The global IR LED market is expected to reach $784.8 million by 2023, registering a CAGR of 14.3% during 2017 - 2023. An IR LED refers to infrared light emitting diode, which appears similar to the common LED, with the only difference that it emits light in infrared range of the electromagnetic radiation spectrum. Such LEDs are mainly composed of gallium arsenide or aluminum gallium arsenide. These LEDs, along with IR receivers, are usually used as sensors. IR LEDs are widely being used in the biometric ID applications, military applications and surveillance applications.
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The market for IR LED is expected to register the highest growth in Asia-Pacific, during the forecast period. The emerging countries in Asia-Pacific, including India, China and Vietnam, are making huge investments in new product launches in the IR LED market.
Surveillance industry has been contributing the largest revenue to the global IR LED market. IR LED offers night vision capability in military applications to provide effective vision in unclear atmospheric conditions, such as fog, smoke, dust and airborne obscurant. Night vision refers to the ability to see in total darkness, which is made possible by an amalgamation of acceptable intensity range and sufficient spectral range of electromagnetic spectrum. Increasing security concerns in developing as well as developed countries is driving the demand for surveillance devices and biometrics systems, globally. IR LEDs are being used in CCTV cameras, biometric ID applications, infrared imaging and various other applications in the surveillance industry.
Geographically, Asia-Pacific has been the largest contributor to the global IR LED market and is also expected to register significant growth, during the forecast period. The growth of infrared based products, such as IR LED, IR emitter and receiver, in Asia-Pacific can be mainly ascribed to the growth of emerging economies of the region, including China and India. Moreover, Asia-Pacific has emerged as a hub for major original equipment manufacturers (OEMs) for miscellaneous infrared-related products, which makes it a booming market for IR LED.
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Surveillance industry is expected to contribute highest to the global IR LED market. Increase in installation of closed-circuit television (CCTV) cameras to inhibit unauthorized entry and access is expected to spur the growth of this market, over the next few years. CCTV cameras are integrated with IR LEDs as a key element that offers low-light level applications. Uninterrupted technological advancements in IR LED lead to more reliable and long lasting IR LEDs with advanced image enhancements. Additionally, integration of CCTV cameras with IR LED provides improved optical output and near-field imaging applications. These cameras are widely being owned by security conscious individuals, commercial establishments and governments across the globe.
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Some of the major companies operating in the global IR LED market include EPILEDS, EPISTAR, EVERLIGHT, NICHIA., OSRAM Opto Semiconductors and Vishay Intertechnology.
Get a free sample of this research report: https://www.psmarketresearch.com/market-analysis/ir-led-market/report-sample
The market for IR LED is expected to register the highest growth in Asia-Pacific, during the forecast period. The emerging countries in Asia-Pacific, including India, China and Vietnam, are making huge investments in new product launches in the IR LED market.
Surveillance industry has been contributing the largest revenue to the global IR LED market. IR LED offers night vision capability in military applications to provide effective vision in unclear atmospheric conditions, such as fog, smoke, dust and airborne obscurant. Night vision refers to the ability to see in total darkness, which is made possible by an amalgamation of acceptable intensity range and sufficient spectral range of electromagnetic spectrum. Increasing security concerns in developing as well as developed countries is driving the demand for surveillance devices and biometrics systems, globally. IR LEDs are being used in CCTV cameras, biometric ID applications, infrared imaging and various other applications in the surveillance industry.
Geographically, Asia-Pacific has been the largest contributor to the global IR LED market and is also expected to register significant growth, during the forecast period. The growth of infrared based products, such as IR LED, IR emitter and receiver, in Asia-Pacific can be mainly ascribed to the growth of emerging economies of the region, including China and India. Moreover, Asia-Pacific has emerged as a hub for major original equipment manufacturers (OEMs) for miscellaneous infrared-related products, which makes it a booming market for IR LED.
Explore report at: https://www.psmarketresearch.com/market-analysis/ir-led-market
Surveillance industry is expected to contribute highest to the global IR LED market. Increase in installation of closed-circuit television (CCTV) cameras to inhibit unauthorized entry and access is expected to spur the growth of this market, over the next few years. CCTV cameras are integrated with IR LEDs as a key element that offers low-light level applications. Uninterrupted technological advancements in IR LED lead to more reliable and long lasting IR LEDs with advanced image enhancements. Additionally, integration of CCTV cameras with IR LED provides improved optical output and near-field imaging applications. These cameras are widely being owned by security conscious individuals, commercial establishments and governments across the globe.
Make enquiry before buying the report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=ir-led-market
Some of the major companies operating in the global IR LED market include EPILEDS, EPISTAR, EVERLIGHT, NICHIA., OSRAM Opto Semiconductors and Vishay Intertechnology.
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