- Opportunity and Forecast, 2016-2025
Infrared (IR) LED, also known as infrared transmitter, transmits light at wavelengths longer than that of the visible light. Although infrared light is not visible to the naked eye, digital cameras can detect its presence. Its operating voltage is approximately 1.4 volts, and current usage is less than 20mA. IR LED offers benefits such as low power consumption, meagre cost, and high security. These devices are used to produce infrared sensors using a combination of receivers, owing to its ability to find applications in remote controls wireless mouse, cameras, and telecommunication modules. R&D activities in this sector have focused on increasing the scope of its applications for surveillance and security purposes.
The global infrared (IR) LED market is driven by factors such as technology advancements, rise in adoption of products across different industry sectors including defense, imaging, lighting, automotive, surveillance, and consumer electronics, and increase in adoption of LED products. Increase in applications of these devices in automotive and military sectors are anticipated to create lucrative opportunities for the market players. In addition, applications of IR LED in handheld devices for identity verification and mobile payment are expected to present new avenues for the market players.
The global infrared (IR) LED market is segmented based on application and geography. The application areas of the industry are automotive, consumer electronics, defense, lighting, imaging, surveillance, and others. The market is analyzed based on four regions, namely Asia-Pacific, North America, Europe, and LAMEA.
The key players operating in the market are Epileds Co. Ltd., Epistar Corporation, Everlight Electronics Co. Ltd., Excelitas Technologies Corp., Fairchild Semiconductors International Inc., Fluke Corporation, High Power Lighting, Kingbright Electronics Co. Ltd., Larson Electronics LLC, and Lextar Electronics Corporation. These market players have adopted various strategies such as new products launch, expansion, collaboration, joint ventures, partnerships, mergers & acquisitions, and other strategies to consolidate their market position and gain competitive edge in the market.
Progressive Markets added a report, Blockchain Distributed Ledger Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025, which says that the global blockchain distributed ledger market is likely to grow at a CAGR of 55.69% from 2018 to 2025. Read More >>