Short Wave IR (SWIR) LED Market Size, By Spectral Range (700nm-850nm, 850nm-950nm, 950nm-1020nm, 1020nm-2500nm), By Power Output, By Application, By End-use & Forecast, 2024 - 2032

Short Wave IR LED Market Size

Short Wave IR LED Market was valued at USD 708.48 million in 2023 and is anticipated to register a CAGR of over 9.5% between 2024 and 2032. SWIR LED technology plays a crucial role in sensor integration in the healthcare industry due to its ability to detect & capture images beyond the visible spectrum.
 

SWIR LEDs are increasingly used in non-invasive diagnostic tools and imaging systems in the healthcare sector. Their ability to penetrate skin and tissue without causing harm makes them ideal for various medical applications including imaging of veins, monitoring of oxygen saturation, and detection of tumors or other abnormalities. This capability supports the trend toward less invasive and more patient-friendly diagnostic techniques.
 

In pharmaceutical and biomedical research, SWIR LEDs are used in sensors for analyzing chemical compositions, monitoring reactions, and imaging biological samples. Their ability to provide detailed information about materials at the molecular level supports the development of new drugs, therapies, and diagnostic tests, driving further growth in the SWIR LED market. For instance, in June 2023, Kyoto Semiconductor Co., Ltd. launched KPR Series, 14 products of SWIR reflective sensor to be used in various application including medical and healthcare. The "KPR series" consist of a LED chip and a photodiode chip. It is used for sensing component such as glucose, moisture content detection, and sensing of various resins & gases.
 

The rising demand for advanced imaging solutions across various sectors is a significant factor driving the growth of the short-wave infrared LED market growth. This growth is attributed to the unique capabilities of SWIR LEDs, which enable enhanced imaging quality and functionality in conditions where traditional visible light and even Near-Infrared (NIR) technologies fall short. For instance, in October 2022, SWIR Vision Systems Inc. increased the capability of its quantum dot-based Short Wavelength Infrared (SWIR) machine vision camera inspection product. Moreover, SWIR Vision introduced very high-resolution, 2.1Mp Acuros 1920 CQD eSWIR cameras for Li-Ion Battery Inspection. The cameras have been designed directly with this application in mind. The optical transparency increases at higher wavelengths, becoming substantially transmissive beyond the visible spectrum where SWIR Vision System's Acuros eSWIR cameras operate.
 

High production costs are a significant restraint affecting the growth of the short-wave infrared (SWIR) LED market. SWIR LEDs use specialized semiconductor materials, such as indium gallium arsenide (InGaAs), that are more costly than the materials used for visible or near-infrared LEDs. The procurement of high-purity, high-quality materials essential for SWIR LED performance contributes significantly to the overall production costs. The fabrication of SWIR LEDs involves sophisticated manufacturing processes that require precise control over the deposition of multiple material layers and the creation of complex device structures. These processes often necessitate advanced equipment and cleanroom facilities, further increasing production costs. Effective thermal management is crucial for maintaining the performance and longevity of SWIR LEDs, especially for high-power applications. Developing and integrating advanced cooling solutions to address heat dissipation adds complexity and cost to the design and manufacturing of SWIR LED systems.
 

Short Wave IR LED Market Trends

The surveillance and security sector has seen significant advancements with the adoption of SWIR LEDs. These LEDs provide superior imaging in low-light and nighttime conditions without the need for additional lighting, making them ideal for security cameras and night-vision equipment. SWIR technology also allows for better penetration through atmospheric particles like fog and smoke, enhancing visibility and accuracy in adverse conditions. For instance, in October 2022, SWIR Vision Systems Inc. increased the capability of its quantum dot-based short wavelength infrared (SWIR) machine vision camera inspection product.
 

Moreover, SWIR Vision introduced very high-resolution, 2.1Mp Acuros 1920 CQD eSWIR cameras for Li: Ion Battery Inspection. The cameras have been designed directly with this application in mind. This development has been particularly beneficial for critical infrastructure protection and military applications, where visibility and accurate identification are crucial. The enhanced capabilities of SWIR LEDs in these systems are contributing to their increased adoption, highlighting their role in improving security measures and driving the market forward.
 

Short wave IR (SWIR) LEDs are finding use in many new areas beyond their traditional roles in imaging and surveillance. These LEDs are now being utilized in industries such as automotive, healthcare, agriculture, industrial inspection, and scientific research. Their superior imaging capabilities enable enhanced safety features in automotive systems, improved medical diagnostics and continuous health monitoring, precise monitoring of plant health in agriculture, and detailed inspection in industrial manufacturing. monitor plant health and inspect industrial materials with precision is driving this growth. For instance, in October 2023, Omron Automation launched its SWIR camera series for precision inspection across manufacturing processes. The versatility and superior imaging capabilities of SWIR technology are opening new markets and creating opportunities for growth.
 

Short Wave IR LED Market Analysis

Based on spectral range, the market is segmented into 700nm-850nm, 850nm-950nm, 950nm-1020nm, and 1020nm-2500nm. In 2023, the 850nm-950nm segment accounted for the largest market share with over 41% of the market share.
 

• The 850nm-950nm range is highly favored due to its optimal balance between penetration depth and resolution, making it suitable for various applications such as security and surveillance, medical diagnostics, and industrial inspection. The ability of SWIR LEDs in this range to provide clear imaging in low-light conditions and through several obstacles like fog and smoke significantly contributes to their widespread adoption.
   
• Moreover, the 850nm-950nm range is particularly effective for integration into existing technologies and systems. Its compatibility with standard imaging sensors and relatively lower cost compared to longer wavelength LEDs makes it a practical choice for a wide array of industries. The growth in this segment is driven by the continuous demand for advanced imaging solutions that offer high performance and versatility, reflecting the broader trend of innovation and expansion within the SWIR LED market.
   

Based on application, the short wave IR LED market is divided into medical, solar simulators, machine vision, optical sorting, biometrics, imaging, lighting, remote sensing, and surveillance. In 2023, the biometrics segment was the fastest growing segment, growing at a CAGR of over 11%. The market value of the automotive segment is expected to reach over USD 100 million by 2032 due to this significant growth rate.
 

• The biometrics segment of the Short-Wavelength-Infrared (SWIR) LED market emerged as the fastest-growing application area. This growth is driven by the increasing demand for enhanced security and authentication systems. SWIR LEDs offer superior imaging capabilities that are crucial for biometric systems, such as facial recognition and fingerprint scanning, particularly in challenging lighting conditions. Their ability to capture high-quality images in low light and their resilience to environmental factors make them ideal for these applications.
   
• Additionally, the biometrics sector benefits from SWIR LEDs' ability to detect finer details and distinguish features that might be missed by other technologies. This capability improves the accuracy and reliability of biometric systems, leading to greater adoption in various security and identity verification applications. As the need for secure and efficient authentication solutions rises, the biometrics segment is expected to continue expanding rapidly, further fueling the growth of the SWIR LED market.
   

In the U.S., the market for short-wavelength-infrared (SWIR) LEDs is driven by advanced technological developments and significant investments in research and innovation. The U.S. leads in integrating SWIR technology across various sectors, including defense, healthcare, and industrial automation. The country’s emphasis on cutting-edge research and the presence of major technology firms support the development and deployment of SWIR LEDs. Recent advancements in imaging systems and increased demand for sophisticated surveillance and medical diagnostic tools are fueling market growth. Additionally, the U.S. government’s focus on enhancing national security through advanced imaging technologies contributes to the robust demand for SWIR LEDs.
 

In 2023, Asia Pacific held the largest market share of over 40%. Asia Pacific holds the largest market share in the short wave IR LED market due to rapid economic growth and industrial expansion in the region. Countries like China, Japan, and South Korea have become major hubs for technological innovation and manufacturing. The robust industrial infrastructure and increasing investments in sectors such as automotive, healthcare, and electronics drive the demand for advanced imaging technologies, including SWIR LEDs. The region's strong manufacturing base also supports the widespread adoption and integration of SWIR technology in various applications. The high demand for SWIR LEDs in Asia Pacific is also fueled by significant technological advancements and increasing market needs.
 

China's market for SWIR LEDs is expanding rapidly due to the country's strong emphasis on industrial modernization and technological innovation. As one of the world’s largest manufacturing hubs, China utilizes SWIR LEDs extensively in industrial inspection and quality control processes. The government’s supportive policies for technological advancements and its focus on enhancing infrastructure and urban security further drive the adoption of SWIR technology. Additionally, China’s growing consumer electronics market and investments in sectors such as automotive and agriculture contribute to the increasing demand for SWIR LEDs. For instance, the China Association of Automobile Manufacturers predicts that China's auto sector will sell more than 25 million units by 2024, which will increase the demand for SWIR LEDs in automotive sector.
 

Germany is a key player in the European short wave IR LED market, known for its strong industrial base and technological prowess. The country’s emphasis on precision engineering and high-quality manufacturing processes makes SWIR LEDs an essential component in various applications, including industrial inspection and scientific research. Germany’s leadership in automotive innovation and its focus on developing advanced imaging systems for quality control further drive the market. The country’s commitment to sustainable technology and environmental monitoring also supports the growth of SWIR technology, positioning Germany as a significant market in Europe.
 

