UV-LED Market Size In 2021
August 26, 2021
Increase In Demand: From 268 million USD In 2020, The “UV-LED Market” 2021 will register a 21.2% CAGR in terms of revenue over the next five years and the global market size will reach 1044 Million USD by 2026. The high demand for UV-LED which is used in various applications such as sterilization and disinfection, analytic tools, curing and others will drive the UV-LED market. The research report provides key analysis on the market status of the UV-LED manufacturers with best facts and figures, meaning, definition, SWOT analysis, expert opinions and the latest developments across the globe. The report is spread through 121 pages and also calculates the market size, sales, price, revenue, gross margin and market share, cost structure, growth rate and browse data tables and figures with in-depth TOC on UV-LED Market.
What has been the impact of COVID-19 on the global UV-LED market?
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in import and export activities of UV-LED.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
Final Report will add the analysis of the impact of COVID-19 on this industry.
UV-LED Market Report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. This report also provides an balanced and detailed analysis of the on-going UV-LED trends, opportunities/high growth areas, UV-LED market drivers which would help the investors to device and align their market strategies according to the current and future market dynamics.
Who are the leading players in the global UV-LED market?
● LG Innotek
● Seoul Viosys
● DOWA Electronics
● High Power Lighting Corp
● Crystal IS
Short Description About UV-LED Market 2021:
Light Emitting Diode (LED) is a solid-state semiconductor devices, which canconvert the energy from an electric current into light. UV-LED is a kind of LED. Below the visible spectrum lies a band of wavelengths called ultraviolet (UV). Ranging from 100 to 400 nm, the radiation can effectively be used to sterilization, perform forensic analysis, cure materials and disinfect water, among many other applications.
With new application area is developing in this industry, the UV-LED industry has already into flourish period, the UV-LED industry reached a production of approximately 2992.82 K units in 2011, and the production reached 16149.3 K units in 2015. The global UV-LED industry reached a revenue of approximately 32.24 M USD in 2011, and the revenue reached 135.85 M USD in 2015.
Scope of the UV-LED Market Report:
The worldwide Market for UV-LED is valued at 268 million USD in 2020 is expected to reach 1044 million USD by the end of 2026, growing at a CAGR of 21.2% during 2021-2026.
This report focuses on the UV-LED in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
UV-LED Market 2021 is segmented as per type of product and application. Each segment is carefully analyzed for exploring its market potential. All of the segments are studied in detail on the basis of market size, CAGR, market share, consumption, revenue and other vital factors.
Which product segment is expected to garner highest traction within the UV-LED market?
Based on product, the UV-LED market is segmented intoUV-A LED, UV-B LED, UV-C LED and other. The UV-LED products segment dominated the UV-LED market in 2021. Rising extension and new product launches expected to drive the segment growth.
What are the key driving factors for the UV-LED Market?
The increasing use of UV-LED In Sterilization and Disinfection, Analytic Tools, Curing and other industries is driving the growth of the UV-LED market across the globe.
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