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Tag Archives: Researchers predict global infrared LED growth at 9% by 2020

Researchers predict global infrared LED growth at 9% by 2020

Researchers predict global infrared LED growth at 9% by 2020

Increasing integration of infrared LEDs in automotive, consumer electronics and other allied industries coupled with rising investments in infrared LED manufacturing to drive global infrared LED market through 2020. According to a TechSci Research report, "Global Infrared LED Market By Application, By Region & Competition Forecast and Opportunities, 2010 - 2020'?, the global market for infrared LEDs is projected to grow at a CAGR of more than 9% during 2015 - 2020, on account of increasing penetration of these LEDs in allied industries such as automotive, defense, consumer electronics, etc

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