UV-C LED Market - Global Outlook & Forecast 2023-2028

Description

The global UV-C LED market is expected to grow at a CAGR of 44.41% from 2022-2028.

MARKET TRENDS & OPPORTUNITIES

Growing Demand for Miniaturization & Portability

Consumers are increasingly seeking UV-C LED products that they can easily carry and use on the go. Portable UV-C LED sanitizing wands, for example, have gained popularity as they allow users to quickly disinfect surfaces like smartphones, keys, and personal items wherever they are. These compact products' convenience and ease of use have become essential selling points. Advancements in technology have also played a crucial role in driving the miniaturization trend.

Increasing Awareness of Health & Hygiene

Consumers increasingly demand safer and cleaner environments, especially in public spaces, healthcare facilities, and hospitality settings. Consumers are seeking technologies that can provide efficient and reliable disinfection solutions, leading to the growing popularity of UV-C LED products. Additionally, industries such as healthcare, hospitality, transportation, and food processing have recognized the need for robust disinfection measures to ensure the safety of their customers, employees, and products.

INDUSTRY RESTRAINTS

Limited Wavelength Range and Low External Quantum

Limited wavelength range and low external quantum efficiency (EQE) are significant challenges in the UV-C LED market, impacting the performance and versatility of UV-C LED technology. UV-C LEDs primarily emit light in a narrow wavelength range of around 260-280 nanometers, which is effective for germicidal applications. However, certain specialized applications, such as water purification or specific photochemical processes, may require different wavelengths. The ability to develop UV-C LEDs that can emit at specific wavelengths outside the typical range is essential to address the diverse needs of various industries and expand the potential applications of UV-C LED technology.

SEGMENTATION INSIGHTS

INSIGHTS BY MOUNTING TYPE

The global UV-C LED market is categorized into four types of mounting type- surface mount, chip-on-board, through hole, and others. Surface Mount accounts for the highest share of the market. Surface mount refers to directly soldering components onto a printed circuit board (PCB) surface instead of through-hole mounting, where leads pass through holes in the board. In the UVC LED market, the demand for surface mount-type LEDs is driven by their compact size, energy efficiency, durability, cost-effectiveness, and health & safety concerns. Through-hole and other mounting types are likely to grow and generate low revenue compared to surface mount and chip-on-board in the forecast period.

Segmentation by Mounting Type

Surface Mount
Chip-on-Board
Through-Hole
Other

INSIGHTS BY APPLICATIONS

The global UV-C LED market includes three major types of applications - water disinfection, surface disinfection, and air disinfection. The water disinfection market is expected to grow at a CAGR of over 43% during the forecast period and hold the largest segmental share. UV-C LEDs have shown great potential for water disinfection applications due to their ability to emit ultraviolet light in the germicidal range, specifically at 254 nanometers (nm). This wavelength effectively inactivates microorganisms, including bacteria, viruses, and protozoa, by damaging their DNA or RNA. The air disinfection market is expected to grow at the highest CAGR due to technological advancement, changing consumer behavior, technological integration, and health & safety concerns.

Segmentation by Application

Water Disinfection
Surface Disinfection
Air Disinfection

INSIGHTS BY WAVELENGTH

The global UV-C LED market comprises a wide range of wavelengths of UV-C LEDs. Some UV-C LEDs fall into the range of 200-230nm, some into 230-260nm, and the last category is 260-280nm. UV-C LED with a wavelength of 260-280nm held the highest share in the market in 2022 but is likely to grow steadily during the forecast period. These LEDs possess disinfection properties and find applications in various industries. UV-C LEDs in this range are used in fluorescence detection, chemical analysis, phototherapy, and surface sterilization. UV-C LED with a 230-260nm wavelength is anticipated to grow at the highest CAGR.

Segmentation by Wavelength

260-280 nm
230-260 nm
200-230 nm

GEOGRAPHICAL ANALYSIS

APAC accounted for the highest share of the global UV-C LED market, in 2022, due to the presence of countries like China, Japan, South Korea, India, and other emerging countries, which are the manufacturing hubs for electronics. The Asia-Pacific (APAC) region has witnessed a substantial surge in the demand for UV-C LED technology, primarily driven by its integration into the consumer electronics manufacturing industry. UV-C LEDs have gained immense popularity due to their ability to effectively disinfect and sanitize surfaces, making them a crucial component in addressing hygiene concerns, especially during the COVID-19 pandemic. In the consumer electronics manufacturing industry within the APAC region, the demand for UV-C LED technology has been particularly evident in products such as smartphones, tablets, laptops, and wearable devices.

