UV LED Market

UV LED Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (UV-A, UV-B, UV-C), Power Output (Below 1 W, 1 W-5 W, above 5 W), Application (UV Curing, Medical Scientific, Disinfection, Agriculture), End Use (Residential, Commercial, Industrial) and Region – Global Forecast to 2028

Report Code: SE 3724 May, 2023, by marketsandmarkets.com

Updated on : June 22, 2023

[258 Pages Report] The global UV LED market size is projected to grow from USD 1.2 billion in 2023 to USD 2.8 billion by 2028, registering a CAGR of 19.7% during the forecast period. The UV LED market has witnessed significant growth due to several drivers. UV LEDs are highly energy-efficient compared to traditional UV light sources, resulting in reduced energy costs and maintenance requirements. UV LEDs offer energy efficiency, environmental friendliness, and compactness, making them appealing for various industries. The increasing range of applications has also contributed to the market's expansion. Industries such as healthcare, pharmaceuticals, electronics, automotive, and printing have adopted UV LED technology for curing, disinfection, sterilization, printing, counterfeit detection, and water purification. As a result, the demand for UV LEDs has surged across these sectors. Additionally, increased awareness of the benefits of UV technology has boosted demand. Overall, these factors have propelled the UV LED industry  expansion, making it a promising industry for the future.

UV LED Market

UV LED Market

UV LED Market Statistics Forecast to 2028

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UV LED Market Dynamics :

Driver : Longer product lifetime of UV LED as compared to conventional UV lamp

UV LED offer a significantly longer lifespan compared to conventional UV lamps. While conventional UV lamps typically last between 1,000 to 3,000 hours, UV LED lamps can last for tens of thousands of hours, depending on the operating conditions and quality of the LED. This translates into significant cost savings for end-users, as they can reduce their lamp replacement frequency and maintenance costs. Furthermore, the longer lifespan of UV LED lamps also results in reduced waste and environmental impact. Conventional UV lamps contain mercury, which is toxic and requires special handling and disposal procedures. As a result, the disposal of conventional UV lamps can be expensive and environmentally hazardous. UV LED lamps, on the other hand, do not contain mercury and have a much longer lifespan, reducing the need for frequent lamp replacement and disposal.

UV LED technology has emerged as a promising alternative to conventional mercury lamps in various applications due to its many advantages. One of the key advantages of UV LED lamps is energy efficiency. Compared to conventional mercury lamps, UV LED lamps consume significantly less energy, resulting in lower operating costs and reduced environmental impact. This is especially important in applications such as UV curing, where high energy consumption can lead to significant costs. Another advantage of UV LED lamps is their longer lifespan. Unlike conventional mercury lamps requiring frequent replacement, UV LED lamps can last for thousands of hours. This reduces maintenance costs and downtime, which is critical in industrial applications where production schedules are tight. UV LED lamps also offer instant on/off capability, which can significantly improve production efficiency. Conventional mercury lamps require a warm-up period and cooling down time, adding to cycle times and reducing throughput. As the technology continues to improve, the lifespan of UV LED lamps is expected to increase even further, making them an even more attractive alternative for various UV-related applications.

Restraint: UV lights are more expensive than conventional disinfectants

Traditionally, chlorine has been used to disinfect wastewater. Despite its health and environmental hazards, chlorine is still used in developing countries because of its low cost. To operate a chlorine disinfection plant, you need a chemical feed pump, a solution tank, and a holding tank. Compared to UV disinfection systems, chlorination systems have a much lower cost (10-15% less). Since chlorination systems are less expensive to install, they are preferred for small-scale applications, such as residential water treatment. Due to its lower cost, this substitute is attracting more end-user industries. Due to the superior advantages of UV disinfection systems, the impact of this restraint is currently moderate and is expected to subside during the forecast period.

Opportunity : Advent of UV LED application in the automotive industry

The automotive industry presents a significant opportunity for UV LED technology. UV LED technology is increasingly used for curing automotive parts' coatings, such as wheels, bumpers, and door handles. UV LED technology for curing coatings applications offers several advantages over conventional curing methods, such as reduced curing times, improved efficiency, and reduced energy consumption. UV LED technology can also be used for curing adhesives and sealants used in automotive manufacturing. UV LED technology for curing adhesives and sealants can improve the overall quality of the bond, reduce curing times, and reduce energy consumption. In addition to curing coatings and adhesives, UV LED technology can also be used for interior and exterior lighting applications in automobiles. UV LED interior and exterior lighting technology offers several advantages over traditional lighting methods, such as reduced energy consumption, longer life, and improved durability.

Furthermore, the use of UV LED technology can also improve the safety of automobiles. UV LED technology can disinfect vehicles' interior, reducing the risk of transmitting germs and viruses. UV LED technology can also be used for detecting and identifying counterfeit parts and components in automobiles, improving the safety and reliability of the vehicle.

Challenge: Limited application of UV LED technology compared to traditional UV lamps

One of the challenges facing UV LED technology is its performance limitations in specific applications. While UV LED technology offers several advantages over traditional UV lamps, it may not be as effective in some applications, limiting its adoption. For example, some applications require high levels of UV irradiance, which may be difficult to achieve with UV LED technology. Traditional UV lamps can provide high levels of UV irradiance, making them more effective for these applications. Additionally, UV LED technology may not be as effective for certain types of disinfection, such as water disinfection, where traditional UV lamps are commonly used. Another factor that affects the effectiveness of UV LED technology is the wavelength of the UV light. UV LED products are typically available in a limited range of wavelengths, which may not be suitable for all applications. In contrast, traditional UV lamps can provide a broader range of wavelengths, making them more versatile for different applications.

