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UV LED Market by Type (UV-A, UV-B, and UV-C), Material (Silicon Carbide, Gallium Nitride, Sapphire, and Other), and Application (Curing, Purification, Indoor Gardening, Counterfeit detection, and others), and Industry Vertical (Healthcare & Medical, Agriculture, Industrial, Residential, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027

A04596
Pages: 337
Aug 2020 | 4268 Views
 
Author(s) : Avinash Savekar , Vineet Kumar
Tables: 204
Charts: 73
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Global UV LED Market Outlook - 2027

The global UV LED market size is expected to reach $1.71 billion by 2027 from $0.35 billion in 2019, growing at a CAGR of 21.7% from 2020 to 2027.    

Healthcare and Medical segment impacted positively, due to COVID 19 scenario.

The ultraviolet (UV) LED technology can convert electrical energy into ultraviolet light. The production of UV LED products involves implementing numerous technologies such as UV-A, UV-B, and UV-C. It operates usually below 100 Fahrenheit temperature. In the past, the application of UV LED was limited to certain specific applications such as curing, counterfeit, forensic, and others. However, with the developments and advancements in technology, it has witnessed adoption into the mainstream applications such as disinfection, purification, indoor gardening, sterilization, and medical phototherapy. 

UV-LED--Market-2020-2027

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The UV LED market is expected to take over the conventional UV mercury lamps market due to features such as low power consumption, tight tolerance of wavelengths, long life, and environmentally friendly. End users such as government organizations, manufacturing units, commercial complexes, residential buildings, and healthcare organizations are increasingly emphasizing on maintaining a certain level of security, hygiene, and monitoring measures. As a result, there has been a dramatic increase in the demand for disinfected appliances such as water purifiers and air purifiers among many others.

There are many advantages that an UV LED system offers over an analog UV and mercury-based lamps. UV LED lamps have high luminous efficiency, due to which it can minimize the consumption of power more than 60%. In addition, it is very flexible, efficient, and instantly exhibit higher productivity without warmup, which help in eliminating the need for auxiliary devices such as exhaust duct or deodorizing device. The U.S. has the largest market share, owing to high investment on R&D of UV LEDs. The country is also promoting UV LED lamps for horticulture and agriculture LED lights. However, the recently imposed tariffs by the U.S. government is hampering the LED lighting businesses in the U.S. as these measures increase the cost of such products significantly. Other countries are also focusing on the development of this technology. For example, Acuva Technologies, a Canadian-based company, has been funded around 2.1 million by the government for developing UV-C LED for water purification system.

The prominent factors that drive the UV LED market growth include rise in utilization of UV curing system, due to initiatives by government specifically in the U.S. and European countries to execute eco-friendly curing technologies, are encouraging industries to adopt UV curing systems; rapid growth in the usage of environment safe LEDs, owing to leading manufacturers associated with LEDs are seeking an eco-friendly method, which delivers better and consistent performance than the conventional solvent-borne systems; and government indicatives toward energy efficiency products. However, factors such as high installation cost as well as the investment required for the production is expected to hamper the UV LED market growth. Furthermore, increase in trend toward the development of advanced UV LEDs for newer applications and evolution of highly efficient UV LEDs are expected to offer lucrative opportunities for UV LED industry. Moreover, high efficacy of UV LEDs is expected to be available in the commercial market in future and create a demand for the same in numerous applications. 

The global UV LED market is analyzed on the basis of type, application, industry vertical, and region. Based on type, the market is categorized into UV-A, UV-B, and UV-C. Based on application, the market is divided into UV curing, purification, indoor gardening, counterfeit detection, and others. On the basis of industry vertical, the market is divided into healthcare and medical, agriculture, industrial, residential, and commercial. 

Region wise, the UV LED market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).  

Top Impacting Factors

The prominent factors that drive the growth of the UV LED market include growth in utilization of UV curing system, rapid increase in the usage of environment safe LEDs, and government indicatives toward energy efficiency products. However, factors such as high installation cost as well as the investment required for the production is expected to hamper the UV LED market growth. Furthermore, increase in trend toward the development of advanced UV LEDs for newer applications and evolution of highly efficient UV LEDs are expected to offer lucrative opportunities for the market expansion.  

