Global Industry Analysts Predicts the World Infrared Light-emitting Diodes Market to Reach $710.6 Million by 2026

SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Infrared Light-emitting Diodes - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 8; Released: January 2022
Executive Pool: 397
Companies: 13 - Players covered include Cree, Inc.; EPI LEDS Co., Ltd.; Epistar Corporation; Everlight Electronics Co., Ltd; High Power Lighting Corp.; Lextar Electronics Corporation; Lite-On Technology Corporation; Lumileds Holding BV; M.L.S Electronics Co., Ltd.; Nichia Corporation; Osram Opto Semiconductors GmbH; Toyoda Gosei Co., Ltd.; Vishay Intertechnology, Inc. and Others.

Coverage: All major geographies and key segments
Segments: Application (Surveillance, Consumer Electronics, Automotive, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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Global Infrared Light-emitting Diodes Market to Reach $710.6 Million by 2026
Amid the COVID-19 crisis, the global market for Infrared Light-emitting Diodes estimated at US$361.5 Million, is projected to reach a revised size of US$710.6 Million by 2026, growing at a CAGR of 11.7% over the analysis period. Surveillance, one of the segments analyzed in the report, is projected to record a 11.3% CAGR and reach US$323 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consumer Electronics segment is readjusted to a revised 12.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $109.5 Million in 2021, While China is Forecast to Reach $148.6 Million by 2026
The Infrared Light-emitting Diodes market in the U.S. is estimated at US$109.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$148.6 Million by the year 2026 trailing a CAGR of 15.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 10.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.

Automotive Segment to Reach US$120 Million by the year 2026
In the global Automotive segment, USA, Canada, Japan, China and Europe will drive the 10.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$46 Million will reach a projected size of US$94.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.

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