Expert Market Research’s new report titled “Global IR LED Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026”, gives an in-depth analysis of the Global IR LED Market, assessing the market based on its segments such as technologies, spectral ranges, applications, end-uses, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Request a free PDF sample or view the report summary @ https://bit.ly/3xhnkz1
Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): USD 48 billion (global LED lighting market)
- Forecast CAGR (2021-2026): 12% (global LED lighting market)
- Forecast Market Size (2026): USD 95 Billion (Global LED Lighting Market)
The IR LED market is supported by strong growth in automotive sectors. IR LEDs are used in advanced vehicle electronics that are propelling industry growth. They are used in several outdoor applications such as night vision, pedestrian protection, and lane recognition which further augment the market growth. The use of IR LEDs in security alarms and surveillance cameras due to the increase in theft and property damage is driving the growth of the IR LED industry. Growing internet penetration, technological advancement and increasing usage of digital banking services and mobile wallets require advanced security system which is contributing to the market growth. Additionally, the growing use of remote controls in smart homes and smart offices is bolstering the growth of the market.
Industry definition and major segments
An IR LED, known as an infrared light-emitting diode, is usually made of gallium arsenide or gallium aluminum arsenide and emits infrared rays ranging from 700 nm to 1 mm in wavelength. It is invisible to the naked eye and hence is used in several devices such as surveillance cameras, night vision goggles, and security alarms among others.
The market can be categorized on the basis of its technology as follows:
- IR LED chip
- IR LED Kit
The spectral ranges of the IR LED are as follows:
- 700nm – 850nm
- 850nm – 950nm
- 950nm – 1020nm
- 1020nm – 1720nm
On the basis of applications, the industry is segmented into:
- remote sensing
Based on end uses, IR LED can be divided as follows:
- Aeronautics and Defense
- Consumer electronics
- Health and Hospitality
The major regions of the IR LED industry are as follows:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore the full report with table of contents @ https://bit.ly/3911o35
The IR LED industry is driven by the low power consumption, cost effectiveness and low heat generation of IR LEDs. The increasing use of environmentally friendly products due to rapid climate change is expected to further contribute to the growth of the industry. Growing use of IR LED in latest technological advancements such as Internet of Things (IoT) and machine-to-machine (M2M) environments is expected to propel the growth of the market. The increasing use of IR LEDs in various healthcare industry applications such as infrared therapy is catalyzing the growth of the market. Moreover, the increasing use of IR LED in several medical devices for endoscopy and blood analysis among others is expected to further promote the growth of the industry.
Main market players
The major market players 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. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research (EMR) is a leading market research company with clients worldwide. Through comprehensive data collection and skillful data analysis and interpretation, the company provides its clients with comprehensive, up-to-date and actionable market insights that enable them to make informed and intelligent decisions and strengthen their position in the market. market. The customer base ranges from Fortune 1000 companies to small and medium-sized businesses.
EMR customizes syndicated reports based on client requirements and expectations. The company is active in more than 15 leading industry areas, including food and beverage, chemicals and materials, technology and media, consumer goods, packaging, agriculture and chemical products. pharmaceuticals, among others.
Over 3,000 EMR consultants and over 100 analysts work very hard to ensure that clients get only the most up-to-date, relevant, accurate and actionable information in the industry so they can formulate informed business strategies , efficient and intelligent and secure their market leadership.
Company name: Claight Corporation
Contact Person:- Eliana Grace, Business Consultant
Email: [email protected]
Toll Free: USA +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.