Infrared Light-emitting Diode Market will register a CAGR of 4.04% during 2021-2025. The market’s growth momentum will Accelerate.
Increasing government security initiatives for video surveillance | Strong government initiatives for promoting LEDs | Increasing integration of biometrics in consumer electronics will be one of the major factors driving the growth of this market. Additionally, key Infrared Light-emitting Diode Market trends such as the Migration of LED manufacturers to 6-inch wafer substrates | Increasing number of smart cities | Ability of infrared LEDs in assisting driver monitoring systems will also influence market growth during the forecast period.
Infrared Light-emitting Diode Market Size
Get a FREE sample for more insights on the growth and the market share of various regions
During the forecast period, the Infrared Light-emitting Diode Market size will grow by $ 152.34 mn.
Infrared Light-emitting Diode Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Infrared Light-emitting Diode Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Ongoing slowdown in Chinese economy affects IR LED market | Time-to-market pressure on LED manufacturers | Indoor limitations of IR LEDs will also challenge the growth of the companies.
Cree Inc. | Epileds Technologies Inc. | Everlight Electronics Co. Ltd. | High Power Lighting Corp. | Lextar Electronics Corp. | Lumileds Holding BV | Marktech Optoelectronics Inc. | OSRAM GmbH | ROHM Co. Ltd. | Vishay Intertechnology Inc..list
are some of the companies covered in Technavio’s Infrared Light-emitting Diode Market report for 2021-2025.
Infrared Light-emitting Diode Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Infrared Light-emitting Diode Market.
The APAC will account for the largest Infrared Light-emitting Diode Market share and during 2021-2025, the region will contribute to 69% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Infrared Light-emitting Diode Market report also analyzes the market by Consumer electronics | Surveillance | Automotive | Others | APAC | North America | Europe | South America | MEA
Commentaires