IHS analysts wax on infrared LED and lighting equipment revenues

August 21, 2016 // By Carolyn Mathas
Two new LED/Lighting offerings hit the street from IHS Markit. First, there’s a new research note from IHS, based on 2016 edition of the IHS Markit Optoelectric Components Report that indicates a growing spread between infrared LED global revenues and overall infrared components.

Whereas the former grew 19.8 percent year over year in 2015 from $201.5 million in 2014 to $241.4 million in 2015, the infrared components market declined by 9 percent in the same period.

According to Jamie Fox, principal analyst, IHS Markit, the growth is attributable to increased adoption of biometrics security in mobile phones, close-circuit television and other consumer applications. The leading suppliers named in the report were Osram, Everlight and Vishay were the leading suppliers in 2015.

According to Fox, “The forecast compound annual growth rate of 8.4 percent for infrared LEDS -- from 2015 to 2021 -- compares favourably to overall growth in total infrared component of 4.2 percent. The total market also includes slower-growth categories like photodiodes and phototransistors, Infrared Data Association (IrDA) transceivers and infrared receivers.”

The growth is predominately seen in growing use in CCTV camera and biosecurity in smartphones, tablets, laptop PC and video game consoles. Touchscreens in POS terminals and ATM machines are also applications that are growing. In these cases, the displays are triggered not as direct impact of touch as in the past, but where LEDs are placed along the display’s sides and touch is detected by infrared signal interruption.  The benefit is that this technology isn’t as likely to wear out as with the earlier version.

Source: IHS

The second report, by Paul Bremner, senior analyst, IHS Markit, Lighting Intelligence Service, shows that global revenue for lighting equipment grew 4.6 percent in 2015, down from 4.8 percent growth in 2014.