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The infrared (IR) light-emitting diode (LED) market size is forecast to increase by USD 313.1 million at a CAGR of 9.45% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. One major factor is the increasing government initiatives for video surveillance, Security which is leading to a surge in demand for IR LED used in night vision and thermal imaging applications. Another trend is the expanding use of IR LEDs in driver monitoring systems, as automotive manufacturers seek to improve safety features in vehicles. Additionally, time-to-market pressure on IR LED manufacturers is driving innovation and advancements in production processes and technology. These factors, among others, are expected to fuel the growth of the IR LED market in the coming years.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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