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
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
Abstract
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), Hönle 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.
Content
Table of Contents
1INTRODUCTION29
1.1STUDY OBJECTIVES29
1.2MARKET DEFINITION29
1.3INCLUSIONS AND EXCLUSIONS30
1.4STUDY SCOPE30
1.4.1MARKETS COVERED30
FIGURE 1UV LED MARKET: SEGMENTATION30
1.4.2REGIONAL SCOPE31
FIGURE 2UV LED MARKET: REGIONAL SCOPE31
1.4.3YEARS CONSIDERED31
1.5CURRENCY CONSIDERED32
1.6LIMITATIONS32
1.7STAKEHOLDERS32
1.8SUMMARY OF CHANGES32
1.8.1RECESSION IMPACT33
2RESEARCH METHODOLOGY34
2.1RESEARCH DATA34
FIGURE 3UV LED MARKET: RESEARCH DESIGN34
2.1.1SECONDARY AND PRIMARY RESEARCH35
FIGURE 4RESEARCH APPROACH36
2.1.2SECONDARY DATA36
2.1.2.1List of key secondary sources37
2.1.2.2Key data from secondary sources37
2.1.3PRIMARY DATA38
2.1.4MAJOR PRIMARY INTERVIEW PARTICIPANTS38
2.1.5BREAKDOWN OF PRIMARY INTERVIEWS38
2.1.5.1Breakdown of primaries39
2.1.5.2Key industry insights39
2.1.5.3Key data from primary sources40
2.2MARKET SIZE ESTIMATION40
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS41
2.3FACTOR ANALYSIS41
2.3.1SUPPLY-SIDE ANALYSIS41
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) – REVENUES GENERATED BY COMPANIES FROM SALE OF UV LEDS41
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND-SIDE ANALYSIS) SHARE OF UV TECHNOLOGY IN DIFFERENT REGIONS42
2.3.2BOTTOM-UP APPROACH42
2.3.2.1Approach to derive market size using bottom-up analysis42
FIGURE 8MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH43
2.3.3TOP-DOWN APPROACH44
2.3.3.1Approach to derive market size using top-down analysis44
FIGURE 9MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH44
2.4MARKET BREAKDOWN AND DATA TRIANGULATION45
FIGURE 10DATA TRIANGULATION45
2.5RISK ASSESSMENT46
TABLE 1RISK FACTOR ANALYSIS46
2.5.1IMPACT OF RECESSION ON UV LED MARKET46
2.6RESEARCH ASSUMPTIONS AND LIMITATIONS47
2.6.1ASSUMPTIONS47
2.6.2LIMITATIONS47
3EXECUTIVE SUMMARY48
FIGURE 11UV LED MARKET, 2019–2028 (USD MILLION)48
FIGURE 12UV-C SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD49
FIGURE 13LESS THAN 1 W SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD49
FIGURE 14DISINFECTION SEGMENT TO REGISTER FASTEST GROWTH BETWEEN 2023 AND 202850
FIGURE 15COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 202351
FIGURE 16ASIA PACIFIC TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD52
4PREMIUM INSIGHTS53
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN UV LED MARKET53
FIGURE 17INCREASING DEMAND FOR UV LEDS IN DISINFECTION APPLICATION53
4.2UV LED MARKET, BY TECHNOLOGY53
4.3UV LED MARKET, BY POWER OUTPUT54
FIGURE 19LESS THAN 1 W SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2023 TO 202854
4.4UV LED MARKET, BY APPLICATION54
FIGURE 20UV CURING SEGMENT TO HOLD LARGEST MARKET SHARE IN 202354
4.5UV LED MARKET FOR DISINFECTION, BY TYPE55
FIGURE 21WATER DISINFECTION SEGMENT TO HOLD LARGEST SHARE OF UV LED MARKET FOR DISINFECTION IN 202355
4.6UV LED MARKET, BY END USER55
FIGURE 22COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 202355
4.7UV LED MARKET, BY REGION56
FIGURE 23ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD56
5MARKET OVERVIEW57
5.1INTRODUCTION57
5.2MARKET DYNAMICS57
FIGURE 24UV LED MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES57
5.2.1DRIVERS58
5.2.1.1Longer operational life of UV LEDs compared with conventional UV lamps58
TABLE 2COMPARISON BETWEEN UV, MERCURY, AND XENON LAMPS58
TABLE 3COMPARISON BETWEEN UV LED, MERCURY, AND XENON LAMPS59
5.2.1.2Growing inclination toward eco-friendly products and implementation of stringent regulations regarding use of green products60
5.2.1.3Growing concern regarding safe drinking water in emerging nations60
5.2.1.4Higher benefits of UV curing systems than traditional ones61
FIGURE 25UV LED MARKET: DRIVERS AND THEIR IMPACT61
5.2.2RESTRAINTS62
5.2.2.1Lower cost of conventional disinfectants compared with UV LEDs62
5.2.2.2High cost and lack of awareness associated with UV coatings62
FIGURE 26UV LED MARKET: RESTRAINTS AND THEIR IMPACT62
5.2.3OPPORTUNITIES63
5.2.3.1Increasing demand for ultrapure water63
5.2.3.2Expanding consumer electronics industry63
5.2.3.3Emerging applications of UV LEDs in automotive industry63
FIGURE 27UV LED MARKET: OPPORTUNITIES AND THEIR IMPACT64
5.2.4CHALLENGES64
5.2.4.1Limited applications of UV LEDs compared with traditional UV lamps64
5.2.4.2Strict standards related to UV LED technology65
FIGURE 28UV LED MARKET: CHALLENGES AND THEIR IMPACT65
5.3VALUE CHAIN ANALYSIS66
FIGURE 29UV LED MARKET: VALUE CHAIN ANALYSIS66
5.4ECOSYSTEM ANALYSIS67
TABLE 4UV LED MARKET: ECOSYSTEM ANALYSIS67
FIGURE 30UV LED MARKET: ECOSYSTEM ANALYSIS68
5.5PRICING ANALYSIS68
FIGURE 31AVERAGE SELLING PRICE (ASP), BY TECHNOLOGY69
5.5.1AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY TOP THREE PLAYERS, BY TECHNOLOGY69
FIGURE 32AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY TOP THREE PLAYERS, BY TECHNOLOGY69
TABLE 5AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY KEY PLAYERS, BY TECHNOLOGY70
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES70
FIGURE 33REVENUE SHIFT AND NEW REVENUE POCKETS FOR UV LED PROVIDERS70
5.7TECHNOLOGY ANALYSIS71
5.7.1UV LED TECHNOLOGY IN UV CURING71
5.7.1.1Stereoscopic Vision and Time of Flight (TOF)71
TABLE 6COMPARISON BETWEEN MERCURY LAMPS AND UV LED TECHNOLOGY71
5.7.2UV LIGHT TECHNOLOGY72
5.7.3MINIATURIZATION72
5.8PORTER’S FIVE FORCES ANALYSIS72
FIGURE 34UV LED MARKET: PORTER’S FIVE FORCES ANALYSIS73
FIGURE 35PORTER’S FIVE FORCES ANALYSIS73
TABLE 7UV LED MARKET: PORTER’S FIVE FORCES ANALYSIS74
5.8.1THREAT OF NEW ENTRANTS74
5.8.2THREAT OF SUBSTITUTES74
5.8.3BARGAINING POWER OF SUPPLIERS74
5.8.4BARGAINING POWER OF BUYERS75
5.8.5INTENSITY OF COMPETITIVE RIVALRY75
5.9KEY STAKEHOLDERS AND BUYING CRITERIA75
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS75
FIGURE 36INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS75
TABLE 8INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)75
5.9.2BUYING CRITERIA76
FIGURE 37KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS76
TABLE 9KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS76
5.10CASE STUDY ANALYSIS77
5.10.1UV CURING SYSTEM FOR NASAL SWABS77
TABLE 10DYMAX’S UVCS LIGHT-CURING CONVEYOR SYSTEMS HELPED INCREASE PRODUCTION OF NASAL SWABS77
5.10.2UV CURING SYSTEM FOR WPG HOLDINGS77
TABLE 11BALDWIN TECHNOLOGY HELPED IMPROVE WPG’S KOMORI LS829P WITH UV CURING77
