Market Size – USD 290.0 Million in 2019, Market Growth – CAGR of 20.2%, Market Trends – Growth in UV LED lights for different applications
The development of UV light LEDs with the assistance of next generation substrates, and also the rising application areas like medical care and purification, among others, pose a perfect measure for a number of the factors that may contribute towards the expansion of the market over the coming years. However, the transition from the UV light lamps to UV powered LEDs, and also the excessive quantity of thermal heat generation from UV diodes are acting as restraints to the expansion of the worldwide UV light equipped LED market.
The trade players play an ideal role in finding the massive potential because of the fact that they’re extremely financed and more keen on getting into this sector. Few studies counsel that the employment of UV-based water medical care is extremely economical than atomic number 17 technique, because the UV-based water medical care operates has around 122 MW irradiation capability and a wavelength of 270 nm, that takes just about 2 minutes in reducing waste roughly by 90-99%.
In May 2020, Seoul Viosys claimed that client inquiries for its variant named Violed UV LED light which might be used for sterilizing microorganism, increased over 5 times over March, fuelled by issues pertaining to the continued international unfolding of the virus inflicting COVID-19. Together with Korea University, the corporate showcased that its Violed variant might be able to eliminate around 99% of the SARS-COV-2 virus when employed for a 30-second dose from a distance of 3 centimeters, which is likely to boost its demand.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key participants include Lumileds Holding BV, LG Innotek Co. Ltd, Honle UV America Inc., Nordson Corporation, Seoul Viosys Co. Ltd, Semileds Corporation, Aquionics Inc., Crystal IS Inc., Heraeus Holding GmbH and Fuji Xerox Co. Ltd.
Technology Outlook (Revenue, USD Billion; 2017-2027)
UV – A
UV – B
UV – C
Applications Outlook (Revenue, USD Billion; 2017-2027)
Optical Sensors and Instrumentation
Counterfeit Detection
UV Sterilization
Medical Light Therapy
UV Curing
End User Outlook (Revenue, USD Billion; 2017-2027)
Industrial
Residential
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Ultraviolet LEDs Market Segmentation & Impact Analysis
4.1. Ultraviolet LEDs Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing application in end-use industries such as electrical & electronics
4.2.2.2. Growing demand in energy storage
4.2.2.3. Growth of the automotive industry
4.2.2.4. Technological Advancement
4.2.3. Market restraints analysis
4.2.3.1. Availability of substitutes
4.2.3.2. Environmental concerns
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Ultraviolet LEDs Market By Product Type Insights & Trends, Revenue (USD Million)
5.1. Product Type Dynamics & Market Share, 2019 & 2027
5.1.1. Single-Walled Ultraviolet LED
5.1.2. Multi-Walled Ultraviolet LED
Chapter 6. Ultraviolet LEDs Market By Methods Insights & Trends Revenue (USD Million)
6.1. Methods Dynamics & Market Share, 2019 & 2027
6.1.1. Arc Discharge
6.1.2. Laser Ablation of Graphite
6.1.3. Chemical Vapor Deposition (CVD)
Continue…
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