BIS Research - Emerging Technology Market Intelligence

Eco-Friendly UV LED Technology Expanding Its Application Areas Globally

Feb 19, 2018 5:43:37 AM / by BIS Research posted in Electronics & Semiconductor, Ultraviolet LED Market, UV LED Applications, UV LED Market, UV LED Systems, UV LED Technologies, UV-A LED Market, UV-B LED Market, UV-C LED Market, UV LED Industry

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Over the past few years there has been a significant transformation in the UV LED technology as well as in its adoption on a global scale. According to the latest report titled ‘Global Ultraviolet LED Market - Analysis and Forecast (2017-2023)’, the global UV-LED market is expected to reach a value of US$ 1.16 billion by 2023, growing at a CAGR of 28.4% from 2017 to 2023. The market for UV LEDs has expanded more than five folds in the past decade and will soon be at a niche place in the global market.

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