Infrared IR LED Market Share Trends Growth

Infrared (IR) LED Market Share, Trends, Growth Opportunities,
Analysis and Forecast 2032

Infrared (IR) LED Market is estimated to record a positive
trajectory during 2023-2032 owing to the increasing adoption of IR LED packages
for surveillance and security cameras. Increasing smart city initiatives and
the growing demand for security & surveillance cameras on streets and roads
to ensure citizen safety will also drive the market growth. Security cameras
are deployed with a series of IR LEDs that help transmit light at night or as
and when the camera is switched to night mode. These cameras can detect
invisible IR wavelengths, enabling them to perform efficiently in the dark.

Overall, the IR LED market is segmented in terms of spectral
range, application, end-use and region.

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Based on spectral range, the Short-wave Infrared (SWIR) LED
segment will accrue notable gains by 2032. Product benefits such as enhanced
image quality and cost-effective operations will positively influence the
short-wave infrared (SWIR) imaging technology market. Besides, SWIR imaging is
beneficial for environmental monitoring, such as detecting leaks in pipelines,
monitoring vegetation health, and detecting air pollution, thus propelling the
SWIR LED market in environmental applications.

By application, the biometric segment will gain huge
momentum during the estimated timeframe. Touchless biometric systems, such as
facial and voice recognition, can be integrated into access control systems,
mobile devices, and kiosks. The IR LED technology is crucial for enabling
touchless biometric systems as it can illuminate individuals' faces or eyes to
capture accurate images for identification or authentication purposes without
physical contact.

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Considering the end-user, the automotive segment captured
more than 140 million market share in 2022. Increasing demand for advanced
safety & convenience features in vehicles will positively influence the
growth of the IR LED market. Increasing deployment of ADAS and safety systems
to empower users monitor and assist in-vehicle functions such as automated
parking and cruise control will propel the automotive sensor market.

Regionally, the Europe IR LED industry will exhibit strong
growth through 2032. The expanding advanced security & surveillance sector
in countries Germany, Italy, and the United Kingdom, will create huge demand
for Infrared (IR) LEDs, thus fueling the regional market share. Besides, with
the rising concerns regarding security & safety, the demand for these
systems is increasing, driving the IR LED market growth.

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