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Lighting and LED

PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1286732

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1286732

UV LED Market by Technology (UV-A, UV-B, UV-C), Power Output (Below 1 W, 1 W-5 W, above 5 W), Application (UV Curing, Medical Scientific, Disinfection, Agriculture), End Use (Residential, Commercial, Industrial) and Region - Global Forecast to 2028

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Table of Contents

The global UV LED market is projected to grow from USD 1.2 billion in 2023 to USD 2.8 billion by 2028, registering a CAGR of 19.7% during the forecast period. The UV LED market has witnessed significant growth due to several drivers. UV LEDs are highly energy-efficient compared to traditional UV light sources, resulting in reduced energy costs and maintenance requirements. UV LEDs offer energy efficiency, environmental friendliness, and compactness, making them appealing for various industries. The increasing range of applications has also contributed to the market's expansion. Industries such as healthcare, pharmaceuticals, electronics, automotive, and printing have adopted UV LED technology for curing, disinfection, sterilization, printing, counterfeit detection, and water purification. As a result, the demand for UV LEDs has surged across these sectors. Additionally, increased awareness of the benefits of UV technology has boosted demand. Overall, these factors have propelled the UV LED market's expansion, making it a promising industry for the future.

"The UV-A technology segment is expected to hold the second-highest market share in the overall UV LED market"

UV-A technology has wider range of applications in industrial and commercial sector. These LEDs have gained popularity due to their various applications across different industries. UV-A LEDs are commonly used in UV curing processes, where they play a vital role in the rapid curing or hardening of materials such as adhesives, inks, and coatings. The UV-A light initiates a photochemical reaction in these materials, leading to faster curing times and improved efficiency in industries like printing, electronics, and automotive manufacturing. Another significant application of UV-A LEDs is in fluorescence and blacklight applications. UV-A light causes certain materials to fluoresce, emitting visible light of various colours. This property is utilized in a range of fields including forensics, counterfeit detection, and art restoration. UV-A LEDs help identify hidden substances, detect counterfeit materials, and reveal hidden details on documents or artworks. UV-A LEDs also find application in horticulture and plant growth. While plants primarily require visible light for photosynthesis, UV-A light plays a role in stimulating growth and influencing certain plant characteristics. There are emerging possibilities, although not yet well-defined, to utilize UV radiation, particularly UV-A, in greenhouses and indoor vertical farms.

"The agriculture application is expected to grow at a second higher CAGR during the forecast period"

The agriculture application is experiencing significant growth within the UV LED market. UV LEDs offer several advantages for agricultural practices, leading to their increasing adoption in the industry. One of the key drivers for the growth of UV LED technology in agriculture is its ability to provide specific wavelengths of UV light that are beneficial for plant growth, disease control, and pest management. UV-B and UV-C wavelengths can stimulate plant growth, enhance crop yield, and improve overall plant health. Additionally, UV-C LEDs are effective in disinfecting seeds, surfaces, and water, reducing the risk of disease transmission and improving crop quality. Furthermore, UV LEDs offer energy efficiency, longer lifespan, and reduced heat generation compared to traditional lighting sources. This makes them a more sustainable and cost-effective choice for agricultural operations. The increasing focus on sustainable farming practices and the growing demand for pesticide-free and organic produce are also driving the adoption of UV LED technology in agriculture. UV LEDs provide a chemical-free alternative to pesticides, reducing environmental impact and ensuring food safety.

"South Korea is projected to have the second-highest CAGR during the forecast period"

South Korea is a major player in the global UV LED market, with the country's focus on technology and innovation driving advancements in UV LED products and solutions. The market for UV LED in South Korea is primarily driven by the growing demand for UV LED-based disinfection equipment. South Korean companies have been actively involved in the development and production of UV LED products, including leading companies such as Seoul Viosys. It offers a wide range of UV LED products, including deep UV LEDs, which have high market potential for various disinfection and sterilization applications. The South Korean government is currently involved in implementing a plan to clean its four major river basins-the Han River, the Keum River, the Youngsan River, and the Nakdong River-for which UV technology is used as the primary disinfection technology. The need for clean and safe water, along with a constant effort to provide clean drinking water from government utilities, will drive the UV disinfection equipment market in South Korea. Apart from water disinfection, companies such as Seoul Viosys and SMT Corporation, located in South Korea, focus on UV-based surface and air disinfection technology offerings to the end users in the country.