Despite these limitations, UV LED technology is rapidly advancing, and manufacturers are working to overcome these challenges. For example, researchers are exploring new materials and designs to increase the irradiance and effectiveness of UV LED products. Additionally, nanotechnology and materials science advancements may enable the development of UV LED products with a wider range of wavelengths.

UV LED Market Ecosystem

The UV LED market ecosystem consists of various entities and components contributing to the development, production, distribution, and utilization of UV LED technologies. Dominant companies in this market include Signify (Netherlands), Nordson Corporation (US), Seoul Viosys (South Korea), Hönle Group (Germany), ams-OSRAM AG (Austria), SemiLEDs (Taiwan), Crystal IS (US), Dowa Holdings Co., Ltd. (Japan), Nichia Corporation (Japan), and Nikkiso Co., Ltd. (Japan).

UV LED Market by Ecosystem

UV LED Market by Ecosystem

By technology, the UV-C is expected to grow at the highest CAGR of the UV LED market during the forecast period

UV-C, the ultraviolet wavelength range between 100 and 280 nm, is expected to witness remarkable growth in the UV LED market, projected at the highest growth rate (CAGR). This growth is primarily driven by the increasing demand for efficient and environmentally friendly disinfection solutions. The global emphasis on hygiene, particularly in the healthcare, hospitality, and public spaces sectors, has fueled the demand for UV-C LED-based solutions. These LEDs offer several advantages, including shorter disinfection times, reduced chemical usage, and no harmful byproducts.

Furthermore, advancements in UV-C LED technology have improved their efficiency, lifespan, and affordability. Manufacturers are investing in research and development to enhance the performance of UV-C LEDs, making them more accessible and practical for a wide range of applications. As a result, the UV-C segment is expected to witness substantial growth, offering significant opportunities for UV LED manufacturers, component suppliers, and system integrators. The increasing awareness of the importance of disinfection and the advantages of UV-C LEDs are expected to contribute to the high CAGR in the UV-C LED market.

By end user, the residential segment is expected to record the highest growth rate during the forecast period

The residential end user segment in the UV LED market share is anticipated to experience significant growth, projected at the highest growth rate (CAGR). This growth can be attributed to various factors driving the adoption of UV LED-based solutions in residential applications. Firstly, there is an increasing emphasis on indoor air quality and sanitation in residential spaces. UV LEDs effectively disinfect air and water by inactivating bacteria, viruses, and other microorganisms, thereby reducing the risk of airborne diseases and waterborne contaminants. As homeowners prioritize healthier living environments, the demand for UV LED-based disinfection systems in residential settings is expected to rise. UV LEDs offer a chemical-free and efficient method for disinfection, making them attractive for residential applications. From sanitizing personal belongings and high-touch surfaces to purifying water and air, UV LED solutions provide a convenient and effective means of maintaining a clean and safe home environment.

Additionally, advancements in UV LED technology have resulted in more compact, energy-efficient, and affordable products. These factors make UV LED solutions increasingly accessible to residential consumers, driving the market growth. Furthermore, the growing availability and variety of UV LED-based products, such as portable sterilization devices, water purifiers, and HVAC systems with UV disinfection capabilities, cater to the specific needs of residential users. The convenience and effectiveness of these solutions are expected to fuel the demand for UV LED technology in residential settings.

By application, the disinfection segment is expected to grow at a higher rate during the forecast period

The disinfection application of UV LED is anticipated to experience substantial growth, projected at the highest growth rate within the UV LED Industry . This growth can be attributed to several factors driving the demand for UV LED-based disinfection solutions. Firstly, there is a growing emphasis on maintaining clean and hygienic environments across various industries, including healthcare, hospitality, transportation, and manufacturing. UV LEDs offer an effective and environmentally friendly method for disinfection, as they can inactivate a wide range of pathogens, including bacteria, viruses, and fungi. Their ability to quickly and efficiently disinfect surfaces, air, and water has driven the demand for UV LED-based disinfection systems across different sectors. Moreover, UV LEDs provide advantages such as shorter disinfection times, reduced chemical usage, and the absence of harmful byproducts compared to traditional disinfection methods. These benefits have accelerated the adoption of UV LED technology in disinfection applications. Furthermore, ongoing advancements in UV LED technology, including improvements in efficiency, lifespan, and affordability, have contributed to the increased adoption of UV LED-based disinfection solutions. Manufacturers are investing in research and development to enhance the performance of UV LEDs, making them more accessible and practical for a wide range of disinfection applications.

Asia Pacific likely to hold the largest share of the overall UV LED Market in 2028

UV LED Market by Region

UV LED Market Statistics by Region

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The market in Asia Pacific has been further segmented into China, Japan, South Korea, Taiwan, India, and Rest of the Asia Pacific. The Asia Pacific region is witnessing significant growth in the UV LED market, driven by various factors. Firstly, the region's robust industrialization across electronics, automotive, and manufacturing sectors has fuelled the demand for UV LED applications. UV LEDs are used in electronics manufacturing for curing, printing, and counterfeit detection. The automotive industry employs UV LEDs for applications like curing adhesives and coatings. This industrial growth and diversification contribute to the expansion of the UV LED market in the Asia Pacific region. There is a growing emphasis on health and safety measures, especially in densely populated countries like China and India. UV-C LEDs, known for their germicidal properties, are increasingly used for disinfection in hospitals, laboratories, and public spaces. The Asia Pacific region is home to several key players in the UV LED industry, including manufacturers, component suppliers, and research institutions. The presence of these industry stakeholders fosters innovation, research, and development, contributing to the region's UV LED market growth. Moreover, the Asia Pacific region has a large consumer base, creating opportunities to adopt UV LED-based products in residential, commercial, and industrial settings. The increasing awareness of the benefits of UV LED technology, coupled with improving affordability and availability, further propel the market growth.

