UV LED Market Size, Share, Scope | Industry Trends 2022-2027

  According to the latest report by IMARC Group, titled “UV LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global UV LED market share. 

The global UV LED market size reached a value of US$ 572.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,531.70 Million by 2027, exhibiting a CAGR of 16.50% during 2022-2027.

What is UV LED?

Ultraviolet (UV) light-emitting diodes (LEDs) are solid-state electronics that emit light when an electrical current passes from the positive to the negative side of the circuit. These diodes are eco-friendly as they consume less energy and do not contain harmful mercury and generate ozone. They are widely used for molecular detection, biological inactivation, high-resolution imaging and industrial curing of printers, coatings, and adhesives. As a result, UV LEDs are gaining immense traction as a viable alternative to traditional UV light sources, such as mercury arc lamps, grid lamps, and hot and cold cathode lamps, due to the improvements in their flux density, stability, and life hours.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

UV LED Market Trends and Drivers:

The global UV LED market is primarily driven by the rising need for novel disinfection technologies for the surface inactivation of the virus amid the recent coronavirus disease (COVID-19) outbreak. Moreover, the surging adoption of LED technology for UV-curing commercial and industrial materials, such as inks, is another major growth-inducing factor. 

Additionally, the escalating demand for environment-friendly techniques to produce optoelectronics and continual technological advancements in producing solid-state UV devices are positively influencing the market growth. Furthermore, the emerging trend of miniaturization in consumer electronics is propelling market growth. 

Besides this, the rising applications of UV LEDs, such as deoxyribonucleic acid (DNA) analysis and germicidal for purifying surfaces, air, and water, are contributing to market growth. Other factors, including the increasing product applications in forensics and sterilization, favorable government policies, rising energy consumption, and rapid digitization, are also anticipated to drive the market further.

UV LED Market Report Scope
Report Coverage	Details
Market size value in 2021	US$ 572.3 Million
Market forecast in 2027	US$ 1,531.70 Million
Growth Rate	CAGR of 16.50% from 2022 to 2027
Base year for estimation	2021
Historical data	2016-2021
Forecast period	2022-2027

Global UV LED Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Who are the key players/companies in the global UV LED market?

Asahi Kasei Corporation, Dr. Hönle 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.

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The report has segmented the market on the basis of region, 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

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2016-2021)

• Market Outlook (2022- 2027)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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