A device that emits ultraviolet light wherein the emitted light can be used for a variety of applications such as purification, medical instruments and security based tools is a UV LED. In the coming years, in a bid to replace mercury vapor lamps, UV-LED A for curing equipment in the medical sector as well as UV-LED C for preparing curing solutions for coating and printing based industrial applications will become the major trends.
Advancing technologies in this arena will drive the market for UV-LEDs to widen their application forte and extend from printing and coating applications to automotive, electronics and the security sectors as well in coming years whereas reasons such as constraints related to the physical properties of the chips used in UV-LEDs act as deterrents to growth of this market. The increasing avenues of applications of UV-LEDs in various industry sectors will bring new opportunities for the players in the market.
The “Global UV-LED Market Analysis to 2025” is a specialized and in-depth study of the UV-LED industry with a focus on the global market trend. The report aims to provide an overview of global UV-LED market with detailed market segmentation by technology, application and geography. The global UV-LED market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global UV-LED market based on technology, and application. It also provides market size and forecast till 2025 for overall UV-LED market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key UV-LED market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Crystal IS Inc., Koninklijke Philips N.V., Seoul Viosys Co. Ltd., Heraeus Holding GmBH, SemiLEDs Corporation, LG Electronics, Inc., Phoseon Technology, Nichia Corporation, Sensor Electronic Technolgy Inc. and Halma PLC.