Breakdown of profiles of primary participants:

  • By Company Type: Tier 1 = 48%, Tier 2 = 28%, and Tier 3 = 24%
  • By Designation: C-level Executives = 53%, Directors = 26%, and Others = 21%
  • By Region: North America = 35%, Europe = 20%, APAC = 37%, and Rest of the World = 8%

The major companies in the UV LED market are Signify (Netherlands), Nordson Corporation (US), Seoul Viosys (South Korea), Honle Group (Germany), ams-OSRAM AG (Austria), SemiLEDs (Taiwan), Crystal IS (US), Dowa Holdings Co., Ltd. (Japan), Nichia Corporation (Japan), and Nikkiso Co., Ltd. (Japan).

Research Coverage:

This report segments the UV LED market, by technology (UV-A, UV-B, UV-C), power output (less than 1 W, 1 W-5 W, more than 5 W), application (UV curing, medical and scientific, disinfection), end use (industrial, commercial, residential), and region - forecast to 2028.

Reasons to Buy the Report:

  • This report includes statistics pertaining to the UV LED market based on technology, power output, application, end use, and region.
  • Major drivers, restraints, opportunities, and challenges for the UV LED market have been provided in detail in this report
  • The report includes illustrative segmentation, analysis, and forecast for UV LED market based on its segments.
  • The report also include the impact of recession on the UV LED market.
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Product Code: SE 3724

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 INCLUSIONS AND EXCLUSIONS
  • 1.4 STUDY SCOPE
    • 1.4.1 MARKETS COVERED
    • FIGURE 1 UV LED MARKET: SEGMENTATION
    • 1.4.2 REGIONAL SCOPE
    • FIGURE 2 UV LED MARKET: REGIONAL SCOPE
    • 1.4.3 YEARS CONSIDERED
  • 1.5 CURRENCY CONSIDERED
  • 1.6 LIMITATIONS
  • 1.7 STAKEHOLDERS
  • 1.8 SUMMARY OF CHANGES
    • 1.8.1 RECESSION IMPACT

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 3 UV LED MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY AND PRIMARY RESEARCH
    • FIGURE 4 RESEARCH APPROACH
    • 2.1.2 SECONDARY DATA
      • 2.1.2.1 List of key secondary sources
      • 2.1.2.2 Key data from secondary sources
    • 2.1.3 PRIMARY DATA
    • 2.1.4 MAJOR PRIMARY INTERVIEW PARTICIPANTS
    • 2.1.5 BREAKDOWN OF PRIMARY INTERVIEWS
      • 2.1.5.1 Breakdown of primaries
      • 2.1.5.2 Key industry insights
      • 2.1.5.3 Key data from primary sources
  • 2.2 MARKET SIZE ESTIMATION
    • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
  • 2.3 FACTOR ANALYSIS
    • 2.3.1 SUPPLY-SIDE ANALYSIS
    • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) - REVENUES GENERATED BY COMPANIES FROM SALE OF UV LEDS
    • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND-SIDE ANALYSIS) SHARE OF UV TECHNOLOGY IN DIFFERENT REGIONS
    • 2.3.2 BOTTOM-UP APPROACH
      • 2.3.2.1 Approach to derive market size using bottom-up analysis
    • FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    • 2.3.3 TOP-DOWN APPROACH
      • 2.3.3.1 Approach to derive market size using top-down analysis
    • FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • 2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 10 DATA TRIANGULATION
  • 2.5 RISK ASSESSMENT
    • TABLE 1 RISK FACTOR ANALYSIS
    • 2.5.1 IMPACT OF RECESSION ON UV LED MARKET
  • 2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS
    • 2.6.1 ASSUMPTIONS
    • 2.6.2 LIMITATIONS

