Uv led market will reach US $1 billion in 2023

The UVB and UVC parts of UV spectrum are more difficult to develop in terms of performance. Therefore, UVB and UVC LEDs require more expensive and time-consuming development, resulting in much higher thresholds for new UVB and uvc led manufacturers. For this reason, UVB/UVC market development is much slower. According to relevant survey data, the proportion of LED market revenue to the overall UV lamp market revenue in 2008 was only 8. Ten years later, today in 2018, the proportion is expected to reach 2, even more than three times that of ten years ago. In the 2008 s, ultraviolet LED was considered as a new technology, which was penetrating into the application fields of counterfeit detection and ultraviolet curing. At that time, the LED industry mainly focused on visible light LEDs for display applications and expected the rise of universal lighting. In the meantime, the number of uv led manufacturers also increased from 10 in 2008 to 65 in 2018. Pierrick Boulay, technology and market analyst at Yole Development, a French market research and strategy consulting company, said: In the past ten years, the number of uv led enterprises has increased from 10 to 65. Since 2010, several visible light LED enterprises have turned to ultraviolet LED to seek new growth momentum and higher profits. Due to the expansion of enterprises and the entry of more enterprises, UV spectrum UVA is a market area with sharp price cuts. The sharp reduction in the price of uva led has further accelerated the adoption of this technology. However, Yole pointed out that in the UV curing Application Market (Ultraviolet LED Market 80) After several years of double-digit revenue growth, the overall market revenue began to decline, as competitors in the highly competitive market slashed prices. It is expected that only companies that can innovate in uva led and UV curing will continue to make profits. The UVB and UVC parts of UV spectrum are more difficult to develop in terms of performance. Therefore, UVB and UVC LEDs require more expensive and time-consuming development, resulting in much higher thresholds for new UVB and uvc led manufacturers. For this reason, UVB/UVC market development is much slower. As the UV curing market begins to stabilize, Yole predicts that the uv led industry will also be in a slowdown. In addition, the expected delay in the UV sterilizer market is also expected. Pars Mukish, manager of Yole's business department, said: We expect the uv led market to grow from 1. 2020 in 2017. $0. 6 billion to $3. $0. 2 billion. Then, the market will be driven by UVC applications and will grow to 1 billion US dollars by 2023. Yole pointed out that a large part of enterprises in the visible light LED industry have turned to uv led. Uv led manufacturers have different strategies, depending on the wavelength of their target products. While manufacturers continue to pay attention to device manufacturing, other manufacturers begin to vertically integrate module and system production. In addition to uv led manufacturers, some new entrants (Mainly at the module and system level)Also trying to enter the industry. Yole pointed out that in the process of pursuing the ultraviolet lighting market, those traditional UVC system suppliers were indifferent, and they adopted a wait-and-see attitude.