Infrared LED Market - Trends Forecast Till 2028

Market Overview

The Infrared LED Market size is projected to reach a CAGR of 15.30% from 2022 to 2028.

Infrared (IR) LEDs are the transmitters which radiate IR beams at a more drawn-out wavelength than obvious light. These gadgets are comprised of aluminum arsenide or aluminum gallium arsenide and have a working voltage of around 1.4V. The IR LED emanates wavelength at the scope of 760 nm and is hence undetectable to the human eye. Expanding installation of 6-inch sapphire wafer substrate is picking up noticeable quality as the 6-inch wafer lessens the expense of LEDs when contrasted with 2-inch wafers. The 6-inch wafers make the creation more effective as there is no space squandered and edge misfortunes are lessened.

Increasing demand from the surveillance sector, increased usage of IR sensors in several industries, high security demand, favorable government regulations, increasing integration of automotive electronics and advance vehicle systems are some of the factors that have supported long-term expansion for Infrared LED Market.

Regional Analysis

North America is projected to be the largest regional share of the Infrared LED Market during the forecast period.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• EPILEDS TECHNOLOGIES INC.
• EPISTAR Corporation
• Koninklijke Philips N.V.
• TE Connectivity
• Luna
• Marktech Optoelectronics
• Everlight Electronics Co. Ltd
• Excelitas Technologies Corp.
• High Power Lighting Corporation
• Lextar Electronics Corporation
• ROHM Co. Ltd

Recent Developments

• December 13, 2021-Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the completion of 1000 active Cath lab (interventional suite) installations in India. Over the last quarter, the company has installed its state-of-the-art Azurion cath labs at major sites across the country including Fortis, Apollo, Aster, Manipal, NH and Jayadeva Institute of Cardiovascular Sciences and Research Hospitals.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Infrared LED Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope