Infrared LED Market Growing At Nearly 8 Percent
Industrial sector is leading revenue growth
According to IHS' latest Research Note on infrared LEDs, the industrial sector is leading growth in infrared market revenue. This is provisionally projected to increase by 7 percent (in $US) in 2015, led by growth in the CCTV camera market. Factory automation light curtains and smoke detectors are also important products in this area.
According to the IHS 'Infrared LEDs - World - 2015 report', from 2014 to 2020 the market is expected to grow at a compound annual growth rate (CAGR) of nearly 8 percent. This growth is supported mainly by solid machinery production growth, high powered infra-red LEDs in CCTVs and smoke detectors.
Due to slowing growth in the mature consumer market (where year-over-year infrared LED revenues are projected to be down nearly 5 percent in 2015) and the economic situation this year in China and the world, 2015 infrared revenue will only grow by 3 percent; however, growth rates are forecast to rise to a healthier 5 percent during the remainder of the decade, as CCTV cameras continue to be one of the key areas of growth in the market.
While the Asia-Pacific (APAC) region accounted for nearly 69 percent of total infrared revenue in the forecast period of 2014 to 2020 (based on products shipped to location), revenue share varies by application. In consumer applications, where low cost emitters for remote controls lead the market, APAC is even more dominant; however, in smoke detectors and CCTV cameras, there is a stronger market in the West -- particularly in Europe.
The infrared market leader is Osram, which leads in revenue in both 2014 and 2015. Other leading suppliers include Everlight, Lite-ON, Sharp and Vishay.
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
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.
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