Ultravoilet (UV) LED Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.57 Billion |
| Market Size (2029) | USD 4.5 Billion |
| CAGR (2024 - 2029) | 23.26 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ultravoilet (UV) LED Market Analysis
The UV LED Market size is estimated at USD 1.57 billion in 2024, and is expected to reach USD 4.5 billion by 2029, growing at a CAGR of 23.26% during the forecast period (2024-2029).
UV LED lighting offers longer lifetimes, greater reliability, and smaller sizes, enabling system designers maximum design freedom. Radiations with wavelengths from 180 to 280 nm are referred to as UV-C, and this is the range needed to be used effectively in decontamination, disinfection, and sterilization.
- The critical advantage UV LEDs have over UV lamps is that they have a narrow band compared to UV lamps. The risk of exposure to the wrong wavelength is reduced significantly. The applications, such as printing and medical operations, benefitted the most during the initial years.
- The printing solution market is expected to witness a considerable increase in demand, owing to constant developments such as partnerships and innovations in the market. In January 2021, RMGT announced a UV LED partnership with GEW. RMGT adopted the high-performance GEW product as its definitive new solution in the ongoing technology improvement after months of evaluating all significant UV LED manufacturers.
- UV LED lighting provides the user with a much more energy-efficient and environmentally friendly solution. With reduced maintenance, small compact sizing, and no preheating requirement, it is a more cost-effective and convenient option. UV-C LED lighting is more sustainable than traditional, providing evenly dispersed heat, instantaneous preheating, a concentrated light source, and durable housing. With such a flexible, user-friendly implementation, they can be integrated into various systems and improve the efficiency of the disinfection process.
- Additionally, the electrical-to-UV-C conversion efficiency is already lower than that of mercury lamps. They consume substantially low power, making UV LEDs more energy efficient. UV LEDs can also be turned on and off instantly, whereas mercury tubes have a warm-up period before they reach full power, which means their energy consumption is less controllable.
- With the COVID-19 outbreak, the ultraviolet LED market is witnessing significant growth in demand due to the rapid usage of germ-killing properties and disinfecting surfaces. Several countries, such as China and the United States, use ultraviolet lamps to clean surfaces and prevent people from getting infected. According to Photonics Media, the pandemic has increased the demand for ultraviolet LEDs that disinfect spaces.
Ultravoilet (UV) LED Market Trends
Sterilization to Hold Significant Market Share
- The scope for a UV LED is becoming abundant in sterilization applications, as it is being proved to be the cheapest way to provide safe drinking water across the globe. This also offers monetary benefits to the players with increasing consumption.
- The growing concern for water purity in developed and developing nations presents a substantial growth opportunity for ultraviolet LEDs to be adopted by consumers in both residential and commercial sectors. The rise in the world population and the scarcity of pure water have attracted many UV LED manufacturers toward the untapped water purification application market.
- According to (IUVA) (International Ultraviolet Association), the portion of the ultraviolet spectrum that effectively works against germs in the water and air ranges between 200nm-300nm. This corresponds to the UV-B range, often to UV-C, and is sometimes termed germicidal ultraviolet light. Within such a range, ultraviolet light can penetrate the cells of microorganisms and disrupt the DNA, eliminating the ability to multiply and cause diseases.
- UV germicidal irradiation has been considered one of the essential processes in the decontamination and disinfectant industry for decades. This process utilizes short-wavelength UV-C light to kill the microbes from 100 to 280 nm, but the effective wavelength range for decontamination is between 250-260 nm.
- UV LED is increasing significantly for sterilization applications, as it is considered of the cheapest ways to provide safe drinking water globally. The products would offer monetary advantages to companies and increase consumption.
- The considerable investments in the sterilization sector further contribute to the market growth. GERMITEC, a global healthcare pioneer, in May 2022, commercialized and created high-level UV-C disinfection systems for ultrasound probes that essentially simplified health providers' time tasks, safety, and responsibilities and announced the completion of a EURO 11 Million fundraising round.
Asia-Pacific to Witness Significant Growth
- The Asia-Pacific is expected to witness significant market growth over the forecast period. Several vendors based in Japan and China are making considerable investments in the expanding applications of UV LEDs.
- The prominent ink manufacturers operating in China (like Toyo Ink Co. Ltd, DIC Corporation, and Japanese chemical companies operating in China) highlighted the increasing demand for ultraviolet inks, owing to the environmental advantages and the faster curing rates. For instance, the application of ultraviolet LEDs are materials (such as aluminum foil, paper, and plastic) package printing in end-user industries, such as wine and cigarette)
- The Chinese central government expects China's automobile production to reach 35 Million units by 2025. With the increasing growth in automobile production, the need for ultraviolet LED is expected to increase owing to ultraviolet applications in painting, etc. On the contrary, ultraviolet LEDs last more than ten times longer, with lifespans of over 10,000 hours. This means UV LED decontamination can be run overnight to decontaminate more persistent pathogens.
- Japan is considered a vast hub for technological advancements and hosts an active research and development base for efficient and newer UV-curable adhesives. Recently, novel UV-curable adhesive products are finding applications in the country's electrical, packaging, and automotive sectors.
- Several vendors based out of Japan are making considerable investments in the expanding applications of ultraviolet LEDs, like sterilization and disinfection, in addition to the expansion activities.
- South Korea has comparatively low consumption levels of UV-curable resins, which is still prominent in the production phase. LED vendors based out of South Korea are expected to launch new series of UV-C LED products shortly. UV-C LEDs, which are challenging to manufacture technologically, are expected to significantly contribute to the market's growth in the Asia-Pacific region.
