In recent years, the booming UV LED market has attracted several new players from different backgrounds, including traditional mercury lamp suppliers, traditional UV curing system suppliers, pure UV LED curing system supplier, visible LED lighting supplier, and substrate suppliers. Each player is addressing different strategies to capture the maximum value created by the disruptive technology.
At the device level, Asian firms have taken the lead in the UV LED lighting market, but recently some Chinese firms have also entered the field. This should increase competition, reduce prices and enable mass application in the medium-to-long term.
Beyond that, as for visible LEDs a few years ago, the value chain is consolidating, with the arrival of pure players mainly at the packaging and system level.This will allow increased performance of UV LEDs and an easier technology transition for traditional UV system makers.