Biometrics Infrared LED Market:Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022 – 2029


Biometrics Infrared LED Market size is expected to reach US$ 2355 Mn. by 2029 from US$ 712 Mn. in 2021, at a CAGR of 16.13% during the forecast period.

Biometrics Infrared LED Market Dynamics

Increasing digitalization to drive the market

The increasing use of the internet and penetration of smartphones has led people towards digitalization. In recent times mostly are using digital wallets for any transactions. To protect these wallets and applications biometric is a widely adopted technology to identify an individual’s identity and, which provides enhanced security from unauthorized access. Most digital banking service providers use biometric security as it is reliable and no need to remember passwords to make transactions or payments compared to passwords or patterns, which is expected to boost the market. However, the preference for biometric data has been increasing among consumers to identify themselves by fingerprint, face recognition, iris scanning, and many more. With biometrics technology, an individual can easily make payments and eliminates remembering passwords or PINs. As the system uses biometrics it matches the fingerprint of an individual with the recorded data before the payment if it doesn’t match the person can’t make the payment. However, Samsung is using facial recognition in combination with iris scanning and fingerprint sensing to create a secure, passive authentication process. According to the report, approximately 5.5 billion biometric-enabled mobile devices are expected to create a platform of 1 trillion cloud-based biometric transactions every year. As result, increasing preference for biometrics security is expected to boost the market across the globe.

Biometrics Infrared LED Market Segment AnalysisGlobal Biometrics Infrared LED MarketTo know about the Research Methodology :- Request Free Sample Report

850nm-950nm is expected to witness the highest growth at a CAGR of 16.13% during the forecast period due to increasing adoption in the automobile sector. This spectral range infrared LED is used for 3D depth sensings such as people detection, gesture recognition, facial recognition, and driver’s fatigue. This provides enhanced road security while driving and reduces the risk of accidents, which is expected to boost the market.

The consumer electronics segment is expected to hold the largest market share of 16.13% by 2029. In today’s time, consumer electronic goods such as smartphones, tablets, laptops, etc. come with biometric securities such as fingerprint, iris scanning, face and voice recognition. The biometric technology is most reliable and user-friendly than passcodes to protect smartphones and tablets from unauthorized access as the technology uses individual biometrics, which provides uniqueness. The use of infrared LED offers accuracy by capturing metrics. The increasing adoption of digital devices such as smartphones and tablets with a standard security system is expected to boost the market in the consumer electronics segment.

Biometrics Infrared LED Regional Insights

North America is expected to witness highest growth during forecast period

North America is expected to witness the highest growth at a CAGR of 16.13% throughout the forecast period. The growth is attributed to the increasing adoption of biometrics in various end-users. The countries like US and Canada are early adopters of technological advancements such as face recognition, iris scanning, fingerprint scanning, etc. for security. However, the US has a large number of presences of biometric infrared LED vendors, and thereby high demand in the country for various applications is expected to boost the market.

The Asia Pacific is expected to witness the fastest growth due to the increasing adoption of smartphones as large populations and emerging digitalization in countries like India and China. China is the largest adopter of biometrics in financial transactions. Biometrics technology is installed around 160 ATMs in 18 districts in China, which is used finger-vein authentication and also works even the person’s skill is sweaty or blistered. However, around 10000 consumers have registered themselves for this new technology. As result, these factors are expected to create many lucrative opportunities for the market in the Asia Pacific.
The objective of the report is to present a comprehensive analysis of the global biometrics infrared LED market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants.

PORTER, SWOT, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding global biometrics infrared LED market dynamic, structure by analyzing the market segments and project global biometrics infrared LED market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global biometrics infrared LED market make the report investor’s guide.

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Global Biometrics Infrared LED Market




Report Coverage
Details




Base Year:
2019
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 712 Mn.




Forecast Period 2022 to 2029 CAGR:
16.13%
Market Size in 2029:
US $ 2355.4 Mn.




 Segments Covered:
by Function
• Emitters
• Receivers
• Transceivers
• Detectors




by Photodiode Spectral Range
• 700nm-850nm
• 850nm-950nm
• 950nm-1020nm
• 1020nm-1720nm




by End-user
• Consumer electronics
• Automobile
• BFSI
• Commercial offices
• Government & defense
• Manufacturing
• Healthcare






Biometrics Infrared LED Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Biometrics Infrared LED Market Key Players are:

• Everlight
• Vishay Intertechnology
• Epistar
• Rohm Semiconductor
• Cree
• Bright Light Systems
• GeneSiC
• Nichia
• OSRAM
• Seoul Semiconductor
• MACOM
• Lumileds
• Qorvo
• Sanken World
• ON Semiconductor
• Ixys
• STMicroelectronics
• Semtech
• Elmos Semiconductor
• Maxim Integrated
• AVX
• Lumileds
• Diodes Incorporated

Frequently Asked questions

1. What is the market size of the Global Biometrics Infrared LED Market in 2021?
Ans. The market size Global Biometrics Infrared LED Market in 2021 was US$ 712 Million.

2. What are the different segments of the Global Biometrics Infrared LED Market?
Ans. The Global Biometrics Infrared LED Market  is divided into Function, End-user and Photodiode Spectral Range.

3. What is the study period of this market?
Ans. The Global Biometrics Infrared LED Market will be studied from 2021 to 2029.

4. Which region is expected to hold the highest Global Biometrics Infrared LED Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Biometrics Infrared LED Market?
Ans. The Forecast Period of the market is 2022-2029 in the market. 




1.Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Biometrics Infrared LED Market Size, by Market Value (US$ Mn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2019
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Biometrics Infrared LED Market
3.4. Geographical Snapshot of the Biometrics Infrared LED Market, By Manufacturer share
4. Global Biometrics Infrared LED Market Overview, 2021-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Products
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Biometrics Infrared LED Market
5. Supply Side and Demand Side Indicators
6. Global Biometrics Infrared LED Market Analysis and Forecast, 2021-2029
6.1. Global Biometrics Infrared LED Market Size & Y-o-Y Growth Analysis.
7. Global Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
7.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
7.1.1. Emitters
7.1.2. Receivers
7.1.3. Transceivers
7.1.4. Detectors
7.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
7.2.1. 700nm-850nm
7.2.2. 850nm-950nm
7.2.3. 950nm-1020nm
7.2.4. 1020nm-1720nm
7.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
7.3.1. Consumer electronics
7.3.2. Automobile
7.3.3. BFSI
7.3.4. Commercial offices
7.3.5. Government & defense
7.3.6. Manufacturing
7.3.7. Healthcare
8. Global Biometrics Infrared LED Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
9.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
9.1.1. Emitters
9.1.2. Receivers
9.1.3. Transceivers
9.1.4. Detectors
9.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
9.2.1. 700nm-850nm
9.2.2. 850nm-950nm
9.2.3. 950nm-1020nm
9.2.4. 1020nm-1720nm
9.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
9.3.1. Consumer electronics
9.3.2. Automobile
9.3.3. BFSI
9.3.4. Commercial offices
9.3.5. Government & defense
9.3.6. Manufacturing
9.3.7. Healthcare
10. North America Biometrics Infrared LED Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
11.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
11.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
11.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
12. Canada Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
12.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
12.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
12.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
13. Mexico Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
13.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
13.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
13.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
14. Europe Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
14.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
14.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
14.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
15. Europe Biometrics Infrared LED Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K. Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
16.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
16.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
16.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
17. France Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
17.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
17.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
17.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
18. Germany Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
18.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
18.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
18.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
19. Italy Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
19.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
19.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
19.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
20. Spain Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
20.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
20.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
20.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
21. Sweden Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
21.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
21.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
21.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
22. CIS Countries Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
22.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
22.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
22.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
23. Rest of Europe Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
23.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
23.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
23.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
24. Asia Pacific Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
24.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
24.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
24.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
25. Asia Pacific Biometrics Infrared LED Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
26.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
26.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
26.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
27. India Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
27.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
27.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
27.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
28. Japan Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
28.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
28.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
28.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
29. South Korea Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
29.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
29.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
29.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
30. Australia Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
30.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
30.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
30.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
31. ASEAN Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
31.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
31.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
31.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
32. Rest of Asia Pacific Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
32.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
32.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
32.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
33. Middle East Africa Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
33.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
33.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
33.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
34. Middle East Africa Biometrics Infrared LED Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
35.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
35.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
35.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
36. GCC Countries Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
36.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
36.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
36.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
37. Egypt Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
37.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
37.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
37.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
38. Nigeria Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
38.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
38.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
38.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
39. Rest of ME&A Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
39.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
39.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
39.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
40. South America Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
40.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
40.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
40.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
41. South America Biometrics Infrared LED Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
42.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
42.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
42.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
43. Argentina Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
43.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
43.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
43.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
44. Rest of South America Biometrics Infrared LED Market Analysis and Forecasts, 2021-2029
44.1. Market Size (Value) Estimates & Forecast By Function, 2021-2029
44.2. Market Size (Value) Estimates & Forecast By Photodiode Spectral Range, 2021-2029
44.3. Market Size (Value) Estimates & Forecast By End-user, 2021-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Biometrics Infrared LED Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment
45.2.2. New Product Launches and Product Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile: Key Players
45.3.1. Everlight
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Product Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. Vishay Intertechnology
45.3.3. Epistar
45.3.4. Rohm Semiconductor
45.3.5. Cree
45.3.6. Bright Light Systems
45.3.7. GeneSiC
45.3.8. Nichia
45.3.9. OSRAM
45.3.10. Seoul Semiconductor
45.3.11. MACOM
45.3.12. Lumileds
45.3.13. Qorvo
45.3.14. Sanken World
45.3.15. ON Semiconductor
45.3.16. Ixys
45.3.17. STMicroelectronics
45.3.18. Semtech
45.3.19. Elmos Semiconductor
45.3.20. Maxim Integrated
45.3.21. AVX
45.3.22. Lumileds
45.3.23. Diodes Incorporated
46. Primary Key Insights
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