IR 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.
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There is high demand for infrared LEDs of the 1020nm-1720nm spectral range. Reports have it that the 1020nm-1720nm spectral range IR LED market was valued over 5% in 2019. This can be attributed to increasing usage in high power applications such as security, biomedical and surveillance.
Numerous companies are trying to incorporate LED and laser technology to improve production capabilities across manufacturing facilities. Highlighting one such instance, in 2020, Osram and partners are working on a project that aims on developing highly efficient IR laser bars with remarkable output powers. The technology is expected to be utilized in industrial materials processing and will effectively set a new standard, with efficiency of about 70% at 1000 nm and 1020 nm wavelengths.
Lighting, remote sensing, imaging, surveillance, and biometrics are some of the major application areas of infrared LED. Among these, the remote sensing application has gain considerable momentum in recent years. Reportedly, in 2019, the remote sensing application held a market share of around 10%. Apart from this, surging use of infrared LED lightning systems in the automotive sector could underpin sizable growth opportunities for IR LED manufacturers and suppliers overtime.
Infrared LED is used in several end-use sectors including retail, aerospace & defense, industrial, BFSI, automotive, education, consumer electronics, and healthcare. Product demand in the industrial sector was accounted for more than 15% market share in 2019. Rising adoption of surveillance and CCTV cameras in manufacturing processes is slated to be the key contributor for this growth.
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In 2019, Europe IR LED market held over 25% of the global share due to robust demand from major vehicle manufacturers in the region, such as, Audi, Volkswagen, Bentley, and BMW. Considerable investments were made by Osram in the region that are projected to contribute to product penetration. In 2017, Osram opened a new manufacturing plant in Germany to produce infrared LEDs to meet the growing demand for biometrics and lighting applications.
However, the COVID-19 pandemic has exponentially affected the market demand to a great extent due to lockdown restrictions laid by the regional government. The manufacturing plants across the region have been shut for long. Some of the prominent players operating in the IR LED market include EVERLIGHT, Epistar, Vishay Intertechnology, Lite-On Technology, Osram, Raytek Corporation, among others.
Major Key Points from Table of Content:
Chapter 4. IR LED Market, By Spectral Range (Revenue, Shipment)
4.1. Key trends, by spectral range
4.2. 700nm – 850nm
4.2.1. Market estimates and forecast, 2016 - 2026
4.3. 850nm – 950nm
4.3.1. Market estimates and forecast, 2016 - 2026
4.4.1. Market estimates and forecast, 2016 - 2026
4.5. 1020nm- 1720nm
4.5.1. Market estimates and forecast, 2016 - 2026
Chapter 5. IR LED Market, By Application (Revenue & Shipments)
5.1. Key trends, by application
5.2.1. Market estimates and forecast, 2016 - 2026
5.3.1. Market estimates and forecast, 2016 - 2026
5.4.1. Market estimates and forecast, 2016 - 2026
5.5. Remote sensing
5.5.1. Market estimates and forecast, 2016 - 2026
5.6.1. Market estimates and forecast, 2016 - 2026
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