Segmentation by Geography

APAC
- China
- Japan
- South Korea
- Vietnam
- India
North America
- The U.S.
- Canada
EMEA
- Germany
- Rest of Europe
- Middle East & Africa
Latin America
- Mexico
- Brazil

COMPETITIVE LANDSCAPE

The global UV-C LED market is dynamic and evolving, with numerous companies striving to establish their presence and gain a competitive advantage. The key players in this market can be categorized into three main groups: established LED manufacturers, specialized UV-C LED companies, and emerging players. Many prominent LED manufacturers have recognized the potential of UV-C LEDs and expanded their product offerings to include UV-C solutions. These companies leverage their experience, infrastructure, and established customer base to enter the UV-C LED market. Some key companies operating in the market are Nichia Corporation, Seoul Viosys, Crystal IS, ams-OSRAM AG, and many more.

Key Company Profiles

ams-OSRAM AG
Seoul Viosys Co., Ltd.
Crystal IS
STANLEY ELECTRIC CO., LTD.
NICHIA CORPORATION
AquiSense Technologies
Silanna UV
INTERNATIONAL LIGHT TECHNOLOGIES INC.

Other Prominent Vendors

BOLB INC.
Bytech Electronics
CrayoNano
High Power Lighting Corp.
Hongli Zhihui Group Co., LTD.
IBT Group
LatticePower Corporation Limited
LITE-ON Technology Corporation
Para Light Corp., Ltd.
ProPhotonix
Photon Wave CO., LTD.

KEY QUESTIONS ANSWERED:

1. How big is the UV-C LED market?

2. What is the growth rate of the global UV-C LED market?

3. What are the growing trends in the UV-C LED market?

4. Which region holds the most significant global UV-C LED market share?

5. Who are the key players in the global UV-C LED market?

Product Code: ARZ230823

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION
- 4.1.1 INCLUSIONS
- 4.1.2 EXCLUSIONS
- 4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
- 4.3.1 MARKET SEGMENTATION BY MOUNTING TYPE
- 4.3.2 MARKET SEGMENTATION BY APPLICATION
- 4.3.3 MARKET SEGMENTATION BY WAVELENGTH
- 4.3.4 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION

6 PREMIUM INSIGHTS

6.1 MARKET DEFINITION
6.2 REPORT OVERVIEW
6.3 OPPORTUNITIES & CHALLENGE ANALYSIS
6.4 SEGMENT ANALYSIS
6.5 REGIONAL ANALYSIS
6.6 COMPETITIVE LANDSCAPE

7 MARKET AT A GLANCE

8 INTRODUCTION

8.1 OVERVIEW
8.2 SEMICONDUCTOR INDUSTRY
8.3 RAW MATERIAL INSIGHTS
8.4 RECENT PRODUCT DEVELOPMENTS & EXPANSION
8.5 MACROECONOMIC EFFECTS
- 8.5.1 GEOPOLITICAL TENSIONS
- 8.5.2 RISK FACTORS
8.6 PRODUCT LIFECYCLE OF UV-C LEDS
8.7 VALUE CHAIN ANALYSIS

9 MARKET OPPORTUNITIES & TRENDS

9.1 ESCALATING DEMAND FOR DISINFECTION & STERILIZATION
9.2 RISING ADOPTION IN HEALTHCARE FACILITIES
9.3 GROWING DEMAND FOR MINIATURIZATION & PORTABILITY

10 MARKET GROWTH ENABLERS

10.1 INCREASING AWARENESS OF HEALTH & HYGIENE
10.2 SHIFT TOWARD ENVIRONMENTAL SUSTAINABILITY
10.3 BOOMING DEMAND FOR UV-C LED CONSUMER PRODUCTS

11 MARKET RESTRAINTS

11.1 HIGH INITIAL COST
11.2 LIMITED WAVELENGTH RANGE AND LOW EXTERNAL QUANTUM EFFICIENCY

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW
12.2 KEY HIGHLIGHTS
12.3 DISTRIBUTION CHANNELS
- 12.3.1 MANUFACTURERS AND SUPPLIERS
- 12.3.2 DISTRIBUTORS AND WHOLESALERS
- 12.3.3 OEMS AND SYSTEM INTEGRATORS
- 12.3.4 RETAILERS
- 12.3.5 E-COMMERCE PLATFORMS
- 12.3.6 DIRECT SALES AND OEM PARTNERSHIPS
12.4 MARKET SIZE & FORECAST
12.5 MARKET BY MOUNTING TYPE
12.6 MARKET BY APPLICATION
12.7 MARKET BY WAVELENGTH
12.8 FIVE FORCES ANALYSIS
- 12.8.1 THREAT OF NEW ENTRANTS
- 12.8.2 BARGAINING POWER OF SUPPLIERS
- 12.8.3 BARGAINING POWER OF BUYERS
- 12.8.4 THREAT OF SUBSTITUTES
- 12.8.5 COMPETITIVE RIVALRY

