Global Infrared Light-emitting Diode Market 2022-2026
According to the report, the market size for infrared light-emitting diodes is expected to grow by $206.8 million from 2022 to 2026, with a CAGR of 8.06% during the forecast period.
The report provides a comprehensive analysis of the infrared light-emitting diode market, including market size and forecasts, trends, growth drivers, challenges, and vendor analysis covering approximately 25 vendors.
It offers the latest analysis of current global market trends and drivers, as well as the overall market environment. The market is driven by increased government security measures for video surveillance, strong government initiatives promoting LEDs, and the integration of biometrics into home appliances.
This research identifies the capability of infrared LEDs to support surveillance systems as one of the key factors driving growth in the infrared light-emitting diode market in the coming years. It also notes that the rise of smart cities and the transition of LED manufacturers to 6-inch wafer substrates will lead to significant demand in the market.