Infrared LED market size expected to grow at over CAGR 9% from 2016 to 2023 - PowerPoint PPT Presentation

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Infrared LED market size expected to grow at over CAGR 9% from 2016 to 2023


IR LED Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2016 - 2023 – PowerPoint PPT presentation

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Title: Infrared LED market size expected to grow at over CAGR 9% from 2016 to 2023

Infrared LED market size expected to grow at over
CAGR 9 from 2016 to 2023 Global Market Insights
Fuel Cell Market size worth 25.5bn by 2024
Regional Analysis of Infrared LED Market
  • Asia Pacific IR LED market is projected to
    witness substantial growth prospects over the
    forecast period. The regional growth can be
    attributed to increasing adoption and penetration
    of these products in a wide range of applications
    such as automotive, smartphone, surveillance
    systems, and other segments over the forecast
  • Europe is likely to exhibit considerable rates
    owing to presence of significant automobile
    sector across the region.
  • Regions facing political turmoil as well as
    social issues are forecast to have the highest
    contribution on the product demand through 2023.

  • Application Analysis of Infrared LED Market
  • Rapid technology advancements accompanied by
    growing adoption of these products in various
    industry sectors such as defense, lighting,
    imaging, surveillance, automotive, as well as
    consumer electronics is anticipated to propel
    global infrared LED market growth from 2016 to
  • As these products offer high security benefits
    when compared to traditional ones, manufacturers
    are now increasing their focus on its
    implementation in surveillance systems and
    various multimedia devices such as tablets and
    mobile phones. Rising integration of these
    products in smartphones for iris recognition is
    anticipated to be an emerging trend in IR LED
    market growth.
  • Furthermore, potential implementation of these
    devices in CCTVs (close circuit televisions) and
    surveillance systems is forecast to boost the
    industry demand from 2016 to 2023.

Competitive Market Share of Infrared LED
  • Industry players accumulating substantial global
    IR LED market share include Nichia, Kingbright
    Electronics, Osram Opto Semiconductors, Epistar,
    High Power Lighting, and Everlight Electronics.
  • Other prominent players include Lextar
    Electronics, Royal Philips, Excelitas
    Technologies, Opto Diode, Fluke, Ushio Epitex,
    Epileds, ROHM Semiconductors, Fairchild
    Semiconductors International, EPITEX, Larson
    Electronics, and High Power Lighting.


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