UV LED Market Size, By Type (UV-A, UV-B, UV-C), By Application (UV Curing, Medical Light Therapy, Disinfection & Sterilization, Counterfeit Detection, Optical Sensing & Instrumentation), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Ultraviolet Light Emitting Diode (UV LED) Market size exceeded USD 500 million in 2020 and is anticipated to grow at a CAGR of over 15% from 2021 to 2027. The global industry shipments are projected to reach more than 150 million units by 2027. The rising trend of smart home appliances in various developing nations has provided opportunities for the market players. UV technology is experiencing rising implementation in various smart home technology products, such as smart water purifiers, refrigerators, air conditioners, and advanced kitchen appliances, driving the market growth. UV LED offers several high-end features, such as compact size, high output efficiency, low power consumption, and cost-efficiency, compared to UV lamps and bulbs. Companies manufacturing electronic devices are integrating UV LED components to develop effective and innovative products.
 

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The COVID-19 outbreak has positively impacted manufacturers due to rising market demand for UV LED devices for sterilization and disinfection. According to a report published by MDPI, in July 2021, the use of UV-C radiation helps in disinfecting the surfaces and inactivates COVID-19. Furthermore, in early 2020, several major market leaders and research institutes were engaged in the development of medical and healthcare devices to decrease the spread of coronavirus. For instance, in May 2020, Seoul Viosys partnered with the Korean University to demonstrate the efficacy of its new product, the Violeds UV LED module. It demonstrated that its LED module can eliminate 99.9% of the coronavirus with a 30-second dose on the surface.
 

Increasing uptake of UV-A LEDs in forensic applications is expected to spur the market expansion

The UV-A segment dominated more than 55% of the UV LED market share in 2020 and will witness 18% growth rate through 2027 led by several high-end characteristics offered by UV-A LEDs such as low-power consumption, effective elimination, and short-wavelength energy. These characteristics increase their adoption in forensic investigations for inspection of biological stains, untreated blood, and latent fingerprints at crime scenes, among others. Adding to this, UV-A LEDs offer a low cost of ownership, higher efficiency, and miniaturization properties, which add significant advantages over conventional curing technologies, such as fluorescent and mercury, fueling the industry demand. Companies are extensively focusing on adopting UV LED technology to offer high-end products and stay competitive in the market.
 

Rising demand for disinfection & sterilization systems in water purification facilities will boost the market revenue

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The disinfection & sterilization segment will hold 30% of revenue share by 2027 on account of the rising adoption of disinfection & sterilization systems in water treatment and purification facilities. This acceptance is driven by the growing awareness of the importance of drinking treated water as a result of rising concerns about water-borne diseases. According to a report published by UNICEF, in July 2021, a total of 5.8 billion people had accessed purified drinking water, reducing the illness and death ratio from water-borne diseases. To protect families and houses from common pathogenic sources of water-borne illnesses, UV-C LEDs are integrated into POU water purification systems. These UV LED are employed in these systems to defend against bacteria and other microbial pollutants. The increasing usage of advanced disinfection & sterilization systems in European economies will propel the growth opportunities for ultraviolet LED manufacturers.  Various players are engaged in innovating new products by integrating ultraviolet LEDs to gain a competitive share in the market.
 

Favorable government initiatives to support the regional healthcare & pharmaceutical sector will create opportunities for the APAC region

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Asia Pacific UV LED market captured over 45% of revenue share in 2020 and is estimated to attain 18% CAGR till 2027. The industry growth is credited to the rising adoption of ultraviolet LEDs in the pharmaceutical industry. These LEDs are highly incorporated in various bio-pharmaceutical processes such as phototherapy, DNA analysis, protein synthesis, novel drug development, and vitamin analysis, among others. Rising government initiatives and investments to promote drug development and innovation in the pharmaceutical industry are accelerating the acceptance of UV LED and supporting the regional growth.
 

Focus on strategic alliances & acquisitions to stay competitive in the market

Key players operating in the market are Crystal IS, SemiLEDs Corporation, NICHIA CORPORATION, OSRAM Opto Semiconductors GmbH, Sensor Electronic Technology, Inc., Seoul Viosys Co., Ltd., and others. The leaders are continuously strategizing on mergers & acquisitions for the expansion of their market share and growth opportunities.
 

The UV LED market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2016 to 2027 for the following segments:

Market, By Type

• UV-A
• UV-B
• UV-C

Market, By Application

• UV curing
• Medical light therapy
• Disinfection & sterilization
• Counterfeit detection
• Optical sensing & instrumentation
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • GCC
  • South Africa