Infrared LED Market Size

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%.