Global Infrared (IR) LED Market to Witness 14.3% CAGR during 2017 - 2023 - PowerPoint PPT Presentation

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Global Infrared (IR) LED Market to Witness 14.3% CAGR during 2017 - 2023

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As per the research, the global IR LED market is expected to reach $784.8 million by 2023, registering a CAGR of 14.3% during 2017 - 2023. An IR LED refers to infrared light emitting diode, which appears similar to the common LED, with the only difference that it emits light in infrared range of the electromagnetic radiation spectrum. Such LEDs are mainly composed of gallium arsenide or aluminum gallium arsenide. These LEDs, along with IR receivers, are usually used as sensors. IR LEDs are widely being used in the biometric ID applications, military applications and surveillance applications. – PowerPoint PPT presentation

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