Global UV LED Market By Overview
Introduction:
A UV LED is the technology responsible for converting electrical energy into ultraviolet light. UV LED technology runs usually below 100-degree temperature. UV LED systems are applicable in almost all environments. Ultraviolet light-emitting diodes (LEDs) are used in a variety of applications. In the past few years, the application of UV LED was restricted to certain specific application needs such as curing, forensic, counterfeit, and others. But, due to the developments and advancements in technology, it has entered into mainstream applications like purification, indoor gardening, disinfection, sterilization, and medical phototherapy.
Drivers and Restraints:
Advancements in the manufacturing industry, increasing government policies to save energy and broadening area of applications of the technology are the major driving factors responsible for the growth of the global UV LED market. UV LED technology provides various benefits such as high switching capabilities, low power consumption, consistent UV output, compact size, high-cost savings and safe operations. This has led to boost the growth of the target market in nearly all industries. Furthermore, the usage of UV LEDs was restricted to only a few applications earlier. But, now the technology has entered into numerous new applications and is widely used in curing, forensic, sterilization, phototherapy, disinfection, printing and manufacturing of high-end health and beauty technologies such as cider, wine, spirits and beer. This has been possible due to continuous research and development studies globally. Also, the technology is currently used in the electronics industry such as in the manufacturing of flat panel displays for mobile phones and OLED televisions. As a result of increased adoption in most of the industry verticals, the technology is expected to witness exponential growth rates over the forecast period. However, the UV LED technology is relatively expensive than other technology’s in the market and lacks in providing desired results is the factors which hamper the growth of the target market. Nevertheless, the substantial amount of ongoing research and development is projected to result in improved performance to provide desired results. Several new players are entering the market, the price is also expected to reduce over the forecast period, which will impact positively on the market growth.
Segmentation:
The global UV LED market is segmented based on technology, application, and region.
Based on technology, the global UV LED market is segmented into UV-A, UV-B, and UV-C. Based on application, the target market is classified into optical sensors & instrumentation, counterfeit detection, sterilization, UV curing, medical light therapy, and other applications (photocatalytic purification and tanning).
Based on the region the global UV LED market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the highest contributor to the UV LED market owing to the growing focus on innovations obtained from research and development (R&D). Asia Pacific is however expected to register highest CAGR owing to a growing number of market players. North America, followed by Europe, is the second-largest contributor to the market and is anticipated to witness moderate CAGR over the forecast period.
Key Players:
The key players operating the global UV LED market involves Lumileds Holding BV, LG Innotek Co. Ltd., Honle UV America, Inc., Nordson Corporation, Seoulviosys Co. Ltd., Nichia Corporation, Semileds Corporation, EPIGAP Optronic GmbH, Crystal IS Inc., and Heraeus Holding GmbH. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the technologies to gain a competitive edge in the target market. For instance, in June 2018, LG Innotek planned to develop the high-end UV LED brand, “InnoUV.” The company plans to give the common name “InnoUV” to all of its UV LED Technologies, apply a separately created brand logo design to them, and allow all finished technology’s that use the company’s UV LED to use the logo.
Detailed Segmentation:
Global UV LED Market, By Technology:
- UV-A
- UV-B
- UV-C
Global UV LED Market, By Application:
- Optical Sensors & Instrumentation
- Counterfeit Detection
- Sterilization
- UV Curing
- Medical Light Therapy
- Other Applications (Photocatalytic Purification and Tanning
Global UV LED Market, By Region:
- North America
- North America UV LED Market, By Technology
- North America UV LED Market, By Application
- North America UV LED Market, By Country
- The U.S.
- Canada
- Europe
- Europe UV LED Market, By Technology
- Europe UV LED Market, By Application
- Europe UV LED Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific UV LED Market, By Technology
- Asia Pacific UV LED Market, By Application
- Asia Pacific UV LED Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America UV LED Market, By Technology
- Latin America UV LED Market, By Application
- Latin America UV LED Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa UV LED Market, By Technology
- Middle East & Africa UV LED Market, By Application
- Middle East & Africa UV LED Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Company Profile:
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- Lumileds Holding BV
- Company Overview
- Lumileds Holding BV
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- Technology Portfolio
- Key Highlights
- Financial Performance
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- LG Innotek Co. Ltd.
- Nordson Corporation
- Honle UV America, Inc.
- Seoulviosys Co. Ltd.
- Nichia Corporation
- Semileds Corporation
- EPIGAP Optronic GmbH
- Crystal IS, Inc.
- Heraeus Holding GmbH
“*” marked represents similar segmentation in other categories in the respective section
Global UV LED Market By Table of Contents
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 Industry 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 Purview
- Executive Summary
- Key Findings—Global Outlook for UV LED Strategies
- Key Questions this Study will Answer
- Market Snippet, By Technology
- 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
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global UV LED Market, By Technology, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- UV-A
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- UV-B
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- UV-C
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global UV LED Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Optical Sensors & Instrumentation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Counterfeit Detection
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Sterilization
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- UV Curing
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Medical Light Therapy
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Applications
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Photocatalytic Purification
- Tanning
- Overview
- Global UV LED Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Lumileds Holding BV
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- LG Innotek Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Honle UV America, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Nordson Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Seoulviosys Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Nichia Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Semileds Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- EPIGAP Optronic GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Crystal IS, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Heraeus Holding GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Lumileds Holding BV
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The UV LED Market accounted for US$ 0.6 billion in 2022 and is estimated to be US$ 4.1 billion by 2032 and is anticipated to register a CAGR of 21.1%.
The UV LED Market is segmented into Technology, Application, and Region.
Growing demand for energy-efficient lighting, emphasis on environmental sustainability, and the adoption of UV LED technology for disinfection, curing, and specialty lighting applications drive the growth of the UV LED market globally.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the target market includes, Lumileds Holding BV, LG Innotek Co. Ltd., Nordson Corporation, Honle UV America, Inc., Seoulviosys Co. Ltd., Nichia Corporation, Semileds Corporation, EPIGAP Optronic GmbH, Crystal IS, Inc., Heraeus Holding GmbH.