Light Curing Equipment Market, By Type (LED Light Sources and UV Curing & Visible Light Curing Sources), By Application (Electronics, Medical, Optical, Printed Circuit Board, and General Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI333619 | Publish Date: January 2024 | No. of Pages: 180

Global Light Curing Equipment Market Overview

Introduction:

Light curing equipment is a process that involves using particular wavelengths of light to start a photochemical reaction that solidifies a variety of materials. In comparison to conventional curing techniques like heat or pressure, it provides a quicker, more accurate, as well as cleaner solution. This technique finds use in a wide range of sectors, including optical, automotive, medical, and electronics.

The market for light curing equipment is expanding rapidly because of its many benefits, which include quicker curing periods, energy efficiency, precise control, and higher-quality products. The growing need for UV-curable adhesives and coatings in sectors like electronics and automotive is another factor propelling the market's expansion. Materials that can be cured by UV or visible light are chosen over more conventional techniques like thermal curing because they provide greater sustainability, durability, and performance.

In addition, the market is expanding due to the growing need for sophisticated manufacturing solutions, the quick development of technology, and the growing use of UV light curing equipment in developing nations. A number of other trends are also being seen in the industry, such as the advancement of UV light sources based on LED technology, which is more cost-effective for businesses due to its longer lifespan and improved energy efficiency. The light curing equipment market also faces some hindrances such as the high initial investment costs, regulatory stringencies, and lack of professionals.

To summarize, over the course of the forecast period, the market for light curing equipment is expected to expand swiftly. The benefits that different light curing equipment provide, the rising need for sophisticated production techniques, and the development of technology within the sector are all responsible for this expansion. More economical and energy-efficient UV light sources are becoming more and more popular in the Light curing equipment market.

Introduction - Light Curing Equipment Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Light Curing Equipment Market Dynamics

Light Curing Equipment Market Key Drivers:

  • Miniaturization and increased automation

Light curing equipment’s swift processing and drying speeds and intricate geometries are driving the growth of light curing equipment market. The rising trend of automation and miniaturization in various industries is fueling the market to flourish.  Automotive parts manufacturing is an intricate process and involves the production of small and precise components, which in turn facilitates the high-throughput manufacturing of these parts using light curing equipment. Light curing makes it possible to utilize lightweight adhesives and composites, which is critical for industries like automotive and aerospace where reducing weight is necessary for better performance and fuel economy. These materials are quite popular for a variety of applications since they are lightweight and give strength and durability. The precision, the fast speed of drying, and the conveniences are the main factors driving the light curing equipment market.

  • Technological advancements

Expanded usage in a greater number of applications of light curing equipment is driven by ongoing advancements in LED efficiency, wavelength management, and affordability. UV-A LEDs provide wider compatibility with a wider range of materials, whereas high-power LEDs allow for faster curing. When comparing LED light sources to conventional curing techniques like thermal curing, substantial energy savings and a smaller environmental effect are possible. This is in line with the increasing worries about energy usage and worldwide sustainability initiatives, which makes LED-based light curing a more alluring choice for businesses that want a sustainable option. Light curing equipment technology is becoming even more attractive to a variety of sectors attributed to these improvements which is in turn driving the Light curing equipment market’s growth.

  • Expanding medical applications

There are more opportunities for light curing equipment thanks to the growing need in the medical and dentistry fields for biocompatible materials and minimally invasive treatments. Numerous factors, like as disease incidence and prevalence, macroeconomic concerns, geopolitical factors, and population demographics, might cause the light curing equipment market in the medical sector to grow. Significant development in this market has been driven by its appropriateness for quick, accurate, and biocompatible applications including wound healing and dental fillings.

Light Curing Equipment Market Restrains:

  • High initial cost and lack of training

As the technological advances continuously take place the production costs of Advanced light curing equipment, particularly LED systems also increases, which in turn pose as a barrier for companies on a small scale that have several budget constraints, and limited market penetration in the underdeveloped regions. Though light curing offers greater efficiency and environmental advantages, established methods like thermal curing may be favored in some situations because of their cheaper initial costs. Lack of awareness of light curing equipment technology also acts as a restrain, hindering the growth, as there is a shortage of trained professionals in the field. 

  • Stringent regulations

Light curing equipment must adhere to stringent requirements in medical and food-related applications, which complicates and raises the cost of research and manufacture. Certain manufacturers may find it difficult to ensure safety and to follow these rules. In sectors like the dental sector where light curing equipment is used widely, the manufacturers need to promote extra safety standards so that no complications happen. Light curing of only certain materials is possible as the compatibility is the concern. Light curing's compatibility with a greater variety of materials is still being researched and developed, however this poses a temporary barrier for some applications.

Light Curing Equipment Market Opportunities:

The need for quick and effective curing solutions in a variety of industries, such as electronics, medical equipment, and automotive, is driving a large expansion in the light curing equipment market. Light curing equipment improves the strength and performance of adhesives, coatings, and inks by curing them using LED, visible light or ultraviolet light. In the upcoming years, the market is anticipated to expand steadily due to technological breakthroughs and rising consumer awareness of light curing's benefits over conventional curing techniques. Future Light curing equipment market growth is anticipated to be further fueled by elements like the expansion of downstream industries and the rising need for environmentally friendly curing methods.

Recent Development:

  • In February 2023, Excelitas Technologies Corp., a renowned producer of industrial technology with an emphasis on providing cutting-edge, commercially driven photonic solutions, successfully acquired Phoseon Technology, Inc., Phoseon is a well-known innovator in the design and production of top-notch LED-based industrial curing and scientific lighting systems. These solutions provide a broad spectrum of international clients considerable efficiency advantages and field-proven dependability.
  • In August 2023, Leading producer of tools and materials for light-curing, Dymax showcased its products at The Battery Show 2023 in Novi, Michigan. The company showcased its novel light-curable materials designed for advanced electric vehicle batteries, highlighting advancements in PCB coating and battery bonding techniques.

Global Light Curing Equipment Market Segmentation

Light Curing Equipment Market is segmented based on Type, Application, and region.

Type Insights

  • LED Light Sources:

LED systems are becoming more and more popular due to its capacity to generate light at precisely regulated wavelengths, longer lifespan, and energy efficiency. This makes it possible to better manage the process and provide specialized curing for particular materials. Blue light from LED curing lights triggers a photo-initiator in the glue or composite resin to start the curing process.

  • V Curing & Visible Light Curing Sources:

Inks, adhesives, and coatings can be quickly dried or cured using UV curing devices, which employ visible and ultraviolet light to start a photochemical reaction. UV curing helps to cure by polymerization rather than evaporation. It is a high speed, low temperature technique.

The LED Light Sources segment dominated the market as a result of their extended longevity, energy efficiency, and environmental advantages. anticipated to continue growing significantly as a result of cost savings and technology improvements.

Application Insights

  • Electronics:

In order to preserve and improve performance, light curing is essential for PCB assembly, component bonding, and encapsulation. There is a growing need for quick and accurate curing systems due to automation and miniaturization. The increased compatibility of UV-A LEDs with a wider range of PCB materials has led to their growing popularity.

  • Medical:

Light curing's speed, accuracy, and biocompatibility make it useful for wound healing, prostheses, dental fillings, and other processes. Research on biocompatible photoinitiators and visible light curing technologies can lead to novel uses in the dentistry and medical domains.

  • Optical:

Accurate curing with little distortion and heat generation is necessary for the production of lenses, coatings, and fiber optic components. UV-A and high-power LEDs meet the demands of quick curing and versatility with a range of optical materials.

  • Printed Circuit Board:

Light curing equipment is used to cure the printed parts of circuit boards. since PCBs are becoming smaller and have more layers, which calls for accurate and effective curing methods. UV-A LEDs are becoming more and more popular because of their greater penetration and broader wavelength range.

