Infrared LED Market Analysis

Infrared (IR) LED Segmentation

Spectral Range (Short-Wave, Medium-Wave, Long-Wave)

The medium-wave segment in the infrared LED market is estimated to gain the largest revenue share of about 60% in the year 2035 and will surpass USD 1 billion by growing at a notable CAGR over the forecasted period. The growth of the segment is attributed to the rising use of identity verification systems in the defense sector. Medium wave OR LEDs are used in friend-or-foe identification systems, also known as IFF systems. These systems employ IR LEDs to emit unique identification codes or signals that can be recognized by corresponding IR sensors or receivers. By utilizing medium wave LEDs, military forces can distinguish friendly units from potential threats, enhancing operational coordination and reducing the risk of friendly fire incidents.

Application (Imaging, Surveillance, Biometrics, Lighting, Remote Sensing)

The surveillance segment is expected to hold around 46% share of the global infrared LED market in the year 2035. Moreover, in terms of revenue, the segment was valued at USD 240 million in 2022. The need for surveillance and security cameras has become imperative. Surveillance cameras act as a deterrent to crime by increasing the perceived risk of detection and capture. These cameras play a crucial role in investigating crimes and collecting evidence. Its presence discourages potential criminals and enhances public safety in public spaces and commercial areas, and residential neighborhoods. When it comes to preventing crimes and monitoring the area discreetly, IR LEDs are suitable for covert surveillance, since it is not visible to human eyes. They can operate without emitting visible light that would draw attention to the camera’s presence.

Our in-depth analysis of the global infrared LED market includes the following segments:

Spectral Range	Short-Wave Medium-Wave Long-Wave
Technology	IR LED Chip IR LED Package
Application	Imaging Surveillance Biometrics Lighting Remote Sensing

Frequently Asked Questions (FAQ)

Increasing deployment of security cameras, higher use in the medical field for wound healing and skin treatment, and technical advancement in IR LED are the major factors driving the market growth.

The market size of infrared (IR) LED is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Epistar Corporation, Lite-On Technology Corp, Ams-Osram AG, Ushio America, Inc., Vishay Intertechnology, Inc., Lextar Electronics Corp., Luminous India, Lumileds Holding B.V, Kingbright Company, LLC, and GJD Manufacturing Ltd.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by spectral range, technology, application and by region.

The medium-wave segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The manufacturing cost is high, and new alternatives in the market is estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Infrared LED Market Analysis