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Global Remote Sensing Infrared Led Market
Market Size in USD Billion
CAGR :
%
USD
53,903.20 Million
USD
134,418.63 Million
2021
2029
Forecast Period
2022 –2029
Market Size(Base Year)
USD
53,903.20 Million
Market Size (Forecast Year)
USD
134,418.63 Million
CAGR
12.10
%
Major Markets Players
EPILEDS TECHNOLOGIESInc.
EPISTAR Corporation
EVERLIGHT ELECTRONICS CO.Ltd.
Excelitas Technologies Corp.
High Power Lighting Corp.
Global Remote Sensing Infrared Light Emitting Diode (LED) Market, By Spectral Range (700nm-850nm, 850nm-940nm, 940nm-1020nm, 1020nm-1720nm), End-Use (Aerospace and Defense, Automotive, Banking, Financial Services and Insurance (BFSI), Consumer Electronics, Education, Healthcare, Retail, Industrial) – Industry Trends and Forecast to 2029.
The increased demands of infrared light emitting diodes for remote sensing and hyper spectral imaging in consumer electronics, allied industries and automotive are the main factors driving the growth of the remote sensing infrared light emitting diode (LED) market over the forecasted period from 20200-2029. Moreover, rising security concerns along with the rising penetration of smartphone industries across various nations, high security, low power consumption and low-cost benefits are also the factors driving the market's growth. The manufacturers are also implementing these in various multimedia devices such as tablets, mobile phones and surveillance systems. The growing technologies such as smartphones, facial recognition and closed-circuit television (CCTVs) will generate significant lucrative growth opportunities for the remote sensing infrared light emitting diode (LED) market over the forecasted period.
Global remote sensing infrared light emitting diode (LED) market was valued at USD 53,903.20 million in 2021 and is expected to reach USD 134418.63 million by 2029, registering a CAGR of 12.10% 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.
Revenue in USD Million, Volumes in Units, Pricing in USD
Segments Covered
Spectral Range (700nm-850nm, 850nm-940nm, 940nm-1020nm, 1020nm-1720nm), End-Use (Aerospace and Defense, Automotive, Banking, Financial Services and Insurance (BFSI), Consumer Electronics, Education, Healthcare, Retail, Industrial)
Countries Covered
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
Market Players Covered
EPILEDS TECHNOLOGIES, INC. (Taiwan), EPISTAR Corporation (Taiwan), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), Excelitas Technologies Corp. (Canada), High Power Lighting Corp. (Taiwan), 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), Digi-Key Electronics. (U.S.), Koninklijke Philips N.V. (Netherlands)
Market Opportunities
Increased demands of infrared light emitting diodes in consumer electronics and others
Rising penetration of smartphone industries across various nations
Market Definition
An infrared light emitting diode is known as the special purpose light emitting diodes which radiate infrared signals at more drawn-out wavelengths. These devices allow cheap and efficient production of infrared lights and can also deliver infrared radiations at the spectral range of 700nm and above which is not detectable to the human eyes. Remote sensing infrared light emitting diodes are made of aluminium arsenide or aluminium gallium arsenide and have voltage around 1.4V. It has wide range of applications such as remote sensing and hyperspectral imaging in consumer electronics and various other end-users.
Global Remote Sensing 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
Increased demands of infrared light emitting diodes
The increased demands of infrared light emitting diodes for remote sensing and hyper spectral imaging in consumer electronics is the primary factor driving the growth of the remote sensing infrared light emitting diode (LED) market over the forecasted period. These factors enables the user to collect hundreds of images at different wavelengths at the same spatial area and finds a wide range of applications in remote sensing in various sectors such as aerospace and defense, automotive, banking, financial services and insurance (BFSI). All these factors are driving the growth of the market 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 remote sensing infrared light emitting diode (LED) market over the forecasted period.
