The global UV LED market reached a value of US$ 572.3 million in 2021. Looking forward, the market is projected to reach a value of US$ 1,531.70 million by 2027, exhibiting a CAGR of 16.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
Ultraviolet (UV) light-emitting diodes (LEDs) are solid-state devices that produce light when an electrical current flows from the positive side to the negative side of the circuit. These diodes are environment friendly as they consume less energy and do not contain harmful mercury and produce ozone. They are widely used in industrial curing of printing, coatings, and adhesives and for biological inactivation, molecular detection, and advanced imaging. At present, improvements in their flux density, stability, and life hours have made UV LEDs a viable solution for replacing conventional UV light sources, such as mercury arc lamps, grid lamps, and hot and cold cathode lamps.
With the growing prevalence of coronavirus disease (COVID-19), there is a significant rise in the need for novel disinfection technologies for the surface inactivation of the virus. This represents one of the key factors driving the demand for UV LEDs across the globe. Moreover, technological advances in the manufacturing of solid-state UV devices and the escalating demand for environment-friendly methods of producing optoelectronics are contributing to the market growth. Apart from this, the rising adoption of LED technology for UV curing commercial and industrial materials, such as inks, is positively influencing the use of UV LEDs due to their increased efficiency and low cost of ownership. Furthermore, the emerging trend of miniaturization in consumer electronics is propelling the utilization of UV LEDs around the world. Besides this, the expanding application of UV LEDs, such as deoxyribonucleic acid (DNA) analysis and germicidal for air, surface, and water purification, is anticipated to create lucrative growth opportunities for manufacturers and drive the market in the coming years.
This report provides an analysis of the key trends in each sub-segment of the global UV LED market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, material, application and industry vertical.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, Dr. Hönle AG, FUJIFILM Corporation, Heraeus Holding GmbH, Koninklijke Philips N.V., Lumileds Holding B.V., Nichia Corporation, Nordson Corporation, Osram Licht AG (ams AG), Phoseon Technology, SemiLEDs Corporation and Seoul Semiconductor Co. Ltd.
Ultraviolet (UV) light-emitting diodes (LEDs) are solid-state devices that produce light when an electrical current flows from the positive side to the negative side of the circuit. These diodes are environment friendly as they consume less energy and do not contain harmful mercury and produce ozone. They are widely used in industrial curing of printing, coatings, and adhesives and for biological inactivation, molecular detection, and advanced imaging. At present, improvements in their flux density, stability, and life hours have made UV LEDs a viable solution for replacing conventional UV light sources, such as mercury arc lamps, grid lamps, and hot and cold cathode lamps.
UV LED Market Trends
With the growing prevalence of coronavirus disease (COVID-19), there is a significant rise in the need for novel disinfection technologies for the surface inactivation of the virus. This represents one of the key factors driving the demand for UV LEDs across the globe. Moreover, technological advances in the manufacturing of solid-state UV devices and the escalating demand for environment-friendly methods of producing optoelectronics are contributing to the market growth. Apart from this, the rising adoption of LED technology for UV curing commercial and industrial materials, such as inks, is positively influencing the use of UV LEDs due to their increased efficiency and low cost of ownership. Furthermore, the emerging trend of miniaturization in consumer electronics is propelling the utilization of UV LEDs around the world. Besides this, the expanding application of UV LEDs, such as deoxyribonucleic acid (DNA) analysis and germicidal for air, surface, and water purification, is anticipated to create lucrative growth opportunities for manufacturers and drive the market in the coming years.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global UV LED market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, material, application and industry vertical.
Breakup by Type:
- UV-A
- UV-B
- UV-C
Breakup by Material:
- Silicon Carbide (SiC)
- Gallium Nitride (GaN)
- Sapphire
- Others
Breakup by Application:
- Curing
- Disinfection/Purification
- Indoor Gardening
- Counterfeit Detection
- Others
Breakup by Industry Vertical:
- Healthcare and Medical
- Agriculture
- Residential
- Industrial
- Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, Dr. Hönle AG, FUJIFILM Corporation, Heraeus Holding GmbH, Koninklijke Philips N.V., Lumileds Holding B.V., Nichia Corporation, Nordson Corporation, Osram Licht AG (ams AG), Phoseon Technology, SemiLEDs Corporation and Seoul Semiconductor Co. Ltd.
Key Questions Answered in This Report
- How has the global UV LED market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global UV LED market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global UV LED market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global UV LED Market
What is the estimated value of the Global UV LED Market?
What is the growth rate of the Global UV LED Market?
What is the forecasted size of the Global UV LED Market?
Who are the key companies in the Global UV LED Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 572.3 Million |
| Forecasted Market Value ( USD | $ 1531.7 Million |
| Compound Annual Growth Rate | 17.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global UV LED Market
6 Market Breakup by Type
7 Market Breakup by Material
8 Market Breakup by Application
9 Market Breakup by Industry Vertical
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Asahi Kasei Corporation
- Dr. Hönle AG
- FUJIFILM Corporation
- Heraeus Holding GmbH
- Koninklijke Philips N.V.
- Lumileds Holding B.V.
- Nichia Corporation
- Nordson Corporation
- Osram Licht AG (ams AG)
- Phoseon Technology
- SemiLEDs Corporation
- Seoul Semiconductor Co. Ltd
Methodology
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