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UV LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A5154
Market Overview:
The global UV LED market reached a value of US$ 572.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,531.70 Million by 2027, exhibiting a growth rate (CAGR) of 16.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are 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.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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:
IMARC Group 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. Our 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:
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- Curing
- Disinfection/Purification
- Indoor Gardening
- Counterfeit Detection
- Others
Breakup by Industry Vertical:
- Healthcare and Medical
- Agriculture
- Residential
- Industrial
- Commercial
Breakup by Region:
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- 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Million |
| Segment Coverage | Type, Material, Application, Industry Vertical, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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