A solid state lighting device emitting light in the infrared range and used in many applications of consumer electronic devices, automotive industry, and the lighting industry is an infrared LED. IR LEDs are being used with a number of sensors and are therefore heavily used for various IoT as well as Machine-to-machine applications. Highly sharp images provided by the use of Infrared LEDs make it ideal devices to be used in the security & surveillance industry and therefore, increasing integrations for surveillance based applications would be observed in the near future for these devices.
Rising demands of hyperspectral imaging as well as remote sensing to be integrated into the consumer electronic devices is expected to be one of the driving factors for the players in the Infrared LED market. High level of competition and the fragmented nature of the market is certain to impact on the pricing of infrared LEDs and thereby reduce profitability for the companies, which is one hindrance factor for its future growth. The rise in the construction of smart homes, smart factories, smart buildings, and smart offices is anticipated to provide large opportunities for the players operating in the Infrared LED market.
The "Global Infrared LED Market Analysis to 2028" is a specialized and in-depth study of the Infrared LED industry with a focus on the global market trend. The report aims to provide an overview of global Infrared LED market with detailed market segmentation by spectral range, application, end-use, and geography. The global Infrared LED market is expected to witness steady growth during the forecast period. The report provides key statistics on the market status of the leading market players operating in the Infrared LED market and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Infrared LED market based on spectral range, application, and end-use. It also provides market size and forecast till 2028 for overall Infrared LED market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region for Infrared LED market.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Infrared LED market in these regions.
Also, key Infrared LED market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information for the last 3 years, the key development in the past five years. Some of the key players influencing the market are Epileds, Epistar, Everlight Electronics, Nichia, and Vishay Intertechnology. Also, OSRAM Opto Semiconductors, Kinbright Electronics, High Power Lighting, Lextar Electronics, and Excelitas Technologies are few other important players in the Infrared LED market.