3 EXECUTIVE SUMMARY

    • FIGURE 11 UV LED MARKET, 2019-2028 (USD MILLION)
    • FIGURE 12 UV-C SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    • FIGURE 13 LESS THAN 1 W SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    • FIGURE 14 DISINFECTION SEGMENT TO REGISTER FASTEST GROWTH BETWEEN 2023 AND 2028
    • FIGURE 15 COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023
    • FIGURE 16 ASIA PACIFIC TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN UV LED MARKET
    • FIGURE 17 INCREASING DEMAND FOR UV LEDS IN DISINFECTION APPLICATION
  • 4.2 UV LED MARKET, BY TECHNOLOGY
  • 4.3 UV LED MARKET, BY POWER OUTPUT
    • FIGURE 19 LESS THAN 1 W SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2023 TO 2028
  • 4.4 UV LED MARKET, BY APPLICATION
    • FIGURE 20 UV CURING SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023
  • 4.5 UV LED MARKET FOR DISINFECTION, BY TYPE
    • FIGURE 21 WATER DISINFECTION SEGMENT TO HOLD LARGEST SHARE OF UV LED MARKET FOR DISINFECTION IN 2023
  • 4.6 UV LED MARKET, BY END USER
    • FIGURE 22 COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023
  • 4.7 UV LED MARKET, BY REGION
    • FIGURE 23 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 24 UV LED MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 Longer operational life of UV LEDs compared with conventional UV lamps
    • TABLE 2 COMPARISON BETWEEN UV, MERCURY, AND XENON LAMPS
    • TABLE 3 COMPARISON BETWEEN UV LED, MERCURY, AND XENON LAMPS
      • 5.2.1.2 Growing inclination toward eco-friendly products and implementation of stringent regulations regarding use of green products
      • 5.2.1.3 Growing concern regarding safe drinking water in emerging nations
      • 5.2.1.4 Higher benefits of UV curing systems than traditional ones
    • FIGURE 25 UV LED MARKET: DRIVERS AND THEIR IMPACT
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Lower cost of conventional disinfectants compared with UV LEDs
      • 5.2.2.2 High cost and lack of awareness associated with UV coatings
    • FIGURE 26 UV LED MARKET: RESTRAINTS AND THEIR IMPACT
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Increasing demand for ultrapure water
      • 5.2.3.2 Expanding consumer electronics industry
      • 5.2.3.3 Emerging applications of UV LEDs in automotive industry
    • FIGURE 27 UV LED MARKET: OPPORTUNITIES AND THEIR IMPACT
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Limited applications of UV LEDs compared with traditional UV lamps
      • 5.2.4.2 Strict standards related to UV LED technology
    • FIGURE 28 UV LED MARKET: CHALLENGES AND THEIR IMPACT
  • 5.3 VALUE CHAIN ANALYSIS
    • FIGURE 29 UV LED MARKET: VALUE CHAIN ANALYSIS
  • 5.4 ECOSYSTEM ANALYSIS
    • TABLE 4 UV LED MARKET: ECOSYSTEM ANALYSIS
    • FIGURE 30 UV LED MARKET: ECOSYSTEM ANALYSIS
  • 5.5 PRICING ANALYSIS
    • FIGURE 31 AVERAGE SELLING PRICE (ASP), BY TECHNOLOGY
    • 5.5.1 AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY TOP THREE PLAYERS, BY TECHNOLOGY
    • FIGURE 32 AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY TOP THREE PLAYERS, BY TECHNOLOGY
    • TABLE 5 AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY KEY PLAYERS, BY TECHNOLOGY
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
    • FIGURE 33 REVENUE SHIFT AND NEW REVENUE POCKETS FOR UV LED PROVIDERS
  • 5.7 TECHNOLOGY ANALYSIS
    • 5.7.1 UV LED TECHNOLOGY IN UV CURING
      • 5.7.1.1 Stereoscopic Vision and Time of Flight (TOF)
    • TABLE 6 COMPARISON BETWEEN MERCURY LAMPS AND UV LED TECHNOLOGY
    • 5.7.2 UV LIGHT TECHNOLOGY
    • 5.7.3 MINIATURIZATION
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 34 UV LED MARKET: PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 35 PORTER'S FIVE FORCES ANALYSIS
    • TABLE 7 UV LED MARKET: PORTER'S FIVE FORCES ANALYSIS
    • 5.8.1 THREAT OF NEW ENTRANTS
    • 5.8.2 THREAT OF SUBSTITUTES
    • 5.8.3 BARGAINING POWER OF SUPPLIERS
    • 5.8.4 BARGAINING POWER OF BUYERS
    • 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
    • TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
    • 5.9.2 BUYING CRITERIA
    • FIGURE 37 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    • TABLE 9 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • 5.10 CASE STUDY ANALYSIS
    • 5.10.1 UV CURING SYSTEM FOR NASAL SWABS
    • TABLE 10 DYMAX'S UVCS LIGHT-CURING CONVEYOR SYSTEMS HELPED INCREASE PRODUCTION OF NASAL SWABS
    • 5.10.2 UV CURING SYSTEM FOR WPG HOLDINGS
    • TABLE 11 BALDWIN TECHNOLOGY HELPED IMPROVE WPG'S KOMORI LS829P WITH UV CURING
    • 5.10.3 UV CURING SYSTEM FOR POLYJET
    • TABLE 12 PHOSEON TECHNOLOGY PROVIDED UV CURING TECHNOLOGY TO POLYJET TO INCREASE PRINTING ACCURACY
  • 5.11 TRADE ANALYSIS
    • TABLE 13 IMPORT DATA FOR ULTRAVIOLET OR INFRA-RED LAMPS, HS CODE: 853949, BY COUNTRY, 2017-2021 (USD MILLION)
    • FIGURE 38 COMPLIANT PRODUCTS AND IMPORT VALUES FOR MAJOR COUNTRIES (2017-2021)
    • TABLE 14 EXPORT DATA FOR ULTRAVIOLET OR INFRA-RED LAMPS, HS CODE: 853949, BY COUNTRY, 2017-2021 (USD MILLION)
    • FIGURE 39 COMPLIANT PRODUCTS AND EXPORT VALUES FOR MAJOR COUNTRIES, 2017-2021
  • 5.12 PATENT ANALYSIS
    • FIGURE 40 NUMBER OF PATENTS GRANTED, 2013-2022
    • FIGURE 41 PATENTS GRANTED, BY REGION, 2013-2022
    • TABLE 15 UV LED MARKET: KEY PATENTS, 2020-2022
  • 5.13 KEY CONFERENCES AND EVENTS, 2023-2025
    • TABLE 16 UV LED MARKET: CONFERENCES AND EVENTS
  • 5.14 REGULATORY LANDSCAPE
    • TABLE 17 UV LED MARKET: REGULATORY LANDSCAPE
    • 5.14.1 CODES AND STANDARDS RELATED TO UV LED
    • TABLE 18 UV LED: CODES AND STANDARDS