13 MOUNTING TYPE

13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 SURFACE MOUNT
- 13.3.1 MARKET SIZE & FORECAST
- 13.3.2 MARKET BY GEOGRAPHY
13.4 CHIP-ON-BOARD
- 13.4.1 MARKET SIZE & FORECAST
- 13.4.2 MARKET BY GEOGRAPHY
13.5 THROUGH-HOLE
- 13.5.1 MARKET SIZE & FORECAST
- 13.5.2 MARKET BY GEOGRAPHY
13.6 OTHER
- 13.6.1 MARKET SIZE & FORECAST
- 13.6.2 MARKET BY GEOGRAPHY

14 APPLICATION

14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 WATER DISINFECTION
- 14.3.1 MARKET SIZE & FORECAST
- 14.3.2 MARKET BY GEOGRAPHY
14.4 SURFACE DISINFECTION
- 14.4.1 MARKET SIZE & FORECAST
- 14.4.2 MARKET BY GEOGRAPHY
14.5 AIR DISINFECTION
- 14.5.1 MARKET SIZE & FORECAST
- 14.5.2 MARKET BY GEOGRAPHY

15 WAVELENGTH

15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 260-280NM
- 15.3.1 MARKET SIZE & FORECAST
- 15.3.2 MARKET BY GEOGRAPHY
15.4 230-260NM
- 15.4.1 MARKET SIZE & FORECAST
- 15.4.2 MARKET BY GEOGRAPHY
15.5 200-230NM
- 15.5.1 MARKET SIZE & FORECAST
- 15.5.2 MARKET BY GEOGRAPHY

16 GEOGRAPHY

16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 GEOGRAPHIC OVERVIEW

17 APAC

17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.3 APPLICATION
- 17.3.1 MARKET SIZE & FORECAST
17.4 MOUNTING TYPE
- 17.4.1 MARKET SIZE & FORECAST
17.5 WAVELENGTH
- 17.5.1 MARKET SIZE & FORECAST
17.6 KEY COUNTRIES
- 17.6.1 CHINA: MARKET SIZE & FORECAST
- 17.6.2 JAPAN: MARKET SIZE & FORECAST
- 17.6.3 SOUTH KOREA: MARKET SIZE & FORECAST
- 17.6.4 VIETNAM: MARKET SIZE & FORECAST
- 17.6.5 INDIA: MARKET SIZE & FORECAST

18 NORTH AMERICA

18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 APPLICATION
- 18.3.1 MARKET SIZE & FORECAST
18.4 MOUNTING TYPE
- 18.4.1 MARKET SIZE & FORECAST
18.5 WAVELENGTH
- 18.5.1 MARKET SIZE & FORECAST
18.6 KEY COUNTRIES
- 18.6.1 US: MARKET SIZE & FORECAST
- 18.6.2 CANADA: MARKET SIZE & FORECAST

19 EMEA

19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 APPLICATION
- 19.3.1 MARKET SIZE & FORECAST
19.4 MOUNTING TYPE
- 19.4.1 MARKET SIZE & FORECAST
19.5 WAVELENGTH
- 19.5.1 MARKET SIZE & FORECAST
19.6 KEY COUNTRIES
- 19.6.1 GERMANY: MARKET SIZE & FORECAST
- 19.6.2 REST OF EUROPE: MARKET SIZE & FORECAST
- 19.6.3 MIDDLE EAST & AFRICA: MARKET SIZE & FORECAST

20 LATIN AMERICA

20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 MOUNTING TYPE
- 20.3.1 MARKET SIZE & FORECAST
20.4 APPLICATION
- 20.4.1 MARKET SIZE & FORECAST
20.5 WAVELENGTH
- 20.5.1 MARKET SIZE & FORECAST
20.6 KEY COUNTRIES
- 20.6.1 MEXICO: MARKET SIZE & FORECAST
- 20.6.2 BRAZIL: MARKET SIZE & FORECAST