Ultravoilet (UV) LED Industry Overview
The UV LED Market is highly fragmented with the presence of major players like Lumileds Holding BV, Koninklijke Philips NV, NKFG Corporation, Hongli Zhihui Group, and Seoul Viosys Co. Ltd. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- March 2024 - Nichia started mass production of the new UV-B (308nm) and UV-A (330nm) LEDs in its popular 434 Series package. While maintaining the compact 3.5mm x 3.5mm size of the 434 Series, the newly launched UV-B and UV-A LEDs deliver industry-leading outputs of 90 and 100mW, respectively (at 350mA), thus maximizing flux density.
- November 2023 - Crystal IS Inc. announced that Amway has chosen its UVC LED technology for its eSpring home water treatment system. With a unique combination of UV LEDs and eSpring e3 carbon filter, the new eSpring water purifier is 99.9999% effective at killing bacteria, Viruses up to 99.99, and cysts up to 99.9. The use of UV C LEDs also makes the new eSpring water purifier a more environmentally friendly product, as the new device consumes 25 less energy during active use compared to the previous model.
Ultravoilet (UV) LED Market Leaders
Lumileds Holding BV
Nordson Corporation
Seoul Viosys Co., Ltd
Honle UV America Inc.
Semileds Corporation
*Disclaimer: Major Players sorted in no particular order
Ultravoilet (UV) LED Market News
- December 2023 - Luminus announced the official launch of its Gen2 XBT-3535 series, an addition to its extensive UV-C LED portfolio. This release ensures Luminus is a prominent player with one of the most comprehensive portfolios in the industry by offering multiple wavelength options, including 265 nm, 275 nm, 285 nm, 308 nm, and 340 nm.
- November 2023 - Crystal IS Inc. announced that Amway has chosen its UVC LED technology for its eSpring home water treatment system. With a unique combination of UV LEDs and eSpring e3 carbon filter, the new eSpring water purifier is 99.9999% effective at killing bacteria, Viruses up to 99.99, and cysts up to 99.9. The use of UV C LEDs also makes the new eSpring water purifier a more environmentally friendly product, as the new device consumes 25 less energy during active use compared to the previous model.
Ultravoilet (UV) LED Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of COVID-19 Aftereffects and other Macroeconomic Factors
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Eco-friendly Composition of UV LED
5.1.2 Rising Adoption of the UV Curing Market
5.1.3 Increasing Adaptability Fueled by Low Total Cost of Ownership
5.2 Market Restraints
5.2.1 Increasing Manufacturing Complexity and Technical Limitations
6. MARKET SEGMENTATION
6.1 By Technology
6.1.1 UV-A
6.1.2 UV-B
6.1.3 UV-C
6.2 By Application
6.2.1 Optical Sensors and Instrumentation
6.2.2 Counterfeit Detection
6.2.3 Sterilization
6.2.4 UV Curing
6.2.5 Medical Light Therapy
6.2.6 Other Applications
6.3 By Geography
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 Germany
6.3.2.2 United Kingdom
6.3.2.3 France
6.3.3 Asia
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 South Korea
6.3.3.4 Australia and New Zealand
6.3.4 Latin America
6.3.4.1 Brazil
6.3.4.2 Chile
6.3.4.3 Mexico
6.3.5 Middle East and Africa
6.3.5.1 United Arab Emirates
6.3.5.2 South Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Lumileds Holding BV
7.1.2 Koninklijke Philips NV
7.1.3 NKFG Corporation
7.1.4 Hongli Zhihui Group
7.1.5 Seoul Viosys Co. Ltd
7.1.6 Nichia Corporation
7.1.7 Semileds Corporation
7.1.8 Epigap osa Photonics Gmbh
7.1.9 Crystal Is Inc. (Asahi Kasei Group)
7.1.10 Luminus Inc.
7.1.11 Lite-on Technology Corporation
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ultravoilet (UV) LED Industry Segmentation
UV LED refers to using ultraviolet radiation within the wavelength of 240-400 nm to facilitate high productivity, enhanced safety, and diminished operational costs during different applications. Ultraviolet LED manufacturers have started focusing on improving productivity by adopting newer substrates to provide more sustainable and efficient UV LEDs.
The UV LED market is segmented by technology (UV-A, UV-B, UV-C), application (optical sensor and instrumentation, counterfeit detection, sterilization, UV curing, medical light therapy), and geography (North America [United States, Canada], Europe [Germany, United Kingdom, France], Asia Pacific (China, Japan, South Korea, Australia and New Zealand), Latin America (Brazil, Chile, Mexico, Middle East and Africa, United Arab Emirates, South Africa]). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Technology | |
| UV-A | |
| UV-B | |
| UV-C |
| By Application | |
| Optical Sensors and Instrumentation | |
| Counterfeit Detection | |
| Sterilization | |
| UV Curing | |
| Medical Light Therapy | |
| Other Applications |
| By Geography | ||||||
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Ultravoilet (UV) LED Market Research FAQs
How big is the UV LED Market?
The UV LED Market size is expected to reach USD 1.57 billion in 2024 and grow at a CAGR of 23.26% to reach USD 4.5 billion by 2029.
What is the current UV LED Market size?
In 2024, the UV LED Market size is expected to reach USD 1.57 billion.
Who are the key players in UV LED Market?
Lumileds Holding BV, Nordson Corporation, Seoul Viosys Co., Ltd, Honle UV America Inc. and Semileds Corporation are the major companies operating in the UV LED Market.
Which is the fastest growing region in UV LED Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in UV LED Market?
In 2024, the Asia-Pacific accounts for the largest market share in UV LED Market.
What years does this UV LED Market cover, and what was the market size in 2023?
In 2023, the UV LED Market size was estimated at USD 1.20 billion. The report covers the UV LED Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UV LED Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
UV LED Industry Report
Statistics for the 2024 UV LED market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UV LED analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
