UV LED Market by Technology, Power, Application, End-User

List of Tables

[192 Pages Report] The UV LED Market size was estimated at USD 1.64 billion in 2023 and expected to reach USD 1.85 billion in 2024, at a CAGR 13.34% to reach USD 3.94 billion by 2030.

Global UV LED Market

KEY MARKET STATISTICS
Base Year [2023]	USD 1.64 billion
Estimated Year [2024]	USD 1.85 billion
Forecast Year [2030]	USD 3.94 billion
CAGR (%)	13.34%

Ultraviolet Light Emitting Diodes (UV LEDs) are a specific category of semiconductor devices that emit light in the electromagnetic spectrum's ultraviolet (UV) range. UV LEDs operate by converting electrical energy into ultraviolet radiation through electroluminescence. These semiconductor devices are capable of generating ultraviolet radiation with varying wavelengths ranging from 10 to 400 nanometers. UV LEDs have gained significant traction owing to their energy efficiency, compact size, environmental friendliness, and longer operational life than traditional mercury-based UV lamps. The growth factors driving the UV LED market encompass technological advancements leading to cost reduction per device and enhanced overall performance. Additionally, rising demand for energy-efficient lighting solutions with reduced environmental impacts and increasing adoption of UV LED technology for curing, printing, disinfection, and water purification contributes to the expanding adoption of UV LEDs. Strict governmental regulations aimed at reducing carbon emissions are propelling industries to adopt environmentally friendly alternatives such as UV LEDs over conventional mercury-based lamps. On the other hand, the high cost associated with UV LED technology and the complexity of deployment of high-power UV-C LEDs and heat dissipation hinder the widespread adoption of UV LEDs. The most recent opportunities emerging from the UV LED market include the increasing funding for research and development activities to improve UV LED performance and the rising need for UV LED solutions in healthcare facilities, laboratories, and water treatment plants. The global UV LED market offers immense potential for innovative growth driven by technological advancements, diverse applications across various sectors, environmentally friendly alternatives to conventional lamps, and emerging opportunities in disinfection practices.

Regional Insights

The demand for UV LEDs in the Americas is driven by a growing need for more efficient water treatment systems and increasing integration of UV LEDs into medical devices and equipment. In North American countries, including the U.S. and Canada, the growing food and beverages industry is adopting UV LEDs for water and surface disinfection. The environmental benefits associated with UV LED technology also play a significant role in its growing adoption across industries within the Americas region. APAC countries, such as China, Japan, and South Korea, are known as manufacturing hubs, and the demand for UV LED technology in electronics manufacturing is rising continuously. In India, the growing need for water purification systems with an increasing population has led to increased adoption of UV LED technology in both industrial and residential sectors.

Moreover, there has been a surge in demand for UV LED printers in the APAC region due to their exceptional print quality and durability. The UV LED market in the EMEA region has been experiencing significant growth owing to technological advancements, increasing demand for clean and safe water supply, strict regulatory standards, and growing awareness about energy-efficient solutions. Increasing concerns over water scarcity and pollution due to industrial development and population growth across countries, including South Africa and Nigeria within the EMEA region, have led to growing demand for innovative water treatment solutions that utilize UV technologies for effective disinfection processes without harmful chemicals. This heightened demand has subsequently driven investments in research & development activities within the UV LED market in the EMEA region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the UV LED Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the UV LED Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the UV LED Market, highlighting leading vendors and their innovative profiles. These include ams-OSRAM AG, Bivar Inc., Bolb Inc., Crystal IS, Inc. by Asahi Kasei Corporation, DOWA Electronics Materials Co., Ltd., Dr. Honle AG, EPIGAP Optronic GmbH, EPILEDS, Excelitas Technologies Corp., FUJIFILM Holdings America Corporation, Halma PLC, Heraeus Holding GmbH, HOYA Corporation, LITE-ON Technology Corp. by Diodes Incorporated, Lumileds Holding B.V., Luminus, Inc., NICHIA CORPORATION, Nikkiso Co., Ltd., Nitride Semiconductors Co.,Ltd., Nordson Corporation, Primelite GmbH, SemiLEDs Corporation, Seoul Viosys Co., Ltd., and Signify Holding.