Top UV LED Companies - Key Market Players

Signify (Netherlands), Nordson Corporation (US), Seoul Viosys (South Korea), Hönle Group (Germany), ams-OSRAM AG (Austria), SemiLEDs (Taiwan), Crystal IS (US), Dowa Holdings Co., Ltd. (Japan), Nichia Corporation (Japan), and Nikkiso Co., Ltd. (Japan) are some of the key players in the UV LED market.

UV LED Market Report Scope :

Report Metric

Details

Estimated Market Size USD 1.2 billion in 2023
Projected Market Size USD 2.8 billion by 2028
Growth Rate CAGR of 19.7%

Market Size Availability for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Forecast Units

Value (USD Billion & Million)

Segments Covered

  • By technology,
  • By power output,
  • By application,
  • By end use, and
  • By region

Geographies Covered

  • North America,
  • Europe,
  • Asia Pacific, and
  • Rest of the World

Companies Covered

Signify (Netherlands), Nordson Corporation (US), Seoul Viosys (South Korea), Hönle Group (Germany), ams-OSRAM AG (Austria), SemiLEDs (Taiwan), Crystal IS (US), Dowa Holdings Co., Ltd. (Japan), Nichia Corporation (Japan), and Nikkiso Co., Ltd. (Japan).

Key Market Driver Longer product lifetime of UV LED as compared to conventional UV lamp
Key Market Opportunity Advent of UV LED application in the automotive industry

UV LED Market Highlights

This research report categorizes the TIC market based on By technology, power output, application, end use, and region.

Segment

Subsegment

By technology:

  • UV-A
  • UV-B
  • UV-C

By Power Output:

  • Less than 1 W
  • 1 W – 5 W
  • More than 5 W

By Application:

  • UV Curing
  • Medical and Scientific
  • Disinfection
  • Security
  • Agriculture
  • Lithography
  • Others

By End Use:

  • Industrial
  • Commercial
  • Residential

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments in UV LED Industry :

  • In March 2023, ams-OSRAM launched the OSLON UV 3535 series of mid-power UV-C LEDs. Compact and efficient, the OSLON UV 3535 LEDs are ideal for consumer or industrial applications, such as water purification or air conditioning systems.
  • In January 2023, Nichia Corporation launched UV-C LED, NCSU434C that produces 110mW at 350mA (a nearly 80% improvement over its predecessor), providing 5.4% wall-plug efficiency. This 3.5mm x 3.5mm device offers the industry's highest flux density and efficiency today, removing any wavelength inefficiencies.
  • In November 2022, Nordson Corporation acquired CyberOptics (US). As a result of the acquisition, Nordson's Advanced Technology Solutions segment will be able to offer differentiated technology that will enhance its product offering in the semiconductor and electronics industries.
  • In June 2022, Typhon Treatment Systems Ltd. (UK) collaborated with Seoul Viosys to install Seoul Viosys' Violeds technology to the Cumbria water treatment plant (UK) with a daily capacity of 30,000 cubic meters of water. BIO-310 UV LED Reactors from Typhon, installed in Cumbria water purification plant in the UK with Violeds applied, have a specifically designed arrangement and operation for UV LEDs and can process 30,000 cubic meters of water per day.
  • In October 2021, signify launched the Philips UV-C disinfection box for small objects. The Philips UV-C disinfection box, equipped with Philips' UV-C light sources, can inactivate SARS-CoV-2 on surfaces by more than 99%, making it easy and effective to disinfect household items such as keys, cell phones, and toys.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 STUDY SCOPE 
           1.4.1 MARKETS COVERED
                    FIGURE 1 UV LED MARKET: SEGMENTATION
           1.4.2 REGIONAL SCOPE
                    FIGURE 2 UV LED MARKET: REGIONAL SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA 
           FIGURE 3 MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    FIGURE 4 RESEARCH APPROACH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of key secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
           2.1.4 MAJOR PRIMARY INTERVIEW PARTICIPANTS
           2.1.5 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.5.1 Breakdown of primaries
                    2.1.5.2 Key industry insights
                    2.1.5.3 Key data from primary sources
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
    2.3 FACTOR ANALYSIS 
           2.3.1 SUPPLY-SIDE ANALYSIS
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) – REVENUES GENERATED BY COMPANIES FROM SALE OF UV LEDS
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND-SIDE ANALYSIS) SHARE OF UV TECHNOLOGY IN DIFFERENT REGIONS
           2.3.2 BOTTOM-UP APPROACH
                    2.3.2.1 Approach to derive market size using bottom-up analysis
                               FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.3 TOP-DOWN APPROACH
                    2.3.3.1 Approach to derive market size using top-down analysis
                               FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 10 DATA TRIANGULATION
    2.5 RISK ASSESSMENT 
           TABLE 1 RISK FACTOR ANALYSIS
           2.5.1 IMPACT OF RECESSION ON UV LED MARKET
    2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS 
           2.6.1 ASSUMPTIONS
           2.6.2 LIMITATIONS
 
