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UV LED Market Analysis

  • Report ID: GMI5113
  • Published Date: Aug 2022
  • Report Format: PDF

UV LED Market Analysis

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.

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.

U.S. UV LED Market By Application

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.

Asia Pacific UV LED Market Share By Region 

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.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of UV LED crossed USD 400 million in 2021 and is set to expand at over 20% CAGR through 2030 owing to growing product demand in disinfection and sterilization applications.

The demand for UV LED from UV curing is estimated to grow at approximately 20% CAGR over 2022-2030 on account of the adoption of UV LEDs in coating, packaging, and assembly applications.

The European UV LED industry will grow at a CAGR of above 15% till 2030 due to the growing demand for UV curing systems in the region.

The UV-C LED segment size is poised to be valued at more than USD 700 million by the end of 2030 attributed to their durability and environmental capabilities.

Some of the major players include Seoul Viosys Co., Ltd., Signify NV, Nikkiso Co., Ltd., Nichia Corporation, DOWA HOLDINGS CO., LTD., NITRIDE SEMICONDUCTORS Co., Ltd., LITE-ON Technology, Inc., ams-OSRAM International GmbH, Crystal IS, Inc., and Epitop Optoelectronic co., LTD.

UV LED Market Scope

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 20
  • Tables & Figures: 455
  • Countries covered: 16
  • Pages: 310
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