According to Future Market Insights, the market for infrared (IR) LEDs market revenue totaled US$ 510 million in 2022. The market is expected to grow at a CAGR of 15% reaching a value of 2,290 million in 2033. Several security cameras use infrared LEDs as a method of capturing images in both daylight and the dark. The wavelengths of infrared light were long ago discovered to be invisible to the human eye, but they can be detected by anyone who produces heat, such as a warm human body or the exhaust of a motor vehicle. Compared with night vision goggles that will only detect infrared light with no ability to emit it, the advantage infrared cameras have is that they can both detect and emit infrared light depending on the ambient light available, as compared to infrared cameras that emit and detect both.
Cameras that use infrared technology usually have a sensor system that monitors the level of light in the area in which they are recording the images. Thereby, the sensor will determine the amount of infrared light that is required to illuminate the image based on the amount of natural sunlight in the room, and the infrared LEDs will appear accordingly as the light level drops. In order to view the image in 100 percent IR light, the strength of the IR LED strips is gradually increased until it is completely dark outside.
Using Infrared LED light can be helpful in improving the appearance and health of your skin. In addition, they are also effective in treating common skin problems such as wrinkles, acne, and other skin issues. A different type of infrared light is used to stimulate collagen synthesis, resulting in a tighter, younger appearance of the skin. It reduces inflammation and redness as well as the appearance of discoloration and discoloration caused by the degeneration of the blood vessels. Aside from killing bacteria in the skin, using infrared LED light reduces acne breakouts by helping to kill bacteria in the skin.
Quantum dot infrared photodetectors (QDIPs) and Type-II superlattices will be the major technologies at the heart of future infrared sensors. Additionally, in future IR sensor technologies, photodetectors will be integrated with algorithms that will be both highly effective and automatically generated. Researchers are also working on developing IR arrays with each pixel capable of detecting the entire IR spectrum. Bio-inspired sensing has the potential to assist in the development of IR retinas that produce full IR images.
Remote controls for home appliances and infrared signaling systems are widely used with LEDs. Cameras have increasingly used infrared LEDs for supplemental lighting in recent years due to increased demand. As crime and terrorism threaten the world more and more, security systems employing surveillance cameras have become more prevalent. The installation of these security systems is rapidly increasing throughout the world, including in Japan, a frequent host of international events. Lighting for surveillance cameras is increasingly being supplemented by the use of infrared LEDs in order to provide better illumination.
To film with an image sensor in the dark, lighting is necessary, but security considerations prevent illumination inside the vehicle. It is therefore ideal to use infrared LEDs as a light source. It is becoming increasingly commonplace for traffic monitoring systems to be used in a variety of settings, including parking lots, schools, hospitals, and more. Despite the widespread use of traffic monitoring in present-day society, many people do not realize how infrared LED traffic monitoring systems can provide a host of benefits. LEDs that emit infrared light plays an important role in the field of traffic monitoring. Unlike traditional headlights, infrared headlights emit light that is completely invisible to drivers. Aside from those mentioned earlier about why infrared LED lights would be an excellent choice for monitoring traffic, there are also several other reasons why they would be an excellent choice.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | US$ 510 million |
| Expected Market Value (2023) | US$ 566.1 million |
| Anticipated Forecast Value (2033) | US$ 2,290 million |
| Projected Growth Rate (2023 to 2033) | 15% CAGR |
Infrared (IR) LEDs are made of gallium, arsenide or aluminum gallium arsenide. Infrared (IR) LEDs are next generation lighting technology that is more flexible and efficient in terms of colors, form factor and power consumption as compared to conventional incandescent light products.
The Infrared (IR) LEDs are used for a wide range of applications in several electronics products including types of remote controls for television and other types of electronic sensors. Infrared (IR) LEDs offers different features such as high driven current density operation, low power consumption (≤0.1 W), multiple package configurations, and modulation from DC to VHF, low thermal resistance, and high long-term stability.
The reliability of such features drives the Infrared (IR) LEDs market growth. Infrared (IR) LEDs are specially designed for a variety of applications such as iris and face recognition, surveillance systems, night vision & machine vision, medical and scientific instrumentation.
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Drivers
The growing demand for IR LED packages for use in security cameras and access control, is expected to create a huge opportunity for the global Infrared (IR) LEDs market. The increasing need for Infrared (IR) LEDs in automotive sensing and license plate scanning applications, is driving the growth of Infrared (IR) LEDs market.
The emerging technology trends such as IoT, automated driving assistance system, augmented reality, and artificial intelligence would also have a positive impact on the Infrared (IR) LEDs product demand. The use of IR technologies and innovative features in the automobiles for improving the driving efficacy, safety, and comfort is poised to propel the demand for infrared LED market during the forecast period.
However, the production challenges due to lockdown restrictions laid by the government amid the COVID-19 crises, would impact the growth of infrared (IR) LEDs market, for a short period of time. Moreover, lack of awareness about economic benefits of Infrared (IR) LEDs products is one of the factors constraining the growth of the market, especially in developing regions.
Some of the prominent players providing infrared (IR) LEDs are -
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By geography, the infrared (IR) LEDs market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and MEA (the Middle East & Africa). Among these regions, North America, East Asia and Europe are expected to dominate the global Infrared (IR) LEDs market due to the increasing demand for IR LED in automotive industry application such as electric vehicles, connected cars, and self-driving cars, in this region.
The increasing requirement of CCTV cameras across the South Asia & Pacific region will create new growth opportunities for the players in the infrared (IR) LED market. The infrared (IR) LEDs market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The infrared (IR) LEDs market report also maps the qualitative impact of various market factors on market segments and geographies.
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The infrared (IR) LEDs market has been segmented by component, industry and region.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Component 6.2. Industry 7. Global Market Analysis and Forecast, By Component 7.1. IR LED Chip 7.2. IR LED Package 8. Global Market Analysis and Forecast, By Industry 8.1. Telecommunication 8.2. Automotive 8.3. Retail 8.4. Healthcare 8.5. Consumer Electronics 8.6. Others 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia & Pacific 9.6. Middle East and Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 16. Sales Forecast by Component and Industry for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. Luminus, Inc. 18.2. Epistar Corp. 18.3. OsRam Licht AG 18.4. Ushio, Inc. 18.5. Lumileds Holding B.V. 18.6. Rohm Semiconductor
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Infrared (IR) LEDs Market
