, GaAs LEDs are anticipated to retain their leadership position owing to ongoing research and development for enhancing their performance capabilities to meet the evolving demands of end-use sectors, especially those operating in underwater environments requiring high-quality infrared visual data collection.


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Regional Insights

Asia Pacific dominated the global Infrared Light Emitting Diode Market in 2023. The significant share of the Asia Pacific region in the Infrared Light Emitting Diode (IR LED) market can be attributed to robust manufacturing activities and the rapid adoption of IR LEDs across diverse industries in key countries such as China, Japan, Taiwan, and South Korea. The presence of leading IR LED manufacturers, coupled with access to raw materials and cost-effective labor, has rendered the Asia Pacific region highly attractive. Additionally, substantial growth in end-use sectors like consumer electronics, automotive, industrial, and medical is fueling the demand for IR LEDs in the region. Forecasts indicate that the Asia Pacific IR LED market is poised to maintain its dominant position throughout the forecast period from 2023 to 2029. However, North America and Europe are also emerging as promising regional markets, driven by heightened research and development efforts aimed at advancing IR LED technologies. Nonetheless, Asia Pacific is expected to uphold its leadership status, supported by the escalating manufacturing output from China and the increasing adoption of industrial automation across various sectors, including those operating in underwater environments that necessitate sophisticated IR visual data collection capabilities.

Recent Developments

  • Osram Opto Semiconductors (Germany) launched new infrared LEDs in 2023 that offer higher light intensity and longer lifetimes.

Key Market Players

  • OSRAM Opto Semiconductors GmbH
  • Epistar Corporation
  • Everlight Electronics Co., Ltd
  • Nichia Corporation
  • Lumileds Holding B.V
  • High Power Lighting Corp
  • Kingbright Company, LLC
  • Lextar Electronics Corporation
  • EPILEDS Technologies, Inc
  • Koninklijke Philips N.V


By Component  

By Material

By End User

By Region
  • LED Emitters.
  • Photodiodes.
  • Optoelectronics.
  • Integrated Assemblies
  • Gallium Arsenide (GaAs) LEDs
  • Aluminium Gallium Arsenide (AlGaAs) LEDs
  • Indium Gallium Arsenide (InGaAs) LEDs
  • Others
  • Electronics and IT
  • Healthcare and Life Sciences
  • Automotive Industry
  • Aerospace and Defense
  • Industrial Manufacturing
  • 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 Component:

o   LED Emitters.

o   Photodiodes.

o   Optoelectronics.

o   Integrated Assemblies.

  • Infrared LED Market, By Material:

o   Gallium Arsenide (GaAs) LEDs

o   Aluminium Gallium Arsenide (AlGaAs) LEDs

o   Indium Gallium Arsenide (InGaAs) LEDs

o   Others

  • Infrared LED Market, By End User:

o   Electronics and IT

o   Healthcare and Life Sciences

o   Automotive Industry

o   Aerospace and Defense

o   Industrial Manufacturing

  • 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

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents 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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Table of content

1.      Product Overview

1.1.   Market Definition

1.2.   Scope of the Market

1.2.1.      Markets Covered

1.2.2.      Years Considered for Study

1.2.3.      Key Market Segmentations

2.      Research Methodology

2.1.   Objective of the Study

2.2.   Baseline Methodology

2.3.   Formulation of the Scope

2.4.   Assumptions and Limitations

2.5.   Types of Research

2.5.1.      Secondary Research

2.5.2.      Primary Research

2.6.   Approach for the Market Study

2.6.1.      The Bottom-Up Approach

2.6.2.      The Top-Down Approach

2.7.   Methodology Followed for Calculation of Market Size & Market Shares

2.8.   Forecasting Methodology

2.8.1.      Data Triangulation & Validation

3.      Executive Summary

4.      Voice of Customer

5.      Global Infrared LED Market Overview

6.      Global Infrared LED Market Outlook

6.1.   Market Size & Forecast

6.1.1.      By Value

6.2.   Market Share & Forecast

6.2.1.      By Component (LED Emitters, Photodiodes, Optoelectronics, Integrated Assemblies)

6.2.2.      By Material (Gallium Arsenide (GaAs) LEDs, Aluminium Gallium Arsenide (AlGaAs) LEDs, Indium Gallium Arsenide (InGaAs) LEDs, Others)