6 UV LED MARKET, BY TECHNOLOGY

  • 6.1 INTRODUCTION
    • FIGURE 42 UV LED MARKET, BY TECHNOLOGY
    • TABLE 19 UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • FIGURE 43 UV-C SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    • TABLE 20 UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 6.1.1 UV-A
      • 6.1.1.1 Rising applications in industrial and commercial sectors
    • TABLE 21 UV-A: UV LED MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 22 UV-A: UV LED MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 23 UV-A: UV LED MARKET, BY END USER, 2019-2022 (USD MILLION)
    • TABLE 24 UV-A: UV LED MARKET, BY END USER, 2023-2028 (USD MILLION)
    • TABLE 25 UV-A: UV LED MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 26 UV-A: UV LED MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 6.1.2 UV-B
      • 6.1.2.1 Higher energy levels than UV-A and safer compared to UV-C
    • TABLE 27 UV-B: UV LED MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 28 UV-B: UV LED MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 29 UV-B: UV LED MARKET, BY END USER, 2019-2022 (USD MILLION)
    • TABLE 30 UV-B: UV LED MARKET, BY END USER, 2023-2028 (USD MILLION)
    • TABLE 31 UV-B: UV LED MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 32 UV-B: UV LED MARKET, BY REGION, 2023-2028 (USD MILLION)
    • 6.1.3 UV-C
      • 6.1.3.1 Growing demand for effective disinfection and sterilization solutions
    • FIGURE 44 BENEFITS ASSOCIATED WITH USING UV-C TECHNOLOGY IN DIFFERENT APPLICATIONS
    • TABLE 33 UV-C: UV LED MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 34 UV-C: UV LED MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 35 UV-C: UV LED MARKET, BY END USER, 2019-2022 (USD MILLION)
    • TABLE 36 UV-C: UV LED MARKET, BY END USER, 2023-2028 (USD MILLION)
    • TABLE 37 UV-C: UV LED MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 38 UV-C: UV LED MARKET, BY REGION, 2023-2028 (USD MILLION)

7 UV LED MARKET, BY POWER OUTPUT

  • 7.1 INTRODUCTION
    • FIGURE 45 UV LED MARKET, BY POWER OUTPUT
    • TABLE 39 UV LED MARKET, BY POWER OUTPUT, 2019-2022 (USD MILLION)
    • FIGURE 46 LESS THAN 1W SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    • TABLE 40 UV LED MARKET, BY POWER OUTPUT, 2023-2028 (USD MILLION)
    • 7.1.1 LESS THAN 1 W
      • 7.1.1.1 Widening application scope in various industries
    • 7.1.2 1-5 W
      • 7.1.2.1 High power output while maintaining energy efficiency
    • 7.1.3 ABOVE 5 W
      • 7.1.3.1 Suitability for high-power applications

