What is IR LED - Global Market?
The global market for infrared (IR) LEDs is a rapidly evolving sector, driven by the increasing demand for advanced technologies across various industries. IR LEDs, or infrared light-emitting diodes, are semiconductor devices that emit light in the infrared spectrum. These components are crucial in a wide range of applications, from remote controls and night vision devices to more sophisticated uses in security systems and medical equipment. In 2023, the global market for IR LEDs was valued at approximately US$ 447.7 million. This market is projected to grow significantly, reaching an estimated US$ 817.1 million by 2030, with a compound annual growth rate (CAGR) of 8.5% from 2024 to 2030. This growth is fueled by technological advancements and the increasing adoption of IR LEDs in various sectors, including automotive, consumer electronics, and healthcare. The North American market, in particular, is expected to see substantial growth, although specific figures for this region were not provided. The expansion of the IR LED market is indicative of the broader trend towards integrating more sophisticated and efficient technologies in everyday applications, highlighting the importance of IR LEDs in the global technological landscape.
IR LED Chip, IR LED Package in the IR LED - Global Market:
IR LED chips and IR LED packages are integral components of the IR LED global market, each playing a distinct role in the functionality and application of infrared technology. An IR LED chip is the core component that emits infrared light when an electric current passes through it. These chips are made from semiconductor materials such as gallium arsenide (GaAs) or aluminum gallium arsenide (AlGaAs), which are specifically designed to emit light in the infrared spectrum. The efficiency and performance of an IR LED largely depend on the quality and design of the chip. Advanced manufacturing techniques have enabled the production of high-performance IR LED chips that offer improved energy efficiency, longer lifespan, and enhanced light output. These chips are used in a variety of applications, including remote controls, optical sensors, and communication devices. On the other hand, an IR LED package refers to the assembly that houses the IR LED chip. The package provides mechanical support, protection from environmental factors, and facilitates the connection of the chip to an external circuit. It typically includes components such as a lens, reflector, and heat sink, which help to focus the emitted light and dissipate heat generated during operation. The design of the IR LED package is crucial for ensuring the reliability and performance of the IR LED in various applications. Different packaging technologies, such as surface-mount and through-hole, are used depending on the specific requirements of the application. The choice of packaging can affect the thermal management, optical performance, and overall durability of the IR LED. In the global market, there is a growing demand for advanced IR LED packages that offer improved thermal management, higher optical efficiency, and greater design flexibility. This demand is driven by the increasing use of IR LEDs in high-performance applications such as automotive lighting, security systems, and industrial automation. As the market continues to evolve, manufacturers are focusing on developing innovative packaging solutions that meet the diverse needs of different industries. The integration of advanced materials and design techniques is expected to further enhance the performance and reliability of IR LED packages, contributing to the overall growth of the IR LED global market.
Optical Sensing, Automated Drive Systems, Security & Surveillance, Others in the IR LED - Global Market:
The usage of IR LEDs in the global market spans several key areas, including optical sensing, automated drive systems, security and surveillance, and other applications. In optical sensing, IR LEDs are used to detect and measure various physical properties such as distance, temperature, and motion. These sensors are widely used in industrial automation, consumer electronics, and healthcare devices. For instance, IR LEDs are used in proximity sensors for smartphones, enabling features like automatic screen dimming and gesture recognition. In automated drive systems, IR LEDs play a crucial role in enhancing vehicle safety and performance. They are used in applications such as adaptive cruise control, lane departure warning systems, and night vision assistance. By emitting infrared light, these LEDs help detect obstacles, monitor road conditions, and improve driver visibility in low-light environments. The integration of IR LEDs in automated drive systems is a key factor driving the growth of the automotive sector in the IR LED global market. In the realm of security and surveillance, IR LEDs are essential for night vision cameras and motion detectors. They provide the necessary illumination for capturing clear images and videos in low-light or complete darkness, making them indispensable for security systems in residential, commercial, and industrial settings. The demand for IR LEDs in this sector is driven by the increasing need for enhanced security measures and the growing adoption of smart home technologies. Beyond these specific applications, IR LEDs are also used in a variety of other areas, including remote controls, optical communication, and medical devices. In remote controls, IR LEDs are used to transmit signals to electronic devices such as televisions and air conditioners. In optical communication, they enable high-speed data transmission over short distances, making them ideal for applications like fiber optic communication and wireless data transfer. In the medical field, IR LEDs are used in devices such as pulse oximeters and infrared thermometers, providing non-invasive and accurate measurements of vital signs. The versatility and efficiency of IR LEDs make them a valuable component in a wide range of applications, contributing to their growing demand in the global market.
IR LED - Global Market Outlook:
The global market for IR LEDs was valued at approximately US$ 447.7 million in 2023, and it is anticipated to grow significantly in the coming years. By 2030, the market is expected to reach a revised size of US$ 817.1 million, reflecting a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2024 to 2030. This growth is driven by the increasing adoption of IR LEDs across various industries, including automotive, consumer electronics, and healthcare. The North American market, in particular, is poised for substantial growth, although specific figures for this region were not provided. The expansion of the IR LED market is indicative of the broader trend towards integrating more sophisticated and efficient technologies in everyday applications. As industries continue to embrace digital transformation and automation, the demand for IR LEDs is expected to rise, further fueling market growth. The increasing focus on energy efficiency and sustainability is also contributing to the growing popularity of IR LEDs, as they offer significant advantages in terms of energy consumption and environmental impact compared to traditional lighting technologies. Overall, the IR LED global market is set to experience robust growth in the coming years, driven by technological advancements and the increasing adoption of IR LEDs in a wide range of applications.
| Report Metric | Details |
| Report Name | IR LED - Market |
| Forecasted market size in 2030 | US$ 817.1 million |
| CAGR | 8.5% |
| Forecasted years | 2024 - 2030 |
| Segment by Type: |
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| Segment by Application |
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| By Region |
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| By Company | NICHIA CORPORATION, Kingbright Electronic Co., Ltd, OSRAM Opto Semiconductors GmbH, Epistar Corporation, Everlight Electronics Co. Ltd., High Power Lighting Corporation, EPILEDS Co. Ltd., ON Semiconducts, Koninklijke Philips N.V., Lextar Electronics Corporation |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