21 COMPETITIVE LANDSCAPE

21.1 COMPETITION OVERVIEW

22 KEY COMPANY PROFILES

22.1 AMS-OSRAM
- 22.1.1 BUSINESS OVERVIEW
- 22.1.2 PRODUCT OFFERINGS
- 22.1.3 KEY STRATEGIES
- 22.1.4 KEY STRENGTHS
- 22.1.5 KEY OPPORTUNITIES
22.2 SEOUL VIOSYS
- 22.2.1 BUSINESS OVERVIEW
- 22.2.2 PRODUCT OFFERINGS
- 22.2.3 KEY STRATEGIES
- 22.2.4 KEY STRENGTHS
- 22.2.5 KEY OPPORTUNITIES
22.3 CRYSTAL IS
- 22.3.1 BUSINESS OVERVIEW
- 22.3.2 PRODUCT OFFERINGS
- 22.3.3 KEY STRATEGIES
- 22.3.4 KEY STRENGTHS
- 22.3.5 KEY OPPORTUNITIES
22.4 STANLEY ELECTRIC
- 22.4.1 BUSINESS OVERVIEW
- 22.4.2 PRODUCT OFFERINGS
- 22.4.3 KEY STRATEGIES
- 22.4.4 KEY STRENGTHS
- 22.4.5 KEY OPPORTUNITIES
22.5 NICHIA CORPORATION
- 22.5.1 BUSINESS OVERVIEW
- 22.5.2 PRODUCT OFFERINGS
- 22.5.3 KEY STRATEGIES
- 22.5.4 KEY STRENGTHS
- 22.5.5 KEY OPPORTUNITIES
22.6 AQUISENSE TECHNOLOGIES
- 22.6.1 BUSINESS OVERVIEW
- 22.6.2 PRODUCT OFFERINGS
- 22.6.3 KEY STRATEGIES
- 22.6.4 KEY STRENGTHS
- 22.6.5 KEY OPPORTUNITIES
22.7 SILANNA UV
- 22.7.1 BUSINESS OVERVIEW
- 22.7.2 PRODUCT OFFERINGS
- 22.7.3 KEY STRATEGIES
- 22.7.4 KEY STRENGTHS
- 22.7.5 KEY OPPORTUNITIES
22.8 INTERNATIONAL LIGHT
- 22.8.1 BUSINESS OVERVIEW
- 22.8.2 PRODUCT OFFERINGS
- 22.8.3 KEY STRATEGIES
- 22.8.4 KEY STRENGTHS
- 22.8.5 KEY OPPORTUNITIES

23 OTHER PROMINENT VENDORS

23.1 BOLB
- 23.1.1 BUSINESS OVERVIEW
- 23.1.2 PRODUCT OFFERINGS
23.2 BYTECH ELECTRONICS
- 23.2.1 BUSINESS OVERVIEW
- 23.2.2 PRODUCT OFFERINGS
23.3 CRAYONANO
- 23.3.1 BUSINESS OVERVIEW
- 23.3.2 PRODUCT OFFERINGS
23.4 HIGH POWER LIGHTING
- 23.4.1 BUSINESS OVERVIEW
- 23.4.2 PRODUCT OFFERINGS
23.5 HONGLI ZHIHUI GROUP
- 23.5.1 BUSINESS OVERVIEW
- 23.5.2 PRODUCT OFFERINGS
23.6 IBT
- 23.6.1 BUSINESS OVERVIEW
- 23.6.2 PRODUCT OFFERINGS
23.7 LATTICEPOWER
- 23.7.1 BUSINESS OVERVIEW
- 23.7.2 PRODUCT OFFERINGS
23.8 LITE-ON TECHNOLOGY
- 23.8.1 BUSINESS OVERVIEW
- 23.8.2 PRODUCT OFFERINGS
23.9 PARA LIGHT
- 23.9.1 BUSINESS OVERVIEW
- 23.9.2 PRODUCT OFFERINGS
23.10 PRO PHOTONIX
- 23.10.1 BUSINESS OVERVIEW
- 23.10.2 PRODUCT OFFERINGS
23.11 PHOTON WAVE
- 23.11.1 BUSINESS OVERVIEW
- 23.11.2 PRODUCT OFFERINGS

24 REPORT SUMMARY

24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS

25 QUANTITATIVE SUMMARY

25.1 MARKET BY GEOGRAPHY
25.2 MARKET BY MOUNTING TYPE
25.3 MARKET BY APPLICATION
25.4 MARKET BY WAVELENGTH
25.5 APAC
- 25.5.1 MOUNTING TYPE: MARKET SIZE & FORECAST
- 25.5.2 APPLICATION: MARKET SIZE & FORECAST
- 25.5.3 WAVELENGTH: MARKET SIZE & FORECAST
25.6 NORTH AMERICA
- 25.6.1 MOUNTING TYPE: MARKET SIZE & FORECAST
- 25.6.2 APPLICATION: MARKET SIZE & FORECAST
- 25.6.3 WAVELENGTH: MARKET SIZE & FORECAST
25.7 EMEA
- 25.7.1 APPLICATION: MARKET SIZE & FORECAST
- 25.7.2 MOUNTING TYPE: MARKET SIZE & FORECAST
- 25.7.3 WAVELENGTH: MARKET SIZE & FORECAST
25.8 LATIN AMERICA
- 25.8.1 MOUNTING TYPE: MARKET SIZE & FORECAST
- 25.8.2 APPLICATION: MARKET SIZE & FORECAST
- 25.8.3 WAVELENGTH: MARKET SIZE & FORECAST

26 APPENDIX

26.1 ABBREVIATIONS