3 EXECUTIVE SUMMARY (Page No. - 48)
   FIGURE 11 MARKET, 2019–2028 (USD MILLION)
   FIGURE 12 UV-C SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
   FIGURE 13 LESS THAN 1 W SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
   FIGURE 14 DISINFECTION SEGMENT TO REGISTER FASTEST GROWTH BETWEEN 2023 AND 2028
   FIGURE 15 COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023
   FIGURE 16 ASIA PACIFIC TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN UV LED MARKET 
           FIGURE 17 INCREASING DEMAND FOR UV LEDS IN DISINFECTION APPLICATION
    4.2 UV LED MARKET, BY TECHNOLOGY 
    4.3 UV LED MARKET, BY POWER OUTPUT 
           FIGURE 19 LESS THAN 1 W SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2023 TO 2028
    4.4 UV LED MARKET, BY APPLICATION 
           FIGURE 20 UV CURING SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023
    4.5 UV LED MARKET FOR DISINFECTION, BY TYPE 
           FIGURE 21 WATER DISINFECTION SEGMENT TO HOLD LARGEST SHARE OF MARKET FOR DISINFECTION IN 2023
    4.6 MARKET, BY END USER 
           FIGURE 22 COMMERCIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2023
    4.7 MARKET, BY REGION 
           FIGURE 23 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 24 UV LED MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Longer operational life of UV LEDs compared with conventional UV lamps
                               TABLE 2 COMPARISON BETWEEN UV, MERCURY, AND XENON LAMPS
                               TABLE 3 COMPARISON BETWEEN UV LED, MERCURY, AND XENON LAMPS
                    5.2.1.2 Growing inclination toward eco-friendly products and implementation of stringent regulations regarding use of green products
                    5.2.1.3 Growing concern regarding safe drinking water in emerging nations
                    5.2.1.4 Higher benefits of UV curing systems than traditional ones
                               FIGURE 25 UV LED MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Lower cost of conventional disinfectants compared with UV LEDs
                    5.2.2.2 High cost and lack of awareness associated with UV coatings
                               FIGURE 26 UV LED MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for ultrapure water
                    5.2.3.2 Expanding consumer electronics industry
                    5.2.3.3 Emerging applications of UV LEDs in automotive industry
                               FIGURE 27 UV LED MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Limited applications of UV LEDs compared with traditional UV lamps
                    5.2.4.2 Strict standards related to UV LED technology
                               FIGURE 28 UV LED MARKET: CHALLENGES AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 29  MARKET : VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS 
           TABLE 4 UV LED MARKET: ECOSYSTEM ANALYSIS
           FIGURE 30  MARKET : ECOSYSTEM ANALYSIS
    5.5 PRICING ANALYSIS 
           FIGURE 31 AVERAGE SELLING PRICE (ASP), BY TECHNOLOGY
           5.5.1 AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY TOP THREE PLAYERS, BY TECHNOLOGY
                    FIGURE 32 AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY TOP THREE PLAYERS, BY TECHNOLOGY
                    TABLE 5 AVERAGE SELLING PRICE OF UV LED COMPONENTS OFFERED BY KEY PLAYERS, BY TECHNOLOGY
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 33 REVENUE SHIFT AND NEW REVENUE POCKETS FOR UV LED PROVIDERS
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 UV LED TECHNOLOGY IN UV CURING
                    5.7.1.1 Stereoscopic Vision and Time of Flight (TOF)
                               TABLE 6 COMPARISON BETWEEN MERCURY LAMPS AND UV LED TECHNOLOGY
           5.7.2 UV LIGHT TECHNOLOGY
           5.7.3 MINIATURIZATION
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 34 UV LED MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 35 PORTER’S FIVE FORCES ANALYSIS
           TABLE 7 UV LED MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 36 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 37 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 9 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.10 CASE STUDY ANALYSIS 
           5.10.1 UV CURING SYSTEM FOR NASAL SWABS
                    TABLE 10 DYMAX’S UVCS LIGHT-CURING CONVEYOR SYSTEMS HELPED INCREASE PRODUCTION OF NASAL SWABS
           5.10.2 UV CURING SYSTEM FOR WPG HOLDINGS
                    TABLE 11 BALDWIN TECHNOLOGY HELPED IMPROVE WPG’S KOMORI LS829P WITH UV CURING
           5.10.3 UV CURING SYSTEM FOR POLYJET
                    TABLE 12 PHOSEON TECHNOLOGY PROVIDED UV CURING TECHNOLOGY TO POLYJET TO INCREASE PRINTING ACCURACY
    5.11 TRADE ANALYSIS 
           TABLE 13 IMPORT DATA FOR ULTRAVIOLET OR INFRA-RED LAMPS, HS CODE: 853949, BY COUNTRY, 2017–2021 (USD MILLION)
           FIGURE 38 COMPLIANT PRODUCTS AND IMPORT VALUES FOR MAJOR COUNTRIES (2017–2021)
           TABLE 14 EXPORT DATA FOR ULTRAVIOLET OR INFRA-RED LAMPS, HS CODE: 853949, BY COUNTRY, 2017–2021 (USD MILLION)
           FIGURE 39 COMPLIANT PRODUCTS AND EXPORT VALUES FOR MAJOR COUNTRIES, 2017–2021
    5.12 PATENT ANALYSIS 
           FIGURE 40 NUMBER OF PATENTS GRANTED, 2013–2022
           FIGURE 41 PATENTS GRANTED, BY REGION, 2013–2022
           TABLE 15 MARKET: KEY PATENTS, 2020–2022
    5.13 KEY CONFERENCES AND EVENTS, 2023–2025 
           TABLE 16  MARKET: CONFERENCES AND EVENTS
    5.14 REGULATORY LANDSCAPE 
           TABLE 17 MARKET: REGULATORY LANDSCAPE
           5.14.1 CODES AND STANDARDS RELATED TO UV LED
                   TABLE 18 UV LED: CODES AND STANDARDS
 
