Selbyville, Delaware, United States, November 5 2020 (Wiredrelease) Global Market Insights, Inc –:Infrared LED market trends are poised to be driven by rising demand for a strong and efficient surveillance system across the globe. IR LEDs are gaining popularity on account of their applicability in a wide range of signal transfer systems including infrared cameras for surveillance and night vision, remote control of television, and other uses.
Over the past few years, integration of disruptive technologies with surveillance systems, such as IoT and smart sensors has been observed. Large-scale incorporation of these technologies in order improve surveillance performance is likely to offer growth avenues for IR LED manufacturers. These systems are witnessing high demand from industries, smart cities and military applications.
Government regulations mandating the use of IR lighting in vehicles to ensure driver safety may fuel product proliferation. Moreover, instances like deployment of surveillance cameras network by NYPD to fight against coronavirus by tracking the populations in the city for following social distancing may stimulate industry trends over the coming years. Estimates suggests that infrared LED market will exceed USD 1 billion in terms of annual valuation by 2026, worldwide.
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Consumer electronics is likely to experience major setback in 2020 due to dropping demand for electronics like smartphones and other smart home solutions, due to the outbreak of COVID-19. However, the demand may gain substantial momentum, once economy revives from the crisis. Various smartphone manufacturers are collaborating with IR LED producers to integrate facial and iris recognition with infrared technology. For instance, Osram introduced an infrared LED of wavelength 940nm for 2D integration in mobile phones and tablets for facial recognition in 2018.
Infrared LED market devices with high wavelengths are used as light sources in infrared communications, photo couplers and remote controller. In 2019, 950nm-1020nm segment held over 5% of the overall market share and is expected to grow at 5% over the analysis period on account of increasing applications in surveillance cameras, infrared range finder for digital camera, smoke detectors and sensors for factory automation.
The IR LED devices for image processing are used in wide range of applications including medicine, defense & security, handheld mobile devices and industries. The imaging application segment in the market is set to grow at 7% over 2020-2026 due to high-quality image and enhanced image processing algorithms.
In 2019, Europe Infrared LED market held over 25% of the global share due to robust demand from major vehicle manufacturers in the region, such as, Audi, Volkswagen, Bentley, and BMW. Considerable investments were made by Osram in the region that are projected to contribute to product penetration. In 2017, Osram opened a new manufacturing plant in Germany to produce infrared LEDs to meet the growing demand for biometrics and lighting applications.
However, the COVID-19 pandemic has exponentially affected the market demand to a great extent due to lockdown restrictions laid by the regional government. The manufacturing plants across the region have been shut for long. Some of the prominent players operating in the Infrared LED market include EVERLIGHT, Epistar, Vishay Intertechnology, Lite-On Technology, Osram, Raytek Corporation, among others.
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Table Of Content:
Chapter 4. Infrared LED Market, By Spectral Range (Revenue, Shipment)
4.1. Key trends, by spectral range
4.2. 700nm – 850nm
4.2.1. Market estimates and forecast, 2016 – 2026
4.3. 850nm – 950nm
4.3.1. Market estimates and forecast, 2016 – 2026
4.4. 950nm-1020nm
4.4.1. Market estimates and forecast, 2016 – 2026
4.5. 1020nm- 1720nm
4.5.1. Market estimates and forecast, 2016 – 2026
Chapter 5. Infrared LED Market, By Application (Revenue & Shipments)
5.1. Key trends, by application
5.2. Biometrics
5.2.1. Market estimates and forecast, 2016 – 2026
5.3. Imaging
5.3.1. Market estimates and forecast, 2016 – 2026
5.4. Lighting
5.4.1. Market estimates and forecast, 2016 – 2026
5.5. Remote sensing
5.5.1. Market estimates and forecast, 2016 – 2026
5.6. Surveillance
5.6.1. Market estimates and forecast, 2016 – 2026
Chapter 6. Infrared LED Market, By End-Use (Revenue & Shipments)
6.1. Key trends, by end-use
6.2. Aerospace & defense
6.2.1. Market estimates and forecast, 2016 – 2026
6.3. Automotive
6.3.1. Market estimates and forecast, 2016 – 2026
6.4. BFSI
6.4.1. Market estimates and forecast, 2016 – 2026
6.5. Consumer electronics
6.5.1. Market estimates and forecast, 2016 – 2026
6.6. Education
6.6.1. Market estimates and forecast, 2016 – 2026
6.7. Healthcare
6.7.1. Market estimates and forecast, 2016 – 2026
6.8. Industrial
6.8.1. Market estimates and forecast, 2016 – 2026
6.9. Retail
6.9.1. Market estimates and forecast, 2016 – 2026
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