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Increasing Adoption of UV LEDs Contributes to Growth of Global UV LED Market

Apr 11 2014

Research and Markets has announced the addition of the "Global UV LED Market Report" report to their offering.

The analysts forecast the Global Ultraviolet (UV) Light Emitting Diode (LED) market to grow at a CAGR of 44.3 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of UV LEDs. The Global UV LED market has also been witnessing the emergence of eco-friendly LEDs. However, issues relating to the commercialization of UV LEDs could pose a challenge to the growth of this market.

The report, the Global UV LED Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the APAC region, Europe, North America, and the rest of the world; it also covers the Global UV LED market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

One of the main trends witnessed in the Global UV LED market is the rapid technological advancements. The performance and application of UV LEDs is constantly increasing with these advancements. These advancements also provide substantial cost, energy, and space saving opportunities for end-users when compared with the use of alternate technologies. The lifespan of UV LEDs has also increased by more than 50,000 hours due to these rapid technological advancements.

According to the report, one of the main factors driving the market is the increased need for security. Thefts related to the use of counterfeits products, such as counterfeit passports, fake currency notes, and fake casino coins, is rising, due to which there is a need for increased security in places such as casinos, airports, and banks.

Further, the report states that one of the main challenges is the unsatisfactory efficiency of lower wavelength applications. In several applications, such as fingerprint identification, medical light therapy, water sterilization, and polymer curing, wavelengths used are very less.

The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Aquionics Inc., Dot Metrics technologies Inc., Luminus Devices Inc., and Seoul Opto Device Co. Ltd.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

1. Executive Summary

2. List of Abbreviations

3. Introduction

4. Market Research Methodology

5. Scope of the Report

6. Market Landscape

7. Geographical Segmentation

8. Vendor Landscape

9. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact