Market Overview:
The global LED spot cure system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for LED spot cure systems in medical and aerospace applications. In addition, the growing demand for LED spot cure systems in automotive applications is also contributing to the growth of this market. North America dominates the global LED spot cure system market, followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness highest growth during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
A LED Spot Cure System is a device that uses light-emitting diodes (LEDs) to cure adhesives, sealants, and coatings. LEDs emit a focused beam of ultraviolet (UV) or visible light that can quickly and efficiently cure products. The importance of LED Spot Cure Systems is that they provide an efficient and controllable method for curing adhesives, sealants, and coatings. They are also portable and easy to use, making them ideal for on-site applications.
UV Light:
UV light is a form of electromagnetic radiation with wavelengths between 200nm to 400nm. Ultraviolet light has three different wavelength regions, namely; UV-A (200-280 nm), UV-B (280-320 nm), and UV-C (320.-380 nm). The spot cure LED system uses the entire spectrum of ultraviolet rays for faster healing.
Visible Light:
Visible light is the part of the electromagnetic spectrum from 400-700 nm. Visible light is used in LED spot cure system for various applications such as LED display, lighting and laser devices. The visible light source provides a broad range of wavelengths which can be utilized to create any color by mixing it with different pigments or additives.
Application Insights:
The automotive segment led the market and accounted for more than 30.0% share of the global revenue in 2017. The growing demand for LED headlights is expected to drive the product demand over the forecast period as spot lights are used in various automotive applications, such as headlamp lenses, turn indicators, and front fog lamps. Growing awareness regarding road safety coupled with increasing government regulations pertaining to vehicle lighting is anticipated to further propel product demand from automobiles over the forecast period.
The medical segment was valued at USD 394 million in 2017 owing to rising usage of LED therapy devices across physical therapy and massage studios for muscle relaxation and pain management applications. Furthermore, rising adoption of these devices by doctors & surgeons during surgeries or procedures on patients is expected to fuel industry growth over the coming years.
Regional Analysis:
The market in North America was valued at USD X million in 2017 and is expected to grow at a significant rate over the forecast period owing to the presence of major LED spot cure manufacturers such as Cree, Inc.; Lumileds Lighting; and OSRAM GmbH. The region is characterized by high adoption of light-emitting diodes for industrial, medical, and automotive applications. Moreover, increasing demand for energy-efficient lighting solutions will drive regional growth over the forecast period.
Asia Pacific led the global market with a revenue share of more than 60% in 2017 owing to rapid industrialization along with growing awareness regarding LED lighting solutions among consumers from emerging economies such as China and India.
Growth Factors:
- Increasing demand for LED spot cure systems in medical and dental applications
- Growing popularity of LED curing systems among small and medium-sized businesses
- Rising demand for energy-efficient lighting solutions
- Proliferation of digital printing technologies
- Increasing adoption of UV-curable inks and coatings
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Spot Cure System Market Research Report
By Type
UV Light, Visible Light, Others
By Application
Medical, Aerospace, Automotive, Others
By Companies
LOCTITE, Toshiba Lighting & Technology Corporation, Run Wing M&E, Shenzhen Height-LED Opto-Electronics, Uvata (Shanghai) Precision Optoelectronics, UVER CO.,LTD, LOCTITE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global LED Spot Cure System Market Report Segments:
The global LED Spot Cure System market is segmented on the basis of:
Types
UV Light, Visible Light, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Aerospace, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LOCTITE
- Toshiba Lighting & Technology Corporation
- Run Wing M&E
- Shenzhen Height-LED Opto-Electronics
- Uvata (Shanghai) Precision Optoelectronics
- UVER CO.,LTD
- LOCTITE
Highlights of The LED Spot Cure System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- UV Light
- Visible Light
- Others
- By Application:
- Medical
- Aerospace
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Spot Cure System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED Spot Cure System is a LED light therapy device that uses LEDs to treat various skin conditions. The device emits short, intense pulses of light that are directed at the affected area. This treatment is often used to treat acne, psoriasis, and other skin conditions.
Some of the major companies in the led spot cure system market are LOCTITE, Toshiba Lighting & Technology Corporation, Run Wing M&E, Shenzhen Height-LED Opto-Electronics, Uvata (Shanghai) Precision Optoelectronics, UVER CO.,LTD, LOCTITE.
The led spot cure system market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Spot Cure System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Spot Cure System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Spot Cure System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Spot Cure System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Spot Cure System Market Size & Forecast, 2020-2028
4.5.1 LED Spot Cure System Market Size and Y-o-Y Growth
4.5.2 LED Spot Cure System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 UV Light
5.2.2 Visible Light
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Aerospace
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Spot Cure System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Spot Cure System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 UV Light
9.6.2 Visible Light
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Aerospace
9.10.3 Automotive
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 UV Light
10.6.2 Visible Light
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Aerospace
10.10.3 Automotive
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 UV Light
11.6.2 Visible Light
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Aerospace
11.10.3 Automotive
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 UV Light
12.6.2 Visible Light
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Aerospace
12.10.3 Automotive
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 UV Light
13.6.2 Visible Light
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Aerospace
13.10.3 Automotive
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Spot Cure System Market: Competitive Dashboard
14.2 Global LED Spot Cure System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LOCTITE
14.3.2 Toshiba Lighting & Technology Corporation
14.3.3 Run Wing M&E
14.3.4 Shenzhen Height-LED Opto-Electronics
14.3.5 Uvata (Shanghai) Precision Optoelectronics
14.3.6 UVER CO.,LTD
14.3.7 LOCTITE