8 UV LED MARKET, BY APPLICATION

  • 8.1 INTRODUCTION
    • FIGURE 47 UV LED MARKET, BY APPLICATION
    • TABLE 41 UV LED MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • FIGURE 48 DISINFECTION SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD
    • TABLE 42 UV LED MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • 8.1.1 UV CURING
    • TABLE 43 UV CURING: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 44 UV CURING: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 45 UV CURING: UV LED MARKET, BY TYPE, 2019-2022 (USD MILLION)
    • FIGURE 49 COATING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    • TABLE 46 UV CURING: UV LED MARKET, BY TYPE, 2023-2028 (USD MILLION)
      • 8.1.1.1 Printing
        • 8.1.1.1.1 Higher benefits of UV printing over traditional printing
      • 8.1.1.2 Coating
        • 8.1.1.2.1 Increases operational life of final products
      • 8.1.1.3 Adhesives
        • 8.1.1.3.1 Used in assembly and manufacturing processes
    • 8.1.2 MEDICAL AND SCIENTIFIC
    • TABLE 47 MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 48 MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 49 MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TYPE, 2019-2022 (USD MILLION)
    • FIGURE 50 EQUIPMENT STERILIZATION SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    • TABLE 50 MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TYPE, 2023-2028 (USD MILLION)
      • 8.1.2.1 Phototherapy
        • 8.1.2.1.1 Revolutionized treatment of different skin conditions
      • 8.1.2.2 Sensing
        • 8.1.2.2.1 Used to trace presence of chemicals or pathogens in any substances
      • 8.1.2.3 Equipment sterilization
        • 8.1.2.3.1 Helps prevent spread of harmful pathogens, ensures product safety, and maintains hygienic environment
      • 8.1.2.4 Research and development
        • 8.1.2.4.1 Widely used in drug discovery, protein analysis, and synthesis of vitamin D
      • 8.1.2.5 Teeth brightening
        • 8.1.2.5.1 Harnessed to accelerate whitening process
      • 8.1.2.6 Tanning
        • 8.1.2.6.1 Provides safer and more controlled tanning experience than traditional tanning beds
    • 8.1.3 DISINFECTION
    • TABLE 51 DISINFECTION: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 52 DISINFECTION: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 53 DISINFECTION: UV LED MARKET, BY TYPE, 2019-2022 (USD MILLION)
    • FIGURE 51 WATER DISINFECTION SEGMENT TO RECORD HIGHEST GROWTH RATE IN UV LED MARKET FOR DISINFECTION DURING FORECAST PERIOD
    • TABLE 54 DISINFECTION: UV LED MARKET, BY TYPE, 2023-2028 (USD MILLION)
      • 8.1.3.1 Water disinfection
        • 8.1.3.1.1 Used to effectively destroys bacteria, viruses, and other pathogens in water by damaging DNA or RNA
      • 8.1.3.2 Air disinfection
        • 8.1.3.2.1 Use UV-C light in germicidal range to effectively destroy or inactivate microorganisms
      • 8.1.3.3 Surface disinfection
        • 8.1.3.3.1 Efficient and eco-friendly method of eliminating pathogens from different surfaces
    • 8.1.4 SECURITY
    • TABLE 55 SECURITY: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 56 SECURITY: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 57 SECURITY: UV LED MARKET, BY TYPE, 2019-2022 (USD MILLION)
    • FIGURE 52 FORENSIC SEGMENT TO RECORD HIGHER GROWTH RATE IN UV LED MARKET FOR SECURITY DURING FORECAST PERIOD
    • TABLE 58 SECURITY: UV LED MARKET, BY TYPE, 2023-2028 (USD MILLION)
      • 8.1.4.1 Counterfeit detection (Money and ID)
        • 8.1.4.1.1 Enables to detect special inks on currency notes
      • 8.1.4.2 Forensic
        • 8.1.4.2.1 Provides enhanced examination and documentation of crime scenes and evidence
    • 8.1.5 AGRICULTURE
    • TABLE 59 AGRICULTURE: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 60 AGRICULTURE: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 61 AGRICULTURE: UV LED MARKET, BY TYPE, 2019-2022 (USD MILLION)
    • FIGURE 53 HORTICULTURE SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD
    • TABLE 62 AGRICULTURE: UV LED MARKET, BY TYPE, 2023-2028 (USD MILLION)
      • 8.1.5.1 Horticulture
        • 8.1.5.1.1 Allows for year-round cultivation
      • 8.1.5.2 Food processing
        • 8.1.5.2.1 Used for air sterilization in processing facilities and preventing spread of airborne contaminants
    • 8.1.6 LITHOGRAPHY
      • 8.1.6.1 Lower cost and higher flexibility compared with other printing methods
    • TABLE 63 LITHOGRAPHY: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 64 LITHOGRAPHY: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 8.1.7 OTHERS
    • TABLE 65 OTHERS: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 66 OTHERS: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)

9 UV LED MARKET, BY END USER

  • 9.1 INTRODUCTION
    • FIGURE 54 UV LED MARKET, BY END USER
    • TABLE 67 UV LED MARKET, BY END USER, 2019-2022 (USD MILLION)
    • FIGURE 55 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    • TABLE 68 UV LED MARKET, BY END USER, 2023-2028 (USD MILLION)
    • 9.1.1 INDUSTRIAL
      • 9.1.1.1 Increasing demand for UV technology in manufacturing sector
    • TABLE 69 INDUSTRIAL: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 70 INDUSTRIAL: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 9.1.2 COMMERCIAL
      • 9.1.2.1 Rising applications of UV LEDs in commercial sector
    • TABLE 71 COMMERCIAL: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 72 COMMERCIAL: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 9.1.3 RESIDENTIAL
      • 9.1.3.1 Growing demand for disinfection solutions
    • TABLE 73 RESIDENTIAL: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 74 RESIDENTIAL: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)

10 UV LED MARKET, BY REGION

  • 10.1 INTRODUCTION
    • FIGURE 56 UV LED MARKET, BY REGION
    • FIGURE 57 CHINA TO REGISTER HIGHEST CAGR IN UV LED MARKET DURING FORECAST PERIOD
    • FIGURE 58 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN GLOBAL UV LED MARKET DURING FORECAST PERIOD
    • TABLE 75 UV LED MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 76 UV LED MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 10.2 NORTH AMERICA
    • 10.2.1 NORTH AMERICA: RECESSION IMPACT
    • FIGURE 59 NORTH AMERICA: IMPACT OF RECESSION
    • FIGURE 60 NORTH AMERICA: SNAPSHOT OF UV LED MARKET
    • TABLE 77 NORTH AMERICA: UV LED MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 78 NORTH AMERICA: UV LED MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 79 NORTH AMERICA: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 80 NORTH AMERICA: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 81 NORTH AMERICA: UV LED MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 82 NORTH AMERICA: UV LED MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 83 NORTH AMERICA: UV LED MARKET, BY END USER, 2019-2022 (USD MILLION)
    • TABLE 84 NORTH AMERICA: UV LED MARKET, BY END USER, 2023-2028 (USD MILLION)
    • 10.2.2 US
      • 10.2.2.1 Large presence of key market players
    • TABLE 85 US: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 86 US: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 10.2.3 CANADA
      • 10.2.3.1 Emergence of disinfection and UV curing applications
    • TABLE 87 CANADA: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 88 CANADA: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 10.2.4 MEXICO
      • 10.2.4.1 Growing need for effective and safe disinfection methods
  • 10.3 EUROPE
    • 10.3.1 EUROPE: RECESSION IMPACT
    • FIGURE 61 EUROPE: IMPACT OF RECESSION
    • FIGURE 62 EUROPE: SNAPSHOT OF UV LED MARKET
    • TABLE 89 EUROPE: UV LED MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 90 EUROPE: UV LED MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 91 EUROPE: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 92 EUROPE: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 93 EUROPE: UV LED MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 94 EUROPE: UV LED MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 95 EUROPE: UV LED MARKET, BY END USER, 2019-2022 (USD MILLION)
    • TABLE 96 EUROPE: UV LED MARKET, BY END USER, 2023-2028 (USD MILLION)
    • 10.3.2 UK
      • 10.3.2.1 Rising deployment of UV disinfection equipment in commercial sector
    • TABLE 97 UK: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 98 UK: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 10.3.3 GERMANY
      • 10.3.3.1 Rising applications of UV LEDs in automotive industry
    • TABLE 99 GERMANY: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 100 GERMANY: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 10.3.4 FRANCE
      • 10.3.4.1 Presence of stringent regulations for protecting human health and environment
    • TABLE 101 FRANCE: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 102 FRANCE: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 10.3.5 ITALY
      • 10.3.5.1 Growing demand for UV technology with increasing health concerns
    • 10.3.6 SPAIN
      • 10.3.6.1 Increasing demand in disinfection, water treatment, and curing processes
    • 10.3.7 REST OF EUROPE
  • 10.4 ASIA PACIFIC
    • 10.4.1 ASIA PACIFIC: RECESSION IMPACT
    • FIGURE 63 ASIA PACIFIC: IMPACT OF RECESSION
    • FIGURE 64 ASIA PACIFIC: SNAPSHOT OF UV LED MARKET
    • TABLE 103 ASIA PACIFIC: UV LED MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 104 ASIA PACIFIC: UV LED MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 105 ASIA PACIFIC: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 106 ASIA PACIFIC: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 107 ASIA PACIFIC: UV LED MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 108 ASIA PACIFIC: UV LED MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 109 ASIA PACIFIC: UV LED MARKET, BY END USER, 2019-2022 (USD MILLION)
    • TABLE 110 ASIA PACIFIC: UV LED MARKET, BY END USER, 2023-2028 (USD MILLION)
    • 10.4.2 CHINA
      • 10.4.2.1 Growing population and need to provide clean and safe water
    • TABLE 111 CHINA: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 112 CHINA: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 10.4.3 JAPAN
      • 10.4.3.1 Increasing export of UV LEDs
    • TABLE 113 JAPAN: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 114 JAPAN: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 10.4.4 SOUTH KOREA
      • 10.4.4.1 Growing demand for UV water disinfection equipment
    • TABLE 115 SOUTH KOREA: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 116 SOUTH KOREA: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • 10.4.5 TAIWAN
      • 10.4.5.1 Presence of key market players
    • 10.4.6 INDIA
      • 10.4.6.1 Government-led promotions of UV LED technology in commercial and residential sectors
    • 10.4.7 REST OF ASIA PACIFIC
  • 10.5 ROW
    • 10.5.1 ROW: RECESSION IMPACT
    • FIGURE 65 ROW: IMPACT OF RECESSION
    • FIGURE 66 ROW: SNAPSHOT OF UV LED MARKET
    • TABLE 117 ROW: UV LED MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 118 ROW: UV LED MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 119 ROW: UV LED MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
    • TABLE 120 ROW: UV LED MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
    • TABLE 121 ROW: UV LED MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 122 ROW: UV LED MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 123 ROW: UV LED MARKET, BY END USER, 2019-2022 (USD MILLION)
    • TABLE 124 ROW: UV LED MARKET, BY END USER, 2023-2028 (USD MILLION)
    • 10.5.2 MIDDLE EAST & AFRICA
      • 10.5.2.1 Growing need to recycle wastewater
    • 10.5.3 SOUTH AMERICA
      • 10.5.3.1 Growing demand for high-quality and energy-efficient disinfection solutions in various industries

