Global Infrared LED Market to See CAGR of over 9% during 2015-2020.
January 15, 2016 | Business WireEstimated reading time: Less than a minute
Research and Markets has announced the addition of the "Global Infrared LED Market: 2010-2020"report to their offering.
The global infrared LED market is projected to grow at a CAGR of more than 9% during 2015-2020.
Major factors propelling growth in the global infrared LED market include the rising use of infrared LEDs in smartphones for iris recognition, and increasing use of these LEDs in CCTVs and surveillance systems. Asia-Pacific is the largest regional market for infrared LEDs in the world, due to the increasing penetration of these LEDs in smartphones, automotive, surveillance systems and other segments.
Demand for infrared LEDs has been increasing over the last few years, on account of rising penetration of these LEDs in automotive, defense, consumer electronics, etc. Major applications of infrared LEDs include imaging, surveillance, automotive, lighting, etc. Infrared LEDs are also being increasing used in handheld devices for identity verification and mobile payment technologies. Rising security concerns in developing as well as developed countries is driving demand for surveillance devices and biometrics systems that are being deployed across various sectors such as education, defense, healthcare, residential, etc.
Suggested Items
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.
LQDX Divests Aluminum Soldering Business - Mina™ - to Taiyo America Inc.
05/02/2024 | PRNewswireLQDX, formerly known as Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has divested its aluminum soldering business – known as MinaTM – to Taiyo America Inc., a global market leader in advanced electronic materials.
IDTechEx Report on Quantum Technology: Nano-scale Physics for Massive Market Impact
04/30/2024 | PRNewswireThe quantum technology market leverages nano-scale physics to create revolutionary new devices for computing, sensing, and communications. Across the industry, quantum technology offers a paradigm shift in performance compared with incumbent solutions.
Guerrilla RF Completes Strategic Acquisition of GaN Device Portfolio from Gallium Semiconductor
04/29/2024 | BUSINESS WIREGuerrilla RF, Inc. has finalized the acquisition of Gallium Semiconductor's entire portfolio of GaN power amplifiers and front-end modules. Effective April 26th, 2024, GUER acquired all previously released components as well as new cores under development at Gallium Semiconductor.