Infrared (IR) LED Market - By Spectral Range (Short-wave Infrared LED, Medium-wave Infrared LED, Long-wave Infrared LED), By Application (Biometrics, Imaging, Lighting, Remote Sensing, Surveillance), By End-use & Global Forecast, 2024-2032

Infrared LED Market Size

Infrared LED Market size was valued at over USD 790 million in 2023 and is anticipated to grow at a CAGR of over 15% between 2024 and 2032. The market growth is attributed to increasing adoption of IR LEDs in healthcare devices, growing usage of IR LEDs in BFSI, increasing demand for smart home appliances, rising adoption of IR LED packages for use in surveillance & security cameras, rising integration of automotive electronics and advanced vehicle systems.
 

The market has experienced significant growth in recent years, driven by advancements in technology and increasing applications across various industries. Infrared LEDs, which emit light in the infrared spectrum, are used in a wide range of applications, including biometric systems, imaging, lighting, communication, and surveillance. The market is expected to continue its upward trajectory, with a compound annual growth rate (CAGR) projected to be robust during the forecast period from 2024 to 2030. According to the Infrared Data Association (IrDA) reports, the adoption of infrared communication technologies has grown by 22% annually, highlighting the increasing use of infrared LEDs in communication applications.
 

Another key driver is the growing demand for biometric systems. Infrared LEDs are crucial components in facial recognition systems, fingerprint scanners, and iris recognition technologies. These systems are increasingly being adopted in security and access control applications, particularly in the banking, financial services, and insurance (BFSI) sector, as well as in government and defense sectors.
 

The infrared LED market faces several restraints that could hinder its expansion. The high cost of infrared LED technology stands as a considerable barrier to widespread adoption, particularly in markets where cost is a decisive factor. Furthermore, environmental conditions like temperature and humidity can adversely affect the performance of infrared LEDs, potentially compromising their reliability and reducing their operational lifespan.
 

Additionally, high competition from alternative technologies, such as visible LEDs and laser diodes, which can offer similar functionalities at potentially lower costs. Furthermore, stringent regulations and standards related to the use of infrared LEDs in certain applications, particularly in healthcare and automotive sectors, can pose challenges for market players.
 

Infrared LED Market Trends

The increasing adoption of infrared LEDs in automotive applications represents a major trend supporting the growth of the market. Infrared LEDs are being used in various advanced driver-assistance systems (ADAS) and autonomous vehicle technologies, enhancing vehicle safety and driver assistance features. For instance, infrared LEDs are used in night vision systems to improve visibility in low-light conditions, enabling drivers to detect pedestrians, animals, and other obstacles on the road. These systems use infrared illumination to capture high-quality images, providing real-time information to the driver and enhancing overall safety.
 

Additionally, infrared LEDs are also used in driver monitoring systems. These systems use infrared illumination to track the driver's eye movements and facial expressions, detecting signs of drowsiness or distraction. By providing real-time alerts, these systems help prevent accidents and improve road safety.
 

Infrared LED Market Analysis

Based on spectral range, the market is segmented into short-wave infrared (SWIR) LED, medium-wave infrared (MWIR) LED, and long-wave infrared (LWIR) LED. The medium-wave infrared (MWIR) LED segment accounted for highest growth rate of over 18% from 2024 in 2032.
 

• The Medium-wave Infrared (MWIR) LED segment is growing due to its use in thermal imaging and environmental monitoring. MWIR LEDs are essential in applications requiring temperature measurement and heat detection. The segment is driven by the increasing adoption of thermal imaging in medical diagnostics and industrial inspection. Key trends include the development of compact and portable MWIR imaging devices.
   
• MWIR LEDs are increasingly being used in medical diagnostics, particularly in detecting and monitoring various health conditions. For example, MWIR LEDs are utilized in thermography to detect abnormalities in body temperature, which can indicate underlying health issues such as infections or tumors. The growing focus on non-invasive diagnostic techniques is driving the adoption of MWIR LEDs in the healthcare sector.
   
• Furthermore, MWIR LEDs are being adopted in environmental monitoring applications, such as detecting gas leaks and monitoring air quality. These LEDs provide accurate and reliable measurements of various gases and pollutants, contributing to environmental protection and safety. The development of portable and handheld MWIR devices for field use is a notable trend, enhancing the accessibility and convenience of environmental monitoring.
   

Based on application, the infrared LED market is segmented into biometric, imaging, lighting, communication, surveillance, and other applications. The lighting segment is dominating the market with over 25% market share in 2023.
 

• The lighting segment is driven by the increasing adoption of energy-efficient lighting solutions in residential, commercial, and industrial settings. Infrared LEDs are used in smart lighting systems to provide advanced functionalities, such as motion detection and remote control. The growing emphasis on energy conservation and the shift towards sustainable lighting solutions are driving the growth of this segment. However, the high initial cost of infrared LED lighting systems is a significant challenge that needs to be addressed.
  