Competition Analysis

Competitive analysis and profiles of the major Nordson Corporation, LG Innotek Co. Ltd., Lumileds Holding B.V, Nichia Corporation, OSRAM, Koninklijke Philips N.V., Semileds Corporation, Crystal IS, Sensor Electronic Technology, and Phoseon Technology are provided in this report.  

Covid-19 Impact Analysis

The world is facing an economic crisis caused by COVID-19 pandemic. The pandemic has severely affected several industries such as automotive, energy, consumer electronics, agriculture, industrial, residential, and commercial. Manufacturing units are hampered due to shutdowns and the unavailability of labor or raw materials. 

Further, there is a restriction on foreign trades due to the lockdown of national borders, distribution channels, and various government laws to take precautionary measures for public health and safety. However, owing to this pandemic, there will be an increasing focus on hygiene and sanitation due to the rise in public concern for a better and safer lifestyle. 

UV LED Market
By Type

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UV-C segment is projected as one of the most lucrative segments.

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An increase in the demand for UV system in healthcare and medical sector is likely to drive the UV LED market share during the forecast period.  The business for UV systems specific to healthcare industry is less affected as compared to other verticals. 

UV LED Market
By Industry Vertical

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Healthcare and Medical segment is expected to secure leading position during forecast period.

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As UV systems are widely used in a variety of medical application such as dialysis machines, catheters, hearing aids, hydrogels, and test strips. There is an increased demand for medical equipment and other required devices for helping COVID-19 patients and stopping the spread of the virus. These factors are expected to create high demand for UV LED industry.    

UV LED Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 25.4% during 2020-2027

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global UV LED market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall UV LED market analysis is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and UV LED market opportunities with a detailed impact analysis. 
  • The current UV LED market forecast is quantitatively analyzed from 2017 to 2027 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the UV LED market share of key vendors.  
  • The report includes the UV LED market trends and the market share of key vendors.

Key Market Segments

By Type

  • UV-A
  • UV-B
  • UV-C

By Application

  • Curing
  • Disinfection/Purification
  • Indoor Gardening
  • Counterfeit Detection
  • Others 

By Industry Vertical

  • Healthcare and Medical
  • Agriculture
  • Industrial 
  • Residential
  • Commercial 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France    
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China 
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Players

  • Nordson Corporation
  • LG Innotek Co. Ltd.
  • Lumileds Holding B.V
  • Nichia Corporation
  • OSRAM
  • Koninklijke Philips N.V.
  • Semileds Corporation
  • Crystal IS
  • Sensor Electronic Technology
  • Phoseon Technology 
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Key market players
1.5.Research methodology

1.5.1.Primary research
1.5.2.Secondary research
1.5.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.COVID-19 Impact Analysis
3.3.Patent analysis

3.3.1.By Region (2012-2017)

3.4.Porter’s five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Surge in utilization of UV curing system
3.5.1.2.Rapid growth in usage of environment safe LEDs
3.5.1.3.Government initiatives toward energy efficiency products

3.5.2.Restraint

3.5.2.1.High Cost of UV LEDs

3.5.3.Opportunities

3.5.3.1.Growth of UV LED lights in various application
3.5.3.2.Adoption of high efficiency UV LEDs

CHAPTER 4:GLOBAL UV LED MARKET, BY TYPE

4.1.Overview
4.2.UV-A

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.UV-B

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.UV-C

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:UV LED MARKET, BY APPLICATION

5.1.Overview
5.2.Curing

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Disinfection/Purification

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Indoor gardening

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Counterfeit detection

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

5.6.Others

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis, by country

CHAPTER 6:UV LED MARKET, BY INDUSTRY VERTICAL

6.1.Overview
6.2.Healthcare & Medical

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Agriculture

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Residential

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Industrial

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

6.6.Commercial

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country

CHAPTER 7:UV LED MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by Application
7.2.4.Market size and forecast, by industry vertical
7.2.5.Market analysis by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by type
7.2.5.1.2.Market size and forecast, by application
7.2.5.1.3.Market size and forecast, by industry vertical

