COVID-19 Impacts: Global Infrared Light-Emitting Diode Market will Accelerate at a CAGR of over 5% through 2020-2024|Government Security Initiatives for Video Surveillance to Boost Growth|Technavio

Technavio has announced its latest market research report titled Global Infrared Light-emitting Diode Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the global infrared light-emitting diode market size and it is poised to grow by USD 128.90 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cree Inc., EPILEDS Semiconductor Corp., EPISTAR Corp., Everlight Electronics Co. Ltd., Lextar Electronics Corp., LITE-ON Technology Corp., Lumileds Holding BV, Nichia Corp., OSRAM Licht AG, and Vishay Intertechnology Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Government security initiatives for video surveillance has been instrumental in driving the growth of the market. However, the ongoing slowdown in Chinese economy might hamper the market growth.

Infrared Light-emitting Diode Market 2020-2024 : Segmentation

Infrared Light-emitting Diode Market is segmented as below:

  • Application
    • Consumer Electronics
    • Surveillance
    • Automotive
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44552

Infrared Light-emitting Diode Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our infrared light-emitting diode market report covers the following areas:

  • Infrared Light-emitting Diode Market size
  • Infrared Light-emitting Diode Market trends
  • Infrared Light-emitting Diode Market industry analysis

This study identifies the migration of LED manufacturers to 6-inch wafer substrates as one of the prime reasons driving the infrared light-emitting diode market growth during the next few years.

Infrared Light-emitting Diode Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the infrared light-emitting diode market, including some of the vendors such as Cree Inc., EPILEDS Semiconductor Corp., EPISTAR Corp., Everlight Electronics Co. Ltd., Lextar Electronics Corp., LITE-ON Technology Corp., Lumileds Holding BV, Nichia Corp., OSRAM Licht AG, and Vishay Intertechnology Inc. Backed with competitive intelligence and benchmarking, our research reports on the Infrared Light-emitting Diode Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Infrared Light-emitting Diode Market 2020-2024 : Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist infrared light-emitting diode market growth during the next five years
  • Estimation of the infrared light-emitting diode market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the infrared light-emitting diode market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of infrared light-emitting diode market vendors

Table Of Contents :

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Consumer electronics - Market size and forecast 2019-2024
  • Surveillance - Market size and forecast 2019-2024
  • Automotive - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Cree Inc.
  • EPILEDS Semiconductor Corp.
  • EPISTAR Corp.
  • Everlight Electronics Co. Ltd.
  • Lextar Electronics Corp.
  • LITE-ON Technology Corp.
  • Lumileds Holding BV
  • Nichia Corp.
  • OSRAM Licht AG
  • Vishay Intertechnology Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Infrared Light-emitting Diode Market will grow by $ 128.90 mn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/