Global Biometrics Infrared Light Emitting Diode (LED) Market – Industry Trends and Forecast to 2029

Biometrics Infrared Light Emitting Diode (LED) Market Analysis and Size

The growing demands from the automotive industries, growing market for the lighting industry, rising usage of infrared sensors in various industries such as aerospace and defense, oil and gas, chemical, pharmaceutical and other sectors are the main factors driving the growth of the biometrics infrared light emitting diode (LED) market over the forecasted period from 2022-2029. Moreover, the growing trend for smart homes and smart offices in the developing nations is also the factor that will generate certain significant lucrative growth opportunities for the biometrics infrared light emitting diode (LED) market over the forecasted period.

Global biometrics infrared light emitting diode (LED) market was valued at USD 712.44 million in 2021 and is expected to reach USD 2361.57 million by 2029, registering a CAGR of 16.16% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

An infrared light emitting diode is the particular purpose light emitting diodes that radiate infrared signals at more drawn out wavelengths. These devices allow cheap and efficient production of infrared lights and deliver infrared radiations at the spectral range of 700nm-1mm. The biometrics infrared light emitting diodes serve various applications such as facial recognition, retina recognition, voice recognition, iris recognition, privacy protection and are widely used in sectors such as aerospace and defense, oil and gas, chemical, pharmaceutical and others.

Global Biometrics Infrared Light Emitting Diode (LED) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rising digitalization across the globe

The increasing use of internet and rising penetration of smartphones has led people to the era of digitalization and this is the primary factor driving the growth of the biometrics infrared light emitting diode (LED) market during the forecasted period. The rising usage of digital transaction applications has driven the need for the biometrics technologies for protection and security purposes. The biometrics infrared light emitting diodes serve various applications such as facial recognition, retina recognition, voice recognition, iris recognition, privacy protection and others. All these beneficiary factors are projected to drive the market’s growth over the forecasted period.

• Increased demands from automotive industry

The increased demands for the surveillance sensing infrared light emitting diode in the automotive industries fuels the market growth. The rising technological advancements in the automatic detection such as automatic number plate recognition, facial recognition and other applications have been the main factors driving the growth of the surveillance sensing infrared light emitting diode (LED) market over the forecasted period.

Opportunities

• Growing penetration of biometrics infrared light emitting diodes

The increasing implementation of face recognition and iris recognition in biometrics and security systems will generate certain significant lucrative growth opportunities for the biometrics infrared light emitting diode (LED) market over the forecasted period. This has been increased due to the digital payment and the banking applications. All these factors will generate certain significant lucrative growth opportunities for the biometrics infrared light emitting diode (LED) market over the forecasted period.

• Growing trends for smart homes and smart offices

The growing demands for the biometrics infrared light emitting diodes in the homes and offices is the factor generating lucrative growth opportunities for the biometrics infrared light emitting diode (LED)  market over the forecasted period. This is due to the biometrics' ability to serve various applications such as facial recognition, retina recognition, voice recognition, iris recognition, and privacy protection. These factors generate lucrative growth opportunities for the market over the forecasted period.

Restraints/Challenges

• Decline in demands and low penetration

The decline in the demands from consumers and the low penetration of infrared light emitting diode technology in various countries are certain factors that are projected to create challenges for the surveillance sensing infrared light emitting diode (LED) market over the forecast period.

This biometrics infrared light emitting diode (LED) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biometrics infrared light emitting diode (LED) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Biometrics Infrared Light Emitting Diode (LED) Market Scope

The biometrics infrared light emitting diode (LED) market is segmented on the basis of power, function, photodiode spectral range, technology and sector. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Power

• Low
• Medium
• High

Function

• Emitters
• Receivers
• Transceivers
• Detectors

Photodiode Spectral Range

• 700nm-Less Than 1500nm
• 1500nm-1750nm
• Above 1750nm

Technology

• Infrared Light Emitting Diode (LED) Chip
• Infrared Light Emitting Diode (LED) Package

Sector

• Consumer Electronics
• Automotive
• Government and Defense
• Residential
• Commercial Offices
• Healthcare and Hospitality
• Retail
• Industrial and Manufacturing
• Education
• Banking, Financial Services and Insurance (BFSI)

Biometrics Infrared Light Emitting Diode (LED) Market Regional Analysis/Insights

The biometrics infrared light emitting diode (LED) market is analyzed and market size insights and trends are provided by power, function, photodiode spectral range, technology and sector as referenced above.

The countries covered in the biometrics infrared light emitting diode (LED) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the biometrics infrared light emitting diode (LED) market because of the increased demands of consumer electronics along with the changing lifestyle of the consumers in the growing economies such as China and India.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising adoptions of smartphones, biometrics systems and rising digitalization within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Biometrics Infrared Light Emitting Diode (LED) Market Share Analysis

The biometrics infrared light emitting diode (LED) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biometrics infrared light emitting diode (LED) market.

Some of the major players operating in the biometrics infrared light emitting diode (LED) market are

• EPILEDS TECHNOLOGIES, INC. (Taiwan)
• EPISTAR Corporation (Taiwan)
• EVERLIGHT ELECTRONICS CO., LTD. (Taiwan)
• Excelitas Technologies Corp. (Canada)
• Kingbright Company, LLC. (U.S.)
• Lextar Electronics Corporation. (Taiwan)
• LITE-ON Technology Corporation. (Taiwan)
• Lumileds Holding B.V. (Netherlands)
• Luna Innovations (U.S.)
• Marktech Optoelectronics. (U.S.)
• NICHIA CORPORATION (Japan)
• ams-OSRAM International GmbH. (Germany)
• ROHM CO., LTD. (Japan)
• TE Connectivity (Switzerland)
• Ushio America, Inc. (Japan)
• Würth Elektronik GmbH & Co. KG (Germany)

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