Global IR LED Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

IR LED Chip and IR LED Package.

By Industry Vertical;

Healthcare, Defense, Residential, Industrial and Others.

By Application;

Optical Sensing, Automated Drive Systems, Security & Surveillance and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn222215983 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global IR LED Market (USD Million), 2021 - 2031

In the year 2024, the Global IR LED Market was valued at USD 75,528.93 million. The size of this market is expected to increase to USD 166,970.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12%.

The global IR LED (Infrared Light Emitting Diode) market has witnessed robust growth driven by expanding applications across diverse industries. IR LEDs emit infrared light, which is invisible to the human eye but crucial for various sensing, communication, and illumination purposes. These LEDs find extensive use in consumer electronics, automotive, security and surveillance systems, healthcare devices, and industrial automation.

Key drivers of growth in the global IR LED market include advancements in technology that have led to improved efficiency, reliability, and miniaturization of IR LEDs. This has broadened their application scope, from traditional remote controls and proximity sensors to emerging fields such as facial recognition systems, LiDAR (Light Detection and Ranging), and augmented reality devices.

The demand for IR LEDs has surged with the proliferation of IoT (Internet of Things) devices and smart technologies that rely on infrared communication for data transmission and connectivity. Additionally, increasing adoption in automotive safety systems such as night vision cameras and driver assistance systems further fuels market expansion. As manufacturers continue to innovate and enhance the performance capabilities of IR LEDs, the market is poised for continued growth, driven by ongoing technological advancements and the expanding array of applications across global industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Industry Vertical
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global IR LED Market Dynamics
    1. Drivers, Restraints and OpportunitiesPEST Analysis
      1. Drivers
        1. Technological Advancements
        2. Increasing Adoption in Consumer Electronics
        3. Growth in Automotive Applications
        4. Rising Demand in Security and Surveillance
        5. Expansion of IoT Devices
      2. Restraints
        1. Cost Constraints
        2. Limited Range and Power Efficiency
        3. Regulatory Challenges
        4. Intense Competition
        5. Reliability Concerns
      3. Opportunities
        1. Emerging Applications in Healthcare
        2. Demand from Industrial Automation
        3. Advancements in Communication Technology
        4. Expansion in Aerospace and Defense
    2. Political Analysis
      1. Economic Analysis
      2. Social Analysis
      3. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global IR LED Market, By Component, 2021 - 2031 (USD Million)
      1. IR LED Chip
      2. IR LED Package
    2. Global IR LED Market, By Industry Vertical, 2021 - 2031 (USD Million)
      1. Healthcare
      2. Defense
      3. Residential
      4. Industrial
      5. Others
    3. Global IR LED Market, By Application, 2021 - 2031 (USD Million)
      1. Optical Sensing
      2. Automated Drive Systems
      3. Security & Surveillance
      4. Others
    4. Global IR LED Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Osram Opto Semiconductors GmbH
      2. Vishay Intertechnology, Inc.
      3. Epistar Corporation
      4. Everlight Electronics Co., Ltd.
      5. Kingbright Electronic Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market