Infrared Light-emitting Diode Market Size, Share, Growth, and Industry Analysis by Type (Gallium Arsenide LED and Aluminium Gallium Arsenide LED) By Application (Surveillance, Consumer Electronics, Automotive and Others) Regional Forecast From 2025 To 2033

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INFRARED LIGHT-EMITTING DIODE MARKET REPORT OVERVIEW

The global Infrared Light-emitting Diode Market size is USD 0.55 billion in 2024 and is expected to reach USD 1.33 billion by 2033, growing at a compound annual growth rate (CAGR) of about 10.2% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre- pandemic levels once the pandemic is over.

The infrared light-emitting diode market is a growing segment within the larger LED industry. IR LEDs emit light in the infrared spectrum, typically ranging from 700 nanometers to 1 millimeter in wavelength. These devices are commonly used in a variety of applications such as remote controls, security cameras, and sensing technologies.

Moreover, the emergence of new applications such as facial recognition, gesture control, and virtual reality has also contributed to the growth of the IR LED market. Additionally, the growing demand for infrared light-emitting diode in healthcare and aerospace industries is expected to fuel the growth of the market.

COVID-19 IMPACT

"Decreased Demand to Challenge the Market Demands"

The pandemic has caused disruptions in the global supply chain, which has affected the production and delivery of infrared light-emitting diode. Many manufacturers have faced difficulties in sourcing raw materials and components, and in transporting finished products. The pandemic has also led to a decrease in demand for infrared light-emitting diode, as many industries that use them have been affected by the economic downturn. For example, the automotive industry, which is a major user of infrared light-emitting diode for sensors and lighting, has seen a significant decline in sales.

However, there has also been an increase in demand for infrared light-emitting diode for healthcare applications, such as temperature sensing and medical imaging. This has partially offset the decrease in demand from other industries.

LATEST TRENDS

"Increased Demand for IR LEDs to Boost the Market Growth"

Infrared Light-emitting Diode market was expected to grow due to the increasing demand for IR LEDs in various applications such as remote controls, security cameras, and facial recognition technology. Additionally, the rising adoption of infrared light-emitting diode in automotive applications, such as driver monitoring systems and autonomous vehicles, was also expected to drive market growth. Moreover, advancements in infrared light-emitting diode technology, such as the development of high-power infrared light-emitting diode, were also expected to fuel market growth. The increasing popularity of wearables and smart homes was also expected to contribute to the growth of the infrared light-emitting diode market.

Overall, the IR LED market was expected to experience significant growth in the coming years, driven by the increasing adoption of infrared light-emitting diode in various applications and the continuous development of new technologies.

INFRARED LIGHT-EMITTING DIODE MARKET SEGMENTATION

By Type Analysis

By type, market is segmented into gallium arsenide led and aluminum gallium arsenide LED. The gallium arsenide led type segment will dominate the market in the coming years.

By Application Analysis

Based on applications, the market is classified into surveillance, consumer electronics, automotive and others. The surveillance segment will lead the global share through 2032.

DRIVING FACTORS

"Growing Adoption of Automation and Robotics to Augment the Market"

Growing demand for consumer electronics: With the rising demand for smartphones, tablets, laptops, and other consumer electronics, there is a significant demand for infrared LEDs to enable features like facial recognition, eye tracking, and other applications. Infrared light-emitting diode are widely used in security and surveillance systems, such as cameras and sensors, to enable night vision and thermal imaging capabilities. Infrared light-emitting diode are also used in automation and robotics applications to detect objects and obstacles and enable precise positioning and control.

"Advancements in Technology and Environmental Concerns to Push the Market Growth"

Emergence of new applications: The increasing use of infrared LEDs in medical devices, automotive systems, and other emerging applications is driving the growth of the market. The development of new materials and manufacturing techniques has led to the production of more efficient and cost-effective infrared LEDs, which is driving their adoption in various applications. Infrared LEDs are more energy-efficient and have a longer lifespan than traditional lighting sources, making them a more environmentally friendly option. This is driving the adoption of infrared LEDs in various applications, including lighting and automotive systems.

RESTRAINING FACTORS

"High Initial Cost and Limited Awareness to Hinder the Market Growth "

Infrared light-emitting diode technology is still relatively new and may be expensive to implement. This could limit the adoption of this technology by certain industries or companies, particularly those with limited budgets. Many people are still unaware of the benefits and applications of infrared light-emitting diode. This could limit its adoption and use, particularly in industries that are not familiar with this technology. There are several other technologies available that can perform similar functions to infrared LED technology. These include laser diodes, incandescent bulbs, and fluorescent bulbs. This competition could limit the growth of the infrared LED market. The use of infrared light-emitting diode technology may be subject to regulations and certifications in certain industries, which could make it difficult for companies to adopt this technology.

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INFRARED LIGHT-EMITTING DIODE MARKET REGIONAL INSIGHTS

"Asia Pacific Market to Grow Exponentially with the Forecasted Period"

The Asia-Pacific region is expected to witness significant growth in the infrared light-emitting diode market due to the increasing adoption of these LEDs in various applications, such as mobile devices, wearables, and home appliances. The growing demand for consumer electronics and the increasing focus on energy-efficient lighting solutions are driving the growth of the market in the region.

North America is one of the leading markets for infrared light-emitting diode due to the presence of several key players in the region. The increasing adoption of infrared light-emitting diode in various applications, such as security cameras and sensing devices, is driving the growth of the market in the region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Top Infrared Light-emitting Diode Companies

• Epileds (China)
• Epistar (Cina)
• Everlight (China)
• Nichia (Japan)
• Osram Opto Semiconductors (Germany)
• Vishay Intertechnology (U.S.)
• Cree (U.S.)
• High Power Lighting (China)
• Lextar Electronics (China)
• Lite-On Technology (China)
• Lumileds (U.S.)
• Mls Electronics (China)
• Toyoda Gosei (Japan)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.