Burgeoning technological advancements in the manufacturing industries will drive the UV LED market by 2025 with a CAGR of 24.8%.Published Date: Nov 2017
The “UV LED Market to 2025 by Technology (UV-A LED, UV-B LED, and UV-C LED), and Application (Curing, Medical, Electronic Devices, Water Treatment, Security, and Others) – Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of UV LED market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant UV LED players in the market and their key developments.
UV LED Market to 2025 – Global Analysis and Forecast by Technology and Application. UV LED market is expected to grow to US$ 1,311.7 million by 2025 from US$ 178.4 million in 2016. Globally, the way industries function is shifting. All the largest of the industries including automotive, aerospace & defense, retail, healthcare, food & beverages and other manufacturing are adapting novel technologies to meet the transforming consumer and market demands. The manufacturing and services sector across the globe have a distinctive hold over the public imagination. Majority of the industries, make use of UV light for accumulating some of the processes. UV LEDs are majorly used for curing adhesives, laminating and printing, apart from curing the UV LEDs are also primarily used for sterilization and detection of elements that can’t be seen with naked eyes.
The global UV LED market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia-Pacific region is expected to account for the largest share of the global UV LED market in 2016, followed by Europe. The US being key country in North America region will lead UV LED market in this region and is also expected to continue dominance throughout the forecast period from 2017 to 2025. The key players profiled in the report are LG Electronics Inc., Crystal IS, Nichia Corporation, Phoseon Technology, SemiLEDs Corporation, Seoul Viosys Co. Ltd., Halma PLC, DOWA Electronics Materials Co. Ltd., Heraeus Holding GmbH, and Koninklijke Philips N.V.
The report segments the global UV LED market as follows:
Global UV LED Market – By Technology
Global UV LED Market – By Application
Global UV LED Market – By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)
Rest of SAM