The global infrared LED market size is expected to grow from USD 451.18 million in 2018 to USD 951.59 million by 2025, at a CAGR of 16.10% during the forecast period. Factors such as the growing demand for LEDs in the automotive sector, favorable government regulations, growing adoption of IR LEDs in developing nations, and decreasing prices of IR receivers are expected to drive the demand for infrared LEDs across the globe.
According to Market Research Future, the global IPS displays market has been segmented based on type, application, and region.
Global Mass Flow Controller Market to Witness a Sound Over 2023, Notes MRFR
Primary Drivers and Key Barriers