6 UV LED MARKET, BY TECHNOLOGY (Page No. - 89)
    6.1 INTRODUCTION 
           FIGURE 42 MARKET, BY TECHNOLOGY
           TABLE 19  MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           FIGURE 43 UV-C SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 20 MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           6.1.1 UV-A
                    6.1.1.1 Rising applications in industrial and commercial sectors
                               TABLE 21 UV-A: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 22 UV-A: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                               TABLE 23 UV-A: MARKET, BY END USER, 2019–2022 (USD MILLION)
                               TABLE 24 UV-A: MARKET, BY END USER, 2023–2028 (USD MILLION)
                               TABLE 25 UV-A: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 26 UV-A:  MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.1.2 UV-B
                    6.1.2.1 Higher energy levels than UV-A and safer compared to UV-C
                               TABLE 27 UV-B:MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 28 UV-B: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                               TABLE 29 UV-B: MARKET, BY END USER, 2019–2022 (USD MILLION)
                               TABLE 30 UV-B: MARKET, BY END USER, 2023–2028 (USD MILLION)
                               TABLE 31 UV-B: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 32 UV-B: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.1.3 UV-C
                    6.1.3.1 Growing demand for effective disinfection and sterilization solutions
                               FIGURE 44 BENEFITS ASSOCIATED WITH USING UV-C TECHNOLOGY IN DIFFERENT APPLICATIONS
                               TABLE 33 UV-C: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 34 UV-C: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                               TABLE 35 UV-C: MARKET, BY END USER, 2019–2022 (USD MILLION)
                               TABLE 36 UV-C: MARKET, BY END USER, 2023–2028 (USD MILLION)
                               TABLE 37 UV-C: MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 38 UV-C: UV LED MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 UV LED MARKET, BY POWER OUTPUT (Page No. - 102)
    7.1 INTRODUCTION 
           FIGURE 45 UV LED MARKET, BY POWER OUTPUT
           TABLE 39 MARKET, BY POWER OUTPUT, 2019–2022 (USD MILLION)
           FIGURE 46 LESS THAN 1W SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 40 UV LED MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION)
           7.1.1 LESS THAN 1 W
                    7.1.1.1 Widening application scope in various industries
           7.1.2 1–5 W
                    7.1.2.1 High power output while maintaining energy efficiency
           7.1.3 ABOVE 5 W
                    7.1.3.1 Suitability for high-power applications
 
8 UV LED MARKET, BY APPLICATION (Page No. - 107)
    8.1 INTRODUCTION 
           FIGURE 47 UV LED MARKET, BY APPLICATION
           TABLE 41 MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           FIGURE 48 DISINFECTION SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD
           TABLE 42 MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           8.1.1 UV CURING
                    TABLE 43 UV CURING: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 44 UV CURING: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 45 UV CURING:MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    FIGURE 49 COATING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 46 UV CURING: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    8.1.1.1 Printing
                               8.1.1.1.1 Higher benefits of UV printing over traditional printing
                    8.1.1.2 Coating
                               8.1.1.2.1 Increases operational life of final products
                    8.1.1.3 Adhesives
                               8.1.1.3.1 Used in assembly and manufacturing processes
           8.1.2 MEDICAL AND SCIENTIFIC
                    TABLE 47 MEDICAL AND SCIENTIFIC: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 48 MEDICAL AND SCIENTIFIC: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 49 MEDICAL AND SCIENTIFIC: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    FIGURE 50 EQUIPMENT STERILIZATION SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 50 MEDICAL AND SCIENTIFIC: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    8.1.2.1 Phototherapy
                               8.1.2.1.1 Revolutionized treatment of different skin conditions
                    8.1.2.2 Sensing
                               8.1.2.2.1 Used to trace presence of chemicals or pathogens in any substances
                    8.1.2.3 Equipment sterilization
                               8.1.2.3.1 Helps prevent spread of harmful pathogens, ensures product safety, and maintains hygienic environment
                    8.1.2.4 Research and development
                               8.1.2.4.1 Widely used in drug discovery, protein analysis, and synthesis of vitamin D
                    8.1.2.5 Teeth brightening
                               8.1.2.5.1 Harnessed to accelerate whitening process
                    8.1.2.6 Tanning
                               8.1.2.6.1 Provides safer and more controlled tanning experience than traditional tanning beds
           8.1.3 DISINFECTION
                    TABLE 51 DISINFECTION: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 52 DISINFECTION: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 53 DISINFECTION:MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    FIGURE 51 WATER DISINFECTION SEGMENT TO RECORD HIGHEST GROWTH RATE IN UV LED MARKET FOR DISINFECTION DURING FORECAST PERIOD
                    TABLE 54 DISINFECTION:MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    8.1.3.1 Water disinfection
                               8.1.3.1.1 Used to effectively destroys bacteria, viruses, and other pathogens in water by damaging DNA or RNA
                    8.1.3.2 Air disinfection
                               8.1.3.2.1 Use UV-C light in germicidal range to effectively destroy or inactivate microorganisms
                    8.1.3.3 Surface disinfection
                               8.1.3.3.1 Efficient and eco-friendly method of eliminating pathogens from different surfaces
           8.1.4 SECURITY
                    TABLE 55 SECURITY: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 56 SECURITY: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 57 SECURITY: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    FIGURE 52 FORENSIC SEGMENT TO RECORD HIGHER GROWTH RATE IN UV LED MARKET FOR SECURITY DURING FORECAST PERIOD
                    TABLE 58 SECURITY: UV LED MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    8.1.4.1 Counterfeit detection (Money and ID)
                               8.1.4.1.1 Enables to detect special inks on currency notes
                    8.1.4.2 Forensic
                               8.1.4.2.1 Provides enhanced examination and documentation of crime scenes and evidence
           8.1.5 AGRICULTURE
                    TABLE 59 AGRICULTURE: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 60 AGRICULTURE: UV LED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 61 AGRICULTURE: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    FIGURE 53 HORTICULTURE SEGMENT TO RECORD HIGHEST GROWTH RATE DURING FORECAST PERIOD
                    TABLE 62 AGRICULTURE:MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    8.1.5.1 Horticulture
                               8.1.5.1.1 Allows for year-round cultivation
                    8.1.5.2 Food processing
                               8.1.5.2.1 Used for air sterilization in processing facilities and preventing spread of airborne contaminants
           8.1.6 LITHOGRAPHY
                    8.1.6.1 Lower cost and higher flexibility compared with other printing methods
                               TABLE 63 LITHOGRAPHY: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                               TABLE 64 LITHOGRAPHY: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           8.1.7 OTHERS
                    TABLE 65 OTHERS: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 66 OTHERS: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
 
9 UV LED MARKET, BY END USER (Page No. - 130)
    9.1 INTRODUCTION 
           FIGURE 54 UV LED MARKET, BY END USER
           TABLE 67 MARKET, BY END USER, 2019–2022 (USD MILLION)
           FIGURE 55 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 68 UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)
           9.1.1 INDUSTRIAL
                    9.1.1.1 Increasing demand for UV technology in manufacturing sector
                               TABLE 69 INDUSTRIAL: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                               TABLE 70 INDUSTRIAL: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           9.1.2 COMMERCIAL
                    9.1.2.1 Rising applications of UV LEDs in commercial sector
                               TABLE 71 COMMERCIAL: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                               TABLE 72 COMMERCIAL:  MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           9.1.3 RESIDENTIAL
                    9.1.3.1 Growing demand for disinfection solutions
                               TABLE 73 RESIDENTIAL:MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                               TABLE 74 RESIDENTIAL: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
 
10 UV LED MARKET, BY REGION (Page No. - 137)
     10.1 INTRODUCTION 
             FIGURE 56 UV LED MARKET, BY REGION
             FIGURE 57 CHINA TO REGISTER HIGHEST CAGR IN UV LED MARKET DURING FORECAST PERIOD
             FIGURE 58 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN GLOBAL MARKET DURING FORECAST PERIOD
             TABLE 75 MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 76 MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             10.2.1 NORTH AMERICA: RECESSION IMPACT
                        FIGURE 59 NORTH AMERICA: IMPACT OF RECESSION
                        FIGURE 60 NORTH AMERICA: SNAPSHOT OF UV LED MARKET
                        TABLE 77 NORTH AMERICA: UV LED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 78 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 79 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 80 NORTH AMERICA: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 81 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 82 NORTH AMERICA: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 83 NORTH AMERICA: MARKET, BY END USER, 2019–2022 (USD MILLION)
                        TABLE 84 NORTH AMERICA: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.2.2 US
                        10.2.2.1 Large presence of key market players
                                     TABLE 85 US: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                     TABLE 86 US: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
             10.2.3 CANADA
                        10.2.3.1 Emergence of disinfection and UV curing applications
                                     TABLE 87 CANADA: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                     TABLE 88 CANADA: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
             10.2.4 MEXICO
                        10.2.4.1 Growing need for effective and safe disinfection methods
     10.3 EUROPE 
             10.3.1 EUROPE: RECESSION IMPACT
                        FIGURE 61 EUROPE: IMPACT OF RECESSION
                        FIGURE 62 EUROPE: SNAPSHOT OF UV LED MARKET
                        TABLE 89 EUROPE: UV LED MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 90 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 91 EUROPE: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 92 EUROPE: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 93 EUROPE: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 94 EUROPE: UV LED MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 95 EUROPE: MARKET, BY END USER, 2019–2022 (USD MILLION)
                        TABLE 96 EUROPE: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.3.2 UK
                        10.3.2.1 Rising deployment of UV disinfection equipment in commercial sector
                                     TABLE 97 UK: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                     TABLE 98 UK: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
             10.3.3 GERMANY
                        10.3.3.1 Rising applications of UV LEDs in automotive industry
                                     TABLE 99 GERMANY: UV LED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                     TABLE 100 GERMANY: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
             10.3.4 FRANCE
                        10.3.4.1 Presence of stringent regulations for protecting human health and environment
                                     TABLE 101 FRANCE: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                     TABLE 102 FRANCE: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
             10.3.5 ITALY
                        10.3.5.1 Growing demand for UV technology with increasing health concerns
             10.3.6 SPAIN
                        10.3.6.1 Increasing demand in disinfection, water treatment, and curing processes
             10.3.7 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 ASIA PACIFIC: RECESSION IMPACT
                        FIGURE 63 ASIA PACIFIC: IMPACT OF RECESSION
                        FIGURE 64 ASIA PACIFIC: SNAPSHOT OF UV LED MARKET
                        TABLE 103 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 104 ASIA PACIFIC: UV LED MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 105 ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 106 ASIA PACIFIC: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 107 ASIA PACIFIC: UV LED MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 108 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 109 ASIA PACIFIC: MARKET, BY END USER, 2019–2022 (USD MILLION)
                        TABLE 110 ASIA PACIFIC: UV LED MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.4.2 CHINA
                        10.4.2.1 Growing population and need to provide clean and safe water
                                     TABLE 111 CHINA: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                     TABLE 112 CHINA: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
             10.4.3 JAPAN
                        10.4.3.1 Increasing export of UV LEDs
                                     TABLE 113 JAPAN: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                     TABLE 114 JAPAN:  MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
             10.4.4 SOUTH KOREA
                        10.4.4.1 Growing demand for UV water disinfection equipment
                                     TABLE 115 SOUTH KOREA: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                                     TABLE 116 SOUTH KOREA: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
             10.4.5 TAIWAN
                        10.4.5.1 Presence of key market players
             10.4.6 INDIA
                        10.4.6.1 Government-led promotions of UV LED technology in commercial and residential sectors
             10.4.7 REST OF ASIA PACIFIC
     10.5 ROW 
             10.5.1 ROW: RECESSION IMPACT
                        FIGURE 65 ROW: IMPACT OF RECESSION
                        FIGURE 66 ROW: SNAPSHOT OF UV LED MARKET
                        TABLE 117 ROW: UV LED MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 118 ROW: MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 119 ROW: MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                        TABLE 120 ROW: MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                        TABLE 121 ROW: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 122 ROW: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 123 ROW: UV LED MARKET, BY END USER, 2019–2022 (USD MILLION)
                        TABLE 124 ROW:  MARKET, BY END USER, 2023–2028 (USD MILLION)
             10.5.2 MIDDLE EAST & AFRICA
                        10.5.2.1 Growing need to recycle wastewater
             10.5.3 SOUTH AMERICA
                        10.5.3.1 Growing demand for high-quality and energy-efficient disinfection solutions in various industries
 