   
• The Philips Hue smart lighting system integrated infrared LEDs in smart home devices. The system uses infrared motion sensors to detect movement and automatically adjust lighting levels. For instance, the lights can turn on when someone enters a room and turn off when the room is unoccupied. This capability helps to reduce energy consumption and provides added convenience for users. Additionally, the Philips Hue system can be controlled remotely using a smartphone app, allowing users to adjust lighting settings from anywhere. The integration of infrared LEDs in the Philips Hue system has made it a popular choice among consumers looking for energy-efficient and convenient lighting solutions.
   

North America is estimated to account for a significant market share of infrared LEDs in 2023, driven by the high adoption of advanced technologies and the presence of key market players. The demand for infrared LEDs in this region is primarily driven by the increasing adoption of smart home devices and advanced security systems. The U.S. is the largest market in North America, with a significant share of the market. The growing emphasis on energy efficiency and the increasing adoption of smart lighting systems are key drivers for the growth of the infrared LED market in the U.S. Additionally, the presence of key market players, such as Cree, Inc. and OSRAM Opto Semiconductors, is contributing to the growth of the market in this region.
 

The U.S. is driven by the high adoption of advanced technologies and the presence of key market players. The demand for infrared LEDs in the U.S. is primarily driven by the increasing adoption of smart home devices and advanced security systems. The growing emphasis on energy efficiency and the increasing adoption of smart lighting systems are key drivers for the growth of the infrared LED market in the U.S. Additionally, the presence of key market players, such as Cree, Inc. and OSRAM Opto Semiconductors, is contributing to the growth of the market in this region. The U.S. market is highly competitive, with key players focusing on product innovation and strategic partnerships to gain a competitive edge.
 

Europe occupies a significant market in infrared LEDs in 2023, driven by the increasing adoption of advanced technologies and the presence of key market players. The demand for infrared LEDs in this region is primarily driven by the increasing adoption of smart home devices and advanced security systems. The U.K., Germany, and the Netherlands are the largest markets in Europe, with a significant share of the market. The growing emphasis on energy efficiency and the increasing adoption of smart lighting systems are key drivers for the growth of the market in Europe.
 

Infrared LED Market Share

Boston Electronics Corporation has significantly contributed to the market by pioneering advanced technologies that enhance detection and measurement capabilities. In 2023, they launched a new line of high-performance infrared LEDs designed for industrial and scientific applications, demonstrating their commitment to innovation. The company also announced ambitious growth plans, aiming to expand their market reach and enhance product offerings through strategic investments. Additionally, in 2023, Boston Electronics formed a key partnership with a leading sensor manufacturer to co-develop cutting-edge infrared solutions, further solidifying their position as a market leader.
 

Broadcom Ltd has significantly impacted the market, offering advanced solutions for diverse applications, including remote sensing and communication. Their innovative product launches in 2023, like the high-performance IR LEDs designed for automotive and industrial use, highlight their commitment to technological advancement. In 2024, Broadcom plans to expand its IR LED portfolio, focusing on higher efficiency and integration with IoT devices. The company also announced a strategic partnership with a leading semiconductor firm in 2023, aimed at enhancing their R&D capabilities and market reach. This collaboration underscores Broadcom's dedication to growth and innovation in the infrared LED sector.
 

Infrared LED Market Companies

Major companies operating in the infrared LED industry are:

• Boston Electronics Corporation
• Broadcom Ltd.
• DOWA Electronics Materials Co., Ltd.
• Epileds Technologies, Inc.
• Ennostar Inc.
• Everlight Electronics Co. Ltd.
• Excelitas Technologies Corp.
   

Infrared LED Market News:

• In July 2024, Fluence Bioengineering, Inc, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced partnership with Michigan-based cannabis grower LightSky Farms for providing innovative LED technology for cultivating cannabis.
   
• In February 2023, Excelitas Technologies Corp. acquired Phoseon Technology, Inc., a pioneer in the design and manufacture of world-class LED-based industrial curing and scientific illumination solutions based in Hillsboro. It delivers field-proven reliability and enables significant efficiency gains for customers globally.
   
• In October 2022, Ennostar Inc. invested millions of dollars in the R&D of LED technologies that led to a world-class patent portfolio consisting of over 4,000 issued patents and pending patent applications. This investment has laid the foundation of LED lighting technologies for world-class products.
   

The infrared led market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:

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Market, By Spectral Ranges, 2021 – 2032

• Short-wave Infrared (SWIR) LED
• Medium-wave Infrared (MWIR) LED
• Long-wave infrared LED (LWIR)

Market, By Technology, 2021 – 2032

• Gallium Arsenide (GaAs)
• Aluminum Gallium Arsenide (AlGaAs)
• Indium Gallium Arsenide (InGaAs)
• Gallium Antimonide (GaSb)
• Others

Market, By Application, 2021 – 2032

• Biometric
• Imaging
• Lighting
• Communication
• Surveillance
• Other applications

Market, By End Use, 2021 – 2032

• Aerospace & Defense
• Automotive
• BFSI
• Consumer Electronics
• Education
• Healthcare
• Industrial
• Retail

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel