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.
Remote Sensing Infrared Light Emitting Diode (LED) Market Analysis and Size
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.
Remote Sensing Infrared Light Emitting Diode (LED) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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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Market Players Covered
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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)
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Market Opportunities
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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.
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
Remote Sensing Infrared Light Emitting Diode (LED) Market Regional Analysis/Insights
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.
Competitive Landscape and Remote Sensing Infrared Light Emitting Diode (LED) Market Share Analysis
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)
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