Driven by such developments, GMI, Inc., reports that the infrared LED market is expected to witness substantial growth by 2026. Ongoing technological advancements in the lighting industry along with robust demand for durable LEDs in the automotive sector could generate new growth strides in infrared LED industry over time. Infrared LED are mostly used in combination with different types of sensors to drive applications across diverse industries.

These LEDs are now commonly being adopted in IoT applications and machine-to-machine environments. Smoke detectors, infrared applied systems, industrial equipment, remote control devices, optoelectronic switch, and transmission systems are some other application areas where infrared LED market have gained prominence.

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Generally, these LED is are designed to transmit infrared rays which are invisible to human eyes. These rays do not fall under the human visible electromagnetic radiation range. Infrared light emitting diode gives out infrared rays that generally range from 700nm to 1mm wavelength. Different infrared LEDs often create different wavelengths of infrared light, just like LEDs that tend to emit light of other colors. IR LEDs which are used in TV remote controls, cameras and electronic devices are made up of gallium arsenide or aluminum arsenide. They are mostly used as infrared sensors as they are a grouping of IR transmitter and IR receiver.

Companies operating in the infrared LED market are working on advanced products. For instance, in 2020, key market player Osram introduced its new, ultra-compact infrared LED that enables gesture control in car interiors.

Mentioned below are some of the key trends that may propel infrared LED market outlook:

Increasing adoption of 1020nm-1720nm spectral range

There is high demand for infrared LEDs of the 1020nm-1720nm spectral range. Reports have it that the 1020nm-1720nm spectral range IR LED market was valued over 5% in 2019. This can be attributed to increasing usage in high power applications such as security, biomedical and surveillance.

Numerous companies are trying to incorporate LED and laser technology to improve production capabilities across manufacturing facilities. Highlighting one such instance, in 2020, Osram and partners are working on a project that aims on developing highly efficient IR laser bars with remarkable output powers. The technology is expected to be utilized in industrial materials processing and will effectively set a new standard, with efficiency of about 70% at 1000 nm and 1020 nm wavelengths.

Growing application in remote sensing

Lighting, remote sensing, imaging, surveillance, and biometrics are some of the major application areas of infrared LED. Among these, the remote sensing application has gain considerable momentum in recent years. Reportedly, in 2019, the remote sensing application held a market share of around 10%. Apart from this, surging use of infrared LED lightning systems in the automotive sector could underpin sizable growth opportunities for IR LED manufacturers and suppliers overtime.

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Robust demand in the industrial sector

Infrared LED market is used in several end-use sectors including retail, aerospace & defense, industrial, BFSI, automotive, education, consumer electronics, and healthcare. Product demand in the industrial sector was accounted for more than 15% market share in 2019. Rising adoption of surveillance and CCTV cameras in manufacturing processes is slated to be the key contributor for this growth.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology and Scope

1.1.  Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definition and forecast parameters

1.1.4.1.    Definitions

1.1.4.2.    Assumptions, methodology and forecast parameters

1.2.  Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2.   Executive Summary

2.1.  Infrared LED market 360⁰ synopsis, 2016 - 2026

2.1.1. Business trends

2.1.2. Spectral range trends

2.1.3. Application trends

2.1.4. End-use trends

2.1.5. Regional trends

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