LED research and where’s the money?
UV LEDs According to Yole Developpement’s new report UV LEDS: Technology & Application Trends, UV LEDs are expected to be a $270M business by 2017, and even up to $300M based on application potential.
The report cites the compact size, low cost of ownership, and environmentally friendly composition of UV LEDs for their potential to continue to replace such incumbent technologies as mercury. Expectations are, according to the research, that this segment will grow from $45M in 2012 to $270M in 2017, a CAGR of 43%, compared with a CAGR of 10% for traditional UV lamps over the same period.
Why such a disparity? Yole says that in 2012, UVA/UVB applications represented 89% of the overall UV LED market, with UV curing the most dynamic and most important market. The whole supply chain is pushing for the technology’s adoption: from UV LED module and system manufacturers to ink formulators. With Heraeus Noblelight’s recent purchase of Fusion UV, major UV curing system manufacturers are involved in the UV LED technology transition.
UV LEDs are also creating new applications that aren’t accessible to traditional UV lamps, such as those that are miniaturized and portable. Recent products include cell phone disinfection systems, nail gel curing, and counterfeit money detectors—and that’s just in 2012.
Reportlinker also recently announced an in-depth report on the Global Smart Lighting Market (2013-2018) by Component, Connectivity, Application and Geography. The report covers the driving factors, restraints and opportunities involved with smart lighting. It profiles companies and provides a view of the competitive landscape. The report looks at lighting type across North and South America, Europe, Asia-Pacific and ROW, including:
- LED lamps
- Fluorescent lamps
- Compact Fluorescents
- High intensity discharge lamps
The report also separates the markets based on components used in smart lighting systems such as sensors, controllers, chipsets and others, as well as the connectivity technology used--wired, wireless and others.
Application areas of smart lighting are categorized into commercial and industrial building, public and government buildings, residential buildings, outdoor lighting and automobiles.