Infrared LED Market to cross USD 1 billion by 2024 - PowerPoint PPT Presentation

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Infrared LED Market to cross USD 1 billion by 2024

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Request Sample of Report @ The surveillance application is anticipated to grow at a CAGR of around 16% in the IR LED market. These components have a huge demand in the military & defense industry in night-vision cameras while carrying out covert operations at night. The components are incorporated into the camera lens around the outer edges. There are several types of infrared cameras available along with specialty cameras such as those capable of license plate recognition. – PowerPoint PPT presentation

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Title: Infrared LED Market to cross USD 1 billion by 2024


1
Infrared LED Market shipments to grow at 17 CAGR
from 2018 and 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Infrared LED Market
  • Infrared (IR) LED Market was estimated at over
    USD 400 million in 2017, and is set to exceed USD
    1 billion by 2024 according to a new research
    report by Global Market Insights, Inc. The global
    shipments are set to grow at over 17 CAGR
    between 2018 and 2024. The IR LED market is
    projected to witness a significant growth over
    the forecast period owing to the increasing
    demand for cameras with night vision capabilities
    and remote sensing in automotive and consumer
    electronic industry.
  • The demand infrared LED market in the automotive
    industry has grown owing to the increasing usage
    of these components in the exterior and interior
    lighting applications. Moreover, the industry has
    tremendous opportunities for growth in the future
    with their integration in wearable devices such
    as AR/VR and with the emergence of IoT enabled
    devices.

3
Continued...
  • The 850nm- 940nm wavelengths in the IR LED market
    are expected to grow at a CAGR of over 17 from
    2018 to 2024, due to the increasing applications
    of these components in numerous applications.
    They are being widely integrated in the
    automotive systems, fueling the demand for
    components with this wavelength in the automotive
    and industrial sectors. The biometrics industry
    is the growing segment in the infrared LED
    market. This is attributed to the growing
    adoption of iris and facial recognition in
    electronic devices. This increasing adoption is
    being propelled by mobile payment services that
    create the need for secure and reliable
    authentication for users. Several LED
    manufacturing companies are taking advantage of
    these opportunities and are launching advanced
    components for biometric applications.
  • For instance, recently GOME, one of the
    electronic retailers in China collaborated with
    Osram Opto Semiconductors to integrate the Iris
    recognition technology in their smartphones. The
    company has Osram infrared components on all
    their smartphone offerings.

4
Japan infrared LED market size, by application,
2017 2024 (USD Million)

5

Browse Full Market Research Report On Infrared
LED Market _at_ https//bit.ly/2Q9a2hp Request
for a Sample of this Research Report _at_
https//bit.ly/2MLmx4U
6
Continued...
  • North America IR LED market is expected to reach
    over USD 350 million by 2024 owing to the
    increasing demands from the surveillance
    industry. The U.S. has been the major country for
    adopting advanced surveillance technologies such
    as artificial intelligence, facial recognition
    and surveillance automation. The demand for such
    technologies is increasing across airports,
    commercial buildings and other public buildings.
    Surveillance has been integral to the U.S. for
    law enforcement and is part of critical national
    infrastructure.
  • The vendors in the infrared LED market space are
    EVERLIGHT, Vishay Intertechnology, Epistar, Rohm
    Semiconductor, etc. The industry is witnessing
    extensive investments in these components to
    cater to the demands from growing applications in
    consumer electronics. To sustain competition,
    players have been focusing on new product
    launches and targeting the consumer electronics
    segment for larger market share.

7
Continued...
  • In 2018, Osram Opto Semiconductors expanded its
    product portfolio of IR LED by announcing six
    novel IR LEDs (IREDs) for automotive use. The
    addition includes 850nm IR components for
    applications such as pedestrian protection, night
    vision, and other exterior applications and 940
    nm infrared components for applications such as
    gesture recognition, driver monitoring, and other
    interior applications.
  • Several companies in the industry have shifted
    their focus on the infrared LED market
    considering the demand and the huge potential.
    EVERLIGHT in 2017 reported that business
    contributed 25 percent of its total revenue. The
    market share of Epistar in these LED chips was
    over 10 of all AlGaInP chip output in 2015.

8
Industry Coverage

9
Table OF Content
Chapter 1. Methodology and Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Definition and forecast
parameters 1.1.4.1. Definitions 1.1.4.2.
Assumptions, methodology and forecast
parameters 1.2. Data Sources 1.2.1.
Primary 1.2.2. Secondary Chapter 2. Executive
Summary 2.1. IR LED industry 3600 synopsis, 2013
- 2024 2.1.1. Business trends 2.1.2. Spectral
range trends 2.1.3. Application trends 2.1.4.
End-use trends 2.1.5. Regional trends
10
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