"Imaging Infrared Light Emitting Diode (LED) Market – Industry Trends and Forecast to 2029

Global Imaging Infrared Light Emitting Diode (LED) Market, By Spectral Range (700nm-850nm, 850nm-940nm, 940nm-1020nm, 1020nm-1720nm), Power (Low, Medium, High), Function (Emitters, Receivers, Transceivers, Detectors), Technology (Infrared Light Emitting Diode (LED) Chip, Infrared Light Emitting Diode (LED) Package), End-Use (Aerospace and Defense, Automotive, Banking, Financial Services and Insurance (BFSI), Consumer Electronics, Education, Healthcare, Retail, Industrial) – Industry Trends and Forecast to 2029.

Global imaging infrared light emitting diode (LED) market was valued at USD 53,903.30 million in 2021 and is expected to reach USD 177939.81 million by 2029, registering a CAGR of 16.10% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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An infrared light emitting diode is known as the special purpose light emitting diodes which radiate infrared signals at more drawn-out wavelengths. These devices allow cheap and efficient production of infrared lights and can also deliver infrared radiations at the spectral range of 700nm-1mm. The imaging infrared light emitting diode is used to sense the temperature and is detected through the light emitting diodes. They have wide range of applications in the sectors such as aerospace and defense, automotive, banking, financial services and insurance (BFSI) and others.

**Segments**

- By Spectral Range:
- Near-Infrared (NIR)
- Short-Wave Infrared (SWIR)
- Mid-Wave Infrared (MWIR)
- Long-Wave Infrared (LWIR)

- By Application:
- Surveillance and Security
- Automotive
- Consumer Electronics
- Healthcare
- Industrial

- By End-Use Industry:
- Aerospace and Defense
- Healthcare
- Automotive
- Consumer Electronics
- Industrial

**Market Players**

- Excelitas Technologies Corp.
- FLIR Systems, Inc.
- Lumentum Operations LLC
- Epileds Technologies Inc.
- OSRAM Opto Semiconductors GmbH
- Vishay Intertechnology, Inc.
- High Power Lighting Corp
- Leonardo S.p.A.
- Panasonic Corporation

The imaging infrared LED market is segmented based on spectral range, application, and end-use industry. In terms of spectral range, the market is divided into near-infrared (NIR), short-wave infrared (SWIR), mid-wave infrared (MWIR), and long-wave infrared (LWIR) segments. The near-infrared (NIR) segment is widely used in surveillance and security applications, while the short-wave infrared (SWIR) and mid-wave infrared (MWIR) find applications in automotive, healthcare, and industrial sectors. The long-wave infrared (LWIR) segment is prominent in the industrial and healthcare sectors due to its longer wavelength capabilities.

From an application perspective, the imaging infrared LED market caters to various sectors such as surveillance and security, automotive, consumer electronics, healthcare, and industrial applications. The surveillance and security segment hold a significant share in the market due to the increasing demand for advanced security systems globally. Automotive applications of imaging infrared LEDs are growing with the integration of night vision systems and driver assistance features. The healthcare sector utilizes these LEDs for medical imaging and diagnostic equipment, enhancingThe imaging infrared LED market is witnessing steady growth across various spectral ranges, applications, and end-use industries. The near-infrared (NIR) segment is a prominent player in the market, particularly in surveillance and security applications. The NIR LEDs provide enhanced night vision capabilities and are used in CCTV cameras, drones, and other security systems. With the increasing focus on public safety and security, the demand for NIR imaging LEDs is expected to surge in the coming years.

Moving on to the short-wave infrared (SWIR) and mid-wave infrared (MWIR) segments, these spectral ranges find diverse applications in the automotive, healthcare, and industrial sectors. In automotive applications, SWIR and MWIR LEDs are utilized for night vision systems, lane departure warnings, and pedestrian detection features. The ability of SWIR and MWIR LEDs to penetrate smoke, fog, and dust make them ideal for enhancing driver visibility and safety on the roads.

In the healthcare industry, imaging infrared LEDs play a crucial role in medical imaging equipment. These LEDs help in capturing high-quality images for diagnostic purposes and surgical procedures. With the increasing prevalence of minimally invasive surgeries and the demand for advanced imaging technologies, the healthcare sector is expected to be a key driver of growth for the imaging infrared LED market.

The industrial sector also presents significant opportunities for imaging infrared LED applications, especially in monitoring and quality control processes. From detecting faulty products on assembly lines to monitoring temperature variations in machinery, the industrial applications of imaging infrared LEDs are diverse and essential for ensuring operational efficiency and product quality.

When it comes to end-use industries, the aerospace and defense sector stand out as a major consumer of imaging infrared LEDs. These LEDs are utilized in various defense systems, including thermal imaging cameras, targeting systems, and surveillance drones. The aerospace and defense industry's stringent requirements for high-performance imaging technologies underscore the importance of imaging infrared LEDs in this sector.

Overall, the market players in the imaging infrared LED segment, such as Excelitas Technologies Corp., FLIR Systems, Inc**Additional Segments:**

- Spectral Range:
- 700nm-850nm
- 850nm-940nm
- 940nm-1020nm
- 1020nm-1720nm

- Power:
- Low
- Medium
- High

- Function:
- Emitters
- Receivers
- Transceivers
- Detectors

- Technology:
- Infrared Light Emitting Diode (LED) Chip
- Infrared Light Emitting Diode (LED) Package

- End-Use:
- Banking, Financial Services and Insurance (BFSI)
- Education
- Retail

Global Imaging Infrared Light Emitting Diode (LED) Market, By Spectral Range, Power, Function, Technology, and End-Use presents a comprehensive overview of the market landscape and the various factors that drive its growth. The market is segmented based on spectral range, with different ranges catering to specific applications and industries. The power segment categorizes LEDs based on their power output, with low, medium, and high-powered LEDs serving different purposes. The function segment distinguishes between emitters, receivers, transceivers, and detectors, each playing a crucial role in infrared LED applications. The technology segment focuses on the different types of LED chips and packages used in the market, highlighting the advancements in LED technology. Lastly, the end-use segment

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the Imaging Infrared Light Emitting Diode (LED) Market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Imaging Infrared Light Emitting Diode (LED) Market.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Imaging Infrared Light Emitting Diode (LED) Market Landscape

Part 04: Global Imaging Infrared Light Emitting Diode (LED) Market Sizing

Part 05: Global Imaging Infrared Light Emitting Diode (LED) Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

This study answers to the below key questions:

1. What are the key factors driving the Imaging Infrared Light Emitting Diode (LED) Market?
2. What are the challenges to market growth?
3. Who are the key players in the Imaging Infrared Light Emitting Diode (LED) Market?
4. What are the market opportunities and threats faced by the key players?

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