5.10.3UV CURING SYSTEM FOR POLYJET78
TABLE 12PHOSEON TECHNOLOGY PROVIDED UV CURING TECHNOLOGY TO POLYJET TO INCREASE PRINTING ACCURACY78
5.11TRADE ANALYSIS78
TABLE 13IMPORT DATA FOR ULTRAVIOLET OR INFRA-RED LAMPS, HS CODE: 853949, BY COUNTRY, 2017–2021 (USD MILLION)79
FIGURE 38COMPLIANT PRODUCTS AND IMPORT VALUES FOR MAJOR COUNTRIES (2017–2021)79
TABLE 14EXPORT DATA FOR ULTRAVIOLET OR INFRA-RED LAMPS, HS CODE: 853949, BY COUNTRY, 2017–2021 (USD MILLION)80
FIGURE 39COMPLIANT PRODUCTS AND EXPORT VALUES FOR MAJOR COUNTRIES, 2017–202180
5.12PATENT ANALYSIS81
FIGURE 40NUMBER OF PATENTS GRANTED, 2013–202281
FIGURE 41PATENTS GRANTED, BY REGION, 2013–202282
TABLE 15UV LED MARKET: KEY PATENTS, 2020–202282
5.13KEY CONFERENCES AND EVENTS, 2023–202585
TABLE 16UV LED MARKET: CONFERENCES AND EVENTS85
5.14REGULATORY LANDSCAPE86
TABLE 17UV LED MARKET: REGULATORY LANDSCAPE87
5.14.1CODES AND STANDARDS RELATED TO UV LED87
TABLE 18UV LED: CODES AND STANDARDS87
6UV LED MARKET, BY TECHNOLOGY89
6.1INTRODUCTION90
FIGURE 42UV LED MARKET, BY TECHNOLOGY90
TABLE 19UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)91
FIGURE 43UV-C SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD91
TABLE 20UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)91
6.1.1UV-A92
6.1.1.1Rising applications in industrial and commercial sectors92
TABLE 21UV-A: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)93
TABLE 22UV-A: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)93
TABLE 23UV-A: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)94
TABLE 24UV-A: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)94
TABLE 25UV-A: UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)94
TABLE 26UV-A: UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)95
6.1.2UV-B95
6.1.2.1Higher energy levels than UV-A and safer compared to UV-C95
TABLE 27UV-B: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)96
TABLE 28UV-B: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)96
TABLE 29UV-B: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)97
TABLE 30UV-B: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)97
TABLE 31UV-B: UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)97
TABLE 32UV-B: UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)98
6.1.3UV-C98
6.1.3.1Growing demand for effective disinfection and sterilization solutions98
FIGURE 44BENEFITS ASSOCIATED WITH USING UV-C TECHNOLOGY IN DIFFERENT APPLICATIONS99
TABLE 33UV-C: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)100
TABLE 34UV-C: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)100
TABLE 35UV-C: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)101
TABLE 36UV-C: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)101
TABLE 37UV-C: UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)101
TABLE 38UV-C: UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)101
7UV LED MARKET, BY POWER OUTPUT102
7.1INTRODUCTION103
FIGURE 45UV LED MARKET, BY POWER OUTPUT103
TABLE 39UV LED MARKET, BY POWER OUTPUT, 2019–2022 (USD MILLION)104
FIGURE 46LESS THAN 1W SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD104
TABLE 40UV LED MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION)104
7.1.1LESS THAN 1 W105
7.1.1.1Widening application scope in various industries105
7.1.21–5 W105
7.1.2.1High power output while maintaining energy efficiency105
7.1.3ABOVE 5 W106
7.1.3.1Suitability for high-power applications106
8UV LED MARKET, BY APPLICATION107
8.1INTRODUCTION108
FIGURE 47UV LED MARKET, BY APPLICATION108
TABLE 41UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)109
FIGURE 48DISINFECTION SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD109
TABLE 42UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)110
8.1.1UV CURING110
TABLE 43UV CURING: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)110
TABLE 44UV CURING: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)111
TABLE 45UV CURING: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)111
FIGURE 49COATING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD111
TABLE 46UV CURING: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)112
8.1.1.1Printing112
8.1.1.1.1Higher benefits of UV printing over traditional printing112
8.1.1.2Coating113
8.1.1.2.1Increases operational life of final products113
8.1.1.3Adhesives113
8.1.1.3.1Used in assembly and manufacturing processes113
8.1.2MEDICAL AND SCIENTIFIC114
TABLE 47MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)114
TABLE 48MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)114
TABLE 49MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)115
FIGURE 50EQUIPMENT STERILIZATION SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD115
TABLE 50MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)116
8.1.2.1Phototherapy116
8.1.2.1.1Revolutionized treatment of different skin conditions116
8.1.2.2Sensing116
8.1.2.2.1Used to trace presence of chemicals or pathogens in any substances116
8.1.2.3Equipment sterilization117
8.1.2.3.1Helps prevent spread of harmful pathogens, ensures product safety, and maintains hygienic environment117
8.1.2.4Research and development117
8.1.2.4.1Widely used in drug discovery, protein analysis, and synthesis of vitamin D117
8.1.2.5Teeth brightening118
8.1.2.5.1Harnessed to accelerate whitening process118
8.1.2.6Tanning118
8.1.2.6.1Provides safer and more controlled tanning experience than traditional tanning beds118
8.1.3DISINFECTION119
TABLE 51DISINFECTION: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)119
TABLE 52DISINFECTION: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)119
TABLE 53DISINFECTION: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)120
FIGURE 51WATER DISINFECTION SEGMENT TO RECORD HIGHEST GROWTH RATE IN UV LED MARKET FOR DISINFECTION DURING FORECAST PERIOD120
TABLE 54DISINFECTION: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)120
8.1.3.1Water disinfection121
8.1.3.1.1Used to effectively destroys bacteria, viruses, and other pathogens in water by damaging DNA or RNA121
8.1.3.2Air disinfection121
8.1.3.2.1Use UV-C light in germicidal range to effectively destroy or inactivate microorganisms121
8.1.3.3Surface disinfection121
8.1.3.3.1Efficient and eco-friendly method of eliminating pathogens from different surfaces121
8.1.4SECURITY122
TABLE 55SECURITY: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)122
TABLE 56SECURITY: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)122
