DUBLIN--(BUSINESS WIRE)--The "Global UV LED Market - Segmented by Technology, Application, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The UV LED market was valued at USD 204.54 million in 2017, and is expected to reach USD 692.54 million by 2023, recording a CAGR of 22.54% during the forecast period of 2018-2023.
The UV LED market has been gaining traction in recent times, and the demand for the market's offerings is anticipated to increase, owing to various factors, such as international conventions, which could eventually wipe out the entire set of alternative products.
The market studied is also driven by several innovations and increasing applications of offerings. Another factor that favors the market's growth is the eco-friendly composition of products, which offers it a competitive edge over alternative offerings.
Increasing LED penetration in the global lighting market is also anticipated to significantly contribute to the market studied, because, in 2015, LED lighting accounted for around 39% of the LED market, thus indicating the broad scope for UV LED in the lighting market.
Key Highlights
- Increasing Adoption of UV Curing Expected to Drive the UV LED Market
- North America Expected to Account for the Largest UV LED Market Share
Developments in the Market
- LG Innotek announced the development of the world's first 100 mW UV-C LED. This development was two years ahead of the industry forecast, which predicted that such a development would be successful by 2020.
-
Koninklijke Philips NV sold its shares in Lumileds and retained only
19.1% shares, whereas, Apollo Global Management bought an 80.1% stake
in LEDs and automotive lighting products.
Companies Profiled
- Lumileds Holding BV
- LG Innotek Co. Ltd
- Nordson Corporation
- Honle UV America Inc.
- Seoulviosys Co. Ltd
- Nichia Corporation
- Semileds Corporation
- Halma PLC
- Crystal IS Inc.
- Heraeus Holding GmbH
- Fuji Xerox Co. Ltd
Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. UV LED Market Insights
5. UV LED Market Dynamics
6. Global UV LED Market Segmentation
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Future of the Global UV LED Market
For more information about this report visit https://www.researchandmarkets.com/research/htf8sb/global_uv_led?w=4