  • General Industries:

Automotive (adhesives, coatings), aerospace (lightweight composites), and furniture manufacture (surface treatments) are among the industries that employ light curing. The potential of light curing is perfectly matched with the growing emphasis on strong, lightweight materials. The need for energy-efficient LED systems is driven by concerns about sustainability.

Among all the segments, the electronics segment dominated the light curing equipment market the most due to rapidly growing demand for electronics, diverse applications in electronics, readily advancing LED technology and growth in miniaturization and automation.

Regional Insights:

Regional Insights - Light Curing Equipment Market,

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Light Curing Equipment Market Regional Insights:

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to well established infrastructure, fast adoption of different technologies, stringent quality standards and growing awareness of the benefits that the light curing equipment offer.
  • Asia Pacific market holds the largest market share due to rapid industrialization, expanding electronics and medical device production, and government programs supporting cutting-edge technology, rising domestic production and a need for light curing equipment across a variety of sectors. China and India are important drivers.
  • Europe market is stable and growing at a steady state due to the focus on environmental regulations and sustainability provided by the LED light sources, stringent regulations and high quality standards in medical and automotive industries is further driving the light curing market’s growth.
  • Latin America market is in its developing stages with steady rising demands for light curing equipment, the market in Latin America would flourish in the forecast period due to the growing need of diversified applications of light curing equipment.
  • Middle East & Africa market is emerging with rising demand for light curing equipment, the growing infrastructure, flourishing diverse applications of light curing equipment in different sectors like healthcare.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - LED Light Sources and UV Curing & Visible Light Curing Sources

By Application - Electronics, Medical, Optical, Printed Circuit Board, and General Industries

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Light Curing Equipment Market report based on Type, Application and region:

Light Curing Equipment Market, By Type:

  • LED Light Sources
  • UV Curing & Visible Light Curing Sources

Light Curing Equipment Market, By Application:

  • Electronics
  • Medical
  • Optical
  • Printed Circuit Board
  • General Industries

Light Curing Equipment Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Light Curing Equipment Market Key Players

The key players operating the Light Curing Equipment Market includes, 3M Corp., Henkel AG & Company, OMRON Electronic Company, Dymax Corporation, American Ultraviolet Inc., Nordson Corporation, Incure Inc., Excelitas Technologies Corp., Tangent Industries Inc.

Global Light Curing Equipment Market Company Profile

  • 3M Corp.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Henkel AG & Company
  • OMRON Electronic Company
  • Dymax Corporation
  • American Ultraviolet Inc.
  • Nordson Corporation
  • Incure Inc.
  • Excelitas Technologies Corp
  • Tangent Industries Inc.

“*” marked represents similar segmentation in other categories in the respective section

Global Light Curing Equipment Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Light Curing Equipment Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • LED Light Sources
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • UV Curing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Visible Light Curing Sources
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Light Curing Equipment Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Electronics
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Medical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Optical
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Printed Circuit Board
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • General Industries
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Light Curing Equipment Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • 3M Corp.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Henkel AG & Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • OMRON Electronic Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dymax Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • American Ultraviolet Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nordson Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Incure Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Excelitas Technologies Corp
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tangent Industries Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kerr Corp
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Light Curing Equipment Market is segmented into Type, Application, and Region.

Factors include increasing dental procedures, advancements in technology, growing demand for cosmetic dentistry, and the shift toward LED curing lights.

Challenges include high initial costs, limited awareness and access in some regions, and potential variations in curing efficiency among different materials.

Global regions, with a focus on North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America, due to a well-established dental care infrastructure, high adoption of advanced technologies, and a significant number of dental procedures.

3M Corp. Henkel AG & Company OMRON Electronic Company Dymax Corporation American Ultraviolet Inc. Nordson Corporation Incure Inc. Excelitas Technologies Corp Tangent Industries Inc.