Product Overview

Infrared light-emitting diode refers to an SSL (solid-state lighting) mechanism that emits light in the electromagnetic radiation spectrum's infrared range. Instead of electric filaments, plasma and steam, the SSL mechanism utilises semiconductor illumination sources such as LEDs, PLEDs (Polymer Light-Emitting Diodes), and OLEDs (Organic Light-Emitting Diodes). IR LEDs are similar to a normal LED, but it is not possible to detect radiation from IR LEDs with the human eye. In addition, these LEDs allow inexpensive and efficient infrared light production and are widely used in various consumer electronics products, such as television remote controls and infrared cameras. By using aluminium gallium or arsenide gallium arsenide, IR LEDs are typically made. The IR LED illumination is the same as a regular LED. It is typically used to maintain wireless communication between two or more two devices in combination with the IR receiver.

Market Highlights

Global Infrared LED Market is expected to project a notable CAGR in 2030.

Global Infrared LED Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The rising trend for smart homes and smart offices in various developing nations has provided opportunities for the IR LED market players. The IR technology is experiencing a rising implementation in smart homes for remote control of TVs, music systems, and lightings, driving the market growth. Many macroeconomic factors such as rising per capita income, growing economy, employment rate, and rapid rate of industrialization and urbanization are driving the global infrared lighting module market.

Global Infrared LED Market: Segments

850nm-950nm Segment to grow with the highest CAGR during 2019-30

Global Infrared LED Market is segmented by Spectral Range into 700nm-850nm, 850nm-940nm, 940nm-1020nm, and 1020nm-1720nm. The greater market share in 2018 was accounted for by 850nm-950nm segment and is expected to see the highest growth during the forecast period. The growth is mainly due to its growing adoption for night vision, gesture recognition, among others, in the automotive industry. In developing countries, growing concern about road safety has led many car manufacturers to deploy advanced electronic systems in vehicles. This will improve the integration of 950nm-1,020 nm infrared LEDs and have a positive influence on the market demand.

Biometric Segment to grow with the highest CAGR during 2019-30

Global Infrared LED Market is segmented by application into Application into Biometrics, Imaging, Lighting, Remote Sensing, and Surveillance. The greater market share in 2018 was accounted for by the biometric segment and the trend is estimated to continue over the forecast period. The increasing implementation of face recognition and iris recognition biometrics in smartphones and security systems creates high opportunities for infrared LEDs to expand. The deployment of biometric applications has been increased by the growing acceptance of digital banking and mobile payment services. These LEDs provide customers with high reliability and safety authentication to conduct digital transactions, creating high growth opportunities over the coming years.

Global Infrared LED Market: Market Dynamics

Drivers

Huge increase in the adoption of security cameras

IR receivers and IR LEDs will operate together as IR sensors, which also notes that the overall price of such shaped sensors would be influenced by the increase or decrease in the individual prices of IR receivers and IR LEDs. In the recent past, the price of IR receivers has decreased, which has subsequently increased the market for general IR sensors, including IR LEDs. Increased use of IR sensors in many industries, including aerospace and defence, oil and gas, chemical-mining, and pharmaceutical, is a key factor accelerating the global demand for IR LEDs. The market for photodiodes and phototransistors is expected to report substantial growth over the next few years, with the growing acceptance of sensor-based technologies in the automotive sector, resulting in higher demand for IR LEDs.

Growing demand in consumer electronic devices

The growth of the global market for infrared lighting modules is driven by the rising market for consumer electronics and the increasing demand for infrared lighting modules in industries such as bio-suppliers, electronics, automobiles, and other equipment. The benefits of the infrared lighting module include easy implementation of the design, relatively low power requirements, few international regulatory restrictions, high noise immunity, and higher safety fueling the demand over the forecast period for the global market for infrared lighting module.

Restrain

High implementation and maintenance cost of structured products

Some of the drawbacks can obstruct transmissions, such as low speed than standard RF and wired transmission, weather and light-sensitive, short-range, materials such as plants, walls, people, and other objects, and line of sight leads to restricting the worldwide market for infrared lighting modules. However, as the demand for sensors in smartphones and tablets is experiencing saturation, the IR Driven demand is also observing minor saturation, in terms of advanced technologies & designs, which is expected to restrict the market growth.

Global Infrared LED Market: Key Players

NICHIA CORPORATION

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

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

Global Infrared LED Market: Regions

Global Infrared LED Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Infrared LED Market in Asia Pacific held the largest market share of XX.X% in the year 2018 and the market growth can be majorly credited to the rising consumer electronics sector in countries such as China, India, South Korea, and Taiwan. Some of the factors driving the consumer electronics market are changing consumer lifestyles and growing demand for more advanced electronics.

Competitive Landscape:

The Global Infrared LED market, which is highly competitive, consists of several major players such as NICHIA CORPORATION, Kingbright Electronic Co., Ltd. hold a substantial market share in the Global Infrared LED market. Other players analyzed in this report are 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, among others

Recently, various developments have been taking place in the market. For instance, For instance, in June 2017, Osram launched the smallest side-looking infrared LED which has a wavelength of 850 nm which is used for eye tracking applications in virtual reality (VR) and augmented reality (AR) headsets. Both AR and VR systems react to the eye and head movement making the infrared LED the critical component of the headset designs.

Global Infrared LED Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Infrared LED Market report also contains analysis on:

Global Infrared LED Market Segments:

By Spectral Range:

700nm-850nm

850nm-950nm

950nm-1020nm

1020nm-1720nm

By Application:

Biometrics

Imaging

Lighting

Remote sensing

Surveillance

By Sector:

Aerospace & defense

Automotive

BFSI

Consumer electronics

Education

Healthcare

Industrial

Retail

Infrared LED Market Dynamics

Infrared LED Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

Executive Summary

Global Infrared LED Market

Product Overview

Market Definition

Segmentation

Assumptions and Acronyms

Research Methodology

Research Objectives

Primary Research

Secondary Research

Forecast Model

Market Size Estimation

Average Pricing Analysis

Macro-Economic Indicators

Market Dynamics

Growth Drivers

Restraints

Opportunity

Trends

Correlation & Regression Analysis

Correlation Matrix

Regression Matrix

Recent Development, Policies & Regulatory Landscape

Risk Analysis

Demand Risk Analysis

Supply Risk Analysis

Global Infrared LED Market Analysis

Porters Five Forces

Threat of New Entrants

Bargaining Power of Suppliers

Threat of Substitutes

Rivalry

PEST Analysis

Political

Economic

Social

Technological

Global Infrared LED Market

Market Size & forecast, 2019A-2030F

By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Global Infrared LED Market: Market Segmentation

By Regions

North America:(U.S. and Canada) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Europe: (Brazil, Mexico, Argentina, Rest of Latin America) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Asia-Pacific: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

LATAM: (Brazil, South Africa, Saudi Arabia, U.A.E. and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

MEA: (Brazil, South Africa, Saudi Arabia, U.A.E. and Other Countries) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

By Product: Market Share (2020-2030F)

Neurostimulation & Neuromodulation Devices, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Biomaterials, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

By Spectral Range: Market Share (2020-2030F)

700nm-850nm, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

850nm-950nm, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

950nm-1020nm, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

1020nm-1720nm, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

By Application: Market Share (2020-2030F)

Biometrics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Imaging, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Lighting, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Remote sensing, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Surveillance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

By Sector: Market Share (2020-2030F)

Aerospace & defense, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Automotive, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

BFSI, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Consumer electronics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Education, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Healthcare, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Industrial, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Retail, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

Company Profile

Kingbright Electronic Co., Ltd.

Company Overview

Company Total Revenue (Financials)

Market Potential

Global Presence

Key Performance Indicators

SWOT Analysis

Product Launch

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

Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)