Global Surveillance Sensing Infrared Light Emitting Diode (LED) Market, By Spectral Range (700nm-850nm, 850nm-940nm, 940nm-1020nm, 1020nm-1720nm), Technology (Cooled Infrared Imaging, Uncooled Infrared Imaging), End-Use (Aerospace and Defense, Automotive, Banking, Financial Services and Insurance (BFSI), Consumer Electronics, Education, Healthcare, Retail, Industrial) – Industry Trends and Forecast to 2029.
Surveillance Sensing Infrared Light Emitting Diode (LED) Market Analysis and Size
Rising adoption of iris and facial recognition in electronic devices is the vial factor escalating the growth of the surveillance sensing infrared light emitting diode (LED) market over the forecasted period from 2022-2029. Moreover, increased demands from the automotive industry and hiked demands for infrared imaging products from non-industrial verticals are factors that will drive the market's growth over the forecasted period. The growing trend for smart homes and smart offices in developing nations is also the factor that will generate certain significant lucrative growth opportunities for the market over the forecasted period.
Global surveillance sensing infrared light emitting diode (LED) market was valued at USD 509.20 million in 2021 and is expected to reach USD 1579.46 million by 2029, registering a CAGR of 15.20% 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.
Surveillance 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 Billion, 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), Technology (Cooled Infrared Imaging, Uncooled Infrared Imaging), 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), Vishay Intertechnology, Inc. (U.S.), Würth Elektronik GmbH & Co. KG (Germany)
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Market Opportunities
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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 can also deliver infrared radiations at the spectral range of 700nm-1mm. The surveillance sensing infrared light emitting diode (LED) detects and emits the radiated signals and are received by the receiver through cooled and uncooled infrared imaging. The uses include aerospace and defense, automotive, banking, financial services and insurance (BFSI).
Global Surveillance 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
- Rising adoption of iris and facial recognition in the electronic devices
Increased adoption of iris and facial recognition in the electronic devices is the primary factor driving the growth of the surveillance sensing infrared light emitting diode (LED) market over the forecasted period. The use of the infrared light emitting diodes in surveillance sensing in consumer electronics in industrial, retail and other sectors has driven the market’s growth. Growing demands for night vision cameras for capturing high-quality night time surveillance videos is also the factor fueling the growth of the surveillance sensing infrared light emitting diode (LED) 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 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
- Hiked demands for infrared imaging products from non-industrial vertical
The growing penetration of infrared imaging products in the non-industrial vertical creates significant lucrative growth opportunities for the market over the forecasted period. The military, defense, and civil infrastructure segments generate the highest demands for infrared imaging systems. All these factors are generating lucrative growth opportunities for the surveillance sensing infrared light emitting diode (LED) market over the forecasted period.
- Growing trend for smart homes and smart offices
The growing demands for the surveillance sensing infrared light emitting diodes in homes and offices generate lucrative growth opportunities for the surveillance sensing infrared light emitting diode (LED) market over the forecasted period. This is due to the ability of the infrared cameras to capture the vison more accurately and provide enhanced visibility even in illumination conditions. These factors generate lucrative growth opportunities for the market over the forecasted period.
Restraints/Challenges
- Decline in the demands
The decline in the demands from consumers and the uncertainty in raw materials supplies are certain factors that are projected to create challenges for the surveillance sensing infrared light emitting diode (LED) market over the forecast period.
This surveillance 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 surveillance 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 Surveillance Sensing Infrared Light Emitting Diode (LED) Market Scope
The surveillance sensing infrared light emitting diode (LED) market is segmented on the basis of spectral range, technology 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
Technology
- Cooled Infrared Imaging
- Uncooled Infrared Imaging
End-Use
- Aerospace and Defense
- Automotive
- Banking, Financial Services and Insurance (BFSI)
- Consumer Electronics
- Education
- Healthcare
- Retail
- Industrial
Surveillance Sensing Infrared Light Emitting Diode (LED) Market Regional Analysis/Insights
The surveillance sensing infrared light emitting diode (LED) market is analyzed and market size insights and trends are provided by spectral range, technology and end-use as referenced above.
The countries covered in the surveillance 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 surveillance 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 the surveillance sensing systems and 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 Surveillance Sensing Infrared Light Emitting Diode (LED) Market Share Analysis
The surveillance 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 surveillance sensing infrared light emitting diode (LED) market.
Some of the major players operating in the surveillance 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)
- Vishay Intertechnology, Inc. (U.S.)
- Würth Elektronik GmbH & Co. KG (Germany)
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