UV LED Market By Type (Ultraviolet A (UV-A), Ultraviolet B (UV-B) & Ultraviolet C (UV-C)), By Wavelength Range (430nm-315 nm (UV-A), 315nm-280 nm (UV-B) & 280nm-100 nm (UV-C)), By Material (Indium gallium nitride (InGaN), Aluminium gallium indium phosphide (AlGaInP), Aluminium gallium arsenide (AlGaAs), Gallium phosphide (GaP), Silicon Carbide (SiC), Gallium Nitride (GaN) & Others), By Applications (UV Curing, Adhesive Coating, Lacquer Coating, Sterilization, Forensic Application, In-Line Coating, Counterfeit Detection, Sensing & Others), By End-Use Industries (Healthcare, Research, Industrial, Residential, BFSI, Security & Others), By Geography- Global Opportunity Analysis & Industry Forecast, 2021-2026

Report Code: ESR 42418 Report Format: PDF + Excel

UV LED Market Overview

The Market for UV LED is forecast to reach $1.2 billion by 2026, growing at a CAGR of 20.3% from 2021 to 2026. The UV LED Market is estimated to witness a sustainable growth over the forecast period majorly because of the environment friendly features for use in various applications. Rise in Environmental concerns is one of the major driving factors of UV LED Market in global level. Moreover, with the ongoing governmental regulations in global market for deploying energy-efficient lightings such as LED lightings, which tend to create a major impact in the rapid adoption of UV LEDs. 

Ultraviolet light occurs between the visible and x-ray spectrums. The Ultraviolet wavelength range is specified between 100 nm to 400 nm which categorizes UV LEDs into three different types. However, many photoelectric manufacturers also consider wavelengths as high as 430 nm to be in the UV range. The replacement of CCFL with LEDs made of Silicon Carbide, Gallium Nitride and other materials will drive the demand in UV Curing and medical phototherapy applications.

UV LED Market Report Coverage

The report: “UV LED Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the UV LED Market.

By Type – Ultraviolet A (UV-A), Ultraviolet B (UV-B) and Ultraviolet C (UV-C).
By Wavelength Range – 430nm-315 nm (UV-A), 315nm-280 nm (UV-B) and 280nm-100 nm (UV-C).
By Material Indium gallium nitride (InGaN), Aluminium gallium indium phosphide (AlGaInP), Aluminium gallium arsenide (AlGaAs), Gallium phosphide (GaP), Silicon Carbide (SiC), Gallium Nitride (GaN) and Others.
By Applications – UV Curing, Adhesive Coating, Lacquer Coating, Sterilization, Forensic Application, In-Line Coating, Counterfeit Detection, Sensing and Others.
By End-Use Industries – Healthcare, Research, Industrial, Residential, BFSI, Security and Others.
By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands and Others), APAC(China, Japan India, SK, Australia, Indonesia and Others), South America(Brazil, Argentina, Chile, Colombia and others), and RoW (Middle East and Africa).

Key Takeaways

  • The UV LED Market is estimated to witness a sustainable growth over the forecast period because of the rising environmental concerns for adopting eco-friendly lighting systems at various industries. 
  • The other factor responsible for the growth of UV LED Market are the various environmental friendly features it offers to the sterilization industry and different disinfection processes such as of water, air and different surfaces.
  • In addition, increasing safety concerns over water-borne diseases have brought an increase in people's awareness of consuming treated water. The growing awareness of the benefits of treated water consumption has impacted the applications UV LED that tend to propel its market growth.
  • The scope for a UV LED is becoming abundant in sterilization applications, as it is being proved to be one of the cheapest way to provide safe drinking water across the globe. This safety benefits are expected to enhance the demand of UV LEDs in global market further uplifting its market growth. 

