Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
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.
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.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
