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UV LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 145 pages | ID: U1036F0C0B6CEN
IMARC Group

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The global UV LED market size reached US$ 674.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,768.3 Million by 2028, exhibiting a growth rate (CAGR) of 16.1% during 2023-2028.

Ultraviolet (UV) light-emitting diodes (LEDs) are solid-state devices that produce light when an electrical current flows from the positive side to the negative side of the circuit. These diodes are environment friendly as they consume less energy and do not contain harmful mercury and produce ozone. They are widely used in industrial curing of printing, coatings, and adhesives and for biological inactivation, molecular detection, and advanced imaging. At present, improvements in their flux density, stability, and life hours have made UV LEDs a viable solution for replacing conventional UV light sources, such as mercury arc lamps, grid lamps, and hot and cold cathode lamps.

UV LED Market Trends:
With the growing prevalence of coronavirus disease (COVID-19), there is a significant rise in the need for novel disinfection technologies for the surface inactivation of the virus. This represents one of the key factors driving the demand for UV LEDs across the globe. Moreover, technological advances in the manufacturing of solid-state UV devices and the escalating demand for environment-friendly methods of producing optoelectronics are contributing to the market growth. Apart from this, the rising adoption of LED technology for UV curing commercial and industrial materials, such as inks, is positively influencing the use of UV LEDs due to their increased efficiency and low cost of ownership. Furthermore, the emerging trend of miniaturization in consumer electronics is propelling the utilization of UV LEDs around the world. Besides this, the expanding application of UV LEDs, such as deoxyribonucleic acid (DNA) analysis and germicidal for air, surface, and water purification, is anticipated to create lucrative growth opportunities for manufacturers and drive the market in the coming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global UV LED market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, material, application and industry vertical.

Breakup by Type:

UV-A
UV-B
UV-C

Breakup by Material:

Silicon Carbide (SiC)
Gallium Nitride (GaN)
Sapphire
Others

Breakup by Application:

Curing
Disinfection/Purification
Indoor Gardening
Counterfeit Detection
Others

Breakup by Industry Vertical:

Healthcare and Medical
Agriculture
Residential
Industrial
Commercial

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, Dr. Hцnle AG, FUJIFILM Corporation, Heraeus Holding GmbH, Koninklijke Philips N.V., Lumileds Holding B.V., Nichia Corporation, Nordson Corporation, Osram Licht AG (ams AG), Phoseon Technology, SemiLEDs Corporation and Seoul Semiconductor Co. Ltd.

Key Questions Answered in This Report

1. What was the size of the global UV LED market in 2022?
2. What is the expected growth rate of the global UV LED market during 2023-2028?
3. What are the key factors driving the global UV LED market?
4. What has been the impact of COVID-19 on the global UV LED market?
5. What is the breakup of the global UV LED market based on the type?
6. What is the breakup of the global UV LED market based on the application?
7. What is the breakup of the global UV LED market based on industry vertical?
8. What are the key regions in the global UV LED market?
9. Who are the key players/companies in the global UV LED market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL UV LED MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 UV-A
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 UV-B
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 UV-C
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY MATERIAL

7.1 Silicon Carbide (SiC)
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Gallium Nitride (GaN)
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Sapphire
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Curing
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Disinfection/Purification
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Indoor Gardening
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Counterfeit Detection
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY INDUSTRY VERTICAL

9.1 Healthcare and Medical
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Agriculture
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Residential
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Industrial
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Commercial
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Asahi Kasei Corporation
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Dr. Hцnle AG
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
  15.3.3 FUJIFILM Corporation
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Heraeus Holding GmbH
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 SWOT Analysis
  15.3.5 Koninklijke Philips N.V.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Lumileds Holding B.V.
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 Nichia Corporation
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Nordson Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Osram Licht AG (ams AG)
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
    15.3.9.3 Financials
  15.3.10 Phoseon Technology
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 SWOT Analysis
  15.3.11 SemiLEDs Corporation
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Seoul Semiconductor Co. Ltd.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials

LIST OF TABLES

Table 1: Global: UV LED Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: UV LED Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: UV LED Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 4: Global: UV LED Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: UV LED Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 6: Global: UV LED Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: UV LED Market: Competitive Structure
Table 8: Global: UV LED Market: Key Players


LIST OF FIGURES

Figure 1: Global: UV LED Market: Major Drivers and Challenges
Figure 2: Global: UV LED Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: UV LED Market: Breakup by Type (in %), 2022
Figure 5: Global: UV LED Market: Breakup by Material (in %), 2022
Figure 6: Global: UV LED Market: Breakup by Application (in %), 2022
Figure 7: Global: UV LED Market: Breakup by Industry Vertical (in %), 2022
Figure 8: Global: UV LED Market: Breakup by Region (in %), 2022
Figure 9: Global: UV LED (UV-A) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: UV LED (UV-A) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: UV LED (UV-B) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: UV LED (UV-B) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: UV LED (UV-C) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: UV LED (UV-C) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: UV LED (Silicon Carbide -SiC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: UV LED (Silicon Carbide -SiC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: UV LED (Gallium Nitride -GaN) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: UV LED (Gallium Nitride -GaN) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: UV LED (Sapphire) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: UV LED (Sapphire) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: UV LED (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: UV LED (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: UV LED (Curing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: UV LED (Curing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: UV LED (Disinfection/Purification) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: UV LED (Disinfection/Purification) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: UV LED (Indoor Gardening) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: UV LED (Indoor Gardening) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: UV LED (Counterfeit Detection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: UV LED (Counterfeit Detection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: UV LED (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: UV LED (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: UV LED (Healthcare and Medical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: UV LED (Healthcare and Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: UV LED (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: UV LED (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: UV LED (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: UV LED (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: UV LED (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: UV LED (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: UV LED (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: UV LED (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: North America: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: North America: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United States: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United States: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Canada: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Canada: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia-Pacific: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia-Pacific: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: China: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: China: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Japan: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Japan: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: India: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: India: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: South Korea: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: South Korea: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Australia: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Australia: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Indonesia: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Indonesia: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Europe: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Europe: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Germany: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Germany: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: France: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: France: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: United Kingdom: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: United Kingdom: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Italy: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Italy: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Spain: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Spain: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Russia: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Russia: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Latin America: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Latin America: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Brazil: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Brazil: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Mexico: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Mexico: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Middle East and Africa: UV LED Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Middle East and Africa: UV LED Market: Breakup by Country (in %), 2022
Figure 91: Middle East and Africa: UV LED Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Global: UV LED Industry: SWOT Analysis
Figure 93: Global: UV LED Industry: Value Chain Analysis
Figure 94: Global: UV LED Industry: Porter's Five Forces Analysis


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