UV LED Market, By Type, 2020

UV LED Market

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UV LED Market Segment Analysis - By Type

Ultraviolet C (UV-C) has dominated the UV LED Market with a share of 46.5% in 2020. In general, UV-C LEDs have wavelength range of 275 nm (280-100 nm) and they are available in different power levels and styles. Offering different operations in various industries, UV-C is available in different light sources such as single, chip-on-board and strip module of different specifications. Longer strip lengths with higher outputs is one of the widely used type. LED's have been increasingly used in applications where UV lamps (mercury, xenon, amalgam, excimer) have operated for decades. Improvements in UV-LED flux density, stability and life hours have made UV LEDs a viable solution for replacing traditional UV light sources such as mercury arc lamps, arch lamps, hot and cold cathode lamps and grid lamps. UV LEDs are more environment friendly as they do not contain harmful mercury, they do not produce ozone and consume less energy as well. These major advantages uplift the demand of UV LEDs, particularly using Silicon Carbide and Gallium Nitride materials which is expected to propel its market growth in forecast period. UV-C LED usage is rapidly growing in applications such as germicidal (UVGI) for air, surface and water purification.

UV LED Market Segment Analysis - By End Use Industry

UV LEDs are widely used for different Healthcare and Sterilization applications and are projected to grow at a CAGR of 23.4%. UV LED Curing uses light-emitting diodes which convert electrical current into light. When the electrical current flows through an LED, it gives off ultraviolet radiation. The ultraviolet light causes chemical reactions in the molecules within the liquid, forming chains of polymers until the liquid becomes a solid. This process is a new technology which was designed to provide solutions to many of the issues found in traditional UV curing and heat-set drying. UV LED curing offers all the benefits of traditional curing, and also provides solutions to the negative environmental impact. This new technology reduces heat radiation and offers instant on-and-off switching. UV LED curing also does not require the use of moving parts which further reduces the amount of energy required. All these advantages tend to boost its demand in Healthcare and Purification industries which uplift its market growth.

UV LED Market Segment Analysis - By Geography

Asia-Pacific accounts for being the highest market at 34.6% in 2020. The market growth in this region is predominantly rising due to leading economies such as China, India, Japan and Others. As Asia-Pacific region holds the largest population and is covered by largest ocean, the demand for freshwater has been high at different industrial as well as residential sectors. Thus, the demand for water sterilization and purification processes is of great extent. This demand enhances the market growth of UV LED in this region. According to World Bank Reports, investments done in water and sanitation in Asia-Pacific region is highest and has been increasing rapidly from $50M to $910M in recent years. These tend to propel the market growth of UV LEDs using Silicon Carbide and Gallium Nitride materials in forecast period as freshwater demand will always be high. Asia-Pacific is closely followed by North America in the UV LED Market growth due to presence of major market players in this region which provides technology upgrades in UV LEDs.

UV LED Market Drivers

Rise in Environmental concerns drives market growth

With the rising Environmental concerns at global level, the adoption of UV LEDS for various applications in different industries tend to drive its market growth. LED's have been increasingly used in applications where UV lamps (mercury, xenon, amalgam, excimer) have operated for decades. Improvements in UV-LED flux density, stability and life hours have made UV LEDs a viable solution for replacing traditional UV light sources such as mercury arc lamps, arch lamps, hot and cold cathode lamps and grid lamps. With the rising Environmental concerns, the adoption of UV LEDs came into play. UV LEDs are more environment friendly as they do not contain harmful mercury, they do not produce ozone and consume less energy as well. These major advantages uplift the demand of UV LEDs which is expected to propel its market growth in forecast period. UV-C LEDs is rapidly growing in applications such as germicidal (UVGI) for air, surface and water purification. UV LED curing provides solutions to the negative environmental impact as it offers improved flux density, stability and long-life hours which makes UV LEDs a viable solution for replacing traditional UV light sources such as mercury arc lamps, arch lamps, hot and cold cathode lamps and grid lamps which drives its market growth in the forecast period.

UV LEDs offers compactness and long durability

UV LEDs do not contain toxic mercury and are often found in CCFL technology. They are much smaller and more durable than CCFLs and are more resistant to vibration and impact, resulting in less product breakage and reduced waste and maintenance expense as well. These advantages tend to drive its market growth in forecast period. The overall heat generated by the UV LEDs is considerably low. The UV LED lamps based on Silicon Carbide and Gallium Nitride materials reaches a maximum of 40 degree Celsius, whereas mercury lamps heat up to more than 60 degree Celsius. Low-pressure germicidal lamps which are traditionally used in these applications are typically associated with lifetime claims of 8000 to 10,000 hours. As a solid-state device, UV-C LEDs can be cycled on/off tens of thousands of times with little or no observable difference or degradation in performance. UV-C LEDs also offer a near-instant capability to provide full rated output, requiring no warmup time which makes it available for 25,000 to 100,000 hours. These advantages tend to drive its market growth in global market.

UV LED Market Challenges

High Installation Cost

One of the major challenges faced by UV LED Market globally is the high installation cost. UV LEDs are comparatively costlier than other alternatives. This tend to restrain its demand of UV LEDs thus bringing major challenge in its market growth. Several other challenges have been expected to hinder the market growth by hampering the adoption of UV LEDs using Silicon Carbide and Gallium Nitride materials, specifically for those in the UV-B (280nm – 315nm) and UV-C (100nm-280nm) spectral regions. LED manufacturers are struggling to improve the light output and efficiency while at the same time increases the reliability and useable life of the LED. Improvements are being made, but this has brought an exponential rise in the overall cost of these UV LEDs. This brings a major challenge in the market growth of UV LEDs in forecast period.

UV LED Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the UV LED Market. The UV LED Market is dominated by major companies such as Lumileds Holding BV, Nordson Corporation, Seoul Viosys Co.Ltd., Honle UV America Inc., LG Innotek Co. Ltd, Halma Plc, Heraeus Holding Gmbh, Hnle Group, OSRAM, Koninklijke Philips N.V., Crystal IS, Sensor Electronic Technology, Phoseon Technology.

Acquisitions/Technology Launches/Partnerships

  • In January 2021, Sensor Electronic Technology (SETi) and Seoul Viosys, the leading global providers of UV LED technology and subsidiaries of Seoul Semiconductor, partnered together to launch their new Violeds technology that can quickly and effectively kill 99.437% of SARS-CoV-2 in less than one second. The testing was conducted in December 2020 through KR Biotech, a South Korea-based research institute specializing in sterilization testing of the new coronavirus.
  • In January 2021, OSRAM launched their new portable UV-C air purifier that fight against viruses and bacteria in this pandemic situation of Covid-19. The invisible, ultraviolet light destroys viruses and bacteria with a reliability of 99.9 percent.

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1. UV LED Market Overview
    1.1 Definitions and Scope
2. UV LED Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By End Use Industry
    2.3 Key trends segmented by Geography
3. UV LED Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. UV LED Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. UV LED Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. UV LED Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. UV LED Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. UV LED Market – By Type (Market Size -$Million/Billion)
    8.1 UV-A
    8.2 UV-B
    8.3 UV-C
9. UV LED Market – By Wavelength Range (Market Size -$Million/Billion)
    9.1 430-315nm
    9.2 315-280nm
    9.3 280-100nm
10. UV LED Market – By Materials (Market Size -$Million/Billion)
    10.1 SiC
    10.2 InGaN
    10.3 AlGaInP
    10.4 AlGaAs
    10.5 GaP
    10.6 GaN
    10.7 Others
11. UV LED Market – By Application (Market Size -$Million/Billion)
    11.1 UV Curing
    11.2 Adhesive Coating
    11.3 Sterilization
    11.4 Lacquer Coating
    11.5 Forensic Application
    11.6 In Line Coating
    11.7 Counterfeit Detection
    11.8 Sensing
    11.9 Others
12. UV LED Market – By End Use Industry (Market Size -$Million/Billion)
    12.1 Healthcare
    12.2 Research
    12.3 Industrial
    12.4 Residential
    12.5 BFSI
    12.6 Security
    12.7 Others
13. UV LED Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 U.S
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 Germany
        13.2.2 France
        13.2.3 UK
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Russia
        13.2.7 Netherlands
        13.2.8 Others
    13.3 APAC
        13.3.1 China
        13.3.2 Japan
        13.3.3 South Korea
        13.3.4 India
        13.3.5 Australia
        13.3.6 Indonesia
        13.3.7 Malaysia
        13.3.8 Others
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Chile
        13.4.4 Colombia
        13.4.5 Others
    13.5 RoW
        13.5.1 Middle East
        13.5.2 Africa
14. UV LED Market - Market Entropy
    14.1 New product launches
    14.2 M&A's, collaborations, JVs and partnerships
15. UV LED Market – Industry Competitive Landscape (Premium)
    15.1 Market Share – Global
    15.2 Market Share by Region
    15.3 Market Share By Type
16. UV LED Market – Key Company List by Country Premium (Premium)
17. UV LED Market - Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10

LIST OF TABLES

1.Global Market, By Technology Market 2019-2024 ($M)
1.1 Uva Market 2019-2024 ($M) - Global Industry Research
1.2 Uvb Market 2019-2024 ($M) - Global Industry Research
1.3 Uvc Market 2019-2024 ($M) - Global Industry Research
2.Global Market, By Technology Market 2019-2024 (Volume/Units)
2.1 Uva Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Uvb Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Uvc Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Market, By Technology Market 2019-2024 ($M)
3.1 Uva Market 2019-2024 ($M) - Regional Industry Research
3.2 Uvb Market 2019-2024 ($M) - Regional Industry Research
3.3 Uvc Market 2019-2024 ($M) - Regional Industry Research
4.South America Market, By Technology Market 2019-2024 ($M)
4.1 Uva Market 2019-2024 ($M) - Regional Industry Research
4.2 Uvb Market 2019-2024 ($M) - Regional Industry Research
4.3 Uvc Market 2019-2024 ($M) - Regional Industry Research
5.Europe Market, By Technology Market 2019-2024 ($M)
5.1 Uva Market 2019-2024 ($M) - Regional Industry Research
5.2 Uvb Market 2019-2024 ($M) - Regional Industry Research
5.3 Uvc Market 2019-2024 ($M) - Regional Industry Research
6.APAC Market, By Technology Market 2019-2024 ($M)
6.1 Uva Market 2019-2024 ($M) - Regional Industry Research
6.2 Uvb Market 2019-2024 ($M) - Regional Industry Research
6.3 Uvc Market 2019-2024 ($M) - Regional Industry Research
7.MENA Market, By Technology Market 2019-2024 ($M)
7.1 Uva Market 2019-2024 ($M) - Regional Industry Research
7.2 Uvb Market 2019-2024 ($M) - Regional Industry Research
7.3 Uvc Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US UV LED Market Revenue, 2019-2024 ($M)
2.Canada UV LED Market Revenue, 2019-2024 ($M)
3.Mexico UV LED Market Revenue, 2019-2024 ($M)
4.Brazil UV LED Market Revenue, 2019-2024 ($M)
5.Argentina UV LED Market Revenue, 2019-2024 ($M)
6.Peru UV LED Market Revenue, 2019-2024 ($M)
7.Colombia UV LED Market Revenue, 2019-2024 ($M)
8.Chile UV LED Market Revenue, 2019-2024 ($M)
9.Rest of South America UV LED Market Revenue, 2019-2024 ($M)
10.UK UV LED Market Revenue, 2019-2024 ($M)
11.Germany UV LED Market Revenue, 2019-2024 ($M)
12.France UV LED Market Revenue, 2019-2024 ($M)
13.Italy UV LED Market Revenue, 2019-2024 ($M)
14.Spain UV LED Market Revenue, 2019-2024 ($M)
15.Rest of Europe UV LED Market Revenue, 2019-2024 ($M)
16.China UV LED Market Revenue, 2019-2024 ($M)
17.India UV LED Market Revenue, 2019-2024 ($M)
18.Japan UV LED Market Revenue, 2019-2024 ($M)
19.South Korea UV LED Market Revenue, 2019-2024 ($M)
20.South Africa UV LED Market Revenue, 2019-2024 ($M)
21.North America UV LED By Application
22.South America UV LED By Application
23.Europe UV LED By Application
24.APAC UV LED By Application
25.MENA UV LED By Application
26.Lg Electronics Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Koninklijke Philip N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Hnle Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Nordson Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Semileds Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Halma Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Nichia Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Seoul Viosys Co., Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Crystal Is, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Heraeus Holding Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Sensor Electronic Technology, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)