Product Code: ETC13338636 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global IR LED Market was valued at USD 5 Billion in 2024 and is expected to reach USD 7.27 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The global IR LED market is witnessing steady growth driven by the increasing demand for infrared technology in various applications such as surveillance systems, automotive sensors, consumer electronics, and healthcare. The adoption of IR LEDs is rising due to their energy efficiency, compact size, and longer lifespan compared to traditional lighting solutions. The market is further propelled by the growing use of IR LEDs in facial recognition systems, virtual reality devices, and industrial automation. Technological advancements in IR LED technology, such as the development of high-power and high-efficiency IR LEDs, are also contributing to market expansion. Key players in the global IR LED market include OSRAM Opto Semiconductors, Vishay Intertechnology, Epistar Corporation, and Everlight Electronics Co., Ltd. The market is expected to continue its growth trajectory due to the increasing integration of IR LEDs in various end-use industries.
The Global IR LED market is experiencing growth driven by increasing demand for IR LEDs in various applications such as surveillance systems, automotive night vision cameras, facial recognition technology, and consumer electronics. Infrared LEDs are also being increasingly used in healthcare devices for applications like pulse oximeters and blood glucose monitors. The market is witnessing opportunities for growth in the automotive sector with the rising adoption of advanced driver-assistance systems (ADAS) and autonomous vehicles which rely on IR LEDs for night vision capabilities. Additionally, the growing popularity of virtual reality (VR) and augmented reality (AR) technologies is creating opportunities for IR LEDs in the gaming and entertainment industry. Overall, the Global IR LED market is expected to continue its upward trajectory fueled by technological advancements and increasing applications across various industries.
The Global IR LED market faces challenges such as increasing competition from traditional IR sources like incandescent and halogen lamps, as well as emerging technologies like VCSELs. Additionally, the market is impacted by fluctuating raw material prices, regulatory uncertainties, and rapid technological advancements leading to shorter product life cycles. Market fragmentation and the presence of numerous players offering similar products further intensify competition and pricing pressures. Integration issues with existing systems and the need for customized solutions for specific applications also pose challenges for IR LED manufacturers. Furthermore, the market faces obstacles related to counterfeit products, intellectual property protection, and ensuring consistent quality and performance standards across various end-user industries like automotive, consumer electronics, security, and healthcare.
The global IR LED market is being primarily driven by the increasing demand for IR LEDs in various applications such as surveillance systems, automotive electronics, consumer electronics, healthcare devices, and industrial automation. The growing adoption of IR LEDs for facial recognition technology, night vision cameras, gesture recognition systems, and proximity sensors is also fueling market growth. Additionally, advancements in IR LED technology, such as improved efficiency, longer lifespan, and lower power consumption, are further contributing to the market expansion. Furthermore, the rising investments in research and development activities to enhance the performance and functionality of IR LEDs are expected to drive market growth in the coming years.
Government policies related to the Global IR LED Market vary by country and region. Some governments offer incentives and subsidies to promote the adoption of energy-efficient lighting technologies, including IR LEDs, as part of their efforts to reduce carbon emissions and achieve sustainability goals. Additionally, regulations and standards related to energy efficiency and product quality can impact the market by influencing manufacturing practices and consumer preferences. For example, in the European Union, the RoHS directive restricts the use of certain hazardous substances in electronic products, including IR LEDs. Governments may also implement trade policies and tariffs that affect the import and export of IR LEDs, potentially impacting market dynamics. Overall, government policies play a significant role in shaping the development and growth of the Global IR LED Market.
The Global IR LED market is expected to witness steady growth in the coming years, driven by increasing demand across various industries such as consumer electronics, automotive, healthcare, and security systems. The rising adoption of IR LEDs in applications like surveillance cameras, facial recognition technology, night vision devices, and proximity sensors is projected to fuel market expansion. Moreover, advancements in technology leading to enhanced performance, efficiency, and cost-effectiveness of IR LEDs are anticipated to further propel market growth. With the growing trend towards automation, smart devices, and IoT, the demand for IR LEDs is likely to continue rising, creating opportunities for market players to innovate and develop new products to cater to evolving industry needs. Additionally, the increasing focus on sustainability and energy efficiency is expected to drive the adoption of IR LEDs in the coming years.
The Asia Pacific region dominates the global IR LED market due to the presence of key manufacturers in countries like China, Japan, and South Korea. North America follows closely behind, driven by high demand for IR LEDs in applications such as surveillance and automotive. Europe is also a significant market, with growing adoption of IR LEDs in security systems and consumer electronics. The Middle East and Africa region shows potential for growth, particularly in the security and defense sectors. Latin America is gradually catching up, with increasing deployment of IR LEDs in industrial automation and smart lighting applications. Overall, the global IR LED market is witnessing steady growth across all regions, driven by advancements in technology and increasing awareness about the benefits of IR LEDs in various industries.
