Global Infrared LED Market By Application (Imaging, Lighting, Surveillance, Automotive & Others), By Region (Asia-Pacific, Americas, Europe, and Middle East and Africa) and Competition Forecast and Opportunities, 2010 – 2020. @ http://www.techsciresearch.com/
Global infrared led market by application 2020 brochure
1. M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
Global Infrared LED Market By Application,
By Region and Competition Forecast and
Opportunities, 2010 – 2020
9. I n d u s t r y B r i e f
9
Global Infrared LED Market to Grow at a CAGR of over 9% through 2020
Increasing integration of infrared LEDs in automotive, consumer electronics and other allied industries coupled
with rising investments in infrared LED manufacturing to drive global infrared led market through 2020
According to a TechSci Research report, “Global Infrared LED Market Forecast and Opportunities, 2010 –
2020’’, the global market for infrared LEDs is projected to grow at a CAGR of more than 9% during 2015 -
2020, on account of increasing penetration of these LEDs in allied industries such as automotive, defense,
consumer electronics, etc. In addition, the rising adoption of various electronic devices by consumers is
propelling growth in demand for infrared LEDs across the globe.
Over the past few years, demand for infrared LEDs is being driven by various end user industries such as
imaging, lighting, surveillance, etc., on account of various advantages offered by infrared LEDs such as low
power requirement, low cost and high security benefits. The global LED lighting witnessed rapid growth
during 2010-2014 due to rapid technological advancements and increasing acceptance of these new
technologies across various application segments. Epistar Corporation, Nichia Corporation, Everlight
Electronics Corporation Limited, and High Power Lighting are among the leading infrared LED manufacturing
companies, globally.
“Deployment of LED lighting over traditional lighting has been an important factor propelling growth in global
infrared LED market during 2010 - 2014. Increasing use of infrared LEDs in smartphones for iris recognition is
emerging as a new trend in the global infrared LED market, as these infrared LEDs offer better security
benefits as compared to traditional LEDs. On account of rising security concerns across the globe,
manufacturers are anticipated to further increase their focus on boosting penetration of infrared LEDs in
smart phones and surveillance systems in the coming years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.