Diverse Applications to Expand Global IR LED Market to US$792 Million in 2021, Says LEDinside

The value of the infrared (IR) LED market worldwide continues to grow due to rising demand in various applications markets, according to the 2016~2021 Global LED Industry Demand and Supply Database Report by LEDinside, a division of TrendForce. Applications such as security surveillance systems , virtual reality (VR) devices and facial and iris recognition solutions will push up the value of the global IR LED market from about $300 million in 2016 to US$792 million in 2021. Note this estimation excludes revenue from the optical sensor market.
“Surveillance systems currently makes up the largest mainstream application market for IR LEDs,” said Joanne Wu, assistant research manager of LEDinside. “Demand for surveillance cameras with night vision ability has been rising on a yearly basis as countries across the globe invest more in their anti-terrorism capabilities and security infrastructures. This in turn help boost the value of the entire IR LED market.”
 
However, the market value of IR LEDs for the surveillance application has only increased slightly this year mainly because the competition among LED suppliers has led to a significant decline in prices. At the same time, more suppliers are reducing costs by shrinking the size of LED chips and switching to lower-cost packages. Based on LEDinside’s projection, the total market value of IR LEDs used surveillance systems for 2016 will reach US$109 million.
 
Iris and facial recognition solutions are also a major emerging application market IR LEDs. “To meet the growing demand for mobile payment services, Samsung’s latest flagship smartphone Galaxy Note 7 features iris recognition,” Wu pointed out. “Other smartphone brands are expected to follow Samsung’s footsteps and incorporate similar biometric solutions , thus starting a new round of hardware competition.”
 
IR LEDs for the iris and facial recognition application have higher average sales prices, and the widespread promotion of mobile payment services means that devices such as smartphones and notebooks are going to have user authentication mechanisms based on the IR LED technology.  Thus, this application will likely become the primary growth driver of the global IR LED market . 
 
Currently, IR LEDs for iris recognition  are mainly supplied by international LED manufacturers. Taiwanese LED manufacturers offer
products for facial recognition. LEDinside forecast that IR LEDs for iris and facial recognition systems worldwide will have a total market value of US$359 million in 2021.
 
The market releases of VR devices are giving additional growth spurt to the market value of IR LEDs. LEDinside estimates that the market value of IR LEDs for the VR application will arrive around US$14 million in 2016. Future growth in this market is expected. 
 
Motion sensing solutions for the VR devices that are currently on the market can be generally divided into inside-out tracking and outside-in tracking. The former is used by HTC Vive while Oculus Rift is an example of the latter. Both solutions use cameras equipped with IR LEDs and related components for tracking and positioning.

Nonetheless, VR devices are still a nascent stage in development. Designs of a device’s motion sensing feature vary.  It will take time and effort for LED suppliers to develop products for this application and build up manufacturing capacities for them.  These issues create uncertainty over the exact market demand of IR LEDs for the VR application.

2016 UV LED and IR LED Application Market Report
Release: 08 April 2016
Language: Chinese / English
Format:  PDF
Page: 271
 
PART ONE 2016 UV LED Application Market
  • UV LED Market Overview
  • UV LED Market Forecast Analysis
    • 2015-2020 UV LED Market Scale- By Product
    • 2015-2020 UV LED Market Scale- By Application
    • 2013-2015 UV LED Market Price Survey
    • UV LED Market Opportunities and Challenges
  • UV-A LED Market Technology
    • UV-A LED Product Specification and Application Requirement- Epi Wafer, Chip, Package, Module
    • UV-A LED Player Progress
    • UV-A LED Chip Product Analysis
    • UV-A LED Package Product Analysis
  • UV-A LED Application Market Opportunities and Challenges
    • General Curing Market
    • UV Technology Requirements in Curing Application Markets
    • Superior UV Curing Processing Factors
    • UV LED Module Manufacturer List
    • UV Curing Machine List
    • UV Adhesive Manufacturer List
    • General Curing Market v.s. Eqposure Machine Curing Market
    • General Curing Market
    • Coating Application Market Requirement and Equipment Manufacturer List
    • Laminating Application Market Requirement and Equipment Manufacturer List
    • Inkjet Printing Application Market Requirement and Equipment Manufacturer List
    • Nail Curing Application Market Requirement and Equipment Manufacturer List
    • 3D Printing Application Market Requirement and Equipment Manufacturer List
    • Air Purification Application Market Requirement and Equipment Manufacturer List
    • Special Curing Market
    • Exposure Machine Market Requirement and Equipment Manufacturer List
  • UV-A LED Major Players and Business Model Analysis (Chip, Package, Module, System)
    • Europe
    • USA
    • Japan
    • Korea
    • Taiwan
    • China
  • UV-C LED Market Technology
    • UV-C LED Product Specification and Application Requirement- Epi Wafer, Chip, Package, Module
    • UV-C LED Player Progress
    • UV-C LED Chip Technology Challenges and Product Analysis
    • UV-C LED Package Technology Challenges and Product Analysis
  • UV-C LED Application Market Opportunities and Challenges
    • UV-C LED Market Opportunities
    • UV-C LED Market Opportunities- Application Market and Equipment Manufacturer List
  • UV-C LED Major Players and Business Model Analysis (Chip, Package, Module, System)
    • USA
    • Japan
    • Korea
    • China
  • 2016-2018 UV Market Value Chain Analysis
    • 2015 UV Market Value Chain Analysis
    • 2016-2018 UV Market Value Chain Analysis
 
PART TWO 2016 IR LED Application Market
  • Infrared LED Market Overview
  • Infrared LED Market Scale
    • Infrared LED Market Scale- By Application
  • Infrared LED Market Technology
    • Infrared LED Chip
    • Infrared LED Package
  • Infrared LED Application Market Opportunities and Challenges
    • Security Surveillance Market:Product Design, Manufacturer Supply Chain, Market Scale, and Opportunity and Challenge
    • Iris  v.s. Face Recogenition:Product Design, Manufacturer Supply Chain, Market Scale, and Opportunity and Challenge
    • Optical Sensor- Reflective Pulse Oximetry Sensing Module:Product Design, Manufacturer Supply Chain, Market Scale, and Opportunity and Challenge
    • Optical Sensor- Proximity Sensor:Product Design, Manufacturer Supply Chain, Market Scale, and Opportunity and Challenge
    • IR LED in Automated Drive System:Product Design, and Opportunity and Challenge
  • Infrared LED Major Players and Business Model Analysis (Chip, Package / IR LED, Optical Sensor)
    • EU and USA
    • Japan
    • Korea
    • Taiwan
    • China
 
 
If you would like to know more details, please contact:
 
Joanne Wu (Taipei)
joannewu@trendforce.com
+886-2-8978-6488 ext. 912
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