UV LED Market size is expected to reach $1.71 billion by 2027

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UV LED Market
The UV LED market in Asia-Pacific is expected to
grow at the highest CAGR during the forecast
period, owing to rise in industrialization and
increase in manufacturing activities in India,
China, and South Korea. Moreover, this region is
anticipated to gain significant growth during the
forecast period, owing to major vendors based in
Japan and China are making huge investments in
line with the expanding applications of UV LEDs
such as disinfection and sterilization.
Avinash Savekar Lead Analyst, Semiconductors
Electronics at Allied Market Research
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UV LED Market
According to a new report published by Allied
Market Research, titled, UV LED Market by Type,
Application, and End User Opportunity Analysis
and Industry Forecast, 20202027 the global UV
LED industry size was valued at 0.35 billion in
2019, and is projected to reach 1.71 billion by
2027, registering a CAGR of 21.7 during the
forecast period. The UV LED market is gaining
popularity and emerging as a strong replacement
for traditional incandescent bulbs. Furthermore,
increase in demand for the UV LED lightings from
the developed countries and growth in the
awareness among the consumers in the developing
nations are expected to boost the market growth.
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UV LED Market
Region wise, the mixed signal IC market share has
been analyzed across North America, Europe,
Asia-Pacific, and LAMEA. North America garnered
the highest revenue in 2019 however, the market
in Asia-Pacific is expected to grow at a faster
rate as compared to other regions. Factors such
as increase in adoption of 5G technology, low
power consumption by mixed signal ICs, and rise
in demand for consumer applications are expected
to contribute toward the market growth in
Asia-Pacific. The mixed signal SoC segment was
the largest revenue contributor in 2019, and is
expected to grow at a CAGR of 6.9 from 2020 to
2027. This is attributed to the fact that mixed
signal SoCs are widely used across number of
end-use industries such as consumer electronics,
medical healthcare, IT telecommunication,
military defense, and automotive. Moreover, low
power consumption by mixed signal SoCs notably
boosts their adoption, globally. 
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UV LED Market

• Key Findings of the Study
• In 2019, the UV-A segment accounted for the
  maximum revenue and is projected to grow at a
  notable CAGR of 16.0 during the forecast period.
   
• The disinfection/purification segment accounted
  for more than 30.0 of the UV LED market share in
  2019.
• The UV-C segment is expected to witness highest
  growth rate during the forecast period.
• China was the major shareholder in the
  Asia-Pacific UV LED market, accounting for
  approximately 30.0 share in 2019. 

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UV LED Market

• Major Companies
• Nordson Corporation
• LG Innotek Co. Ltd.
• Lumileds Holding B.V
• Nichia Corporation
• OSRAM
• Koninklijke Philips N.V.
• Semileds Corporation
• Crystal IS
• Sensor Electronic Technology
• Phoseon Technology

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UV LED Market
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