11 COMPETITIVE LANDSCAPE

  • 11.1 INTRODUCTION
  • 11.2 STRATEGIES ADOPTED BY KEY PLAYERS
    • TABLE 125 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
  • 11.3 MARKET SHARE ANALYSIS
    • FIGURE 67 UV LED MARKET: MARKET SHARE ANALYSIS (2022)
    • TABLE 126 UV LED MARKET SHARE ANALYSIS
  • 11.4 REVENUE ANALYSIS
    • FIGURE 68 UV LED MARKET: REVENUE SHARE ANALYSIS OF TOP FIVE PLAYERS, 2018-2022
  • 11.5 COMPANY EVALUATION QUADRANT
    • 11.5.1 STARS
    • 11.5.2 PERVASIVE PLAYERS
    • 11.5.3 EMERGING LEADERS
    • 11.5.4 PARTICIPANTS
    • FIGURE 69 UV LED MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022
  • 11.6 COMPETITIVE BENCHMARKING
    • TABLE 127 COMPANY FOOTPRINT
    • TABLE 128 TECHNOLOGY: COMPANY FOOTPRINT
    • TABLE 129 APPLICATION: COMPANY FOOTPRINT
    • TABLE 130 REGION: COMPANY FOOTPRINT
  • 11.7 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION QUADRANT
    • 11.7.1 PROGRESSIVE COMPANIES
    • 11.7.2 RESPONSIVE COMPANIES
    • 11.7.3 DYNAMIC COMPANIES
    • 11.7.4 STARTING BLOCKS
    • FIGURE 70 UV LED MARKET: EVALUATION QUADRANT FOR STARTUPS/SMES, 2022
    • TABLE 131 UV LED MARKET: LIST OF KEY STARTUPS/SMES
    • TABLE 132 UV LED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • 11.8 COMPETITIVE SCENARIO AND TRENDS
    • 11.8.1 PRODUCT LAUNCHES
    • TABLE 133 UV LED MARKET: PRODUCT LAUNCHES, JANUARY 2018-MARCH 2023
    • 11.8.2 DEALS
    • TABLE 134 UV LED MARKET: DEALS, JANUARY 2018-NOVEMBER 2022

12 COMPANY PROFILES

  • (Business overview, Products offered, Recent Developments, MNM view)**
  • 12.1 KEY PLAYERS
    • 12.1.1 SIGNIFY HOLDING
    • TABLE 135 SIGNIFY HOLDING: COMPANY OVERVIEW
    • FIGURE 71 SIGNIFY HOLDING: COMPANY SNAPSHOT
    • TABLE 136 SIGNIFY HOLDING: PRODUCTS OFFERED
    • TABLE 137 SIGNIFY HOLDING: PRODUCT LAUNCHES
    • TABLE 138 SIGNIFY HOLDING: DEALS
    • 12.1.2 NORDSON CORPORATION
    • TABLE 139 NORDSON CORPORATION: COMPANY OVERVIEW
    • FIGURE 72 NORDSON CORPORATION: COMPANY SNAPSHOT
    • TABLE 140 NORDSON CORPORATION: PRODUCTS OFFERED
    • TABLE 141 NORDSON CORPORATION: DEALS
    • 12.1.3 SEOUL VIOSYS
    • TABLE 142 SEOUL VIOSYS: COMPANY OVERVIEW
    • FIGURE 73 SEOUL VIOSYS: COMPANY SNAPSHOT
    • TABLE 143 SEOUL VIOSYS: PRODUCTS OFFERED
    • TABLE 144 SEOUL VIOSYS: PRODUCT LAUNCHES
    • TABLE 145 SEOUL VIOSYS: DEALS
    • 12.1.4 HONLE GROUP
    • TABLE 146 HONLE GROUP: COMPANY OVERVIEW
    • FIGURE 74 HONLE GROUP: COMPANY SNAPSHOT
    • TABLE 147 HONLE GROUP: PRODUCTS OFFERED
    • TABLE 148 HONLE GROUP: PRODUCT LAUNCHES
    • TABLE 149 HONLE GROUP: DEALS
    • 12.1.5 AMS-OSRAM AG
    • TABLE 150 AMS-OSRAM AG: COMPANY OVERVIEW
    • FIGURE 75 AMS-OSRAM AG: COMPANY SNAPSHOT
    • TABLE 151 AMS-OSRAM AG: PRODUCTS OFFERED
    • TABLE 152 AMS-OSRAM AG: PRODUCT LAUNCHES
    • TABLE 153 AMS-OSRAM AG: DEALS
    • 12.1.6 SEMILEDS CORPORATION
    • TABLE 154 SEMILEDS CORPORATION: COMPANY OVERVIEW
    • FIGURE 76 SEMILEDS CORPORATION: COMPANY SNAPSHOT
    • TABLE 155 SEMILEDS CORPORATION: PRODUCTS OFFERED
    • TABLE 156 SEMILEDS CORPORATION: DEALS
    • 12.1.7 CRYSTAL IS
    • TABLE 157 CRYSTAL IS: COMPANY SNAPSHOT
    • TABLE 158 CRYSTAL IS: PRODUCTS OFFERED
    • TABLE 159 CRYSTAL IS: PRODUCT LAUNCHES
    • TABLE 160 CRYSTAL IS: DEALS
    • 12.1.8 DOWA HOLDINGS CO., LTD.
    • TABLE 161 DOWA HOLDINGS CO., LTD.: COMPANY OVERVIEW
    • FIGURE 77 DOWA HOLDINGS CO., LTD.: COMPANY SNAPSHOT
    • TABLE 162 DOWA HOLDING CO., LTD.: PRODUCTS OFFERED
    • TABLE 163 DOWA HOLDING CO., LTD.: PRODUCT LAUNCHES
    • 12.1.9 NICHIA CORPORATION
    • TABLE 164 NICHIA CORPORATION: COMPANY SNAPSHOT
    • TABLE 165 NICHIA CORPORATION: PRODUCTS OFFERED
    • TABLE 166 NICHIA CORPORATION: PRODUCT LAUNCHES
    • 12.1.10 NIKKISO CO., LTD.
    • TABLE 167 NIKKISO CO., LTD.: COMPANY OVERVIEW
    • FIGURE 78 NIKKISO CO., LTD.: COMPANY SNAPSHOT
    • TABLE 168 NIKKISO CO., LTD.: PRODUCTS OFFERED
  • 12.2 OTHER PLAYERS
    • 12.2.1 HERAEUS HOLDING
    • 12.2.2 PHOSEON TECHNOLOGY
    • 12.2.3 HALMA PLC
    • 12.2.4 LUMILEDS HOLDING B.V.
    • 12.2.5 HOYA CORP.
    • 12.2.6 EXCELITAS TECHNOLOGIES CORP.
    • 12.2.7 ADVANCED OPTOELECTRONIC TECHNOLOGY, INC.
    • 12.2.8 LUMINUS, INC.
    • 12.2.9 NITRIDE SEMICONDUCTOR CO., LTD.
    • 12.2.10 EPILEDS TECHNOLOGIES, INC.
    • 12.2.11 LITE-ON TECHNOLOGY CORP.
    • 12.2.12 BOLB INC.
    • 12.2.13 PRIMELITE GMBH
    • 12.2.14 LUMEX INC.
    • 12.2.15 BIVAR
  • *Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

13 APPENDIX

  • 13.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 13.4 CUSTOMIZATION OPTIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS
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