Global Synthetic Quartz Glass UV-LED market will reach 483.96 million US$ by the end of 2024

Publisher: QYResearch
Published Date: 2019/10/15

The global revenue of Synthetic Quartz Glass UV-LED market was valued at 179.34 M USD in 2018 and is expected to reach USD 483.96 M USD in 2024. In the future seven years, we predict the CAGR of global revenue is 17.99%.

Asia-Pacific has the largest global export quantity and manufacturers in Synthetic Quartz Glass UV-LED market, while the Europe is the second sales volume market for Synthetic Quartz Glass UV-LED in 2018.

In the industry, LG Innotek profits most in 2018 and recent years, while Honlitronics and Seoul Viosys ranked 2 and 3.The market share of them is10.37%, 9.33% and 8.32% in 2018.The gap of market share is keep on enlarged due to different strategy.

Nowadays, there are three mainly types of Synthetic Quartz Glass UV-LED, including UV-A LED, UV-B LED and UV-C LED. And UV-C LED is the main type for Synthetic Quartz Glass UV-LED, and the UV-C LED reached a sales volume of approximately 17707 K Units in 2018, with 39.08% of global sales volume.

Synthetic Quartz Glass UV-LED technology is not mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.

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