TABLE 57SECURITY: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)123
FIGURE 52FORENSIC SEGMENT TO RECORD HIGHER GROWTH RATE IN UV LED MARKET FOR SECURITY DURING FORECAST PERIOD123
TABLE 58SECURITY: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)123
8.1.4.1Counterfeit detection (Money and ID)124
8.1.4.1.1Enables to detect special inks on currency notes124
8.1.4.2Forensic124
8.1.4.2.1Provides enhanced examination and documentation of crime scenes and evidence124
8.1.5AGRICULTURE125
TABLE 59AGRICULTURE: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)125
TABLE 60AGRICULTURE: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)125
TABLE 61AGRICULTURE: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)126
FIGURE 53HORTICULTURE SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD126
TABLE 62AGRICULTURE: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)126
8.1.5.1Horticulture127
8.1.5.1.1Allows for year-round cultivation127
8.1.5.2Food processing127
8.1.5.2.1Used for air sterilization in processing facilities and preventing spread of airborne contaminants127
8.1.6LITHOGRAPHY127
8.1.6.1Lower cost and higher flexibility compared with other printing methods127
TABLE 63LITHOGRAPHY: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)128
TABLE 64LITHOGRAPHY: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)128
8.1.7OTHERS128
TABLE 65OTHERS: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)128
TABLE 66OTHERS: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)129
9UV LED MARKET, BY END USER130
9.1INTRODUCTION131
FIGURE 54UV LED MARKET, BY END USER131
TABLE 67UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)132
FIGURE 55COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD132
TABLE 68UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)132
9.1.1INDUSTRIAL133
9.1.1.1Increasing demand for UV technology in manufacturing sector133
TABLE 69INDUSTRIAL: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)133
TABLE 70INDUSTRIAL: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)134
9.1.2COMMERCIAL134
9.1.2.1Rising applications of UV LEDs in commercial sector134
TABLE 71COMMERCIAL: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)135
TABLE 72COMMERCIAL: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)135
9.1.3RESIDENTIAL135
9.1.3.1Growing demand for disinfection solutions135
TABLE 73RESIDENTIAL: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)136
TABLE 74RESIDENTIAL: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)136
10UV LED MARKET, BY REGION137
10.1INTRODUCTION138
FIGURE 56UV LED MARKET, BY REGION138
FIGURE 57CHINA TO REGISTER HIGHEST CAGR IN UV LED MARKET DURING FORECAST PERIOD139
FIGURE 58ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN GLOBAL UV LED MARKET DURING FORECAST PERIOD139
TABLE 75UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)140
TABLE 76UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)140
10.2NORTH AMERICA141
10.2.1NORTH AMERICA: RECESSION IMPACT141
FIGURE 59NORTH AMERICA: IMPACT OF RECESSION141
FIGURE 60NORTH AMERICA: SNAPSHOT OF UV LED MARKET142
TABLE 77NORTH AMERICA: UV LED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)142
TABLE 78NORTH AMERICA: UV LED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)143
TABLE 79NORTH AMERICA: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)143
TABLE 80NORTH AMERICA: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)143
TABLE 81NORTH AMERICA: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)144
TABLE 82NORTH AMERICA: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)144
TABLE 83NORTH AMERICA: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)145
TABLE 84NORTH AMERICA: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)145
10.2.2US145
10.2.2.1Large presence of key market players145
TABLE 85US: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)146
TABLE 86US: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)146
10.2.3CANADA146
10.2.3.1Emergence of disinfection and UV curing applications146
TABLE 87CANADA: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)147
TABLE 88CANADA: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)147
10.2.4MEXICO147
10.2.4.1Growing need for effective and safe disinfection methods147
10.3EUROPE148
10.3.1EUROPE: RECESSION IMPACT149
FIGURE 61EUROPE: IMPACT OF RECESSION149
FIGURE 62EUROPE: SNAPSHOT OF UV LED MARKET150
TABLE 89EUROPE: UV LED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)151
TABLE 90EUROPE: UV LED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)151
TABLE 91EUROPE: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)151
TABLE 92EUROPE: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)152
TABLE 93EUROPE: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)152
TABLE 94EUROPE: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)152
TABLE 95EUROPE: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)153
TABLE 96EUROPE: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)153
10.3.2UK153
10.3.2.1Rising deployment of UV disinfection equipment in commercial sector153
TABLE 97UK: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)154
TABLE 98UK: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)154
10.3.3GERMANY154
10.3.3.1Rising applications of UV LEDs in automotive industry154
TABLE 99GERMANY: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)155
TABLE 100GERMANY: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)155
10.3.4FRANCE155
10.3.4.1Presence of stringent regulations for protecting human health and environment155
TABLE 101FRANCE: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)156
TABLE 102FRANCE: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)156
10.3.5ITALY156
10.3.5.1Growing demand for UV technology with increasing health concerns156
10.3.6SPAIN157
10.3.6.1Increasing demand in disinfection, water treatment, and curing processes157
10.3.7REST OF EUROPE157
10.4ASIA PACIFIC157
10.4.1ASIA PACIFIC: RECESSION IMPACT157
FIGURE 63ASIA PACIFIC: IMPACT OF RECESSION158
FIGURE 64ASIA PACIFIC: SNAPSHOT OF UV LED MARKET159
TABLE 103ASIA PACIFIC: UV LED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)160
TABLE 104ASIA PACIFIC: UV LED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)160
TABLE 105ASIA PACIFIC: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)160
TABLE 106ASIA PACIFIC: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)161
TABLE 107ASIA PACIFIC: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)161