Opportunities
Growing technological advancements across the globe
The growing technologies such a smartphones, facial recognition and closed-circuit television (CCTVs) across the globe will generate significant lucrative growth opportunities for the remote sensing infrared light emitting diode (LED) market over the forecasted period. Additionally, high security, low power consumption and low cost benefits are also the factors that will generate significant lucrative growth opportunities for the remote sensing infrared light emitting diode (LED) market over the forecasted period
Rising penetration of smartphone industries
The rising penetration of smartphone industries across various nations is the factor that will generate significant lucrative growth opportunities for the remote sensing infrared light emitting diode (LED) market over the forecasted period. The growing technologies and the era of digitalization have led to the increasing supply and demands of smart phones across the globe. All these factors will generate significant lucrative growth opportunities for the remote sensing infrared light emitting diode (LED) market over the forecasted period.
Restraints/Challenges
High costs of implementation
The high costs of the product and more competitors in the market are the major factors that will create challenges for the remote sensing infrared light emitting diode (LED) market over the forecasted period.
This remote sensing 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 remote sensing 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.
Global Remote Sensing Infrared Light Emitting Diode (LED) Market Scope
The remote sensing infrared light emitting diode (LED) market is segmented on the basis of spectral range and end-use. 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.
The remote sensing infrared light emitting diode (LED) market is analyzed and market size insights and trends are provided by spectral range and end-use as referenced above.
The countries covered in the remote sensing 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, Israel, Egypt, South Africa, 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.
Asia-Pacific dominates the remote sensing 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.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising demands of security and surveillance sensing systems due to high crime rates and rising demands for the consumer electronic devices 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.
The remote sensing 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 remote sensing infrared light emitting diode (LED) market.
Some of the major players operating in the remote sensing infrared light emitting diode (LED) market are
EPILEDS TECHNOLOGIES, INC. (Taiwan)
EPISTAR Corporation (Taiwan)
EVERLIGHT ELECTRONICS CO., LTD. (Taiwan)
Excelitas Technologies Corp. (Canada)
High Power Lighting Corp. (Taiwan)
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)
Digi-Key Electronics. (U.S.)
Koninklijke Philips N.V. (Netherlands)
SKU-55261
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Global Remote Sensing Infrared Led Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Remote Sensing Infrared Led Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Remote Sensing Infrared Led Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
Frequently Asked Questions
What are the primary segments covered in the Global Remote Sensing Infrared Led Market report?
The market is segmented based on Global Remote Sensing Infrared Light Emitting Diode (LED) Market, By Spectral Range (700nm-850nm, 850nm-940nm, 940nm-1020nm, 1020nm-1720nm), End-Use (Aerospace and Defense, Automotive, Banking, Financial Services and Insurance (BFSI), Consumer Electronics, Education, Healthcare, Retail, Industrial) – Industry Trends and Forecast to 2029.
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What is the current market size of the Global Remote Sensing Infrared Led Market?
The Global Remote Sensing Infrared Led Market size was valued at USD 53903.20 USD Million in 2021.
What is the expected growth rate of the Global Remote Sensing Infrared Led Market?
The Global Remote Sensing Infrared Led Market is projected to grow at a CAGR of 12.1% during the forecast period of 2022 to 2029.
Who are the key players in the Global Remote Sensing Infrared Led Market?
The major players operating in the market include EPILEDS TECHNOLOGIESInc. , EPISTAR Corporation , EVERLIGHT ELECTRONICS CO.Ltd. , Excelitas Technologies Corp. , High Power Lighting Corp. , Kingbright CompanyLLC. , Lextar Electronics Corporation. , LITE-ON Technology Corporation. , Lumileds Holding B.V. , Luna Innovations , Marktech Optoelectronics. , NICHIA CORPORATION , ams-OSRAM International GmbH. , ROHM CO.Ltd. , TE Connectivity. , Ushio AmericaInc. , Wü,rth Elektronik GmbH & Co. KG , Digi-Key Electronics. , Koninklijke Philips N.V. .
Which countries are analyzed in the Global Remote Sensing Infrared Led Market report?
The market report covers data from the 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.
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