Infrared LED Market Definition
Increasing demand for cameras with night vision capabilities and remote sensing in automotive and consumer electronics industry will help to boost global Infrared LED market in the forecasted period. Growing usage of IR sensors in several industries such as aerospace and defense, chemical-mining, oil and gas, and pharmaceutical is a key factor triggered the demand for infrared LED across the world. It delivers night vision ability in military applications to offer effective vision in unclear atmospheric conditions including fog, dust, smoke, and airborne obscurant. It is important in military applications to identify the position of weapon, whether it is being carried in a relaxed pose or from an aggressive viewpoint. The biometrics industry is the growing segment in the infrared LED market. This is attributed to the growing adoption of iris and facial recognition in electronic devices and this leads to extensive elevation toward mobile payment services. The demand for such technologies is increasing across airports, commercial buildings, and other public buildings.
The market study is broken down, by Application (Imaging, Lighting, Surveillance, Biometrics and Optical Sensing) and major geographies with country level splits. According to AMA, the Global Infrared LED market is expected to see growth rate of 15.65%
The global Infrared LED market is highly fragmented, due to the existence of a large number of regional as well as international players around the world. The competition among global and regional players is high due to the fragmented market. Also, It has been analyzing that some large players are losing their market share due to the emergence of new entrants. Research Analyst at AMA estimates that Taiwanish Players will contribute to the maximum growth of Global Infrared LED market throughout the predicted period.
Philips (The Netherlands), Epistar (Taiwan), Nichia (Japan), Everlight Electronics (Taiwan), High power Lighting (Taiwan), Osram (Siemens)(Germany), Lextar (AU Optronics) (Taiwan), Vishay (United States), Epitex (Singapore), Larson Electronics (United States) and On Semiconductor (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Fluke (United States), Excelitas (United States), Lite on (Taiwan), Kingbright (Taiwan), Epileds (Taiwan) and ROHM Semiconductor (Japan).
AdvanceMarketAnalytics has segmented the market of Global Infrared LED market by Type, Application and Region.
On the basis of geography, the market of Infrared LED has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Photodiode Spectral Range, the sub-segment i.e. 700nm – less than 1500nm will boost the Infrared LED market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User Industry, the sub-segment i.e. Consumer Electronics will boost the Infrared LED market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Function, the sub-segment i.e. Emitters will boost the Infrared LED market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. IR LED chip will boost the Infrared LED market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power, the sub-segment i.e. Low will boost the Infrared LED market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 16th March 2018, Philips Lighting, the world leader in lighting, is now offering Light Fidelity (LiFi), a technology in which high quality LED lighting provides a broadband Internet connection through light waves. As the lighting company for the Internet of Things, Philips Lighting is the first global lighting company to offer LiFi-enabled luminaires from its existing office lighting portfolio.
- High Adoption of IR LEDs in Military Applications
- Upsurging Demand from the Surveillance Industry
- Increasing Acceptance of Smart Technologies and Focus of Consumers on Safety and Security
- Huge Demand due to Decreasing Price of IR Receivers
- Rising Usage of IR sensors
- Growing Market for The Lighting Industry
- Growing Popularity of Wearable Devices such as AR/VR
- The Emergence of IoT Enabled Devices
- Absence of Global LED Standardization
- Rising Concern Regarding Infrared Waves at High Power That Can Damage Eyes
Key Target AudienceInfrared LED Manufactures, Infrared LED Suppliers and Distributors, Industry Associations, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
Key Finding and Research ObjectivesThe primary objective is to underline the competitive structure of Infrared LED. The research includes study of several small to medium-sized companies that compete with each other and large enterprises. Identify regional factors impacting production studied at Global scale. Insights on Regulatory & Economic policies by geography giving ease to Market entry. What product features & benefits offered by Industry players studied and broken down by diverse group of customer class.
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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