Published Date: 2021-03-22
Request a sample
APAC Infrared (IR) LED Market size is projected to surpass USD 500 million by 2026, according to a latest forecast report by Graphical Research.
The Asia Pacific IR LED market growth is attributed to increasing penetration of robotics & industrial automation in the manufacturing and process industries. According to the World Robotics 2020 report, in 2019, 245,158 units of industrial robots were installed in the Asia Pacific region. Two out of three robots, i.e., 66% of the newly deployed industrial robots across the world were deployed in the Asia Pacific region in 2019. These industrial robots are integrated with IR LEDs for object detection, motion, and remote sensing applications. The proliferation of emerging technologies, such as AI and Industrial IoT, in the manufacturing sector will further boost the market growth.
The 850nm - 940nm segment valued at 100 million in 2019 and is anticipated to witness over 14% CAGR from 2020 to 2026. The market growth is credited to the rising adoption of these LEDs for security and surveillance applications. The 850nm - 940nm wavelength offers several features, such as high-end imaging & confined object detection, thus increasing its adoption in biometrics systems for iris and facial recognition applications. The post-COVID-19 scenario will result in the increasing adoption of non-contact biometric systems in offices, buildings, and factories to contain the spread of the virus, increasing the demand for 850nm - 940nm IR LEDs.
Browse detailed statistical insights from the report, “Asia Pacific Infrared (IR) LED Market Size By Application (Biometrics, Imaging, Lighting, Remote Sensing, Surveillance), By Spectral Range (700nm-850nm, 850nm-940nm, 940nm-1020nm, 1020nm-1720nm), By End-use (Aerospace & Defense, Automotive, BFSI, Consumer Electronics, Education, Healthcare, Industrial, Retail), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1719/asia-pacific-infrared-ir-led-market
The automotive end-use segment is anticipated to register a growth rate of 16.5% through 2026. Growth is attributed to the rising integration of these LEDs into In-Vehicle Infotainment (IVI) and advanced automotive safety systems. Automotive OEMs are focusing on integrating technically advanced ADAS, such as park assistance and driver-monitoring systems, in their upcoming vehicles. In April 2018, Osram Opto Semiconductors launched the Oslon Black LED series automotive with a wide range of spectral bands for interior and exterior automotive applications.
China IR LED market dominated around 40% market share in 2019 and is estimated to expand at over 13% CAGR till 2026 propelled by the favorable government regulations, which are designed to support the local industry. The Government of China is providing subsidies to regional LED suppliers, enabling Chinese manufacturers to provide LED components at a much cheaper rate globally. Subsidies propel industry developments in China. In April 2020, Sanan Optoelectronics, a China-based LED manufacturer, announced to secure subsidies from the Chinese government. The company has received USD 28.15 million from local Chinese governments for R&D activities and plant expansions.
Key players in the market are EPILEDS, Everlight Electronics Co., Ltd., Epistar Corporation, Excelitas Technologies Corporation, Kingbright, Lite-On Inc., Nichia Corporation, and ROHM Semiconductor, among others. Market players are extensively focusing on new product innovations and research & development activities to cater to the high demand in the industry. For instance, in July 2019, EVERLIGHT Electronics Co. launched three new infrared LED products, which have applications in driver facial recognition and smart automation in the automotive industry. The new IR LEDs offer accuracy & sensitivity in touch screens, driver facial recognition, and automated diming of dashboards & rearview mirrors.
The Asia Pacific Infrared LED market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million & volume in million from 2015 to 2026 for the following segments:
Asia Pacific Market, By Spectral Range
Asia Pacific Market, By Application
Asia Pacific Market, By End-use
The above information has been provided for the following countries:
The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
Read More