Global IR LED Market to Hit US $792 Million in 2021 - Energy Watch News

Global IR LED Market to Hit US $792 Million in 2021

The global IR LED market is likely to expand from US$300 million in 2016 to US$792 million in 2021, according to LEDinside’s 2016-2021 Global LED Industry Demand and Supply Database Report. Applications like facial and iris recognition solutions, virtual reality (VR) devices and security surveillance systems will push the market to develop and witness huge revenues. At present, the security surveillance system is one of the most promising application markets for IR LEDs. With more and more people investing in anti-terrorism potentialities and security infrastructures, the demand for night vision surveillance cameras is on the rise. This will help to increase the value of IR LED market as a whole.

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