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

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

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More Information @ 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. – PowerPoint PPT presentation

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Title: 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
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