UV LED market is expected to grow US$ 1,311.7 million by 2025 from US$ 178.4 million in 2016. The market for UV LEDs has expanded more than five folds over past decade.
Since then the market has witness dramatic transformation in the technology as well as its adoption patters. Earlier the UV LEDs were restricted to specific application such as curing, counterfeit detection and sterilization. However, over the year UV LEDs have conquered the technical specification to cater to various other applications that includes medical, water treatment and electronic devices.
Key trend that are expected to predominantly influence the market in coming year is evolution of new applications in future. The research and development teams in various companies are working towards further technical development of UV LED in order to cater the next generation industries. The UV lights have widespread application in multiple industries, which also includes agriculture, solar products and food & beverages industry.
However, the implementation of UV LEDs is very limited in these industries, as the present UV LED technology is unable to provide desired results. However, professional across the globe are intensively working towards the development of UV LED technologies that would be even more flexible and reliable, along with being cost effective. This trend is anticipated to drive the demand for UV LEDs in various other novel industries.
Key Industry Dynamics
- Global endorsement of energy saving policies
- Rising Demand for Curing Processes
- Burgeoning Technological Advancements in Manufacturing Industry
- Widespread application of UV LED across multiple industries
- Relatively expensive than peer products used for similar applications
- Emergence of novel application to generate new growth opportunities for players in the value chain
- Entry of new players with disruptive technologies would result into decline in cost
- Rise in development of enhanced UV LED packages to cater next generation industries
Key Topics Covered:
1 Tables & Figures
2 Key Takeaways
3 UV LED Market Landscape
4 Global Market – Key Industry Dynamics
5 UV LED Market – Global
6 Global UV LED Market Analysis – By Technology
7 Global UV LED Market Analysis -By Application
8 Global UV LED Market – Geographical Analysis
9 Industry Landscape
10 Competitive Landscape
11 Global UV LED Market – Key Company Profiles
- Koninklijke Philips N.V.
- LG Electronics, Inc.
- Crystal IS Inc.
- Nichia Corporation
- Phoseon Technology
- SemiLEDs Corporation
- Seoul Viosys Co. Ltd.
- Sensor Electronic Technolgy Inc.
- Halma PLC
- Heraeus Holding GmBH
For more information about this report visit https://www.researchandmarkets.com/research/7khkvm/global_uv_led?w=5
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Powered by WPeMatico