Info
Info
News Article

IR LED Market Growing At 13 Percent CAGR

News
Surveillance, consumer electronics, and automotive are top three revenue generators, says Technavio

According to the new "˜Global Infrared Light-emitting Diode Market 2017-2021' report by Technavio, the infrared LED market is projected to reach $475.3 million by 2021, at a CAGR of close to 13 percent during the forecast period.

The top three revenue-generating application segments are surveillance, consumer electronics, and automotive

Surveillance

The surveillance segment generates over 40 percent of the overall revenue. These light sources are used for low light levels and night vision applications in CCTV cameras. "The healthy growth of the CCTV camera market will result in constant demand for infrared LEDs," says Navin Rajendra, one of the lead analysts at Technavio for lighting research.

Video quality is a major criterion among end-users, and the integration of infrared LEDs have advanced capability of night vision in CCTV cameras. The demand for CCTV cameras with night vision ability has been increasing as governments across the globe are investing more towards security to enhance safety and instill a sense of wellbeing among its citizens.

Consumer electronics

The consumer electronics segment is projected to grow at a CAGR of close to 16% over the forecast period, driven by the various value-added features such as information security and vital health statistics that they add to the products. Increasing emphasis on consumer safety in consumer electronics products is becoming important, leading to the integration of advanced software such as iris recognition which uses infrared LEDs. Another emerging application for IR LEDs is from the wearable electronics market, especially the health management sector, where vital health statistics need to be monitored.

Automotive

"The automotive industry is experiencing innovation in the field of safety systems, infotainment, advanced driver assistance systems, telematics, and autonomous driving. These features actively involve the integration of infrared LEDs for their operation, thereby driving the global market," says Navin.

Additionally, forward-looking infrared systems are being integrated into automobiles to improve night vision. As the automotive industry is moving toward autonomous driving and other automated features, infrared LEDs will be increasingly incorporated to ensure seamless operation of the vehicle.



AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.

REGISTER FOR FREE

VIEW SESSIONS

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}
Live Event