Japan’s market for SWIR LEDs benefits from the country’s advanced technology sector and focus on innovation. Known for its leadership in electronics and automotive industries, Japan integrates SWIR technology into various applications, including precision manufacturing and advanced imaging systems. The country’s strong emphasis on research and development, coupled with its high standards for quality and efficiency, drives the demand for SWIR LEDs. Japan’s efforts in improving agricultural productivity and healthcare diagnostics also contribute to the growing adoption of SWIR technology, highlighting its role in the country’s technological advancements.
 

South Korea’s SWIR LED market is characterized by rapid technological advancements and a strong focus on industrial and consumer electronics. The country’s robust electronics and automotive industries drive the demand for high-performance imaging solutions, including SWIR LEDs. South Korea’s commitment to innovation and research supports the development of advanced SWIR technology for applications in industrial inspection, medical diagnostics, and security systems. Additionally, the government’s initiatives to promote smart manufacturing and enhance agricultural efficiency further boost the adoption of SWIR LEDs, positioning South Korea as a significant player in the global market.
 

Short Wave IR LED Market Share

Ushio OPTO Semiconductors Inc. and EPILEDS holds a significant share of over 25% in the market. The Short-Wavelength-Infrared (SWIR) LED market is highly competitive, featuring several prominent players with advanced technology and significant market presence. Ushio OPTO Semiconductors Inc. and EPILEDS are leading the field with their innovative SWIR LED solutions, focusing on high performance and reliability across diverse applications. Ushio’s expertise in optoelectronics and EPILEDS’ commitment to developing cutting-edge SWIR technology position them as key players in the market. Similarly, DOWA Electronics Materials Co., Ltd. is known for its advanced materials used in SWIR LEDs, enhancing the efficiency and durability of their products.
 

Companies like Everlight Electronics Co. Ltd., Lite-On Inc., ROHM Semiconductor, and Lumileds are also major contributors to the SWIR LED market. Everlight and Lite-On are leveraging their extensive experience in LED manufacturing to drive innovation and expand their SWIR product lines. ROHM Semiconductor focuses on integrating SWIR technology into automotive and industrial applications, while Lumileds brings a strong emphasis on high-quality, reliable LED solutions.
 

Short Wave IR LED Market Companies

Major players operating in the short wave IR LED market are:

• Ushio OPTO Semiconductors Inc.
• EPILEDS
• DOWA Electronics Materials Co., Ltd.
• Everlight Electronics Co Ltd
• Lite-On Inc.
• ROHM Semiconductor
• Lumileds
   

Short Wave IR LED Industry News

• In February 2024, Dowa Electronics Materials unveiled a groundbreaking SWIR LED chip series, setting a global record for peak wavelength efficiency at 1,200 to 1,900 nm. With a 1mm square chip, the SWIR-LED achieves a 170mW output power at 1,350nm, doubling comparable products, and even at 1,900nm, it offers a 30% power increase.
   
• In April 2023, ROHM introduced mass-production capabilities for SWIR devices in the industry's smallest size, 1,608 (1.6mm x 0.8mm). This innovation is tailored for portable, wearable, and hearable devices, enhancing material detection in these compact applications.
   

The short wave IR LED market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million & Units) from 2021 to 2032, for the following segments:

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Market, By Spectral Range

• 700nm-850nm
• 850nm-950nm
• 950nm-1020nm
• 1020nm-2500nm

Market, By Power Output

• Below 1 W
• 1 W - 5 W
• Above 5 W

Market, By Application

• Medical
  • Blood analysis
  • Tissue imaging
  • Pulse Oximetry
  • Others
• Solar Simulator
  • Photovoltaic Testing
  • Material Testing
  • Spacecraft Testing
  • Others
• Machine Vision
  • Defect Detection
  • Material Sorting
  • Barcode Scanning
  • Others
• Optical Sorting
  • Food Sorting
  • Recycling Sorting
  • Mining and Mineral Sorting
  • Plastics Sorting
  • Others
• Biometrics
  • Vein Pattern Recognition
  • Facial Recognition
  • Iris Scanning
  • Others
• Imaging
  • Art Inspection and Restoration
  • Forensic Imaging
  • Agricultural Imaging
  • Others
• Lighting
• Remote Sensing
  • Environmental Monitoring
  • Forest Fire Detection
  • Water Quality Assessment
  • Others
• Surveillance
  • Low-Light Surveillance
  • Perimeter Security
  • Facial Recognition in Darkness
  • Others

Market, By End-use

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

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

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