UV LED market is expected to grow US$ 1,311.7 million by 2025 - Aarkstore
The market for UV LEDs has expanded more than five folds over past decade. Since then the market has witnessed the dramatic transformation in the technology as well as its adoption patterns. Earlier the UV LEDs were restricted to a specific application such as curing, counterfeit detection and sterilization. However, over the year UV LEDs have conquered the technical specification to cater to various other applications that include medical, water treatment and electronic devices.
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A key trend that is expected to predominantly influence the market in a coming year is an evolution of new applications in future. The research and development teams in various companies are working towards the further technical development of UV LED in order to cater the next-generation industries.
UV LED market by application is segmented into curing, medical, electronic devices, water treatment (purification & wastewater management), security and others (mineralogy, astronomy, pest control and home cleaning).
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The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the UV LED package manufacturing industry
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