TABLE 108ASIA PACIFIC: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)161
TABLE 109ASIA PACIFIC: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)162
TABLE 110ASIA PACIFIC: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)162
10.4.2CHINA162
10.4.2.1Growing population and need to provide clean and safe water162
TABLE 111CHINA: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)163
TABLE 112CHINA: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)163
10.4.3JAPAN163
10.4.3.1Increasing export of UV LEDs163
TABLE 113JAPAN: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)164
TABLE 114JAPAN: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)164
10.4.4SOUTH KOREA164
10.4.4.1Growing demand for UV water disinfection equipment164
TABLE 115SOUTH KOREA: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)165
TABLE 116SOUTH KOREA: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)165
10.4.5TAIWAN165
10.4.5.1Presence of key market players165
10.4.6INDIA166
10.4.6.1Government-led promotions of UV LED technology in commercial and residential sectors166
10.4.7REST OF ASIA PACIFIC166
10.5ROW167
10.5.1ROW: RECESSION IMPACT167
FIGURE 65ROW: IMPACT OF RECESSION167
FIGURE 66ROW: SNAPSHOT OF UV LED MARKET168
TABLE 117ROW: UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)169
TABLE 118ROW: UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)169
TABLE 119ROW: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)169
TABLE 120ROW: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)169
TABLE 121ROW: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)170
TABLE 122ROW: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)170
TABLE 123ROW: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)170
TABLE 124ROW: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)171
10.5.2MIDDLE EAST & AFRICA171
10.5.2.1Growing need to recycle wastewater171
10.5.3SOUTH AMERICA171
10.5.3.1Growing demand for high-quality and energy-efficient disinfection solutions in various industries171
11COMPETITIVE LANDSCAPE172
11.1INTRODUCTION172
11.2STRATEGIES ADOPTED BY KEY PLAYERS172
TABLE 125OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS172
11.3MARKET SHARE ANALYSIS175
FIGURE 67UV LED MARKET: MARKET SHARE ANALYSIS (2022)175
TABLE 126UV LED MARKET SHARE ANALYSIS176
11.4REVENUE ANALYSIS177
FIGURE 68UV LED MARKET: REVENUE SHARE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022177
11.5COMPANY EVALUATION QUADRANT179
11.5.1STARS179
11.5.2PERVASIVE PLAYERS179
11.5.3EMERGING LEADERS179
11.5.4PARTICIPANTS179
FIGURE 69UV LED MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022180
11.6COMPETITIVE BENCHMARKING181
TABLE 127COMPANY FOOTPRINT181
TABLE 128TECHNOLOGY: COMPANY FOOTPRINT182
TABLE 129APPLICATION: COMPANY FOOTPRINT183
TABLE 130REGION: COMPANY FOOTPRINT184
11.7STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION QUADRANT185
11.7.1PROGRESSIVE COMPANIES185
11.7.2RESPONSIVE COMPANIES185
11.7.3DYNAMIC COMPANIES185
11.7.4STARTING BLOCKS185
FIGURE 70UV LED MARKET: EVALUATION QUADRANT FOR STARTUPS/SMES, 2022186
TABLE 131UV LED MARKET: LIST OF KEY STARTUPS/SMES187
TABLE 132UV LED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES188
11.8COMPETITIVE SCENARIO AND TRENDS188
11.8.1PRODUCT LAUNCHES188
TABLE 133UV LED MARKET: PRODUCT LAUNCHES, JANUARY 2018–MARCH 2023189
11.8.2DEALS193
TABLE 134UV LED MARKET: DEALS, JANUARY 2018–NOVEMBER 2022193
12COMPANY PROFILES197
(Business overview, Products offered, Recent Developments, MNM view)*
12.1KEY PLAYERS197
12.1.1SIGNIFY HOLDING197
TABLE 135SIGNIFY HOLDING: COMPANY OVERVIEW197
FIGURE 71SIGNIFY HOLDING: COMPANY SNAPSHOT198
TABLE 136SIGNIFY HOLDING: PRODUCTS OFFERED199
TABLE 137SIGNIFY HOLDING: PRODUCT LAUNCHES199
TABLE 138SIGNIFY HOLDING: DEALS200
12.1.2NORDSON CORPORATION202
TABLE 139NORDSON CORPORATION: COMPANY OVERVIEW202
FIGURE 72NORDSON CORPORATION: COMPANY SNAPSHOT203
TABLE 140NORDSON CORPORATION: PRODUCTS OFFERED204
TABLE 141NORDSON CORPORATION: DEALS204
12.1.3SEOUL VIOSYS206
TABLE 142SEOUL VIOSYS: COMPANY OVERVIEW206
FIGURE 73SEOUL VIOSYS: COMPANY SNAPSHOT207
TABLE 143SEOUL VIOSYS: PRODUCTS OFFERED208
TABLE 144SEOUL VIOSYS: PRODUCT LAUNCHES208
TABLE 145SEOUL VIOSYS: DEALS209
12.1.4HÖNLE GROUP211
TABLE 146HÖNLE GROUP: COMPANY OVERVIEW211
FIGURE 74HÖNLE GROUP: COMPANY SNAPSHOT212
TABLE 147HÖNLE GROUP: PRODUCTS OFFERED213
TABLE 148HÖNLE GROUP: PRODUCT LAUNCHES214
TABLE 149HÖNLE GROUP: DEALS215
12.1.5AMS-OSRAM AG217
TABLE 150AMS-OSRAM AG: COMPANY OVERVIEW217
FIGURE 75AMS-OSRAM AG: COMPANY SNAPSHOT218
TABLE 151AMS-OSRAM AG: PRODUCTS OFFERED219
TABLE 152AMS-OSRAM AG: PRODUCT LAUNCHES219
TABLE 153AMS-OSRAM AG: DEALS220
12.1.6SEMILEDS CORPORATION222
TABLE 154SEMILEDS CORPORATION: COMPANY OVERVIEW222
FIGURE 76SEMILEDS CORPORATION: COMPANY SNAPSHOT223
TABLE 155SEMILEDS CORPORATION: PRODUCTS OFFERED224
TABLE 156SEMILEDS CORPORATION: DEALS224
12.1.7CRYSTAL IS225
TABLE 157CRYSTAL IS: COMPANY SNAPSHOT225
TABLE 158CRYSTAL IS: PRODUCTS OFFERED226
TABLE 159CRYSTAL IS: PRODUCT LAUNCHES226
TABLE 160CRYSTAL IS: DEALS227
12.1.8DOWA HOLDINGS CO., LTD.228
TABLE 161DOWA HOLDINGS CO., LTD.: COMPANY OVERVIEW228
FIGURE 77DOWA HOLDINGS CO., LTD.: COMPANY SNAPSHOT229
TABLE 162DOWA HOLDING CO., LTD.: PRODUCTS OFFERED229
TABLE 163DOWA HOLDING CO., LTD.: PRODUCT LAUNCHES230
12.1.9NICHIA CORPORATION231
TABLE 164NICHIA CORPORATION: COMPANY SNAPSHOT231
TABLE 165NICHIA CORPORATION: PRODUCTS OFFERED231
TABLE 166NICHIA CORPORATION: PRODUCT LAUNCHES232
12.1.10NIKKISO CO., LTD.233
TABLE 167NIKKISO CO., LTD.: COMPANY OVERVIEW233
FIGURE 78NIKKISO CO., LTD.: COMPANY SNAPSHOT234
TABLE 168NIKKISO CO., LTD.: PRODUCTS OFFERED235
12.2OTHER PLAYERS236
12.2.1HERAEUS HOLDING236
12.2.2PHOSEON TECHNOLOGY237
12.2.3HALMA PLC238
12.2.4LUMILEDS HOLDING B.V.239
12.2.5HOYA CORP.240
12.2.6EXCELITAS TECHNOLOGIES CORP.241
12.2.7ADVANCED OPTOELECTRONIC TECHNOLOGY, INC.242
12.2.8LUMINUS, INC.243
12.2.9NITRIDE SEMICONDUCTOR CO., LTD.244
12.2.10EPILEDS TECHNOLOGIES, INC.245
12.2.11LITE-ON TECHNOLOGY CORP.246
12.2.12BOLB INC.247
12.2.13PRIMELITE GMBH248
12.2.14LUMEX INC.249
12.2.15BIVAR250
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13APPENDIX251
13.1INSIGHTS FROM INDUSTRY EXPERTS251
13.2DISCUSSION GUIDE252
13.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL255
13.4CUSTOMIZATION OPTIONS257
13.5RELATED REPORTS257
13.6AUTHOR DETAILS258
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), Hönle 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.
1INTRODUCTION29
1.1STUDY OBJECTIVES29
1.2MARKET DEFINITION29
1.3INCLUSIONS AND EXCLUSIONS30
1.4STUDY SCOPE30
1.4.1MARKETS COVERED30
FIGURE 1UV LED MARKET: SEGMENTATION30
1.4.2REGIONAL SCOPE31
FIGURE 2UV LED MARKET: REGIONAL SCOPE31
1.4.3YEARS CONSIDERED31
1.5CURRENCY CONSIDERED32
1.6LIMITATIONS32
1.7STAKEHOLDERS32
1.8SUMMARY OF CHANGES32
1.8.1RECESSION IMPACT33
2RESEARCH METHODOLOGY34
2.1RESEARCH DATA34
FIGURE 3UV LED MARKET: RESEARCH DESIGN34
2.1.1SECONDARY AND PRIMARY RESEARCH35
FIGURE 4RESEARCH APPROACH36
2.1.2SECONDARY DATA36
2.1.2.1List of key secondary sources37
2.1.2.2Key data from secondary sources37
2.1.3PRIMARY DATA38
2.1.4MAJOR PRIMARY INTERVIEW PARTICIPANTS38
2.1.5BREAKDOWN OF PRIMARY INTERVIEWS38
2.1.5.1Breakdown of primaries39
2.1.5.2Key industry insights39
2.1.5.3Key data from primary sources40
2.2MARKET SIZE ESTIMATION40
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS41
2.3FACTOR ANALYSIS41
2.3.1SUPPLY-SIDE ANALYSIS41
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) – REVENUES GENERATED BY COMPANIES FROM SALE OF UV LEDS41
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND-SIDE ANALYSIS) SHARE OF UV TECHNOLOGY IN DIFFERENT REGIONS42
2.3.2BOTTOM-UP APPROACH42
2.3.2.1Approach to derive market size using bottom-up analysis42
FIGURE 8MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH43
2.3.3TOP-DOWN APPROACH44
2.3.3.1Approach to derive market size using top-down analysis44
FIGURE 9MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH44
2.4MARKET BREAKDOWN AND DATA TRIANGULATION45
FIGURE 10DATA TRIANGULATION45
2.5RISK ASSESSMENT46
TABLE 1RISK FACTOR ANALYSIS46
2.5.1IMPACT OF RECESSION ON UV LED MARKET46
2.6RESEARCH ASSUMPTIONS AND LIMITATIONS47
2.6.1ASSUMPTIONS47
2.6.2LIMITATIONS47
3EXECUTIVE SUMMARY48
FIGURE 11UV LED MARKET, 2019–2028 (USD MILLION)48
FIGURE 12UV-C SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD49
FIGURE 13LESS THAN 1 W SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD49
FIGURE 14DISINFECTION SEGMENT TO REGISTER FASTEST GROWTH BETWEEN 2023 AND 202850
FIGURE 15COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 202351
FIGURE 16ASIA PACIFIC TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD52
4PREMIUM INSIGHTS53
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN UV LED MARKET53
FIGURE 17INCREASING DEMAND FOR UV LEDS IN DISINFECTION APPLICATION53
4.2UV LED MARKET, BY TECHNOLOGY53
4.3UV LED MARKET, BY POWER OUTPUT54
FIGURE 19LESS THAN 1 W SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2023 TO 202854
4.4UV LED MARKET, BY APPLICATION54
FIGURE 20UV CURING SEGMENT TO HOLD LARGEST MARKET SHARE IN 202354
4.5UV LED MARKET FOR DISINFECTION, BY TYPE55
FIGURE 21WATER DISINFECTION SEGMENT TO HOLD LARGEST SHARE OF UV LED MARKET FOR DISINFECTION IN 202355
4.6UV LED MARKET, BY END USER55
FIGURE 22COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 202355
4.7UV LED MARKET, BY REGION56
FIGURE 23ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD56
5MARKET OVERVIEW57
5.1INTRODUCTION57
5.2MARKET DYNAMICS57
FIGURE 24UV LED MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES57
5.2.1DRIVERS58
5.2.1.1Longer operational life of UV LEDs compared with conventional UV lamps58
TABLE 2COMPARISON BETWEEN UV, MERCURY, AND XENON LAMPS58
TABLE 3COMPARISON BETWEEN UV LED, MERCURY, AND XENON LAMPS59
5.2.1.2Growing inclination toward eco-friendly products and implementation of stringent regulations regarding use of green products60
5.2.1.3Growing concern regarding safe drinking water in emerging nations60
5.2.1.4Higher benefits of UV curing systems than traditional ones61
FIGURE 25UV LED MARKET: DRIVERS AND THEIR IMPACT61
5.2.2RESTRAINTS62
5.2.2.1Lower cost of conventional disinfectants compared with UV LEDs62
5.2.2.2High cost and lack of awareness associated with UV coatings62
FIGURE 26UV LED MARKET: RESTRAINTS AND THEIR IMPACT62
5.2.3OPPORTUNITIES63
5.2.3.1Increasing demand for ultrapure water63
5.2.3.2Expanding consumer electronics industry63
5.2.3.3Emerging applications of UV LEDs in automotive industry63
FIGURE 27UV LED MARKET: OPPORTUNITIES AND THEIR IMPACT64
5.2.4CHALLENGES64
5.2.4.1Limited applications of UV LEDs compared with traditional UV lamps64
5.2.4.2Strict standards related to UV LED technology65
FIGURE 28UV LED MARKET: CHALLENGES AND THEIR IMPACT65
5.3VALUE CHAIN ANALYSIS66
FIGURE 29UV LED MARKET: VALUE CHAIN ANALYSIS66
5.4ECOSYSTEM ANALYSIS67
TABLE 4UV LED MARKET: ECOSYSTEM ANALYSIS67
FIGURE 30UV LED MARKET: ECOSYSTEM ANALYSIS68
5.5PRICING ANALYSIS68
FIGURE 31AVERAGE SELLING PRICE (ASP), BY TECHNOLOGY69
5.5.1AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY TOP THREE PLAYERS, BY TECHNOLOGY69
FIGURE 32AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY TOP THREE PLAYERS, BY TECHNOLOGY69
TABLE 5AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY KEY PLAYERS, BY TECHNOLOGY70
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES70
FIGURE 33REVENUE SHIFT AND NEW REVENUE POCKETS FOR UV LED PROVIDERS70
5.7TECHNOLOGY ANALYSIS71
5.7.1UV LED TECHNOLOGY IN UV CURING71
5.7.1.1Stereoscopic Vision and Time of Flight (TOF)71
TABLE 6COMPARISON BETWEEN MERCURY LAMPS AND UV LED TECHNOLOGY71
5.7.2UV LIGHT TECHNOLOGY72
5.7.3MINIATURIZATION72
5.8PORTER’S FIVE FORCES ANALYSIS72
FIGURE 34UV LED MARKET: PORTER’S FIVE FORCES ANALYSIS73
FIGURE 35PORTER’S FIVE FORCES ANALYSIS73
TABLE 7UV LED MARKET: PORTER’S FIVE FORCES ANALYSIS74
5.8.1THREAT OF NEW ENTRANTS74
5.8.2THREAT OF SUBSTITUTES74
5.8.3BARGAINING POWER OF SUPPLIERS74
5.8.4BARGAINING POWER OF BUYERS75
5.8.5INTENSITY OF COMPETITIVE RIVALRY75
5.9KEY STAKEHOLDERS AND BUYING CRITERIA75
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS75
FIGURE 36INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS75
TABLE 8INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)75
5.9.2BUYING CRITERIA76
FIGURE 37KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS76
TABLE 9KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS76
5.10CASE STUDY ANALYSIS77
5.10.1UV CURING SYSTEM FOR NASAL SWABS77
TABLE 10DYMAX’S UVCS LIGHT-CURING CONVEYOR SYSTEMS HELPED INCREASE PRODUCTION OF NASAL SWABS77
5.10.2UV CURING SYSTEM FOR WPG HOLDINGS77
TABLE 11BALDWIN TECHNOLOGY HELPED IMPROVE WPG’S KOMORI LS829P WITH UV CURING77
5.10.3UV CURING SYSTEM FOR POLYJET78
TABLE 12PHOSEON TECHNOLOGY PROVIDED UV CURING TECHNOLOGY TO POLYJET TO INCREASE PRINTING ACCURACY78
5.11TRADE ANALYSIS78
TABLE 13IMPORT DATA FOR ULTRAVIOLET OR INFRA-RED LAMPS, HS CODE: 853949, BY COUNTRY, 2017–2021 (USD MILLION)79
FIGURE 38COMPLIANT PRODUCTS AND IMPORT VALUES FOR MAJOR COUNTRIES (2017–2021)79
TABLE 14EXPORT DATA FOR ULTRAVIOLET OR INFRA-RED LAMPS, HS CODE: 853949, BY COUNTRY, 2017–2021 (USD MILLION)80
FIGURE 39COMPLIANT PRODUCTS AND EXPORT VALUES FOR MAJOR COUNTRIES, 2017–202180
5.12PATENT ANALYSIS81
FIGURE 40NUMBER OF PATENTS GRANTED, 2013–202281
FIGURE 41PATENTS GRANTED, BY REGION, 2013–202282
TABLE 15UV LED MARKET: KEY PATENTS, 2020–202282
5.13KEY CONFERENCES AND EVENTS, 2023–202585
TABLE 16UV LED MARKET: CONFERENCES AND EVENTS85
5.14REGULATORY LANDSCAPE86
TABLE 17UV LED MARKET: REGULATORY LANDSCAPE87
5.14.1CODES AND STANDARDS RELATED TO UV LED87
TABLE 18UV LED: CODES AND STANDARDS87
6UV LED MARKET, BY TECHNOLOGY89
6.1INTRODUCTION90
FIGURE 42UV LED MARKET, BY TECHNOLOGY90
TABLE 19UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)91
FIGURE 43UV-C SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD91
TABLE 20UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)91
6.1.1UV-A92
6.1.1.1Rising applications in industrial and commercial sectors92
TABLE 21UV-A: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)93
TABLE 22UV-A: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)93
TABLE 23UV-A: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)94
TABLE 24UV-A: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)94
TABLE 25UV-A: UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)94
TABLE 26UV-A: UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)95
6.1.2UV-B95
6.1.2.1Higher energy levels than UV-A and safer compared to UV-C95
TABLE 27UV-B: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)96
TABLE 28UV-B: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)96
TABLE 29UV-B: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)97
TABLE 30UV-B: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)97
TABLE 31UV-B: UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)97
TABLE 32UV-B: UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)98
6.1.3UV-C98
6.1.3.1Growing demand for effective disinfection and sterilization solutions98
FIGURE 44BENEFITS ASSOCIATED WITH USING UV-C TECHNOLOGY IN DIFFERENT APPLICATIONS99
TABLE 33UV-C: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)100
TABLE 34UV-C: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)100
TABLE 35UV-C: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)101
TABLE 36UV-C: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)101
TABLE 37UV-C: UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)101
TABLE 38UV-C: UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)101
7UV LED MARKET, BY POWER OUTPUT102
7.1INTRODUCTION103
FIGURE 45UV LED MARKET, BY POWER OUTPUT103
TABLE 39UV LED MARKET, BY POWER OUTPUT, 2019–2022 (USD MILLION)104
FIGURE 46LESS THAN 1W SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD104
TABLE 40UV LED MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION)104
7.1.1LESS THAN 1 W105
7.1.1.1Widening application scope in various industries105
7.1.21–5 W105
7.1.2.1High power output while maintaining energy efficiency105
7.1.3ABOVE 5 W106
7.1.3.1Suitability for high-power applications106
8UV LED MARKET, BY APPLICATION107
8.1INTRODUCTION108
FIGURE 47UV LED MARKET, BY APPLICATION108
TABLE 41UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)109
FIGURE 48DISINFECTION SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD109
TABLE 42UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)110
8.1.1UV CURING110
TABLE 43UV CURING: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)110
TABLE 44UV CURING: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)111
TABLE 45UV CURING: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)111
FIGURE 49COATING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD111
TABLE 46UV CURING: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)112
8.1.1.1Printing112
8.1.1.1.1Higher benefits of UV printing over traditional printing112
8.1.1.2Coating113
8.1.1.2.1Increases operational life of final products113
8.1.1.3Adhesives113
8.1.1.3.1Used in assembly and manufacturing processes113
8.1.2MEDICAL AND SCIENTIFIC114
TABLE 47MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)114
TABLE 48MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)114
TABLE 49MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)115
FIGURE 50EQUIPMENT STERILIZATION SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD115
TABLE 50MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)116
8.1.2.1Phototherapy116
8.1.2.1.1Revolutionized treatment of different skin conditions116
8.1.2.2Sensing116
8.1.2.2.1Used to trace presence of chemicals or pathogens in any substances116
8.1.2.3Equipment sterilization117
8.1.2.3.1Helps prevent spread of harmful pathogens, ensures product safety, and maintains hygienic environment117
8.1.2.4Research and development117
8.1.2.4.1Widely used in drug discovery, protein analysis, and synthesis of vitamin D117
8.1.2.5Teeth brightening118
8.1.2.5.1Harnessed to accelerate whitening process118
8.1.2.6Tanning118
8.1.2.6.1Provides safer and more controlled tanning experience than traditional tanning beds118
8.1.3DISINFECTION119
TABLE 51DISINFECTION: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)119
TABLE 52DISINFECTION: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)119
TABLE 53DISINFECTION: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)120
FIGURE 51WATER DISINFECTION SEGMENT TO RECORD HIGHEST GROWTH RATE IN UV LED MARKET FOR DISINFECTION DURING FORECAST PERIOD120
TABLE 54DISINFECTION: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)120
8.1.3.1Water disinfection121
8.1.3.1.1Used to effectively destroys bacteria, viruses, and other pathogens in water by damaging DNA or RNA121
8.1.3.2Air disinfection121
8.1.3.2.1Use UV-C light in germicidal range to effectively destroy or inactivate microorganisms121
8.1.3.3Surface disinfection121
8.1.3.3.1Efficient and eco-friendly method of eliminating pathogens from different surfaces121
8.1.4SECURITY122
TABLE 55SECURITY: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)122
TABLE 56SECURITY: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)122
TABLE 57SECURITY: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)123
FIGURE 52FORENSIC SEGMENT TO RECORD HIGHER GROWTH RATE IN UV LED MARKET FOR SECURITY DURING FORECAST PERIOD123
TABLE 58SECURITY: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)123
8.1.4.1Counterfeit detection (Money and ID)124
8.1.4.1.1Enables to detect special inks on currency notes124
8.1.4.2Forensic124
8.1.4.2.1Provides enhanced examination and documentation of crime scenes and evidence124
8.1.5AGRICULTURE125
TABLE 59AGRICULTURE: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)125
TABLE 60AGRICULTURE: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)125
TABLE 61AGRICULTURE: UV LED MARKET, BY TYPE, 2019–2022 (USD MILLION)126
FIGURE 53HORTICULTURE SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD126
TABLE 62AGRICULTURE: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)126
8.1.5.1Horticulture127
8.1.5.1.1Allows for year-round cultivation127
8.1.5.2Food processing127
8.1.5.2.1Used for air sterilization in processing facilities and preventing spread of airborne contaminants127
8.1.6LITHOGRAPHY127
8.1.6.1Lower cost and higher flexibility compared with other printing methods127
TABLE 63LITHOGRAPHY: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)128
TABLE 64LITHOGRAPHY: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)128
8.1.7OTHERS128
TABLE 65OTHERS: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)128
TABLE 66OTHERS: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)129
9UV LED MARKET, BY END USER130
9.1INTRODUCTION131
FIGURE 54UV LED MARKET, BY END USER131
TABLE 67UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)132
FIGURE 55COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD132
TABLE 68UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)132
9.1.1INDUSTRIAL133
9.1.1.1Increasing demand for UV technology in manufacturing sector133
TABLE 69INDUSTRIAL: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)133
TABLE 70INDUSTRIAL: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)134
9.1.2COMMERCIAL134
9.1.2.1Rising applications of UV LEDs in commercial sector134
TABLE 71COMMERCIAL: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)135
TABLE 72COMMERCIAL: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)135
9.1.3RESIDENTIAL135
9.1.3.1Growing demand for disinfection solutions135
TABLE 73RESIDENTIAL: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)136
TABLE 74RESIDENTIAL: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)136
10UV LED MARKET, BY REGION137
10.1INTRODUCTION138
FIGURE 56UV LED MARKET, BY REGION138
FIGURE 57CHINA TO REGISTER HIGHEST CAGR IN UV LED MARKET DURING FORECAST PERIOD139
FIGURE 58ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN GLOBAL UV LED MARKET DURING FORECAST PERIOD139
TABLE 75UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)140
TABLE 76UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)140
10.2NORTH AMERICA141
10.2.1NORTH AMERICA: RECESSION IMPACT141
FIGURE 59NORTH AMERICA: IMPACT OF RECESSION141
FIGURE 60NORTH AMERICA: SNAPSHOT OF UV LED MARKET142
TABLE 77NORTH AMERICA: UV LED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)142
TABLE 78NORTH AMERICA: UV LED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)143
TABLE 79NORTH AMERICA: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)143
TABLE 80NORTH AMERICA: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)143
TABLE 81NORTH AMERICA: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)144
TABLE 82NORTH AMERICA: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)144
TABLE 83NORTH AMERICA: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)145
TABLE 84NORTH AMERICA: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)145
10.2.2US145
10.2.2.1Large presence of key market players145
TABLE 85US: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)146
TABLE 86US: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)146
10.2.3CANADA146
10.2.3.1Emergence of disinfection and UV curing applications146
TABLE 87CANADA: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)147
TABLE 88CANADA: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)147
10.2.4MEXICO147
10.2.4.1Growing need for effective and safe disinfection methods147
10.3EUROPE148
10.3.1EUROPE: RECESSION IMPACT149
FIGURE 61EUROPE: IMPACT OF RECESSION149
FIGURE 62EUROPE: SNAPSHOT OF UV LED MARKET150
TABLE 89EUROPE: UV LED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)151
TABLE 90EUROPE: UV LED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)151
TABLE 91EUROPE: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)151
TABLE 92EUROPE: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)152
TABLE 93EUROPE: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)152
TABLE 94EUROPE: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)152
TABLE 95EUROPE: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)153
TABLE 96EUROPE: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)153
10.3.2UK153
10.3.2.1Rising deployment of UV disinfection equipment in commercial sector153
TABLE 97UK: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)154
TABLE 98UK: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)154
10.3.3GERMANY154
10.3.3.1Rising applications of UV LEDs in automotive industry154
TABLE 99GERMANY: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)155
TABLE 100GERMANY: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)155
10.3.4FRANCE155
10.3.4.1Presence of stringent regulations for protecting human health and environment155
TABLE 101FRANCE: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)156
TABLE 102FRANCE: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)156
10.3.5ITALY156
10.3.5.1Growing demand for UV technology with increasing health concerns156
10.3.6SPAIN157
10.3.6.1Increasing demand in disinfection, water treatment, and curing processes157
10.3.7REST OF EUROPE157
10.4ASIA PACIFIC157
10.4.1ASIA PACIFIC: RECESSION IMPACT157
FIGURE 63ASIA PACIFIC: IMPACT OF RECESSION158
FIGURE 64ASIA PACIFIC: SNAPSHOT OF UV LED MARKET159
TABLE 103ASIA PACIFIC: UV LED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)160
TABLE 104ASIA PACIFIC: UV LED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)160
TABLE 105ASIA PACIFIC: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)160
TABLE 106ASIA PACIFIC: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)161
TABLE 107ASIA PACIFIC: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)161
TABLE 108ASIA PACIFIC: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)161
TABLE 109ASIA PACIFIC: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)162
TABLE 110ASIA PACIFIC: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)162
10.4.2CHINA162
10.4.2.1Growing population and need to provide clean and safe water162
TABLE 111CHINA: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)163
TABLE 112CHINA: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)163
10.4.3JAPAN163
10.4.3.1Increasing export of UV LEDs163
TABLE 113JAPAN: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)164
TABLE 114JAPAN: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)164
10.4.4SOUTH KOREA164
10.4.4.1Growing demand for UV water disinfection equipment164
TABLE 115SOUTH KOREA: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)165
TABLE 116SOUTH KOREA: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)165
10.4.5TAIWAN165
10.4.5.1Presence of key market players165
10.4.6INDIA166
10.4.6.1Government-led promotions of UV LED technology in commercial and residential sectors166
10.4.7REST OF ASIA PACIFIC166
10.5ROW167
10.5.1ROW: RECESSION IMPACT167
FIGURE 65ROW: IMPACT OF RECESSION167
FIGURE 66ROW: SNAPSHOT OF UV LED MARKET168
TABLE 117ROW: UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)169
TABLE 118ROW: UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)169
TABLE 119ROW: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)169
TABLE 120ROW: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)169
TABLE 121ROW: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)170
TABLE 122ROW: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)170
TABLE 123ROW: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)170
TABLE 124ROW: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)171
10.5.2MIDDLE EAST & AFRICA171
10.5.2.1Growing need to recycle wastewater171
10.5.3SOUTH AMERICA171
10.5.3.1Growing demand for high-quality and energy-efficient disinfection solutions in various industries171
11COMPETITIVE LANDSCAPE172
11.1INTRODUCTION172
11.2STRATEGIES ADOPTED BY KEY PLAYERS172
TABLE 125OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS172
11.3MARKET SHARE ANALYSIS175
FIGURE 67UV LED MARKET: MARKET SHARE ANALYSIS (2022)175
TABLE 126UV LED MARKET SHARE ANALYSIS176
11.4REVENUE ANALYSIS177
FIGURE 68UV LED MARKET: REVENUE SHARE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022177
11.5COMPANY EVALUATION QUADRANT179
11.5.1STARS179
11.5.2PERVASIVE PLAYERS179
11.5.3EMERGING LEADERS179
11.5.4PARTICIPANTS179
FIGURE 69UV LED MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022180
11.6COMPETITIVE BENCHMARKING181
TABLE 127COMPANY FOOTPRINT181
TABLE 128TECHNOLOGY: COMPANY FOOTPRINT182
TABLE 129APPLICATION: COMPANY FOOTPRINT183
TABLE 130REGION: COMPANY FOOTPRINT184
11.7STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION QUADRANT185
11.7.1PROGRESSIVE COMPANIES185
11.7.2RESPONSIVE COMPANIES185
11.7.3DYNAMIC COMPANIES185
11.7.4STARTING BLOCKS185
FIGURE 70UV LED MARKET: EVALUATION QUADRANT FOR STARTUPS/SMES, 2022186
TABLE 131UV LED MARKET: LIST OF KEY STARTUPS/SMES187
TABLE 132UV LED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES188
11.8COMPETITIVE SCENARIO AND TRENDS188
11.8.1PRODUCT LAUNCHES188
TABLE 133UV LED MARKET: PRODUCT LAUNCHES, JANUARY 2018–MARCH 2023189
11.8.2DEALS193
TABLE 134UV LED MARKET: DEALS, JANUARY 2018–NOVEMBER 2022193
12COMPANY PROFILES197
(Business overview, Products offered, Recent Developments, MNM view)*
12.1KEY PLAYERS197
12.1.1SIGNIFY HOLDING197
TABLE 135SIGNIFY HOLDING: COMPANY OVERVIEW197
FIGURE 71SIGNIFY HOLDING: COMPANY SNAPSHOT198
TABLE 136SIGNIFY HOLDING: PRODUCTS OFFERED199
TABLE 137SIGNIFY HOLDING: PRODUCT LAUNCHES199
TABLE 138SIGNIFY HOLDING: DEALS200
12.1.2NORDSON CORPORATION202
TABLE 139NORDSON CORPORATION: COMPANY OVERVIEW202
FIGURE 72NORDSON CORPORATION: COMPANY SNAPSHOT203
TABLE 140NORDSON CORPORATION: PRODUCTS OFFERED204
TABLE 141NORDSON CORPORATION: DEALS204
12.1.3SEOUL VIOSYS206
TABLE 142SEOUL VIOSYS: COMPANY OVERVIEW206
FIGURE 73SEOUL VIOSYS: COMPANY SNAPSHOT207
TABLE 143SEOUL VIOSYS: PRODUCTS OFFERED208
TABLE 144SEOUL VIOSYS: PRODUCT LAUNCHES208
TABLE 145SEOUL VIOSYS: DEALS209
12.1.4HÖNLE GROUP211
TABLE 146HÖNLE GROUP: COMPANY OVERVIEW211
FIGURE 74HÖNLE GROUP: COMPANY SNAPSHOT212
TABLE 147HÖNLE GROUP: PRODUCTS OFFERED213
TABLE 148HÖNLE GROUP: PRODUCT LAUNCHES214
TABLE 149HÖNLE GROUP: DEALS215
12.1.5AMS-OSRAM AG217
TABLE 150AMS-OSRAM AG: COMPANY OVERVIEW217
FIGURE 75AMS-OSRAM AG: COMPANY SNAPSHOT218
TABLE 151AMS-OSRAM AG: PRODUCTS OFFERED219
TABLE 152AMS-OSRAM AG: PRODUCT LAUNCHES219
TABLE 153AMS-OSRAM AG: DEALS220
12.1.6SEMILEDS CORPORATION222
TABLE 154SEMILEDS CORPORATION: COMPANY OVERVIEW222
FIGURE 76SEMILEDS CORPORATION: COMPANY SNAPSHOT223
TABLE 155SEMILEDS CORPORATION: PRODUCTS OFFERED224
TABLE 156SEMILEDS CORPORATION: DEALS224
12.1.7CRYSTAL IS225
TABLE 157CRYSTAL IS: COMPANY SNAPSHOT225
TABLE 158CRYSTAL IS: PRODUCTS OFFERED226
TABLE 159CRYSTAL IS: PRODUCT LAUNCHES226
TABLE 160CRYSTAL IS: DEALS227
12.1.8DOWA HOLDINGS CO., LTD.228
TABLE 161DOWA HOLDINGS CO., LTD.: COMPANY OVERVIEW228
FIGURE 77DOWA HOLDINGS CO., LTD.: COMPANY SNAPSHOT229
TABLE 162DOWA HOLDING CO., LTD.: PRODUCTS OFFERED229
TABLE 163DOWA HOLDING CO., LTD.: PRODUCT LAUNCHES230
12.1.9NICHIA CORPORATION231
TABLE 164NICHIA CORPORATION: COMPANY SNAPSHOT231
TABLE 165NICHIA CORPORATION: PRODUCTS OFFERED231
TABLE 166NICHIA CORPORATION: PRODUCT LAUNCHES232
12.1.10NIKKISO CO., LTD.233
TABLE 167NIKKISO CO., LTD.: COMPANY OVERVIEW233
FIGURE 78NIKKISO CO., LTD.: COMPANY SNAPSHOT234
TABLE 168NIKKISO CO., LTD.: PRODUCTS OFFERED235
12.2OTHER PLAYERS236
12.2.1HERAEUS HOLDING236
12.2.2PHOSEON TECHNOLOGY237
12.2.3HALMA PLC238
12.2.4LUMILEDS HOLDING B.V.239
12.2.5HOYA CORP.240
12.2.6EXCELITAS TECHNOLOGIES CORP.241
12.2.7ADVANCED OPTOELECTRONIC TECHNOLOGY, INC.242
12.2.8LUMINUS, INC.243
12.2.9NITRIDE SEMICONDUCTOR CO., LTD.244
12.2.10EPILEDS TECHNOLOGIES, INC.245
12.2.11LITE-ON TECHNOLOGY CORP.246
12.2.12BOLB INC.247
12.2.13PRIMELITE GMBH248
12.2.14LUMEX INC.249
12.2.15BIVAR250
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13APPENDIX251
13.1INSIGHTS FROM INDUSTRY EXPERTS251
13.2DISCUSSION GUIDE252
13.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL255
13.4CUSTOMIZATION OPTIONS257
13.5RELATED REPORTS257
13.6AUTHOR DETAILS258
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