Market Segmentation & Coverage

This research report categorizes the UV LED Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
- UV-A
- UV-B
- UV-C
Power
- 1W- 5W
- Less Than 1W
- More Than 5W
Application
- Disinfection
- Lithography
- Security
- UV Curing
End-User
- Commercial
- Industrial
- Residential
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the UV LED Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the UV LED Market?

3. What are the technology trends and regulatory frameworks in the UV LED Market?

4. What is the market share of the leading vendors in the UV LED Market?

5. Which modes and strategic moves are suitable for entering the UV LED Market?

Product Code: MRR-CF6C60CF95C0

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. UV LED Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for energy-efficient lighting solutions with reduced environmental impacts
  - 5.1.1.2. Increasing adoption of UV LED technology for curing, printing, disinfection, and water purification
  - 5.1.1.3. Implementation of strict regulations and frameworks for the use of green products
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with UV LED technology
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing funding for research and development activities to improve UV LED performance
  - 5.1.3.2. Rising need for UV LED solutions in healthcare facilities, laboratories, and water treatment plants
- 5.1.4. Challenges
  - 5.1.4.1. Complexity in deployment of high-power UV-C LEDs and heat dissipation
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Increasing application of UV-A LED technology for curing in industrial processes
- 5.2.2. Power: Rising preference for 1W to 5W power UV LEDs for water purification, and surface cleaning
- 5.2.3. Application: Growing usage of UV LEDs for disinfection processes
- 5.2.4. End-User: Expanding adoption of UV LED technology in commercial sector
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. UV LED Market, by Technology

6.1. Introduction
6.2. UV-A
6.3. UV-B
6.4. UV-C

7. UV LED Market, by Power

7.1. Introduction
7.2. 1W- 5W
7.3. Less Than 1W
7.4. More Than 5W

8. UV LED Market, by Application

8.1. Introduction
8.2. Disinfection
8.3. Lithography
8.4. Security
8.5. UV Curing

9. UV LED Market, by End-User

9.1. Introduction
9.2. Commercial
9.3. Industrial
9.4. Residential

10. Americas UV LED Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific UV LED Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa UV LED Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
  - 13.3.1.1. Excelitas Technologies Acquires Phoseon Technology, Strengthening Their Established UV Curing Capabilities and Expanding LED Innovation
- 13.3.2. New Product Launch & Enhancement
  - 13.3.2.1. Nichia Launches Significantly Improved UV-C LED

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. ams-OSRAM AG
- 14.1.2. Bivar Inc.
- 14.1.3. Bolb Inc.
- 14.1.4. Crystal IS, Inc. by Asahi Kasei Corporation
- 14.1.5. DOWA Electronics Materials Co., Ltd.
- 14.1.6. Dr. Honle AG
- 14.1.7. EPIGAP Optronic GmbH
- 14.1.8. EPILEDS
- 14.1.9. Excelitas Technologies Corp.
- 14.1.10. FUJIFILM Holdings America Corporation
- 14.1.11. Halma PLC
- 14.1.12. Heraeus Holding GmbH
- 14.1.13. HOYA Corporation
- 14.1.14. LITE-ON Technology Corp. by Diodes Incorporated
- 14.1.15. Lumileds Holding B.V.
- 14.1.16. Luminus, Inc.
- 14.1.17. NICHIA CORPORATION
- 14.1.18. Nikkiso Co., Ltd.
- 14.1.19. Nitride Semiconductors Co.,Ltd.
- 14.1.20. Nordson Corporation
- 14.1.21. Primelite GmbH
- 14.1.22. SemiLEDs Corporation
- 14.1.23. Seoul Viosys Co., Ltd.
- 14.1.24. Signify Holding
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing