Infrared LED revenue growing faster than overall IR components

Increased adoption of biometrics security in mobile phones, close-circuit television and other consumer applications spurred revenue growth in the global market for infrared LEDs from $201.5m in 2014 to $241.4m in 2015, according to Jamie Fox, principal analyst, LEDs and Lighting, at IHS Markit. While infrared LEDs grew 19.8% year-on-year in 2015, the overall infrared components market fell by 9%. Osram, Everlight and Vishay were the leading suppliers.