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Global UV LED Technology Market 2018-2022

Global UV LED Technology Market 2018-2022

About this market

The continuously increasing innovations in the UV LEDs is expected to gain significant traction in the market. The ability of UV LEDs to consume upto 70% less energy than conventional CFLs is expected to encourage vendors in innovating with LEDs owing to features including small size, high durability, high resistance to vibration, and low waste as well as maintenance cost. Consequently, the UV LED technology market will register a CAGR of over 37% by 2022.Market Overview

Use of UV LED technology in several new applications

The rapidly increasing use of the UV LEDs in different applications including horticulture and spectroscopy owing to their small size for improving system adjustability and shock resistance is resulting in the rapid growth of the market.

High cost of substrate

The overall production cost of UV LEDs is high owing to the high cost of substrates and other materials used for fabricating the UV-A LEDs, in turn, hindering the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the UV LED technology market during the 2018-2022, view our report.

Competitive Landscape

The market has a moderately fragmented presence of UV LED technology providers increasingly identifying innovative methods for improving the lifespan of UV LEDs. Vendors are making several advancements in the UV LED Technology domain to gain significant advantage over other competitors.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global UV LED technology Market 2018-2022

Technavio recognizes the following companies as the key players in the global UV LED technology market: Asahi Kasei, LG INNOTEK, NICHIA, SEMILEDS, and Seoulviosys.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the innovations in UV LEDs. Vendors are increasingly releasing advanced products for meeting the evolving demands of the consumers.”

According to the report, one of the major drivers for this market is the continuously increasing uses of UV LED technology in different applications.

Further, the report states that one of the major factors hindering the growth of this market is the high cost of substrates resulting in higher production costs, eventually leading to the slower adoption of the UV LEDs.

Companies Mentioned

Asahi Kasei

LG INNOTEK

NICHIA

SEMILEDS

Seoulviosys

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global UV light source market: Segments
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Global UV LED technology market: Segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global UV LED technology market: Market size and forecast 2017-2022 ($ mn)
      • Table Global UV LED technology market: Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition: Five forces 2017
  • Market segmentation by application
    • Overview
      • Table Segmentation by application: Market share 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • UV curing - Market size and forecast 2017-2022
      • Table UV curing: Market size and forecast 2017-2022 ($ mn)
      • Table UV curing: Year-over-year growth 2018-2022 (%)
    • Instrumentation and sensing - Market size and forecast 2017-2022
      • Table Instrumentation and sensing: Market size and forecast 2017-2022 ($ mn)
      • Table Instrumentation and sensing: Year-over-year growth 2018-2022 (%)
    • Counterfeit analysis - Market size and forecast 2017-2022
      • Table Counterfeit analysis: Market size and forecast 2017-2022 ($ mn)
      • Table Counterfeit analysis: Year-over-year growth 2018-2022 (%)
    • Medical phototherapy - Market size and forecast 2017-2022
      • Table Medical phototherapy: Market size and forecast 2017-2022 ($ mn)
      • Table Medical phototherapy: Year-over-year growth 2018-2022 (%)
    • Water and air purification - Market size and forecast 2017-2022
      • Table Water and air purification: Market size and forecast 2017-2022 ($ mn)
      • Table Water and air purification: Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others: Market size and forecast 2017-2022 ($ mn)
      • Table Others: Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by technology
    • Overview
      • Table Segmentation by technology: Market share 2017-2022 (%)
    • Comparison by technology
      • Table Comparison by technology
    • UV-A - Market size and forecast 2017-2022
      • Table UV-A: Market size and forecast 2017-2022 ($ mn)
      • Table UV-A: Year-over-year growth 2018-2022 (%)
    • UV-B - Market size and forecast 2017-2022
      • Table UV-B: Market size and forecast 2017-2022 ($ mn)
      • Table UV-B: Year-over-year growth 2018-2022 (%)
    • UV-C - Market size and forecast 2017-2022
      • Table UV-C: Market size and forecast 2017-2022 ($ mn)
      • Table UV-C: Year-over-year growth 2018-2022 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Segmentation by geography: Market share 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC: Market size and forecast 2017-2022 ($ mn)
      • Table APAC: Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA: Market size and forecast 2017-2022 ($ mn)
      • Table EMEA: Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas: Market size and forecast 2017-2022 ($ mn)
      • Table Americas: Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Innovations in UV LEDs
    • Development of new CSP technology
    • Transition toward large-sized wafers
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Asahi Kasei
      • Table Asahi Kasei: Overview
      • Table Asahi Kasei: Business segments
      • Table Asahi Kasei: Organizational developments
      • Table Asahi Kasei: Geographic focus
      • Table Asahi Kasei: Segment focus
      • Table Asahi Kasei: Key offerings
    • LG INNOTEK
      • Table LG INNOTEK: Overview
      • Table LG INNOTEK: Business segments
      • Table LG INNOTEK: Organizational developments
      • Table LG INNOTEK: Segment focus
      • Table LG INNOTEK: Key offerings
    • NICHIA
      • Table NICHIA: Overview
      • Table NICHIA: Organizational developments
      • Table NICHIA: Key offerings
    • SEMILEDS
      • Table SEMILEDS: Overview
      • Table SEMILEDS: Business segments
      • Table SEMILEDS: Geographic focus
      • Table SEMILEDS: Product segment focus
      • Table SEMILEDS: Key offerings
    • Seoulviosys
      • Table Seoulviosys: Overview
      • Table Seoulviosys: Organizational developments
      • Table Seoulviosys: Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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