Infrared Light-emitting Diode Market size is set to grow by USD 242.69 million from 2022 to 2027, Increasing integration of biometrics in consumer electronics to boost the market growth - Technavio

NEW YORK, June 5, 2023 /PRNewswire/ -- The global infrared light-emitting diode market size is estimated to grow by USD 242.69 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 8.09% during the forecast period. APAC is estimated to account for 67% of the global market growth. The region is a global manufacturing center for consumer electronics and other industrial products requiring infrared light-emitting diodes. Furthermore, infrared-emitting diodes are widely used in automotive applications such as driver monitoring and gesture control. The growing automobile production in APAC will drive the adoption of infrared light-emitting diodes, which ultimately drives the growth of the market during the forecast period. Moreover, the widespread acceptance of remote controls by major smart TV and game console manufacturers in the region is another factor driving the demand for infrared-emitting diodes in APAC. Hence, such factors drive the regional market growth during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Infrared Light-emitting Diode Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on type (Gallium arsenide LED and Aluminum gallium arsenide LED), application (consumer electronics, surveillance, automotive, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

• The market share growth by the gallium arsenide LED segment will be significant for overall market growth during the forecast period. Gallium arsenide(GaAs) is a semiconductor that can emit light and is used in the LED field because of its direct bandgap. Furthermore, GaAs infrared emitting diodes are fast, which makes them suitable to be used in radio frequency (RF) devices such as mobile phones and microwave ovens, which are primarily used in military applications such as radar and smart weapons. Hence, such factors ultimately increase market revenue over the forecast period.

Insights on the market contribution of various segments, including country and region wise historic (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Infrared Light-emitting Diode Market – Market Dynamics
Key factor driving market growth

• Increasing integration of biometrics in consumer electronics notably drives the infrared (IR) light-emitting diode (LED) market growth. 
• Some of the devices integrating complex eye-tracking systems into consumer devices such as smartphones, notebooks, and tablets include advanced computer chips, modern camera sensors, and highly efficient infrared light-emitting diodes.
• Furthermore, these systems allow the device to detect the user's eye movements and besides common input methods, eye tracking and retinal scanning enable new intuitive interactions between humans and machines.
• Moreover, based on information about the position of a reference object such as a screen, special software can detect exactly where the user is looking.
• Hence, the application of biometrics in consumer electronics increases the demand for infrared light-emitting diodes, driving the infrared (IR) light-emitting diode (LED) market growth during the forecast period.

Leading trends influencing the market 

• The increasing number of smart cities is a key trend that influences the Infrared (IR) LED Market growth. 
• The number of smart cities is expected to grow rapidly during the forecast period with cutting-edge technologies such as big data and artificial intelligence carrying out tasks such as real-time video surveillance and emergency response.
• Also, smart cities use multiple interconnected digital technologies to improve communication between devices, increase performance, reduce costs, and contribute to the efficient use of resources.
• Such digital technologies include Smart Pole solutions that support intelligent transportation. These factors increase the demand for surveillance systems and related components such as infrared emitting diodes.
• Hence, due to the increasing number of smart cities, the application of infrared light-emitting diodes will increase, which will drive the market over the forecast period. 

Major challenges hindering the market growth

• Indoor limitations of infrared light-emitting diodes are challenges hindering the IR Light-emitting Diode (LED) Market growth.
• Given the reflective surfaces, indoor use of cameras with infrared-emitting diodes is not easy, whereas, in residential applications, infrared-emitting diodes tend to bounce off windows and reflect back onto the camera.
• Thus, if the camera is pointed looking through a window, the video will be washed out. Furthermore, infrared cameras can be used indoors when there are open areas free of reflective surfaces, windows, or other objects but it does not perform optimally indoors.
• Hence, the limitations on indoor infrared light-emitting diodes will have a negative impact on market growth during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Infrared Light-emitting Diode Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the infrared light-emitting diode market between 2023 and 2027
• Precise estimation of the size of the infrared light-emitting diode market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the infrared light-emitting diode market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of infrared light-emitting diode market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global infrared light-emitting diode market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global infrared light-emitting diode market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Gallium arsenide LED - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Gallium arsenide LED - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Gallium arsenide LED - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Gallium arsenide LED - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Gallium arsenide LED - Year-over-year growth 2022-2027 (%)

• 6.4 Aluminium gallium arsenide LED - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Aluminium gallium arsenide LED - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Aluminium gallium arsenide LED - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Aluminium gallium arsenide LED - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Aluminium gallium arsenide LED - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Consumer electronics - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Consumer electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Consumer electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Consumer electronics - Year-over-year growth 2022-2027 (%)

• 7.4 Surveillance - Market size and forecast 2022-2027
• Exhibit 52: Chart on Surveillance - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Surveillance - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Surveillance - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Surveillance - Year-over-year growth 2022-2027 (%)

• 7.5 Automotive - Market size and forecast 2022-2027
• Exhibit 56: Chart on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Automotive - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 64: Market opportunity by Application ($ million)
• Exhibit 65: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 South Korea - Market size and forecast 2022-2027
• Exhibit 99: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.11 Taiwan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Taiwan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Taiwan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)

• 9.12 Singapore - Market size and forecast 2022-2027
• Exhibit 107: Chart on Singapore - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Singapore - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Singapore - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Singapore - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 ams OSRAM AG 
• Exhibit 119: ams OSRAM AG - Overview
• Exhibit 120: ams OSRAM AG - Business segments
• Exhibit 121: ams OSRAM AG - Key offerings
• Exhibit 122: ams OSRAM AG - Segment focus

• 12.4 Ennostar Inc. 
• Exhibit 123: Ennostar Inc. - Overview
• Exhibit 124: Ennostar Inc. - Business segments
• Exhibit 125: Ennostar Inc. - Key offerings
• Exhibit 126: Ennostar Inc. - Segment focus

• 12.5 Epileds Technologies Inc. 
• Exhibit 127: Epileds Technologies Inc. - Overview
• Exhibit 128: Epileds Technologies Inc. - Product / Service
• Exhibit 129: Epileds Technologies Inc. - Key offerings

• 12.6 Everlight Electronics Co. Ltd. 
• Exhibit 130: Everlight Electronics Co. Ltd. - Overview
• Exhibit 131: Everlight Electronics Co. Ltd. - Business segments
• Exhibit 132: Everlight Electronics Co. Ltd. - Key offerings
• Exhibit 133: Everlight Electronics Co. Ltd. - Segment focus

• 12.7 Excelitas Technologies Corp. 
• Exhibit 134: Excelitas Technologies Corp. - Overview
• Exhibit 135: Excelitas Technologies Corp. - Product / Service
• Exhibit 136: Excelitas Technologies Corp. - Key offerings

• 12.8 High Power Lighting Corp. 
• Exhibit 137: High Power Lighting Corp. - Overview
• Exhibit 138: High Power Lighting Corp. - Product / Service
• Exhibit 139: High Power Lighting Corp. - Key offerings

• 12.9 Kingbright Electronic Co. Ltd. 
• Exhibit 140: Kingbright Electronic Co. Ltd. - Overview
• Exhibit 141: Kingbright Electronic Co. Ltd. - Product / Service
• Exhibit 142: Kingbright Electronic Co. Ltd. - Key offerings

• 12.10 Kioxia Corp. 
• Exhibit 143: Kioxia Corp. - Overview
• Exhibit 144: Kioxia Corp. - Product / Service
• Exhibit 145: Kioxia Corp. - Key offerings

• 12.11 Lumileds Holding BV 
• Exhibit 146: Lumileds Holding BV - Overview
• Exhibit 147: Lumileds Holding BV - Product / Service
• Exhibit 148: Lumileds Holding BV - Key offerings

• 12.12 Luna Innovations Inc. 
• Exhibit 149: Luna Innovations Inc. - Overview
• Exhibit 150: Luna Innovations Inc. - Product / Service
• Exhibit 151: Luna Innovations Inc. - Key offerings

• 12.13 Marktech Optoelectronics Inc. 
• Exhibit 152: Marktech Optoelectronics Inc. - Overview
• Exhibit 153: Marktech Optoelectronics Inc. - Product / Service
• Exhibit 154: Marktech Optoelectronics Inc. - Key news
• Exhibit 155: Marktech Optoelectronics Inc. - Key offerings

• 12.14 Nichia Corp. 
• Exhibit 156: Nichia Corp. - Overview
• Exhibit 157: Nichia Corp. - Product / Service
• Exhibit 158: Nichia Corp. - Key offerings

• 12.15 ROHM Co. Ltd. 
• Exhibit 159: ROHM Co. Ltd. - Overview
• Exhibit 160: ROHM Co. Ltd. - Business segments
• Exhibit 161: ROHM Co. Ltd. - Key news
• Exhibit 162: ROHM Co. Ltd. - Key offerings
• Exhibit 163: ROHM Co. Ltd. - Segment focus

• 12.16 Vishay Intertechnology Inc. 
• Exhibit 164: Vishay Intertechnology Inc. - Overview
• Exhibit 165: Vishay Intertechnology Inc. - Business segments
• Exhibit 166: Vishay Intertechnology Inc. - Key news
• Exhibit 167: Vishay Intertechnology Inc. - Key offerings
• Exhibit 168: Vishay Intertechnology Inc. - Segment focus

• 12.17 Wolfspeed Inc. 
• Exhibit 169: Wolfspeed Inc. - Overview
• Exhibit 170: Wolfspeed Inc. - Business segments
• Exhibit 171: Wolfspeed Inc. - Key offerings
• Exhibit 172: Wolfspeed Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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