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Infrared (IR) LED Market Trends

Report ID: GMI437
Published Date: Jul 2024
Report Format: PDF

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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.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The Infrared LED industry was valued at over USD 790 million in 2023 and is anticipated to record a CAGR of over 15% between 2024 and 2032, attributed to increasing adoption in healthcare devices, BFSI, smart home appliances, and in surveillance & security cameras.

The medium-wave infrared (MWIR) LED segment accounted for a growth rate of over 18% from 2024 to 2032, due to its use in thermal imaging and environmental monitoring.

North America accounted for a significant share of infrared LEDs market in 2023 and will continue to grow through 2032, driven by the high adoption of advanced technologies and the presence of key market players.

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