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The global UV LED market was valued at US$ 572.3 Million in 2021.
We expect the global UV LED market to exhibit a CAGR of 16.50% during 2022-2027.
The emerging trend of device miniaturization in the consumer electronics sector, along with the growing
utilization of UV LEDs over conventional light sources as they are eco-friendly in nature, is primarily
driving the global UV LED market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous manufacturing units
for UV LEDs.
Based on the type, the global UV LED market can be segmented into UV-A, UV-B, and UV-C. Currently,
UV-C holds the majority of the total market share.
Based on the application, the global UV LED market has been divided into curing,
disinfection/purification, indoor gardening, counterfeit detection, and others. Among these,
disinfection/purification currently exhibits a clear dominance in the market.
Based on the industry vertical, the global UV LED market can be categorized into healthcare and
medical, agriculture, residential, industrial, and commercial. Currently, the healthcare and medical
sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global UV LED market include 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.
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