11 COMPETITIVE LANDSCAPE (Page No. - 172)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 125 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     11.3 MARKET SHARE ANALYSIS 
             FIGURE 67  MARKET: MARKET SHARE ANALYSIS (2022)
             TABLE 126  MARKET SHARE ANALYSIS
     11.4 REVENUE ANALYSIS 
             FIGURE 68 UV LED MARKET: REVENUE SHARE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
     11.5 COMPANY EVALUATION QUADRANT 
             11.5.1 STARS
             11.5.2 PERVASIVE PLAYERS
             11.5.3 EMERGING LEADERS
             11.5.4 PARTICIPANTS
                        FIGURE 69  MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022
     11.6 COMPETITIVE BENCHMARKING 
             TABLE 127 COMPANY FOOTPRINT
             TABLE 128 TECHNOLOGY: COMPANY FOOTPRINT
             TABLE 129 APPLICATION: COMPANY FOOTPRINT
             TABLE 130 REGION: COMPANY FOOTPRINT
     11.7 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION QUADRANT 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                        FIGURE 70 UV LED MARKET: EVALUATION QUADRANT FOR STARTUPS/SMES, 2022
                        TABLE 131 UV LED MARKET: LIST OF KEY STARTUPS/SMES
                        TABLE 132  MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.8 COMPETITIVE SCENARIO AND TRENDS 
             11.8.1 PRODUCT LAUNCHES
                        TABLE 133  MARKET: PRODUCT LAUNCHES, JANUARY 2018–MARCH 2023
             11.8.2 DEALS
                        TABLE 134 MARKET: DEALS, JANUARY 2018–NOVEMBER 2022
 
12 COMPANY PROFILES (Page No. - 197)
(Business overview, Products offered, Recent Developments, MNM view)*  
     12.1 KEY PLAYERS 
             12.1.1 SIGNIFY HOLDING
                        TABLE 135 SIGNIFY HOLDING: COMPANY OVERVIEW
                        FIGURE 71 SIGNIFY HOLDING: COMPANY SNAPSHOT
                        TABLE 136 SIGNIFY HOLDING: PRODUCTS OFFERED
                        TABLE 137 SIGNIFY HOLDING: PRODUCT LAUNCHES
                        TABLE 138 SIGNIFY HOLDING: DEALS
             12.1.2 NORDSON CORPORATION
                        TABLE 139 NORDSON CORPORATION: COMPANY OVERVIEW
                        FIGURE 72 NORDSON CORPORATION: COMPANY SNAPSHOT
                        TABLE 140 NORDSON CORPORATION: PRODUCTS OFFERED
                        TABLE 141 NORDSON CORPORATION: DEALS
             12.1.3 SEOUL VIOSYS
                        TABLE 142 SEOUL VIOSYS: COMPANY OVERVIEW
                        FIGURE 73 SEOUL VIOSYS: COMPANY SNAPSHOT
                        TABLE 143 SEOUL VIOSYS: PRODUCTS OFFERED
                        TABLE 144 SEOUL VIOSYS: PRODUCT LAUNCHES
                        TABLE 145 SEOUL VIOSYS: DEALS
             12.1.4 HÖNLE GROUP
                        TABLE 146 HÖNLE GROUP: COMPANY OVERVIEW
                        FIGURE 74 HÖNLE GROUP: COMPANY SNAPSHOT
                        TABLE 147 HÖNLE GROUP: PRODUCTS OFFERED
                        TABLE 148 HÖNLE GROUP: PRODUCT LAUNCHES
                        TABLE 149 HÖNLE GROUP: DEALS
             12.1.5 AMS-OSRAM AG
                        TABLE 150 AMS-OSRAM AG: COMPANY OVERVIEW
                        FIGURE 75 AMS-OSRAM AG: COMPANY SNAPSHOT
                        TABLE 151 AMS-OSRAM AG: PRODUCTS OFFERED
                        TABLE 152 AMS-OSRAM AG: PRODUCT LAUNCHES
                        TABLE 153 AMS-OSRAM AG: DEALS
             12.1.6 SEMILEDS CORPORATION
                        TABLE 154 SEMILEDS CORPORATION: COMPANY OVERVIEW
                        FIGURE 76 SEMILEDS CORPORATION: COMPANY SNAPSHOT
                        TABLE 155 SEMILEDS CORPORATION: PRODUCTS OFFERED
                        TABLE 156 SEMILEDS CORPORATION: DEALS
             12.1.7 CRYSTAL IS
                        TABLE 157 CRYSTAL IS: COMPANY SNAPSHOT
                        TABLE 158 CRYSTAL IS: PRODUCTS OFFERED
                        TABLE 159 CRYSTAL IS: PRODUCT LAUNCHES
                        TABLE 160 CRYSTAL IS: DEALS
             12.1.8 DOWA HOLDINGS CO., LTD.
                        TABLE 161 DOWA HOLDINGS CO., LTD.: COMPANY OVERVIEW
                        FIGURE 77 DOWA HOLDINGS CO., LTD.: COMPANY SNAPSHOT
                        TABLE 162 DOWA HOLDING CO., LTD.: PRODUCTS OFFERED
                        TABLE 163 DOWA HOLDING CO., LTD.: PRODUCT LAUNCHES
             12.1.9 NICHIA CORPORATION
                        TABLE 164 NICHIA CORPORATION: COMPANY SNAPSHOT
                        TABLE 165 NICHIA CORPORATION: PRODUCTS OFFERED
                        TABLE 166 NICHIA CORPORATION: PRODUCT LAUNCHES
             12.1.10 NIKKISO CO., LTD.
                        TABLE 167 NIKKISO CO., LTD.: COMPANY OVERVIEW
                        FIGURE 78 NIKKISO CO., LTD.: COMPANY SNAPSHOT
                        TABLE 168 NIKKISO CO., LTD.: PRODUCTS OFFERED
     12.2 OTHER PLAYERS 
             12.2.1 HERAEUS HOLDING
             12.2.2 PHOSEON TECHNOLOGY
             12.2.3 HALMA PLC
             12.2.4 LUMILEDS HOLDING B.V.
             12.2.5 HOYA CORP.
             12.2.6 EXCELITAS TECHNOLOGIES CORP.
             12.2.7 ADVANCED OPTOELECTRONIC TECHNOLOGY, INC.
             12.2.8 LUMINUS, INC.
             12.2.9 NITRIDE SEMICONDUCTOR CO., LTD.
             12.2.10 EPILEDS TECHNOLOGIES, INC.
             12.2.11 LITE-ON TECHNOLOGY CORP.
             12.2.12 BOLB INC.
             12.2.13 PRIMELITE GMBH
             12.2.14 LUMEX INC.
             12.2.15 BIVAR
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.  
 
13 APPENDIX (Page No. - 251)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 
 

The study involved four major activities in estimating the size of the UV LED market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information relevant to this study on the UV LED market. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; directories; and databases.

The global size of the UV LED market has been obtained from the secondary data available through paid and unpaid sources. It has also been determined by analyzing the product portfolios of the leading companies and rating them based on the quality of their offerings.

Secondary research has been used to gather key information about the industry's supply chain, the market's monetary chain, the total number of key players, and market segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both the market- and technology-oriented perspectives. It has also been conducted to identify and analyze the industry trends and key developments undertaken from both the market- and technology perspectives.

Primary Research

In the primary research process, various primary sources have been interviewed to obtain qualitative and quantitative information about the market across four main regions—Asia Pacific, North America, Europe, and the Rest of the World (the Middle East, Africa, and South America). Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology directors, and other related key executives from major companies and organizations operating in the UV LED market or related markets.

After completing market engineering, primary research was conducted to gather information and verify and validate critical numbers from other sources. Primary research has also been conducted to identify various market segments; industry trends; key players; competitive landscape; and key market dynamics, such as drivers, restraints, opportunities, and challenges, along with key strategies adopted by market players. Most primary interviews have been conducted with the market's supply side. This primary data has been collected through questionnaires, emails, and telephonic interviews.

UV LED Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall UV LED market and other dependent submarkets. Key players in the market have been identified through secondary research, and their market positions in the respective geographies have been determined through both primary and secondary research. This entire procedure includes studying the annual and financial reports of top market players and extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (qualitative and quantitative).

All percentage shares and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Global UV LED Market Size: Bottom-Up Approach

UV LED Market Size, and Bottom-Up Approach

Global UV LED Market Size: Top-Down Approach

UV LED Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. The data triangulation procedure has been employed to complete the market engineering process and arrives at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

The UV LED market refers to the industry involved in the production, distribution, and utilization of UV (Ultraviolet) light-emitting diodes (LEDs). UV LEDs are semiconductor devices that emit ultraviolet light when an electrical current passes through them. They are designed to emit light in the UV spectrum, which is divided into UV-A, UV-B, and UV-C ranges. The UV LED market encompasses a wide range of applications, including curing and printing, disinfection and sterilization, analytical and instrumentation, and horticulture and agriculture. This market involves various stakeholders, including manufacturers, suppliers, distributors, and end-users across industries that leverage UV LED technology for its energy efficiency, durability, and versatility in various applications.

Key Stakeholders

  • Product manufacturers
  • Display device manufacturers
  • OEMs (mobile devices)
  • LED chip manufacturers
  • LED component manufacturers
  • Government organizations
  • System integrators
  • Internal distributors
  • Unauthorized resellers
  • Packaging companies
  • Purification associations

Report Objectives

  • To define, describe, and forecast the UV LED market on the basis of technology, application, and geography
  • To forecast the market size, in terms of value, for various segments with regard to four main regions, namely, the North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To understand and analyze the impact of evolving technologies on the overall value chain of the UV LED market and upcoming trends in the ecosystem
  • To highlight the impact of Porter's five forces on the UV LED ecosystem and analyze the underlying market opportunities
  • To analyze the associated use cases in the UV LED business and their impact on the business strategies adopted by key players
  • To provide key industry trends and associated important regulations impacting the global UV LED market
  • To strategically analyze the micromarkets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments of the global UV LED market
  • To forecast and compare the market size of pre-recession with that of the post-recession at global, and regional levels
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive developments such as joint ventures, mergers and acquisitions, new product developments, expansions, and research & development in the global UV LED market

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Custom Market Research Services

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Report Code
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Published ON
May, 2023
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