Global Infrared (IR) LED Market: Factors Helping to Maintain Strong Position Globally 2020-2026

1
Global Infrared (IR) LED Market Factors Helping
to Maintain Strong Position Globally 2020-2026
2
Industry Overview

• Accordingly, to Global Market Insights research
  report 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 size will exceed USD 1 billion in
  terms of annual valuation by 2026, worldwide.

3
Continue

• 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.
• IR LED 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.

4

Browse Full Market Research Report _at_
https//bit.ly/2yA8yZU Request for a
Sample of this Research report _at_
https//bit.ly/3d5zBLy
5
Growth Drivers

• Presence of several optoelectronic players in
  Taiwan
• High security demand in the U.S.
• Rising integration of automotive electronics and
  advance vehicle systems
• Favorable government regulations in China
• Rising investment in technology in India
• Increasing demand from the surveillance sector in
  UK
• Technological advancement and favorable
  investment landscape in South Korea
• High investment in commercial sector to drive UAE
  market growth

6
Continue

• Top Key Player are EPILEDS, Epistar Corporation,
  Everlight Electronics Co. Ltd, Excelitas
  Technologies Corporation, High Power Lightning
  Corporation, Kingbright, Lextar Electronics,
  Lite-On Inc., Lumileds, Luna Optoelectronics,
  Marktech Optoelectronics, Nichia Corporation, ON
  Semiconductor, Osram Opto Semiconductors Inc.,
  ROHM Semiconductor, TE Connectivity Measurement
  Specialities, Ushio OPTO Semiconductors Inc.,
  Vishay Intertechnology, Wurth Electronics Inc.

7
Stay In Touch Website www.gminsights.com Soci
al Media