6.2.3.      By End User (Electronics and IT, Healthcare and Life Sciences, Automotive Industry, Aerospace and Defense, Industrial Manufacturing)

6.2.4.      By Region

6.3.   By Company (2023)

6.4.   Market Map

7.      North America Infrared LED Market Outlook

7.1.   Market Size & Forecast         

7.1.1.      By Value

7.2.   Market Share & Forecast

7.2.1.      By Component  

7.2.2.      By Material

7.2.3.      By End User

7.2.4.      By Country

7.3.   North America: Country Analysis

7.3.1.      United States Infrared LED Market Outlook

7.3.1.1.            Market Size & Forecast

7.3.1.1.1.                  By Value

7.3.1.2.            Market Share & Forecast

7.3.1.2.1.                  By Component  

7.3.1.2.2.                  By Material

7.3.1.2.3.                  By End User

7.3.2.      Canada Infrared LED Market Outlook

7.3.2.1.            Market Size & Forecast

7.3.2.1.1.                  By Value

7.3.2.2.            Market Share & Forecast

7.3.2.2.1.                  By Component  

7.3.2.2.2.                  By Material

7.3.2.2.3.                  By End User

7.3.3.      Mexico Infrared LED Market Outlook

7.3.3.1.            Market Size & Forecast

7.3.3.1.1.                  By Value

7.3.3.2.            Market Share & Forecast

7.3.3.2.1.                  By Component  

7.3.3.2.2.                  By Material

7.3.3.2.3.                  By End User

8.      Europe Infrared LED Market Outlook

8.1.   Market Size & Forecast         

8.1.1.      By Value

8.2.   Market Share & Forecast

8.2.1.      By Component  

8.2.2.      By Material

8.2.3.      By End User

8.2.4.      By Country

8.3.   Europe: Country Analysis

8.3.1.      Germany Infrared LED Market Outlook

8.3.1.1.            Market Size & Forecast

8.3.1.1.1.                  By Value

8.3.1.2.            Market Share & Forecast

8.3.1.2.1.                  By Component  

8.3.1.2.2.                  By Material

8.3.1.2.3.                  By End User

8.3.2.      United Kingdom Infrared LED Market Outlook

8.3.2.1.            Market Size & Forecast

8.3.2.1.1.                  By Value

8.3.2.2.            Market Share & Forecast

8.3.2.2.1.                  By Component  

8.3.2.2.2.                  By Material

8.3.2.2.3.                  By End User

8.3.3.      Italy Infrared LED Market Outlook

8.3.3.1.            Market Size & Forecast

8.3.3.1.1.                  By Value

8.3.3.2.            Market Share & Forecast

8.3.3.2.1.                  By Component  

8.3.3.2.2.                  By Material

8.3.3.2.3.                  By End User

8.3.4.      France Infrared LED Market Outlook

8.3.4.1.            Market Size & Forecast

8.3.4.1.1.                  By Value

8.3.4.2.            Market Share & Forecast

8.3.4.2.1.                  By Component  

8.3.4.2.2.                  By Material

8.3.4.2.3.                  By End User

8.3.5.      Spain Infrared LED Market Outlook

8.3.5.1.            Market Size & Forecast

8.3.5.1.1.                  By Value

8.3.5.2.            Market Share & Forecast

8.3.5.2.1.                  By Component  

8.3.5.2.2.                  By Material

8.3.5.2.3.                  By End User

9.      Asia-Pacific Infrared LED Market Outlook

9.1.   Market Size & Forecast         

9.1.1.      By Value

9.2.   Market Share & Forecast

9.2.1.      By Component  

9.2.2.      By Material

9.2.3.      By End User

9.2.4.      By Country

9.3.   Asia-Pacific: Country Analysis

9.3.1.      China Infrared LED Market Outlook

9.3.1.1.            Market Size & Forecast

9.3.1.1.1.                  By Value

9.3.1.2.            Market Share & Forecast

9.3.1.2.1.                  By Component  

9.3.1.2.2.                  By Material

9.3.1.2.3.                  By End User

9.3.2.      India Infrared LED Market Outlook

9.3.2.1.            Market Size & Forecast

9.3.2.1.1.                  By Value

9.3.2.2.            Market Share & Forecast

9.3.2.2.1.                  By Component  

9.3.2.2.2.                  By Material

9.3.2.2.3.                  By End User

9.3.3.      Japan Infrared LED Market Outlook

9.3.3.1.            Market Size & Forecast

9.3.3.1.1.                  By Value

9.3.3.2.            Market Share & Forecast

9.3.3.2.1.                  By Component  

9.3.3.2.2.                  By Material

9.3.3.2.3.                  By End User

9.3.4.      South Korea Infrared LED Market Outlook

9.3.4.1.            Market Size & Forecast

9.3.4.1.1.                  By Value

9.3.4.2.            Market Share & Forecast

9.3.4.2.1.                  By Component  

9.3.4.2.2.                  By Material

9.3.4.2.3.                  By End User

9.3.5.      Australia Infrared LED Market Outlook

9.3.5.1.            Market Size & Forecast

9.3.5.1.1.                  By Value

9.3.5.2.            Market Share & Forecast

9.3.5.2.1.                  By Component  

9.3.5.2.2.                  By Material

9.3.5.2.3.                  By End User

10.  South America Infrared LED Market Outlook

10.1.                  Market Size & Forecast            

10.1.1.  By Value

10.2.                  Market Share & Forecast

10.2.1.  By Component  

10.2.2.  By Material

10.2.3.  By End User

10.2.4.  By Country

10.3.                  South America: Country Analysis

10.3.1.  Brazil Infrared LED Market Outlook

10.3.1.1.        Market Size & Forecast

10.3.1.1.1.              By Value

10.3.1.2.        Market Share & Forecast

10.3.1.2.1.              By Component  

10.3.1.2.2.              By Material

10.3.1.2.3.              By End User

10.3.2.  Argentina Infrared LED Market Outlook

10.3.2.1.        Market Size & Forecast

10.3.2.1.1.              By Value

10.3.2.2.        Market Share & Forecast

10.3.2.2.1.              By Component

10.3.2.2.2.              By Material

10.3.2.2.3.              By End User

10.3.3.  Colombia Infrared LED Market Outlook

10.3.3.1.        Market Size & Forecast

10.3.3.1.1.              By Value

10.3.3.2.        Market Share & Forecast

10.3.3.2.1.              By Component

10.3.3.2.2.              By Material

10.3.3.2.3.              By End User

11.  Middle East and Africa Infrared LED Market Outlook

11.1.                  Market Size & Forecast            

11.1.1.  By Value

11.2.                  Market Share & Forecast

11.2.1.  By Component

11.2.2.  By Material

11.2.3.  By End User

11.2.4.  By Country

11.3.                  MEA: Country Analysis

11.3.1.  South Africa Infrared LED Market Outlook

11.3.1.1.        Market Size & Forecast

11.3.1.1.1.              By Value

11.3.1.2.        Market Share & Forecast

11.3.1.2.1.              By Component

11.3.1.2.2.              By Material

11.3.1.2.3.              By End User

11.3.2.  Saudi Arabia Infrared LED Market Outlook

11.3.2.1.        Market Size & Forecast

11.3.2.1.1.              By Value

11.3.2.2.        Market Share & Forecast

11.3.2.2.1.              By Component

11.3.2.2.2.              By Material

11.3.2.2.3.              By End User

11.3.3.  UAE Infrared LED Market Outlook

11.3.3.1.        Market Size & Forecast

11.3.3.1.1.              By Value

11.3.3.2.        Market Share & Forecast

11.3.3.2.1.              By Component

11.3.3.2.2.              By Material

11.3.3.2.3.              By End User

11.3.4.  Kuwait Infrared LED Market Outlook

11.3.4.1.        Market Size & Forecast

11.3.4.1.1.              By Value

11.3.4.2.        Market Share & Forecast

11.3.4.2.1.              By Component

11.3.4.2.2.              By Material

11.3.4.2.3.              By End User

11.3.5.  Turkey Infrared LED Market Outlook

11.3.5.1.        Market Size & Forecast

11.3.5.1.1.              By Value

11.3.5.2.        Market Share & Forecast

11.3.5.2.1.              By Component

11.3.5.2.2.              By Material

11.3.5.2.3.              By End User

11.3.6.  Egypt Infrared LED Market Outlook

11.3.6.1.        Market Size & Forecast

11.3.6.1.1.              By Value

11.3.6.2.        Market Share & Forecast

11.3.6.2.1.              By Component

11.3.6.2.2.              By Material

11.3.6.2.3.              By End User

12.  Market Dynamics

12.1.                  Drivers

12.2.                  Challenges

13.  Market Trends & Developments

14.  Company Profiles

14.1.                  OSRAM Opto Semiconductors GmbH

14.1.1.  Business Overview

14.1.2.  Key Revenue and Financials  

14.1.3.  Recent Developments

14.1.4.  Key Personnel/Key Contact Person

14.1.5.  Key Product/Services Offered

14.2.                  Epistar Corporation

14.2.1.  Business Overview

14.2.2.  Key Revenue and Financials  

14.2.3.  Recent Developments

14.2.4.  Key Personnel/Key Contact Person

14.2.5.  Key Product/Services Offered

14.3.                  Everlight Electronics Co., Ltd

14.3.1.  Business Overview

14.3.2.  Key Revenue and Financials  

14.3.3.  Recent Developments

14.3.4.  Key Personnel/Key Contact Person

14.3.5.  Key Product/Services Offered

14.4.                  Nichia Corporation

14.4.1.  Business Overview

14.4.2.  Key Revenue and Financials  

14.4.3.  Recent Developments

14.4.4.  Key Personnel/Key Contact Person

14.4.5.  Key Product/Services Offered

14.5.                  Lumileds Holding B.V

14.5.1.  Business Overview

14.5.2.  Key Revenue and Financials  

14.5.3.  Recent Developments

14.5.4.  Key Personnel/Key Contact Person

14.5.5.  Key Product/Services Offered

14.6.                  High Power Lighting Corp

14.6.1.  Business Overview

14.6.2.  Key Revenue and Financials  

14.6.3.  Recent Developments

14.6.4.  Key Personnel/Key Contact Person

14.6.5.  Key Product/Services Offered

14.7.                  Kingbright Company, LLC

14.7.1.  Business Overview

14.7.2.  Key Revenue and Financials  

14.7.3.  Recent Developments

14.7.4.  Key Personnel/Key Contact Person

14.7.5.  Key Product/Services Offered

14.8.                  Lextar Electronics Corporation

14.8.1.  Business Overview

14.8.2.  Key Revenue and Financials  

14.8.3.  Recent Developments

14.8.4.  Key Personnel/Key Contact Person

14.8.5.  Key Product/Services Offered

14.9.                  EPILEDS Technologies, Inc

14.9.1.  Business Overview

14.9.2.  Key Revenue and Financials  

14.9.3.  Recent Developments

14.9.4.  Key Personnel/Key Contact Person

14.9.5.  Key Product/Services Offered

14.10.              Koninklijke Philips N.V

14.10.1.                      Business Overview

14.10.2.                      Key Revenue and Financials  

14.10.3.                      Recent Developments

14.10.4.                      Key Personnel/Key Contact Person

14.10.5.                      Key Product/Services Offered

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Infrared LED Market was USD 712 million in 2023.

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The dominant segment By Material in the Global Infrared LED Market in 2023 was Gallium Arsenide (GaAs)s LED's segment.

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The dominant region in the Global Infrared LED Market is Asia- Pacific.

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The major drivers for the Global Infrared LED Market include increasing demand for surveillance and security applications, widespread integration in consumer electronics, and rising adoption in automotive safety systems.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Infrared LED Market is expected to register a CAGR of 14.23% during the forecast period

Apr, 2024

The Infrared LED market is anticipated to be led by advancements in technology and enhanced performance capabilities in the forecast period, 2025-2029

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