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 AnalysisTo 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.Biometrics Infrared LED Market scope: Inquire before buying
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 & AfricaBiometrics 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 IncorporatedFrequently 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