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by type
7.2.5.2.2.Market size and forecast, by application
7.2.5.2.3.Market size and forecast, by industry vertical

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by type
7.2.5.3.2.Market size and forecast, by application
7.2.5.3.3.Market size and forecast, by industry vertical

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by Application
7.3.4.Market size and forecast, by industry vertical
7.3.5.Market analysis by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by type
7.3.5.1.2.Market size and forecast, by application
7.3.5.1.3.Market size and forecast, by industry vertical

7.3.5.2.France

7.3.5.2.1.Market size and forecast, by type
7.3.5.2.2.Market size and forecast, by application
7.3.5.2.3.Market size and forecast, by industry vertical

7.3.5.3.UK

7.3.5.3.1.Market size and forecast, by type
7.3.5.3.2.Market size and forecast, by application
7.3.5.3.3.Market size and forecast, by industry vertical

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast, by type
7.3.5.4.2.Market size and forecast, by application
7.3.5.4.3.Market size and forecast, by industry vertical

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by type
7.3.5.5.2.Market size and forecast, by application
7.3.5.5.3.Market size and forecast, by industry vertical

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by Application
7.4.4.Market size and forecast, by industry vertical
7.4.5.Market analysis by country

7.4.5.1.Japan

7.4.5.1.1.Market size and forecast, by type
7.4.5.1.2.Market size and forecast, by application
7.4.5.1.3.Market size and forecast, by industry vertical

7.4.5.2.China

7.4.5.2.1.Market size and forecast, by type
7.4.5.2.2.Market size and forecast, by application
7.4.5.2.3.Market size and forecast, by industry vertical

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by type
7.4.5.3.2.Market size and forecast, by application
7.4.5.3.3.Market size and forecast, by industry vertical

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by type
7.4.5.4.2.Market size and forecast, by application
7.4.5.4.3.Market size and forecast, by industry vertical

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by type
7.4.5.5.2.Market size and forecast, by application
7.4.5.5.3.Market size and forecast, by industry vertical

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by Application
7.5.4.Market size and forecast, by industry vertical
7.5.5.Market analysis by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by type
7.5.5.1.2.Market size and forecast, by application
7.5.5.1.3.Market size and forecast, by industry vertical

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by type
7.5.5.2.2.Market size and forecast, by application
7.5.5.2.3.Market size and forecast, by industry vertical

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by type
7.5.5.3.2.Market size and forecast, by application
7.5.5.3.3.Market size and forecast, by industry vertical

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Key Player positioning
8.2.Top winning strategies
8.3.Product mapping of top 10 player
8.4.Competitive dashboard
8.5.Competitive heatmap

CHAPTER 9:COMPANY PROFILE

9.1.NORDSON CORPORATION

9.1.1.Company overview
9.1.2.Key Executive
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.R&D Expenditure
9.1.7.Business performance

9.2.LG INNOTEK CO. LTD

9.2.1.Company overview
9.2.2.Key Executive
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.Business performance
9.2.7.Key strategic moves and developments

9.3.LUMILEDS HOLDING B.V.

9.3.1.Company overview
9.3.2.Key Executive
9.3.3.Company snapshot
9.3.4.Product portfolio

9.4.NICHIA CORPORATION

9.4.1.Company overview
9.4.2.Key Executive
9.4.3.Company snapshot
9.4.4.Product portfolio
9.4.5.Key strategic moves and developments

9.5.OSRAM

9.5.1.Company overview
9.5.2.Key Executive
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.R&D Expenditure
9.5.7.Business performance
9.5.8.Key strategic moves and developments

9.6.KONINKLIJKE PHILIPS N.V.

