Infrared LED Market Top Impacting Factors that Can Win the Industry Globally by 2034.
Infrared LED Market Overview
The global Infrared LED market is experiencing significant growth, driven by the increasing demand for infrared (IR) technology across various industries such as security, automotive, healthcare, and consumer electronics. Estimated at USD 6.4 billion in 2022, the market is expected to grow from USD 6.86 billion in 2023 to USD 12.8 billion by 2032. This represents a compound annual growth rate (CAGR) of 7.17% during the forecast period from 2024 to 2032.
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