AP NEWS

LEDs in Test/Measurement, Medical/Science: Global Market Forecasts to 2027 - ResearchAndMarkets.com

September 17, 2018

DUBLIN--(BUSINESS WIRE)--Sep 17, 2018--The “Global LEDs in Test/Measurement, Medical/Science Market Forecast” report has been added to ResearchAndMarkets.com’s offering.

Last year (2017), the global consumption value of packaged LED chips in the selected devices reached $426 million, up from $345 million versus the previous year (a 23.5% increase). The value will continue to increase in most product categories, with strong quantity growth, partially offset by a decline of average prices (especially during the 2017-2022 time-frame).

According to the study, the worldwide value of UV-LED packaged chips used specifically for test/measurement, medical and other science applications is forecast to reach over $300 million in 2027. Many devices, which have traditionally used mercury (Hg)-vapor Ultraviolet (UV) lamps are now utilizing LEDs, capable of producing UV radiation, said Stephen Montgomery, president of the California-based consultancy.

This market study is segmented into the following major application categories:

Sensing/Detection and Analytical/Monitoring Photo-therapy/Sanitation/Cell Regeneration/Curing Instrumentation Light Source and Imaging

Sensing/Detection and Analytical/Monitoring applications, in 2017, represented 32.2 percent of the worldwide consumption value of packaged LED chips in the selected test/measurement and medical/science devices. In 2022, the relative market share of LEDs used in the Sensing/Detection and Analytical/ Monitoring applications is forecast to increase to 37.1 percent in value in 2027.

Also, covered in the study are the use of LEDs in horticulture, sterilization of surface areas, air and water, medical, health & beauty Photodynamic Therapy (PDT), as well as medical/science curing, and several other uses. LEDs used in Instrumentation Light Sources and Imaging devices are forecast to increase in value by a multiple factor of over 4x over the next 10-years.

This year (2018), the America region is projected to hold a 35% share of worldwide quantity of LEDs in selected test/measurement and medical/science devices. The Europe, Middle East and Africa (EMEA) region is forecast for aggressive growth. This year, the Asia Pacific region (APAC) is forecast to take a slight lead in relative market share.

Companies Featured

AFL Amphenol Corporation Aptiv Plc Aurora Optics Incorporated Bel Fuse Inc. Belden Incorporated Clearfield, Inc. CommScope Inc. / TE Connectivity Ltd. Corning Incorporated (AFOP) Diamond SA Euromicron Group Fiber Instruments Sales Inc. Fischer Connectors SA Furukawa/Fitel/OFS Glenair Inc. Greenlee Textron Inc., a subsidiary of Textron Inc. Hirose Electric Co., Ltd. Hubbell Incorporated ILSINTECH Inno Instrument ITT Cannon and Veam LEMO Connectors Leviton Manufacturing Co. Incorporated Molex, LLC Optical Cable Corporation (OCC) Radiall SEIKOH GIKEN CO. Ltd. Senko Advanced Components Shenzhen Powerlink Electronic Technology Co. Ltd Smiths Connectors SOURIAU Sumitomo Electric Lightwave (SEI) TE Connectivity Techwin (China) Industry Co. Ltd. 3M Interconnect Solutions

For more information about this report visit https://www.researchandmarkets.com/research/hz6qdh/leds_in?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180917005327/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:LED (Light Emitting Diodes)

KEYWORD:

INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/17/2018 07:31 AM/DISC: 09/17/2018 07:31 AM

http://www.businesswire.com/news/home/20180917005327/en

AP RADIO
Update hourly