Us Infrared (IR) LED Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Infrared (IR) LED Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.6 Billion by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
The United States Infrared (IR) LED market is experiencing significant growth, driven by advancements in technology and increasing applications across various sectors. As of 2023, the global IR LED market was valued at over USD 790 million and is projected to grow at a compound annual growth rate (CAGR) of over 15% between 2024 and 2032. This surge is largely attributed to the rising adoption of IR LEDs in healthcare devices, smart home appliances, and surveillance systems.
In the healthcare sector, IR LEDs are revolutionizing non-invasive medical treatments. For instance, low-level infrared light therapy has been found to significantly increase hyaluronic acid and elastin production in human skin cells, promoting better skin health and rejuvenation. This application underscores the potential of IR LEDs in enhancing medical and cosmetic procedures.
The consumer electronics industry is also a major contributor to the IR LED market's expansion. IR LEDs are integral components in devices such as remote controls, biometric systems, and facial recognition technologies. The increasing demand for advanced security features in smartphones and other gadgets has propelled the integration of IR LEDs, offering users enhanced security and convenience.
Automotive applications present another promising avenue for IR LED utilization. Modern vehicles are increasingly equipped with advanced driver assistance systems (ADAS) that rely on IR LEDs for functions like night vision and proximity sensing. These features not only enhance driver safety but also contribute to the overall driving experience.
Moreover, the integration of IR LEDs in smart home devices has gained momentum. From motion sensors to security cameras, IR LEDs enable efficient and reliable operation of home automation systems, providing homeowners with enhanced security and energy efficiency.
In terms of regional growth, North America, particularly the U.S., holds a significant share of the IR LED market. This dominance is due to the high adoption rate of advanced technologies and the presence of key market players in the region. The U.S. market alone was estimated at USD 146.3 million in 2023, reflecting the country's robust demand for IR LED applications.
As industries continue to innovate and explore new applications for infrared technology, the U.S. IR LED market is poised for sustained growth. The convergence of healthcare advancements, consumer electronics evolution, automotive innovations, and smart home integrations underscores the versatile and expanding role of IR LEDs in modern technology.
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Epistar
EVERLIGHT
Vishay Intertechnology
Raytekoration
Lite-On Technology
Osram
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Infrared (IR) LED Market
Standard IR LEDs
High-Power IR LEDs
Low-Power IR LEDs
Broadband IR LEDs
Near-Infrared (NIR) LEDs
Mid-Infrared (MIR) LEDs
Far-Infrared (FIR) LEDs
Consumer Electronics
Healthcare
Automotive
Industrial Applications
Through-Hole IR LEDs
Surface Mount Device (SMD) IR LEDs
Chip-on-Board (CoB) IR LEDs
Consumer Electronics
Healthcare
Automotive
Industrial Manufacturing
Telecommunications
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Infrared (IR) LED Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Infrared (IR) LED Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Infrared (IR) LED Market, By Type
6. Global Infrared (IR) LED Market, By Application
7. Global Infrared (IR) LED Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Infrared (IR) LED Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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