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UV LED Market by Technology (UV-A, UV-B, UV-C), Power Output (Below 1 W, 1 W-5 W, above 5 W), Application (UV Curing, Medical Scientific, Disinfection, Agriculture), End Use (Residential, Commercial, Industrial) and Region - Global Forecast to 2028

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    Report

  • 252 Pages
  • June 2023
  • Region: Global
  • Markets and Markets
  • ID: 5820224
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South Korea is Projected to Have the Second-Highest CAGR During the Forecast Period

The global UV LED market is projected to grow from USD 1.2 billion in 2023 to USD 2.8 billion by 2028, registering a CAGR of 19.7% during the forecast period. The UV LED market has witnessed significant growth due to several drivers. UV LEDs are highly energy-efficient compared to traditional UV light sources, resulting in reduced energy costs and maintenance requirements. UV LEDs offer energy efficiency, environmental friendliness, and compactness, making them appealing for various industries. The increasing range of applications has also contributed to the market's expansion. Industries such as healthcare, pharmaceuticals, electronics, automotive, and printing have adopted UV LED technology for curing, disinfection, sterilization, printing, counterfeit detection, and water purification. As a result, the demand for UV LEDs has surged across these sectors. Additionally, increased awareness of the benefits of UV technology has boosted demand. Overall, these factors have propelled the UV LED market's expansion, making it a promising industry for the future.

The UV-A technology segment is expected to hold the second-highest market share in the overall UV LED market

UV-A technology has a wider range of applications in industrial and commercial sector. These LEDs have gained popularity due to their various applications across different industries. UV-A LEDs are commonly used in UV curing processes, where they play a vital role in the rapid curing or hardening of materials such as adhesives, inks, and coatings. The UV-A light initiates a photochemical reaction in these materials, leading to faster curing times and improved efficiency in industries like printing, electronics, and automotive manufacturing. Another significant application of UV-A LEDs is in fluorescence and blacklight applications. UV-A light causes certain materials to fluoresce, emitting visible light of various colours. This property is utilized in a range of fields including forensics, counterfeit detection, and art restoration. UV-A LEDs help identify hidden substances, detect counterfeit materials, and reveal hidden details on documents or artworks. UV-A LEDs also find application in horticulture and plant growth. While plants primarily require visible light for photosynthesis, UV-A light plays a role in stimulating growth and influencing certain plant characteristics. There are emerging possibilities, although not yet well-defined, to utilize UV radiation, particularly UV-A, in greenhouses and indoor vertical farms. 

The agriculture application is expected to grow at a second higher CAGR during the forecast period

The agriculture application is experiencing significant growth within the UV LED market. UV LEDs offer several advantages for agricultural practices, leading to their increasing adoption in the industry. One of the key drivers for the growth of UV LED technology in agriculture is its ability to provide specific wavelengths of UV light that are beneficial for plant growth, disease control, and pest management. UV-B and UV-C wavelengths can stimulate plant growth, enhance crop yield, and improve overall plant health. Additionally, UV-C LEDs are effective in disinfecting seeds, surfaces, and water, reducing the risk of disease transmission and improving crop quality. Furthermore, UV LEDs offer energy efficiency, longer lifespan, and reduced heat generation compared to traditional lighting sources. This makes them a more sustainable and cost-effective choice for agricultural operations. The increasing focus on sustainable farming practices and the growing demand for pesticide-free and organic produce are also driving the adoption of UV LED technology in agriculture. UV LEDs provide a chemical-free alternative to pesticides, reducing environmental impact and ensuring food safety.

South Korea is projected to have the second-highest CAGR during the forecast period

South Korea is a major player in the global UV LED market, with the country's focus on technology and innovation driving advancements in UV LED products and solutions. The market for UV LED in South Korea is primarily driven by the growing demand for UV LED-based disinfection equipment. South Korean companies have been actively involved in the development and production of UV LED products, including leading companies such as Seoul Viosys. It offers a wide range of UV LED products, including deep UV LEDs, which have high market potential for various disinfection and sterilization applications. The South Korean government is currently involved in implementing a plan to clean its four major river basins-the Han River, the Keum River, the Youngsan River, and the Nakdong River-for which UV technology is used as the primary disinfection technology. The need for clean and safe water, along with a constant effort to provide clean drinking water from government utilities, will drive the UV disinfection equipment market in South Korea. Apart from water disinfection, companies such as Seoul Viosys and SMT Corporation, located in South Korea, focus on UV-based surface and air disinfection technology offerings to the end users in the country. 

Breakdown of profiles of primary participants:

  • By Company Type: Tier 1 = 48%, Tier 2 = 28%, and Tier 3 = 24%
  • By Designation: C-level Executives = 53%, Directors = 26%, and Others = 21%
  • By Region: North America = 35%, Europe = 20%, APAC = 37%, and Rest of the World = 8%

The major companies in the UV LED market are Signify (Netherlands), Nordson Corporation (US), Seoul Viosys (South Korea), Hönle Group (Germany), ams-OSRAM AG (Austria), SemiLEDs (Taiwan), Crystal IS (US), Dowa Holdings Co., Ltd. (Japan), Nichia Corporation (Japan), and Nikkiso Co., Ltd. (Japan).

Research Coverage:

This report segments the UV LED market, by technology (UV-A, UV-B, UV-C), power output (less than 1 W, 1 W-5 W, more than 5 W), application (UV curing, medical and scientific, disinfection), end use (industrial, commercial, residential), and region - forecast to 2028.

Reasons to Buy the Report:

  • This report includes statistics pertaining to the UV LED market based on technology, power output, application, end use, and region.
  • Major drivers, restraints, opportunities, and challenges for the UV LED market have been provided in detail in this report
  • The report includes illustrative segmentation, analysis, and forecast for UV LED market based on its segments.
  • The report also include the impact of recession on the UV LED market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.4 Study Scope
1.4.1 Markets Covered
Figure 1 UV Led Market: Segmentation
1.4.2 Regional Scope
Figure 2 UV Led Market: Regional Scope
1.4.3 Years Considered
1.5 Currency Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
1.8.1 Recession Impact

2 Research Methodology
2.1 Research Data
Figure 3 UV Led Market: Research Design
2.1.1 Secondary and Primary Research
Figure 4 Research Approach
2.1.2 Secondary Data
2.1.2.1 List of Key Secondary Sources
2.1.2.2 Key Data from Secondary Sources
2.1.3 Primary Data
2.1.4 Major Primary Interview Participants
2.1.5 Breakdown of Primary Interviews
2.1.5.1 Breakdown of Primaries
2.1.5.2 Key Industry Insights
2.1.5.3 Key Data from Primary Sources
2.2 Market Size Estimation
Figure 5 Market Size Estimation Methodology: Supply-Side Analysis
2.3 Factor Analysis
2.3.1 Supply-Side Analysis
Figure 6 Market Size Estimation Methodology: Approach 1 (Supply-Side Analysis) - Revenues Generated by Companies from the Sale of UV LEDs
Figure 7 Market Size Estimation Methodology: Approach 2 (Demand-Side Analysis) Share of UV Technology in Different Regions
2.3.2 Bottom-Up Approach
2.3.2.1 Approach to Derive Market Size Using Bottom-Up Analysis
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
2.3.3 Top-Down Approach
2.3.3.1 Approach to Derive Market Size Using Top-Down Analysis
Figure 9 Market Size Estimation Methodology: Top-Down Approach
2.4 Market Breakdown and Data Triangulation
Figure 10 Data Triangulation
2.5 Risk Assessment
Table 1 Risk Factor Analysis
2.5.1 Impact of Recession on UV-Led Market
2.6 Research Assumptions and Limitations
2.6.1 Assumptions
2.6.2 Limitations

3 Executive Summary
Figure 11 UV Led Market, 2019-2028 (USD Million)
Figure 12 UV-C Segment to Register Highest CAGR During Forecast Period
Figure 13 Less Than 1 W Segment to Hold Largest Market Share During Forecast Period
Figure 14 Disinfection Segment to Register Fastest Growth Between 2023 and 2028
Figure 15 Commercial Segment to Hold Largest Market Share in 2023
Figure 16 Asia-Pacific to Record Highest Growth Rate During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities for Players in UV Led Market
Figure 17 Increasing Demand for UV LEDs in Disinfection Application
4.2 UV Led Market, by Technology
4.3 UV Led Market, by Power Output
Figure 19 Less Than 1 W Segment to Account for Largest Market Share from 2023 to 2028
4.4 UV Led Market, by Application
Figure 20 UV Curing Segment to Hold Largest Market Share in 2023
4.5 UV Led Market for Disinfection, by Type
Figure 21 Water Disinfection Segment to Hold Largest Share of UV Led Market for Disinfection in 2023
4.6 UV Led Market, by End-user
Figure 22 Commercial Segment to Hold Largest Market Share in 2023
4.7 UV Led Market, by Region
Figure 23 Asia-Pacific to Register Highest CAGR During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 UV Led Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Longer Operational Life of UV Leds Compared with Conventional UV Lamps
Table 2 Comparison Between UV, Mercury, and Xenon Lamps
Table 3 Comparison Between UV Led, Mercury, and Xenon Lamps
5.2.1.2 Growing Inclination Toward Eco-Friendly Products and Implementation of Stringent Regulations Regarding Use of Green Products
5.2.1.3 Growing Concern Regarding Safe Drinking Water in Emerging Nations
5.2.1.4 Higher Benefits of UV Curing Systems Than Traditional Ones
Figure 25 UV Led Market: Drivers and Their Impact
5.2.2 Restraints
5.2.2.1 Lower Cost of Conventional Disinfectants Compared with UV LEDs
5.2.2.2 High Cost and Lack of Awareness Associated with UV Coatings
Figure 26 UV Led Market: Restraints and Their Impact
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Ultrapure Water
5.2.3.2 Expanding Consumer Electronics Industry
5.2.3.3 Emerging Applications of UV LEDs in the Automotive Industry
Figure 27 UV Led Market: Opportunities and Their Impact
5.2.4 Challenges
5.2.4.1 Limited Applications of UV Leds Compared with Traditional UV Lamps
5.2.4.2 Strict Standards Related to UV-Led Technology
Figure 28 UV Led Market: Challenges and Their Impact
5.3 Value Chain Analysis
Figure 29 UV Led Market: Value Chain Analysis
5.4 Ecosystem Analysis
Table 4 UV Led Market: Ecosystem Analysis
Figure 30 UV Led Market: Ecosystem Analysis
5.5 Pricing Analysis
Figure 31 Average Selling Price (ASP), by Technology
5.5.1 Average Selling Price of UV Led Components Offered by Top Three Players, by Technology
Figure 32 Average Selling Price of UV Led Components Offered by Top Three Players, by Technology
Table 5 Average Selling Price of UV Led Components Offered by Key Players, by Technology
5.6 Trends/Disruptions Impacting Customers’ Businesses
Figure 33 Revenue Shift and New Revenue Pockets for UV Led Providers
5.7 Technology Analysis
5.7.1 UV Led Technology in UV Curing
5.7.1.1 Stereoscopic Vision and Time of Flight (Tof)
Table 6 Comparison Between Mercury Lamps and UV-Led Technology
5.7.2 UV Light Technology
5.7.3 Miniaturization
5.8 Porter's Five Forces Analysis
Figure 34 UV Led Market: Porter's Five Forces Analysis
Figure 35 Porter's Five Forces Analysis
Table 7 UV Led Market: Porter's Five Forces Analysis
5.8.1 Threat of New Entrants
5.8.2 Threat of Substitutes
5.8.3 Bargaining Power of Suppliers
5.8.4 Bargaining Power of Buyers
5.8.5 Intensity of Competitive Rivalry
5.9 Key Stakeholders and Buying Criteria
5.9.1 Key Stakeholders in Buying Process
Figure 36 Influence of Stakeholders on Buying Process for Top Three Applications
Table 8 Influence of Stakeholders on Buying Process for Top Three Applications (%)
5.9.2 Buying Criteria
Figure 37 Key Buying Criteria for Top Three Applications
Table 9 Key Buying Criteria for Top Three Applications
5.10 Case Study Analysis
5.10.1 UV Curing System for Nasal Swabs
Table 10 Dymax's Uvcs Light-Curing Conveyor Systems Helped Increase Production of Nasal Swabs
5.10.2 UV Curing System for Wpg Holdings
Table 11 Baldwin Technology Helped Improve Wpg's Komori Ls829P with UV Curing
5.10.3 UV Curing System for Polyjet
Table 12 Phoseon Technology Provided UV Curing Technology to Polyjet to Increase Printing Accuracy
5.11 Trade Analysis
Table 13 Import Data for Ultraviolet or Infra-Red Lamps, HS Code: 853949, by Country, 2017-2021 (USD Million)
Figure 38 Compliant Products and Import Values for Major Countries (2017-2021)
Table 14 Export Data for Ultraviolet or Infra-Red Lamps, HS Code: 853949, by Country, 2017-2021 (USD Million)
Figure 39 Compliant Products and Export Values for Major Countries, 2017-2021
5.12 Patent Analysis
Figure 40 Number of Patents Granted, 2013-2022
Figure 41 Patents Granted, by Region, 2013-2022
Table 15 UV Led Market: Key Patents, 2020-2022
5.13 Key Conferences and Events, 2023-2025
Table 16 UV Led Market: Conferences and Events
5.14 Regulatory Landscape
Table 17 UV Led Market: Regulatory Landscape
5.14.1 Codes and Standards Related to UV Led
Table 18 UV Led: Codes and Standards

6 UV Led Market, by Technology
6.1 Introduction
Figure 42 UV Led Market, by Technology
Table 19 UV Led Market, by Technology, 2019-2022 (USD Million)
Figure 43 UV-C Segment to Hold Largest Market Share During Forecast Period
Table 20 UV Led Market, by Technology, 2023-2028 (USD Million)
6.1.1 UV-A
6.1.1.1 Rising Applications in Industrial and Commercial Sectors
Table 21 UV-A: UV Led Market, by Application, 2019-2022 (USD Million)
Table 22 UV-A: UV Led Market, by Application, 2023-2028 (USD Million)
Table 23 UV-A: UV Led Market, by End-user, 2019-2022 (USD Million)
Table 24 UV-A: UV Led Market, by End-user, 2023-2028 (USD Million)
Table 25 UV-A: UV Led Market, by Region, 2019-2022 (USD Million)
Table 26 UV-A: UV Led Market, by Region, 2023-2028 (USD Million)
6.1.2 UV-B
6.1.2.1 Higher Energy Levels Than UV-A and Safer Compared to UV-C
Table 27 UV-B: UV Led Market, by Application, 2019-2022 (USD Million)
Table 28 UV-B: UV Led Market, by Application, 2023-2028 (USD Million)
Table 29 UV-B: UV Led Market, by End-user, 2019-2022 (USD Million)
Table 30 UV-B: UV Led Market, by End-user, 2023-2028 (USD Million)
Table 31 UV-B: UV Led Market, by Region, 2019-2022 (USD Million)
Table 32 UV-B: UV Led Market, by Region, 2023-2028 (USD Million)
6.1.3 UV-C
6.1.3.1 Growing Demand for Effective Disinfection and Sterilization Solutions
Figure 44 Benefits Associated with Using UV-C Technology in Different Applications
Table 33 UV-C: UV Led Market, by Application, 2019-2022 (USD Million)
Table 34 UV-C: UV Led Market, by Application, 2023-2028 (USD Million)
Table 35 UV-C: UV Led Market, by End-user, 2019-2022 (USD Million)
Table 36 UV-C: UV Led Market, by End-user, 2023-2028 (USD Million)
Table 37 UV-C: UV Led Market, by Region, 2019-2022 (USD Million)
Table 38 UV-C: UV Led Market, by Region, 2023-2028 (USD Million)

7 UV Led Market, by Power Output
7.1 Introduction
Figure 45 UV Led Market, by Power Output
Table 39 UV Led Market, by Power Output, 2019-2022 (USD Million)
Figure 46 Less Than 1W Segment to Account for Largest Market Share During Forecast Period
Table 40 UV Led Market, by Power Output, 2023-2028 (USD Million)
7.1.1 Less Than 1 W
7.1.1.1 Widening Application Scope in Various Industries
7.1.2 1-5 W
7.1.2.1 High Power Output while Maintaining Energy Efficiency
7.1.3 Above 5 W
7.1.3.1 Suitability for High-Power Applications

8 UV Led Market, by Application
8.1 Introduction
Figure 47 UV Led Market, by Application
Table 41 UV Led Market, by Application, 2019-2022 (USD Million)
Figure 48 Disinfection Segment to Record Highest Growth Rate During Forecast Period
Table 42 UV Led Market, by Application, 2023-2028 (USD Million)
8.1.1 UV Curing
Table 43 UV Curing: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 44 UV Curing: UV Led Market, by Technology, 2023-2028 (USD Million)
Table 45 UV Curing: UV Led Market, by Type, 2019-2022 (USD Million)
Figure 49 Coating Segment to Record Highest CAGR During Forecast Period
Table 46 UV Curing: UV Led Market, by Type, 2023-2028 (USD Million)
8.1.1.1 Printing
8.1.1.1.1 Higher Benefits of UV Printing Over Traditional Printing
8.1.1.2 Coating
8.1.1.2.1 Increases Operational Life of Final Products
8.1.1.3 Adhesives
8.1.1.3.1 Used in Assembly and Manufacturing Processes
8.1.2 Medical and Scientific
Table 47 Medical and Scientific: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 48 Medical and Scientific: UV Led Market, by Technology, 2023-2028 (USD Million)
Table 49 Medical and Scientific: UV Led Market, by Type, 2019-2022 (USD Million)
Figure 50 Equipment Sterilization Segment to Record Highest CAGR During Forecast Period
Table 50 Medical and Scientific: UV Led Market, by Type, 2023-2028 (USD Million)
8.1.2.1 Phototherapy
8.1.2.1.1 Revolutionized Treatment of Different Skin Conditions
8.1.2.2 Sensing
8.1.2.2.1 Used to Trace Presence of Chemicals or Pathogens in Any Substances
8.1.2.3 Equipment Sterilization
8.1.2.3.1 Helps Prevent Spread of Harmful Pathogens, Ensures Product Safety, and Maintains Hygienic Environment
8.1.2.4 Research and Development
8.1.2.4.1 Widely Used in Drug Discovery, Protein Analysis, and Synthesis of Vitamin D
8.1.2.5 Teeth Brightening
8.1.2.5.1 Harnessed to Accelerate Whitening Process
8.1.2.6 Tanning
8.1.2.6.1 Provides Safer and More Controlled Tanning Experience Than Traditional Tanning Beds
8.1.3 Disinfection
Table 51 Disinfection: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 52 Disinfection: UV Led Market, by Technology, 2023-2028 (USD Million)
Table 53 Disinfection: UV Led Market, by Type, 2019-2022 (USD Million)
Figure 51 Water Disinfection Segment to Record Highest Growth Rate in UV Led Market for Disinfection During Forecast Period
Table 54 Disinfection: UV Led Market, by Type, 2023-2028 (USD Million)
8.1.3.1 Water Disinfection
8.1.3.1.1 Used to Effectively Destroys Bacteria, Viruses, and Other Pathogens in Water by Damaging DNA or RNA
8.1.3.2 Air Disinfection
8.1.3.2.1 Use UV-C Light in Germicidal Range to Effectively Destroy or Inactivate Microorganisms
8.1.3.3 Surface Disinfection
8.1.3.3.1 Efficient and Eco-Friendly Method of Eliminating Pathogens from Different Surfaces
8.1.4 Security
Table 55 Security: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 56 Security: UV Led Market, by Technology, 2023-2028 (USD Million)
Table 57 Security: UV Led Market, by Type, 2019-2022 (USD Million)
Figure 52 Forensic Segment to Record Higher Growth Rate in UV-Led Market for Security During Forecast Period
Table 58 Security: UV Led Market, by Type, 2023-2028 (USD Million)
8.1.4.1 Counterfeit Detection (Money and Id)
8.1.4.1.1 Enables to Detect Special Inks on Currency Notes
8.1.4.2 Forensic
8.1.4.2.1 Provides Enhanced Examination and Documentation of Crime Scenes and Evidence
8.1.5 Agriculture
Table 59 Agriculture: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 60 Agriculture: UV Led Market, by Technology, 2023-2028 (USD Million)
Table 61 Agriculture: UV Led Market, by Type, 2019-2022 (USD Million)
Figure 53 Horticulture Segment to Record Highest Growth Rate During Forecast Period
Table 62 Agriculture: UV Led Market, by Type, 2023-2028 (USD Million)
8.1.5.1 Horticulture
8.1.5.1.1 Allows for Year-Round Cultivation
8.1.5.2 Food Processing
8.1.5.2.1 Used for Air Sterilization in Processing Facilities and Preventing Spread of Airborne Contaminants
8.1.6 Lithography
8.1.6.1 Lower Cost and Higher Flexibility Compared with Other Printing Methods
Table 63 Lithography: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 64 Lithography: UV Led Market, by Technology, 2023-2028 (USD Million)
8.1.7 Others
Table 65 Others: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 66 Others: UV Led Market, by Technology, 2023-2028 (USD Million)

9 UV Led Market, by End-user
9.1 Introduction
Figure 54 UV Led Market, by End-user
Table 67 UV Led Market, by End-user, 2019-2022 (USD Million)
Figure 55 Commercial Segment to Account for Largest Market Share During Forecast Period
Table 68 UV Led Market, by End-user, 2023-2028 (USD Million)
9.1.1 Industrial
9.1.1.1 Increasing Demand for UV Technology in Manufacturing Sector
Table 69 Industrial: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 70 Industrial: UV Led Market, by Technology, 2023-2028 (USD Million)
9.1.2 Commercial
9.1.2.1 Rising Applications of UV LEDs in the Commercial Sector
Table 71 Commercial: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 72 Commercial: UV Led Market, by Technology, 2023-2028 (USD Million)
9.1.3 Residential
9.1.3.1 Growing Demand for Disinfection Solutions
Table 73 Residential: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 74 Residential: UV Led Market, by Technology, 2023-2028 (USD Million)

10 UV Led Market, by Region
10.1 Introduction
Figure 56 UV Led Market, by Region
Figure 57 China to Register Highest CAGR in UV Led Market During Forecast Period
Figure 58 Asia-Pacific to Exhibit Highest CAGR in Global UV Led Market During Forecast Period
Table 75 UV Led Market, by Region, 2019-2022 (USD Million)
Table 76 UV Led Market, by Region, 2023-2028 (USD Million)
10.2 North America
10.2.1 North America: Recession Impact
Figure 59 North America: Impact of Recession
Figure 60 North America: Snapshot of UV Led Market
Table 77 North America: UV Led Market, by Country, 2019-2022 (USD Million)
Table 78 North America: UV Led Market, by Country, 2023-2028 (USD Million)
Table 79 North America: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 80 North America: UV Led Market, by Technology, 2023-2028 (USD Million)
Table 81 North America: UV Led Market, by Application, 2019-2022 (USD Million)
Table 82 North America: UV Led Market, by Application, 2023-2028 (USD Million)
Table 83 North America: UV Led Market, by End-user, 2019-2022 (USD Million)
Table 84 North America: UV Led Market, by End-user, 2023-2028 (USD Million)
10.2.2 US
10.2.2.1 Large Presence of Key Market Players
Table 85 US: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 86 US: UV Led Market, by Technology, 2023-2028 (USD Million)
10.2.3 Canada
10.2.3.1 Emergence of Disinfection and UV Curing Applications
Table 87 Canada: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 88 Canada: UV Led Market, by Technology, 2023-2028 (USD Million)
10.2.4 Mexico
10.2.4.1 Growing Need for Effective and Safe Disinfection Methods
10.3 Europe
10.3.1 Europe: Recession Impact
Figure 61 Europe: Impact of Recession
Figure 62 Europe: Snapshot of UV Led Market
Table 89 Europe: UV Led Market, by Country, 2019-2022 (USD Million)
Table 90 Europe: UV Led Market, by Country, 2023-2028 (USD Million)
Table 91 Europe: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 92 Europe: UV Led Market, by Technology, 2023-2028 (USD Million)
Table 93 Europe: UV Led Market, by Application, 2019-2022 (USD Million)
Table 94 Europe: UV Led Market, by Application, 2023-2028 (USD Million)
Table 95 Europe: UV Led Market, by End-user, 2019-2022 (USD Million)
Table 96 Europe: UV Led Market, by End-user, 2023-2028 (USD Million)
10.3.2 UK
10.3.2.1 Rising Deployment of UV Disinfection Equipment in the Commercial Sector
Table 97 UK: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 98 UK: UV Led Market, by Technology, 2023-2028 (USD Million)
10.3.3 Germany
10.3.3.1 Rising Applications of UV LEDs in the Automotive Industry
Table 99 Germany: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 100 Germany: UV Led Market, by Technology, 2023-2028 (USD Million)
10.3.4 France
10.3.4.1 Presence of Stringent Regulations for Protecting Human Health and Environment
Table 101 France: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 102 France: UV Led Market, by Technology, 2023-2028 (USD Million)
10.3.5 Italy
10.3.5.1 Growing Demand for UV Technology with Increasing Health Concerns
10.3.6 Spain
10.3.6.1 Increasing Demand in Disinfection, Water Treatment, and Curing Processes
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Asia-Pacific: Recession Impact
Figure 63 Asia-Pacific: Impact of Recession
Figure 64 Asia-Pacific: Snapshot of UV Led Market
Table 103 Asia-Pacific: UV Led Market, by Country, 2019-2022 (USD Million)
Table 104 Asia-Pacific: UV Led Market, by Country, 2023-2028 (USD Million)
Table 105 Asia-Pacific: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 106 Asia-Pacific: UV Led Market, by Technology, 2023-2028 (USD Million)
Table 107 Asia-Pacific: UV Led Market, by Application, 2019-2022 (USD Million)
Table 108 Asia-Pacific: UV Led Market, by Application, 2023-2028 (USD Million)
Table 109 Asia-Pacific: UV Led Market, by End-user, 2019-2022 (USD Million)
Table 110 Asia-Pacific: UV Led Market, by End-user, 2023-2028 (USD Million)
10.4.2 China
10.4.2.1 Growing Population and Need to Provide Clean and Safe Water
Table 111 China: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 112 China: UV Led Market, by Technology, 2023-2028 (USD Million)
10.4.3 Japan
10.4.3.1 Increasing Export of UV LEDs
Table 113 Japan: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 114 Japan: UV Led Market, by Technology, 2023-2028 (USD Million)
10.4.4 South Korea
10.4.4.1 Growing Demand for UV Water Disinfection Equipment
Table 115 South Korea: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 116 South Korea: UV Led Market, by Technology, 2023-2028 (USD Million)
10.4.5 Taiwan
10.4.5.1 Presence of Key Market Players
10.4.6 India
10.4.6.1 Government-Led Promotions of UV-Led Technology in Commercial and Residential Sectors
10.4.7 Rest of Asia-Pacific
10.5 RoW
10.5.1 RoW: Recession Impact
Figure 65 RoW: Impact of Recession
Figure 66 RoW: Snapshot of UV Led Market
Table 117 RoW: UV Led Market, by Region, 2019-2022 (USD Million)
Table 118 RoW: UV Led Market, by Region, 2023-2028 (USD Million)
Table 119 RoW: UV Led Market, by Technology, 2019-2022 (USD Million)
Table 120 RoW: UV Led Market, by Technology, 2023-2028 (USD Million)
Table 121 RoW: UV Led Market, by Application, 2019-2022 (USD Million)
Table 122 RoW: UV Led Market, by Application, 2023-2028 (USD Million)
Table 123 RoW: UV Led Market, by End-user, 2019-2022 (USD Million)
Table 124 RoW: UV Led Market, by End-user, 2023-2028 (USD Million)
10.5.2 Middle East & Africa
10.5.2.1 Growing Need to Recycle Wastewater
10.5.3 South America
10.5.3.1 Growing Demand for High-Quality and Energy-Efficient Disinfection Solutions in Various Industries

11 Competitive Landscape
11.1 Introduction
11.2 Strategies Adopted by Key Players
Table 125 Overview of Strategies Adopted by Key Players
11.3 Market Share Analysis
Figure 67 UV Led Market: Market Share Analysis (2022)
Table 126 UV Led Market Share Analysis
11.4 Revenue Analysis
Figure 68 UV Led Market: Revenue Share Analysis of Top Five Players, 2018-2022
11.5 Company Evaluation Quadrant
11.5.1 Stars
11.5.2 Pervasive Players
11.5.3 Emerging Leaders
11.5.4 Participants
Figure 69 UV Led Market (Global): Company Evaluation Quadrant, 2022
11.6 Competitive Benchmarking
Table 127 Company Footprint
Table 128 Technology: Company Footprint
Table 129 Application: Company Footprint
Table 130 Region: Company Footprint
11.7 Startup/Small and Medium-Sized Enterprise (SME) Evaluation Quadrant
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks
Figure 70 UV Led Market: Evaluation Quadrant for Startups/SMEs, 2022
Table 131 UV Led Market: List of Key Startups/SMEs
Table 132 UV Led Market: Competitive Benchmarking of Key Startups/SMEs
11.8 Competitive Scenario and Trends
11.8.1 Product Launches
Table 133 UV Led Market: Product Launches, January 2018-March 2023
11.8.2 Deals
Table 134 UV Led Market: Deals, January 2018-November 2022

12 Company Profiles
Business Overview, Products Offered, Recent Developments, Analyst's View
12.1 Key Players
12.1.1 Signify Holding
Table 135 Signify Holding: Company Overview
Figure 71 Signify Holding: Company Snapshot
Table 136 Signify Holding: Products Offered
Table 137 Signify Holding: Product Launches
Table 138 Signify Holding: Deals
12.1.2 Nordson Corporation
Table 139 Nordson Corporation: Company Overview
Figure 72 Nordson Corporation: Company Snapshot
Table 140 Nordson Corporation: Products Offered
Table 141 Nordson Corporation: Deals
12.1.3 Seoul Viosys
Table 142 Seoul Viosys: Company Overview
Figure 73 Seoul Viosys: Company Snapshot
Table 143 Seoul Viosys: Products Offered
Table 144 Seoul Viosys: Product Launches
Table 145 Seoul Viosys: Deals
12.1.4 Hönle Group
Table 146 Hönle Group: Company Overview
Figure 74 Hönle Group: Company Snapshot
Table 147 Hönle Group: Products Offered
Table 148 Hönle Group: Product Launches
Table 149 Hönle Group: Deals
12.1.5 Ams-Osram AG
Table 150 Ams-Osram AG: Company Overview
Figure 75 Ams-Osram AG: Company Snapshot
Table 151 Ams-Osram AG: Products Offered
Table 152 Ams-Osram AG: Product Launches
Table 153 Ams-Osram AG: Deals
12.1.6 Semileds Corporation
Table 154 Semileds Corporation: Company Overview
Figure 76 Semileds Corporation: Company Snapshot
Table 155 Semileds Corporation: Products Offered
Table 156 Semileds Corporation: Deals
12.1.7 Crystal IS
Table 157 Crystal Is: Company Snapshot
Table 158 Crystal Is: Products Offered
Table 159 Crystal Is: Product Launches
Table 160 Crystal Is: Deals
12.1.8 Dowa Holdings Co. Ltd.
Table 161 Dowa Holdings Co. Ltd.: Company Overview
Figure 77 Dowa Holdings Co. Ltd.: Company Snapshot
Table 162 Dowa Holding Co. Ltd.: Products Offered
Table 163 Dowa Holding Co. Ltd.: Product Launches
12.1.9 Nichia Corporation
Table 164 Nichia Corporation: Company Snapshot
Table 165 Nichia Corporation: Products Offered
Table 166 Nichia Corporation: Product Launches
12.1.10 Nikkiso Co. Ltd.
Table 167 Nikkiso Co. Ltd.: Company Overview
Figure 78 Nikkiso Co. Ltd.: Company Snapshot
Table 168 Nikkiso Co. Ltd.: Products Offered
12.2 Other Players
12.2.1 Heraeus Holding
12.2.2 Phoseon Technology
12.2.3 Halma PLC
12.2.4 Lumileds Holding B.V.
12.2.5 Hoya Corp.
12.2.6 Excelitas Technologies Corp.
12.2.7 Advanced Optoelectronic Technology, Inc.
12.2.8 Luminus, Inc.
12.2.9 Nitride Semiconductor Co. Ltd.
12.2.10 Epileds Technologies, Inc.
12.2.11 Lite-On Technology Corp.
12.2.12 Bolb Inc.
12.2.13 Primelite GmbH
12.2.14 Lumex Inc.
12.2.15 Bivar
Details on Business Overview, Products Offered, Recent Developments, and Analyst's View Might Not be Captured in the Case of Unlisted Companies.

13 Appendix
13.1 Insights from Industry Experts
13.2 Discussion Guide
13.3 Knowledgestore: The Subscription Portal
13.4 Customization Options

Executive Summary

Companies Mentioned

  • Advanced Optoelectronic Technology, Inc.
  • Ams-Osram AG
  • Biva
  • Bolb Inc.
  • Crystal IS
  • Dowa Holdings Co. Ltd.
  • Epileds Technologies, Inc.
  • Excelitas Technologies Corp.
  • Halma PLC
  • Heraeus Holding
  • Hoya Corp.
  • Hönle Group
  • Lite-On Technology Corp.
  • Lumex Inc.
  • Lumileds Holding B.V.
  • Luminus, Inc.
  • Nichia Corporation
  • Nikkiso Co. Ltd.
  • Nitride Semiconductor Co. Ltd.
  • Nordson Corporation
  • Phoseon Technology
  • Primelite GmbH
  • Semileds Corporation
  • Seoul Viosys
  • Signify Holding

Methodology

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Table Information

Report AttributeDetails
No. of Pages252
PublishedJune 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 1.15 Million
Forecasted Market Value ( USD ) by 2028 $ 2.84 Million
Compound Annual Growth Rate19.7%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Market

Light Emitting Diodes (LEDs) are semiconductor devices that convert electrical energy into light. Ultraviolet (UV) LEDs are a subset of LEDs that emit light in the UV spectrum. UV LEDs are used in a variety of applications, including medical and industrial sterilization, water purification, and counterfeit detection. UV LEDs are becoming increasingly popular due to their small size, low power consumption, and long lifespans. They are also more efficient than traditional UV lamps, and can be used in a variety of environments. Additionally, UV LEDs are more environmentally friendly than traditional UV lamps, as they do not contain mercury or other hazardous materials. The UV LED market is growing rapidly, driven by increasing demand for UV disinfection and sterilization applications. The market is expected to continue to grow in the coming years, as more applications are developed and the technology becomes more widely available. Some companies in the UV LED market include Nichia Corporation, Seoul Viosys, LG Innotek, and Crystal IS. Show Less Read more

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