by an amalgamation of acceptable intensity range and sufficient spectral range of electromagnetic spectrum. Increasing security concerns in developing as well as developed countries is driving the demand for surveillance devices and biometrics systems, globally. IR LEDs are being used in CCTV cameras, biometric ID applications, infrared imaging and various other applications in the surveillance industry.

Asia-Pacific – The largest infrared LED market

Geographically, Asia-Pacific has been the largest contributor to the global IR LED market and is also expected to register significant growth, during the forecast period. The growth of infrared based products, such as IR LED, IR emitter and receiver, in Asia-Pacific can be mainly ascribed to the growth of emerging economies of the region, including China and India. Moreover, Asia-Pacific has emerged as a hub for majorFor biometric ID applications, these LEDs are commonly used as an amalgamation of ID technologies and sensors. IR LEDs are being used as essential light sources of emerging technologies. With the growing demand for such technologies, the market for IR LED is expected to increase in near future. Moreover, favorable legal, social and political perspectives, surging investments in government security projects, expeditious proliferation of HD CCTVs and expanding applications of biometrics, are the major factors accelerating the demand for IR LEDs in the surveillance industry.

Intensity of rivalry remains high in the global IR LED market

The global IR LED market is highly fragmented due to the presence of large number of regional and international players across the globe. Due to the fragmented nature of the market, the competition among