PUBLISHER: TechSci Research | PRODUCT CODE: 1881473
PUBLISHER: TechSci Research | PRODUCT CODE: 1881473
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The Global Infrared LED Market, valued at USD 819.00 Million in 2024, is projected to experience a CAGR of 15.2% to reach USD 1914.25 Million by 2030. Infrared Light-Emitting Diodes (IR LEDs) are semiconductor devices that emit invisible infrared radiation, detectable by specialized sensors and cameras. Market growth is primarily driven by their escalating integration across various sectors.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 819.00 Million |
| Market Size 2030 | USD 1914.25 Million |
| CAGR 2025-2030 | 15.2% |
| Fastest Growing Segment | Healthcare and Life Sciences |
| Largest Market | Asia Pacific |
Key Market Drivers
The increasing demand for robust security infrastructure and continuous technological innovations represent two paramount driving factors influencing the Global Infrared LED Market. The expansion of surveillance and security systems, driven by evolving safety requirements, significantly boosts IR LED adoption. These systems rely on infrared LEDs for effective night vision and covert monitoring, crucial for asset protection and public safety. For example, escalating financial impact from illicit activities compels businesses to enhance protective measures. According to the National Retail Federation, in 2023, retail shrinkage costs exceeded USD 112 billion, driving substantial investments in advanced surveillance systems equipped with IR capabilities. This direct correlation between security concerns and IR LED solutions underscores its critical market influence.
Key Market Challenges
The inherent high manufacturing cost of specialized semiconductor components presents a significant challenge to the growth of the Global Infrared LED Market. The complex fabrication processes and the need for precision engineering for specific infrared wavelengths contribute to elevated production expenses. This directly impacts the final product pricing, making IR LED-enabled devices less competitive in cost-sensitive applications. According to SEMI, worldwide semiconductor manufacturing equipment sales reached $117.1 billion in 2024, increasing 1% from $106.3 billion in 2023. Such substantial and ongoing investments in the broader semiconductor ecosystem, which encompasses crucial stages for IR LED fabrication, reflect the significant capital intensity required.
Key Market Trends
The integration of Artificial Intelligence in IR LED systems represents a significant trend, shifting focus from individual component performance to enhancing system-level intelligence and data processing. This development enables IR LED devices to perform more sophisticated tasks, such as improved object recognition, predictive maintenance, and autonomous decision-making. According to the Semiconductor Industry Association, in February 2024, the DRAM market was projected to grow by 39% due to the increasing demand from AI applications, underscoring AI's profound impact on related semiconductor sectors. ams OSRAM, in January 2023, announced its efforts to integrate artificial intelligence into smart products, leveraging its Mira Family image sensors alongside AI processors for applications in robotic vision, enhancing object detection and avoidance in industrial environments.
In this report, the Global Infrared LED Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Infrared LED Market.
Global Infrared LED Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: