How big is the IR LED Market | Forecast & Insights 2031

Q: What is the projected size of the IR LED market by 2031?

The IR LED market is projected to reach over USD 7.27 Billion by 2031.

Q: What factors are driving the growth of the IR LED market?

Growth is driven by rising adoption in smart devices and the increasing use of IR technology in medical diagnostics.

Q: Which regions are leading in IR LED demand?

Asia-Pacific holds the largest share, followed by North America and Europe.

Q: What are the major challenges in the IR LED market?

High initial costs, limited range in certain applications, and technical integration complexities are some challenges affecting market expansion.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6488

Publication Date: Jul 2025

How Big Is the IR LED Market?

According to 6Wresearch internal database and industry insights, the IR LED market was valued at USD 5 Billion in 2024 and is projected to surpass USD 7.27 Billion by 2031, exhibiting a CAGR of 5.60% during the forecast period.

The market is expanding due to the surge in infrared applications such as biometric authentication, automotive sensing, and surveillance systems. Growing demand in night vision equipment and smart devices is further accelerating adoption across industrial and consumer domains.

Growth Factors of the IR LED Market

Integration within automotive driver-assistance systems and proximity sensors.
Rising demand from IR-based surveillance and night vision cameras.
Increased use in biometric systems such as facial recognition and iris scanning.
Increased usage in consumer electronics especially smartphones and tablets.
Enhanced medical diagnostics and wearables in the health space via IR Sensors.
Increased industrial automation and robotics, using IR-based object detection.

IR LED Market Trends

IR LED Market is experiencing growth in innovation, particularly with wavelength customisation, power consumption and size miniaturisation There are strong indicators that IR LED applications will transition toward 850nm and 940nm wavelengths for better performance in security applications.

Furthermore, SMT (surface mount technology) IR LEDs are seeing increases in usage in compact electronics. This trend, combined with the increasing penetration of multi-spectral imaging and gesture-recognition-enabled interfaces has reshaped product offerings.

Emerging Developments in the IR LED Market

In the IR LED Market, key advancements include dual-function IR LEDs that enable both illumination and communication for IoT and smart home devices. Moreover, companies are integrating AI-powered image recognition with IR systems, enhancing use cases in security, healthcare, and automotive diagnostics.