Infrared LED Market Analysis

Infrared (IR) LED Segmentation

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 2037 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)

The surveillance segment is expected to hold around 46% share of the global infrared LED market in the year 2037. Moreover, in terms of revenue, the segment was valued at USD 240 million in 2022. The need for surveillance and security cameras has become imperative. Surveillance cameras act as a deterrent to crime by increasing the perceived risk of detection and capture. These cameras play a crucial role in investigating crimes and collecting evidence. Its presence discourages potential criminals and enhances public safety in public spaces and commercial areas, and residential neighborhoods. When it comes to preventing crimes and monitoring the area discreetly, IR LEDs are suitable for covert surveillance, since it is not visible to human eyes.  They can operate without emitting visible light that would draw attention to the camera’s presence.

Our in-depth analysis of the global infrared LED market includes the following segments: