UV LED Market Size By Type (UV-A, UV-B, UV-C), By Power Output (Below 1W, 1W-5W, 5W-10W, 10W and Above), By Application (UV Curing, Disinfection & Sterilization, Medical Light Therapy, Optical Sensing And Instrumentation, Counterfeit Detection, Others), Application Development Potential, COVID-19 Impact Analysis, Price Trend, Regional Outlook, Competitive Market Share & Forecast, 2022 – 2030.

Industry Drivers

Global UV LED Market size valued at USD 400 million in 2021 and is expected to grow at over 20% CAGR from 2022 to 2030. Rising demand for UV LED in air and water purifiers is likely to drive the industry growth.
 

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Ultraviolet Light Emitting Diode (UV LED) is a device is a technology that transforms electrical energy into ultraviolet light, which finds usage in a variety of applications, such as disinfection, sterilization, forensics, indoor gardening, purification, and medicine phototherapy. Rising consumer preference for these products in curing systems will spur the industry growth.
 

Government initiatives for implementing green curing technology, mainly in developed countries viz., the U.S. and Europe, will have a significant impact on the UV LED market demand. Rapid digitization and growing energy consumption will also positively affect product sales. In addition, the ability of Ultravoilet LEDs to kill harmful germs and viruses and growing interest in safety and security will accelerate the adoption of these LEDs in smart home appliances in developing nations.
 

Furthermore, companies are focusing on product innovation and strategic alliances to strengthen their presence over the forthcoming years. Additionally, the expanding healthcare sector will benefit companies in terms of revenue generation.
 

Technical issues associated with UV LEDs may restrain industry progression

Notable thermal complications in UV LEDs, wherein only half of the total energy is converted to UV light while the rest is converted to heat, will hinder the expansion of the UV LED market. Moreover, the short lifecycle of these LEDs reduces the device's proficiency and efficiency, thereby impeding product outlook.
 

However, continuous developments in UV LED devices and collective efforts by various companies will foster product uptake in smart home appliances in developing countries, creating considerable growing opportunities for UV LED manufacturers.
 

Mounting demand for UV-C LED to push the business growth

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In terms of type, the UV LED market is segregated into UV-A, UV-B, and UV-C. The UV-C LED segment is anticipated to reach a valuation of over USD 700 million by 2030. The demand for UV-C LED will witness massive growth during the estimated period attributed to its numerous advantages, including flexible design, durability, environment friendly, easy operations, and so on.
 

UV LED devices with 5W to 10W power output to gain traction

In terms of power output, the UV LED market is classified into below 1W, 1W-5W, 5W-10W, and 10W & above. The 5W- 10W power output sector will record around USD 190 million in revenue by 2030. The these power output UV LED devices will experience prominent demand due to their utilization in machine vision, 3D printing, automotive projection, fiber-coupled illumination, etc. These UV LED devices offer various advantages, such as low heat consumption, eco-friendly, faster switching than conventional UV lamps, and high durability, which will increase product espousal.
 

Rising demand in UV curing to define the industry landscape

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Based on application, the UV LED market is bifurcated into medical light therapy, UV curing, disinfection & sterilization, optical sensing and instrumentalization, counterfeit detection, and others. The UV curing segment is set to attain more than 20% gains through 2030 owing to increased demand in consumer electronics, semiconductor electronics, and automotive electronics & components.
 

Europe to emerge as a prominent revenue pocket

The Europe UV LED market will progress at a growth rate of nearly 15% between 2022 and 2030 as a result of escalating requirement for industrial curing systems in the region. UV LEDs are majorly adopted in curing systems as they offer high sensitivity in several industrial applications, such as coating, printing, adhesion, and others. Asia Pacific will also emerge as a key revenue hub propelled by booming acceptance of UV LED-based curing systems in the manufacturing and automotive sectors.
 

Effective growth strategies to strengthen the UV LED industry

Major players in the UV LED market include Seoul Viosys Co., Ltd., Nikkiso Co., Ltd., Nichia Corporation, Signify NV, DOWA HOLDINGS CO., LTD., LITE-ON Technology, Inc., NITRIDE SEMICONDUCTORS Co., Ltd., Crystal IS, Inc., ams-OSRAM International GmbH, and Epitop Optoelectronic co., LTD. Firms mainly focus on strategic collaborations and deploying novel products.
 

For instance, in June 2022, Soeul Viosys Co., Ltd. supplied its latest technology of Violeds to UK-based Typhon Treatment Systems Ltd. This technology, which uses UV LED to protect against contaminants and bacteria, is energy-efficient and will help reduce costs compared to existing UV lamps used in treatment plants.
 

Impact of COVID-19 on the UV LED market trends

The coronavirus pandemic had a positive impact on the industry due to surging number of COVID-19 cases. As UV LED aids in disinfection and sterilization, many countries accepted this technology to curb the spread of the illness.  Consequently, increasing awareness regarding the benefits of these devices, particularly for air, water, and surface purification, has elevated product uptake.
 

This market research report on UV LED includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million and shipments in Million Units from 2018 to 2030 for the following segments:

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• Market, By Type
  • UV-A
  • UV-B
  • UV-C

• Market, By Power Output
  • Below 1W
  • 1W - 5W
  • 5W-10 W
  • Above 10W
• Market, By Application
  • UV curing
  • Medical light therapy
  • Disinfection & sterilization
  • Counterfeit detection
  • Optical sensing & instrumentation
  • Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • GCC
  • South Africa