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UV LED Market Analysis, by Product (Critical Care, Neonatal, Transport and Portable), and Segment Forecasts To 2025

Press Release   •   Apr 02, 2018 02:56 EDT

UV LED Market

UV LEDs are a solid-state semiconductor device that produces light when an electrical current is allowed to flow from the positive (p-type or anode) side of the circuit to the negative (n-type or cathode) side. This is called the ‘p-n junction’. These devices discharge ultraviolet radiation that have wavelength of less than 400nm and incorporates features such as condensed, excellent presentation and cost proficient. Earlier LEDs would only emit a low-intensity red light; nevertheless presently LEDs are accessible across the visible, infrared and ultraviolet wavelengths. It facilitates materials and application in almost all sectors provided appropriate safety and superior performance. UV LED Serves vital role in sterilization of equipments and areas, disinfection of material, phototherapy in healthcare, drying & curing inks, printing for digital, screen and flexographic processes, UV coating for wood surfaces, UV adhesive curing for industrial bonding & Sealing, forensic and many more.

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The end-users requirement for UV LED is anticipated to expand largely in the coming years attributing to upsurge in demand for UVA & UVC products, widen application and availability of technologically advanced UV LED devices that is leading to growth of the market at high speed. Other factors boosting the market growth includes less heat generation, compact & flexible design, less energy devouring lamps & curing, offering extended lifetime benefits, easy on-off switching capability, hazardous material & ozone free environmental advantages and health and safety benefits. Novel applications such as water, surface and air purification and disinfection, flat panel display manufacturing for smart phones, OLED television are the factors that will drive the growth of the market in future. Steady penetration of UV LED technology in the booming of UV curing industry pertaining to its supremacy over conventional technologies such as mercury lamps has led to constant upsurge in the UV LED market. However, manufacturing of chip applied in UV LED and relatively high-price of the product than peer products used for identical application might act as deterrent restricting the growth of the market. Implementation of UV LED in agriculture, food & beverage industry and solar products has unable to obtain desire results that provide lucrative opportunities to expand research in the same field.

Segmentation:
The global UV LED market has been segmented majorly on the basis of colour type, wavelength type, technology type, application and geography. On the basis of colour type, the market is segmented into infrared, yellow, red, orange, green, blue, violet and others. On the basis of wavelength type market is segmented into UVC 280nm, UVB 280 to 315nm and UVA 15 to 400nm. Additionally, On the basis of technology type, the market is segmented into gas UVA, UVB and UVC. On the basis of application, the market is segmented into industrial, medical and scientific, sterilization, and security.

Regional Analysis:By geography, UV-LED market is divided as America, Europe, Asia Pacific and the Middle East & Africa. Currently, Asia-Pacific region is dominating the market accounting for lion’s share of the market. Emerging economies like India, China, South Korea and Taiwan contributing the most revenue owing to expanding application in different sectors including use of UV LED in gemstone identification, currency detection & photocatalysis and dominance of UV LED packaging firms in the region. North America and Europe are even simultaneously running at significant pace in the global UV LED market attributing to highly advanced technology, huge investment in research & development for exploring peculiar applicability of UV LED and deep penetration in the market coupled with broad consumer base.

Global UV LED Market Segmentation

By Wavelength Type:

  • UVC 280nm
  • UVB 280 to 315nm
  • UVA 315 to 400nm

By Applications

  • Industrial
    • UV Curing
    • Coating
    • Printing
    • Tanning
    • Adhesives
  • Medical & Scientific
  • Sterilization
  • Security
  • Forensic Application
  • Counterfeit Detection

By Geography:

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Turkey
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • New-Zealand
    • China
    • Rest of APAC
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Market Players:

  • LG Electronics Inc.
  • Koninklijke Philips N.V.
  • Honle Group
  • Nordson Corporation
  • SemiLEDs Corporation
  • Heraeus Holding GmbH
  • Crystal IS Inc.
  • Seoul Viosys Co, Ltd.
  • Sensor Electronics Technology Inc.
  • Nichia Corporation

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Research ScopeThe study for Global UV LED Market will provide market size, estimates and forecast based on the following years:

Historic data: 2015Base Year Estimate: 2016Forecast: 2017 to 2025

The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.

Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.

The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.

1.Introduction
1.1 Market Definition
1.2. Market Scope

2.Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions

3 Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016