 LED Market.webp)
Infrared LED Market size was over USD 774.52 Million in 2023 and is projected to reach USD 4.2 Billion by the end of 2036, witnessing around 13.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of infrared (IR) led is assessed at USD 871.41 Million. The rising deployment of security cameras is the key factor for market growth. As of May 2021, around 770 million security cameras were installed in 150 major cities in the world. Nowadays, security cameras are usually equipped with IR LEDs to capture clear images and videos even in pitch-black darkness. IR LEDs emit infrared light that is invisible to human eyes but can be detected by the camera’s image sensor.
Besides this, the higher use of IR LEDs in medical therapies is also expected to augment the IR LED market growth. IR LED therapy can stimulate collagen production and can penetrate deep into the skin. Therefore, it is used for skin tightening and wound healing for removing wrinkles and acne. IR LED promotes cellular activity and enhances blood circulation, which can result in smoother and youthful-looking skin. Therefore, rising problems of acne and fine lines are driving its demand. Moreover, it is also used to mitigate the pain and inflammation caused by arthritis, ankle tendonitis, knee osteoarthritis, and carpal tunnel syndrome. According to one study, infrared light combined with red light treatment lowered osteoarthritis-related pain by over 50%.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
13.9% |
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Base Year Market Size (2023) |
USD 774.52 Million |
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Forecast Year Market Size (2036) |
USD 4.2 Billion |
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Regional Scope |
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Spectral Range (Short-Wave, Medium-Wave, Long-Wave)
The medium-wave segment in the infrared LED market is estimated to gain the largest revenue share of about 60% in the year 2036 and will surpass USD 1 billion by growing at a notable CAGR over the forecasted period. The growth of the segment is attributed to the rising use of identity verification systems in the defense sector. Medium wave OR LEDs are used in friend-or-foe identification systems, also known as IFF systems. These systems employ IR LEDs to emit unique identification codes or signals that can be recognized by corresponding IR sensors or receivers. By utilizing medium wave LEDs, military forces can distinguish friendly units from potential threats, enhancing operational coordination and reducing the risk of friendly fire incidents.
Application (Imaging, Surveillance, Biometrics, Lighting, Remote Sensing)
Our in-depth analysis of the global infrared LED market includes the following segments:
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Spectral Range |
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Technology |
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Application |
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North American Market Forecast
APAC Market Statistics
The Asia Pacific infrared LED market is estimated to be the second largest, registering a share of about 26% by the end of 2036. The increased use of cameras in public places for safety and security is driving up demand for infrared (IR) LED in the region. The establishment of security cameras has become mandatory after the implementation of section-144 of CrPC in India on January 2022, so far around 70,000 cameras have been deployed and even more will be installed in the near future. Moreover, in China, there are nearly 700 million CCTV cameras all over the country, which means that for every 2 people, there is one lens. Security cameras often use motion detection algorithms to trigger recording or alert notifications when movement is detected within the camera’s field of view. Infrared LEDs can help improve the accuracy of motion detection, as they can provide additional illumination and enhance the camera’s ability to detect moving objects in low-light environments.
 LED Market Share.webp)
Author Credits: Abhishek Verma
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