IR LED Market

The global IR LED market was valued at 417.13 Million USD in 2021 and will grow with a CAGR of 8.59% from 2021 to 2027, based on Research newly published report.
The prime objective of IR LED Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, IR LED Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Infrared rays are electromagnetic radiations in the nonvisible spectrum of white light, which range from 1300 to 1700 nm. Infrared light emitting diode (IR LED) is a solid-state lighting (SSL) device, which emits light in the infrared range. It spreads the light on a vast area rather than concentrating it or in other words IR LED`s have a wide field of view. These LED`s find their extensive use in security and surveillance cameras, along with automated driving vehicles. The IR LED market is gaining popularity in remote-controlled advanced security cameras, which help to keep a surveillance check, especially on the consumer goods in retail sector. Each of these cameras consists of multiple rings of IR LEDs to provide night vision capabilities, thus there could be from 20 to 40 IR LEDs sold with each camera. However, as the market for sensors in smartphones and tablets is witnessing saturation, the IR LED market is also observing slight saturation, in terms of advanced technologies & designs, which is expected to restrain the market growth.
By Market Verdors:

• 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

By Types:

• IR LED Chip
• IR LED Package

By Applications:

• Optical Sensing
• Automated Drive Systems
• Security & Surveillance

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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