9.6.1.Company overview
9.6.2.Key Executive
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.R&D Expenditure
9.6.7.Business performance
9.6.8.Key strategic moves and developments

9.7.SEMILEDS CORPORATION

9.7.1.Company overview
9.7.2.Key Executive
9.7.3.Company snapshot
9.7.4.Product portfolio
9.7.5.R&D Expenditure
9.7.6.Business performance

9.8.CRYSTAL IS (ASAHI KASEI)

9.8.1.Company overview
9.8.2.Key Executive
9.8.3.Company snapshot
9.8.4.Product portfolio
9.8.5.Key strategic moves and developments

9.9.SENSOR ELECTRONIC TECHNOLOGY

9.9.1.Company overview
9.9.2.Key Executive
9.9.3.Company snapshot
9.9.4.Product portfolio
9.9.5.Key strategic moves and developments

9.10.PHOSEON TECHNOLOGY

9.10.1.Company overview
9.10.2.Key Executive
9.10.3.Company snapshot
9.10.4.Product portfolio
9.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 02.GLOBAL UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 03.UV-A LED MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 04.UV-A LED MARKET, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 05.UV-B LED MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 06.UV-B LED MARKET, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 07.UV-C LED MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 08.UV-C LED MARKET, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 09.GLOBAL UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 10.GLOBAL UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 11.UV LED MARKET FOR CURING, BY REGION, 2019-2027 ($MILLION)
TABLE 12.UV LED MARKET FOR CURING, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 13.UV LED MARKET FOR DISINFECTION/PURIFICATION, BY REGION, 2019-2027 ($MILLION)
TABLE 14.UV LED MARKET FOR DISINFECTION/PURIFICATION, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 15.UV LED MARKET FOR INDOOR GARDENING, BY REGION, 2019-2027 ($MILLION)
TABLE 16.UV LED MARKET FOR INDOOR GARDENING, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 17.UV LED MARKET FOR COUNTERFEIT DETECTION, BY REGION, 2019-2027 ($MILLION)
TABLE 18.UV LED MARKET FOR COUNTERFEIT DETECTION, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 19.UV LED MARKET FOR OTHER APPLICATION, BY REGION, 2019-2027 ($MILLION)
TABLE 20.UV LED MARKET FOR OTHER APPLICATION, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 21.GLOBAL UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 22.GLOBAL UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 23.UV LED MARKET FOR HEALTHCARE, BY REGION, 2019-2027 ($MILLION)
TABLE 24.UV LED MARKET FOR HEALTHCARE, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 25.UV LED MARKET FOR AGRICULTURE, BY REGION, 2019-2027 ($MILLION)
TABLE 26.UV LED MARKET FOR AGRICULTURE, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 27.UV LED MARKET FOR RESIDENTIAL, BY REGION, 2019-2027 ($MILLION)
TABLE 28.UV LED MARKET FOR RESIDENTIAL, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 29.UV LED MARKET FOR INDUSTRIAL, BY REGION, 2019-2027 ($MILLION)
TABLE 30.UV LED MARKET FOR INDUSTRIAL, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 31.UV LED MARKET FOR COMMERCIAL, BY REGION, 2019-2027 ($MILLION)
TABLE 32.UV LED MARKET FOR COMMERCIAL, BY REGION, 2019-2027 (MILLION UNITS)
TABLE 33.NORTH AMERICA UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 34.NORTH AMERICA UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 35.NORTH AMERICA UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 36.NORTH AMERICA UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 37.NORTH AMERICA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 38.NORTH AMERICA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 39.U.S. UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 40.U.S. UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 41.U.S. UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 42.U.S. UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 43.U.S. UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 44.U.S. UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 45.CANADA UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 46.CANADA UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 47.CANADA UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 48.CANADA UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 49.CANADA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 50.CANADA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 51.MEXICO UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 52.MEXICO UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 53.MEXICO UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 54.MEXICO UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 55.MEXICO UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 56.MEXICO UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 57.EUROPE UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 58.EUROPE UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 59.EUROPE UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 60.EUROPE UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 61.EUROPE UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 62.EUROPE UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 63.GERMANY UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 64.GERMANY UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 65.GERMANY UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 66.GERMANY UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 67.GERMANY UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 68.GERMANY UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 69.FRANCE UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 70.FRANCE UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 71.FRANCE UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 72.FRANCE UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 73.FRANCE UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 74.FRANCE UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 75.UK UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 76.UK UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 77.UK UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 78.UK UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 79.UK UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 80.UK UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 81.ITALY UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 82.ITALY UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 83.ITALY UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 84.ITALY UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 85.ITALY UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 86.ITALY UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 87.REST OF EUROPE UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 88.REST OF EUROPE UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 89.REST OF EUROPE UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 90.REST OF EUROPE UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 91.REST OF EUROPE UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 92.REST OF EUROPE UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 93.ASIA-PACIFIC UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 94.ASIA-PACIFIC UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 95.ASIA-PACIFIC UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 96.ASIA-PACIFIC UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 97.ASIA-PACIFIC UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 98.ASIA-PACIFIC UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 99.JAPAN UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 100.JAPAN UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 101.JAPAN UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 102.JAPAN UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 103.JAPAN UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 104.JAPAN UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 105.CHINA UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 106.CHINA UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 107.CHINA UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 108.CHINA UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 109.CHINA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 110.CHINA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 111.INDIA UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 112.INDIA UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 113.INDIA UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 114.INDIA UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 115.INDIA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 116.INDIA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 117.SOUTH KOREA UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 118.SOUTH KOREA UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 119.SOUTH KOREA UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 120.SOUTH KOREA UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 121.SOUTH KOREA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 122.SOUTH KOREA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 123.REST OF ASIA-PACIFIC UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 124.REST OF ASIA-PACIFIC UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 125.REST OF ASIA-PACIFIC UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 126.REST OF ASIA-PACIFIC UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 127.REST OF ASIA-PACIFIC UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 128.REST OF ASIA-PACIFIC UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 129.LAMEA UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 130.LAMEA UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 131.LAMEA UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 132.LAMEA UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 133.LAMEA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 134.LAMEA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 135.LATIN AMERICA UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 136.LATIN AMERICA UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 137.LATIN AMERICA UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 138.LATIN AMERICA UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 139.LATIN AMERICA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 140.LATIN AMERICA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 141.MIDDLE EAST UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 142.MIDDLE EAST UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 143.MIDDLE EAST UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 144.MIDDLE EAST UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 145.MIDDLE EAST UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 146.MIDDLE EAST UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 147.AFRICA UV LED MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 148.AFRICA UV LED MARKET, BY TYPE, 2019-2027 (MILLION UNITS)
TABLE 149.AFRICA UV LED MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 150.AFRICA UV LED MARKET, BY APPLICATION, 2019-2027 (MILLION UNITS)
TABLE 151.AFRICA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 ($MILLION)
TABLE 152.AFRICA UV LED MARKET, BY INDUSTRY VERTICAL, 2019-2027 (MILLION UNITS)
TABLE 153.NORDSON CORPORATION: KEY EXECUTIVES
TABLE 154.NORDSON CORPORATION: COMPANY SNAPSHOT
TABLE 155.NORDSON CORPORATION: OPERATING SEGMENTS
TABLE 156.NORDSON CORPORATION: PRODUCT PORTFOLIO
TABLE 157.NORDSON CORPORATION: R&D, 2017–2019 ($MILLION)
TABLE 158.NORDSON CORPORATION: NET SALES, 2016–2018 ($MILLION)
TABLE 159.NORDSON CORPORATION: SEGMENT, 2019 ($MILLION)
TABLE 160.NORDSON CORPORATION: REGION, 2018 ($MILLION)
TABLE 161.LG INNOTEK CO., LTD.: KEY EXECUTIVES
TABLE 162.LG INNOTEK CO., LTD.: COMPANY SNAPSHOT
TABLE 163.LG INNOTEK CO., LTD.: OPERATING SEGMENTS
TABLE 164.LG INNOTEK CO., LTD.: PRODUCT PORTFOLIO
TABLE 165.LG INNOTEK CO., LTD.: NET SALES, 2017–2019 ($MILLION)
TABLE 166.LG INNOTEK CO., LTD.: SEGMENT, 2019 ($BILLION)
TABLE 167.LUMILEDS HOLDING B.V: KEY EXECUTIVES
TABLE 168.LUMILEDS HOLDING B.V.: COMPANY SNAPSHOT
TABLE 169.LUMILEDS HOLDING B.V: PRODUCT PORTFOLIO
TABLE 170.NICHIA CORPORATION: KEY EXECUTIVES
TABLE 171.NICHIA CORPORATION: COMPANY SNAPSHOT
TABLE 172.NICHIA CORPORATION: PRODUCT PORTFOLIO
TABLE 173.OSRAM: KEY EXECUTIVES
TABLE 174.OSRAM: COMPANY SNAPSHOT
TABLE 175.OSRAM: OPERATING SEGMENTS
TABLE 176.OSRAM: PRODUCT PORTFOLIO
TABLE 177.OSRAM: R&D, 2017–2019 ($MILLION)
TABLE 178.OSRAM: NET SALES, 2017–2019 ($MILLION)
TABLE 179.OSRAM: SEGMENT, 2019 ($MILLION)
TABLE 180.OSRAM: REVENUE SHARE BY REGION, 2019 ($MILLION)
TABLE 181.KONINKLIJKE PHILIPS N.V.: KEY EXECUTIVES
TABLE 182.KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT
TABLE 183.KONINKLIJKE PHILIPS N.V: OPERATING SEGMENTS
TABLE 184.KONINKLIJKE PHILIPS N.V.: PRODUCT PORTFOLIO
TABLE 185.KONINKLIJKE PHILIPS N.V.: R&D, 2017–2019 ($MILLION)
TABLE 186.KONINKLIJKE PHILIPS N.V: NET SALES, 2017–2019 ($MILLION)
TABLE 187.KONINKLIJKE PHILIPS N.V.: SEGMENT, 2019 ($MILLION)
TABLE 188.KONINKLIJKE PHILIPS N.V: REVENUE SHARE BY REGION, 2019 ($MILLION)
TABLE 189.SEMILEDS CORPORATION: KEY EXECUTIVES
TABLE 190.SEMILEDS CORPORATION: COMPANY SNAPSHOT
TABLE 191.SEMILEDS CORPORATION: PRODUCT PORTFOLIO
TABLE 192.SEMILEDS CORPORATION: R&D, 2017–2019 ($MILLION)
TABLE 193.SEMILEDS CORPORATION: NET SALES, 2017–2019 ($MILLION)
TABLE 194.SEMILEDS CORPORATION: REVENUE SHARE BY REGION, 2019 ($MILLION)
TABLE 195.SEMILEDS CORPORATION: REVENUE SHARE BY REGION, 2019 ($MILLION)
TABLE 196.CRYSTAL IS: KEY EXECUTIVES
TABLE 197.CRYSTAL IS: COMPANY SNAPSHOT
TABLE 198.CRYSTAL IS : PRODUCT PORTFOLIO
TABLE 199.SENSOR ELECTRONIC TECHNOLOGY: KEY EXECUTIVES
TABLE 200.SENSOR ELECTRONIC TECHNOLOGY: COMPANY SNAPSHOT
TABLE 201.SENSOR ELECTRONIC TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 202.PHOSEON TECHNOLOGY: KEY EXECUTIVES
TABLE 203.PHOSEON TECHNOLOGY: COMPANY SNAPSHOT
TABLE 204.PHOSEON TECHNOLOGY: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03.EXECUTIVE SUMMARY, BY GEOGRAPHY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.PATENT ANALYSIS, BY COUNTRY
FIGURE 07.PATENT ANALYSIS, BY APPLICANT
FIGURE 08.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09.MODERATE THREAT OF NEW ENTRANTS
FIGURE 10.LOW THREAT OF SUBSTITUTES
FIGURE 11.HIGH INTENSITY OF RIVALRY
FIGURE 12.MODERATE BARGAINING POWER OF BUYERS
FIGURE 13.GLOBAL UV LED MARKET, BY TYPE, 2019-2027
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF UV-A LED MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF UV-B LED MARKET, BY COUNTRY, 2019 & 2027(%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF UV-C LED MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.GLOBAL UV LED MARKET, BY APPLICATION, 2019-2027
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR CURING, BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR DISINFECTION/PURIFICATION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR INDOOR GARDENING, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR COUNTERFEIT DETECTION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.GLOBAL UV LED MARKET SHARE, BY INDUSTRY VERTICAL, 2019-2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR HEALTHCARE, BY COUNTRY, 2019 & 2027(%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR AGRICULTURE, BY COUNTRY, 2019 & 2027(%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR RESIDENTIAL, BY COUNTRY, 2019 & 2027(%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR INDUSTRIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF UV LED MARKET FOR COMMERCIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA UV LED MARKET, BY COUNTRY, 2019-2027 (%)
FIGURE 30.U. S. UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 31.CANADA UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 32.MEXICO UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF EUROPE UV LED MARKET, BY COUNTRY, 2019-2027 (%)
FIGURE 34.GERMANY UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 35.FRANCE UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 36.UK UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 37.ITALY UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 38.REST OF EUROPE UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 39.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC UV LED MARKET, BY COUNTRY, 2019-2027 (%)
FIGURE 40.JAPAN UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 41.CHINA UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 42.INDIA UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 43.SOUTH KOREA UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 44.REST OF ASIA-PACIFIC UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 45.COMPARATIVE SHARE ANALYSIS OF LAMEA UV LED MARKET, BY COUNTRY, 2019-2027 (%)
FIGURE 46.LATIN AMERICA UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 47.MIDDLE EAST UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 48.AFRICA UV LED MARKET, 2019-2027 ($MILLION)
FIGURE 49.KEY PLAYER POSITIONING, 2019
FIGURE 50.TOP WINNING STRATEGIES, BY YEAR, 2017-2020*
FIGURE 51.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 52.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 53.PRODUCT MAPPING OF TOP 10 PLAYER
FIGURE 54.COMPETITIVE DASHBOARD
FIGURE 55.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 56.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 57.NORDSON CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 58.NORDSON CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 59.NORDSON CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 60.LG INNOTEK CO., LTD.: NET SALES, 2017–2019 ($MILLION)
FIGURE 61.LG INNOTEK CO, LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 63.OSRAM: NET SALES, 2017–2019 ($MILLION)
FIGURE 64.OSRAM: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 65.OSRAM: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 66.R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 67.KONINKLIJKE PHILIPS N.V: NET SALES, 2017–2019 ($MILLION)
FIGURE 68.KONINKLIJKE PHILIPS N.V: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 69.KONINKLIJKE PHILIPS N.V: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 70.R&D EXPENDITURE, 2017–2019 ($MILLION) 
FIGURE 71.SEMILEDS CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 72.SEMILEDS CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 73.SEMILEDS CORPORATION: REVENUE SHARE BY REGION, 2019 (%)

 
 

The UV LED market is expected to leverage high potential for the manufacturing, security, printing, residential, and commercial industry verticals. The current business scenario is witnessing an increase in the demand for clean and safe hygienic environment as millions of people in developing nations, such as China, India, and others, suffer and die due to contaminated water, air, or surface, which proves dangerous for human health. 

Companies in this industry are adopting various innovative techniques for water dispensers, air purifiers, and counterfeit detectors. These applications make use of UV LED techniques to kill infected microorganisms or detect frauds, which further help increasing adoption in various industries such as healthcare, medical, commercial, and others to strengthening their business position in the competitive matrix.   

The UV LED market is steadily gaining traction, owing to rise in demand for enhanced technologies in UV system such as environmentally friendly, low power requirement, negligible heat, and free from mercury over analog UV mercury-based systems for security and monitoring. The developments of UV LED technologies facilitate their use in mainstream applications such as disinfection, indoor gardening, which creates untapped opportunities for security solution providers. 
 

 

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