Global IR LED Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global IR LED Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global IR LED Market Revenues & Volume, 2021 & 2031F |
3.3 Global IR LED Market - Industry Life Cycle |
3.4 Global IR LED Market - Porter's Five Forces |
3.5 Global IR LED Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global IR LED Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Global IR LED Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Global IR LED Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global IR LED Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Global IR LED Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global IR LED Market Trends |
6 Global IR LED Market, 2021 - 2031 |
6.1 Global IR LED Market, Revenues & Volume, By Application, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global IR LED Market, Revenues & Volume, By Surveillance, 2021 - 2031 |
6.1.3 Global IR LED Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
6.1.4 Global IR LED Market, Revenues & Volume, By Automotive Sensors, 2021 - 2031 |
6.1.5 Global IR LED Market, Revenues & Volume, By Medical Diagnostics, 2021 - 2031 |
6.1.6 Global IR LED Market, Revenues & Volume, By Consumer Electronics, 2021 - 2031 |
6.2 Global IR LED Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global IR LED Market, Revenues & Volume, By Near IR LEDs, 2021 - 2031 |
6.2.3 Global IR LED Market, Revenues & Volume, By Mid IR LEDs, 2021 - 2031 |
6.2.4 Global IR LED Market, Revenues & Volume, By Far IR LEDs, 2021 - 2031 |
6.3 Global IR LED Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global IR LED Market, Revenues & Volume, By Security & Defense, 2021 - 2031 |
6.3.3 Global IR LED Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.3.4 Global IR LED Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.5 Global IR LED Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.4 Global IR LED Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global IR LED Market, Revenues & Volume, By Surface-Mounted LEDs, 2021 - 2031 |
6.4.3 Global IR LED Market, Revenues & Volume, By Through-Hole LEDs, 2021 - 2031 |
7 North America IR LED Market, Overview & Analysis |
7.1 North America IR LED Market Revenues & Volume, 2021 - 2031 |
7.2 North America IR LED Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) IR LED Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada IR LED Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America IR LED Market, Revenues & Volume, 2021 - 2031 |
7.3 North America IR LED Market, Revenues & Volume, By Application, 2021 - 2031 |
7.4 North America IR LED Market, Revenues & Volume, By Type, 2021 - 2031 |
7.5 North America IR LED Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America IR LED Market, Revenues & Volume, By Technology, 2021 - 2031 |
8 Latin America (LATAM) IR LED Market, Overview & Analysis |
8.1 Latin America (LATAM) IR LED Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) IR LED Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil IR LED Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico IR LED Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina IR LED Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM IR LED Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) IR LED Market, Revenues & Volume, By Application, 2021 - 2031 |
8.4 Latin America (LATAM) IR LED Market, Revenues & Volume, By Type, 2021 - 2031 |
8.5 Latin America (LATAM) IR LED Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) IR LED Market, Revenues & Volume, By Technology, 2021 - 2031 |
9 Asia IR LED Market, Overview & Analysis |
9.1 Asia IR LED Market Revenues & Volume, 2021 - 2031 |
9.2 Asia IR LED Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India IR LED Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China IR LED Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan IR LED Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia IR LED Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia IR LED Market, Revenues & Volume, By Application, 2021 - 2031 |
9.4 Asia IR LED Market, Revenues & Volume, By Type, 2021 - 2031 |
9.5 Asia IR LED Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia IR LED Market, Revenues & Volume, By Technology, 2021 - 2031 |
10 Africa IR LED Market, Overview & Analysis |
10.1 Africa IR LED Market Revenues & Volume, 2021 - 2031 |
10.2 Africa IR LED Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa IR LED Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt IR LED Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria IR LED Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa IR LED Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa IR LED Market, Revenues & Volume, By Application, 2021 - 2031 |
10.4 Africa IR LED Market, Revenues & Volume, By Type, 2021 - 2031 |
10.5 Africa IR LED Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa IR LED Market, Revenues & Volume, By Technology, 2021 - 2031 |
11 Europe IR LED Market, Overview & Analysis |
11.1 Europe IR LED Market Revenues & Volume, 2021 - 2031 |
11.2 Europe IR LED Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom IR LED Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany IR LED Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France IR LED Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe IR LED Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe IR LED Market, Revenues & Volume, By Application, 2021 - 2031 |
11.4 Europe IR LED Market, Revenues & Volume, By Type, 2021 - 2031 |
11.5 Europe IR LED Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe IR LED Market, Revenues & Volume, By Technology, 2021 - 2031 |
12 Middle East IR LED Market, Overview & Analysis |
12.1 Middle East IR LED Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East IR LED Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia IR LED Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE IR LED Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey IR LED Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East IR LED Market, Revenues & Volume, By Application, 2021 - 2031 |
12.4 Middle East IR LED Market, Revenues & Volume, By Type, 2021 - 2031 |
12.5 Middle East IR LED Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East IR LED Market, Revenues & Volume, By Technology, 2021 - 2031 |
13 Global IR LED Market Key Performance Indicators |
14 Global IR LED Market - Export/Import By Countries Assessment |
15 Global IR LED Market - Opportunity Assessment |
15.1 Global IR LED Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global IR LED Market Opportunity Assessment, By Application, 2021 & 2031F |
15.3 Global IR LED Market Opportunity Assessment, By Type, 2021 & 2031F |
15.4 Global IR LED Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global IR LED Market Opportunity Assessment, By Technology, 2021 & 2031F |
16 Global IR LED Market - Competitive Landscape |
16.1 Global IR LED Market Revenue Share, By Companies, 2024 |
16.2 Global IR LED Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |