HOME Top Market Reports UV LED Market by Technology (UVA, UVB, & UVC), Application (Industrial (UV Curing), Medical & Scientific (Phototherapy, Sensing), Sterilization (Disinfection) & Security (Counterfeit Detection & Forensic)), and Geography - Global Forecast to 2020

UV LED Market by Technology (UVA, UVB, & UVC), Application (Industrial (UV Curing), Medical & Scientific (Phototherapy, Sensing), Sterilization (Disinfection) & Security (Counterfeit Detection & Forensic)), and Geography - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: September 2015
Report Code: SE 3724

 

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Ultra-violet LED (UV LED) is a device which emits ultraviolet light or waves having wavelength of less than 400nm and is known for its compactness, superior performance, and low cost. Few main applications of UV LED market include air & water purification, medical, and security purposes.

Previously, UV lamps were widely used application of UV LED, but the applications of UV LED have enhanced over the time with the growth of UV curing application which utilizes UV-A technology.

The market for UV LED was valued at USD 82.53 Million in 2014 and is expected to reach USD 369.58 Million by 2020, at a CAGR of 23.17% between 2015 and 2020.

The UV LED market is expected to grow with new applications such as disinfection, that is, air and water purification system which works on UV-C technology. New technological advancements such as replacement of mercury lamp, flux density, and high performance with the high wavelength are also fostering the growth of the UV LED market. One of the emerging trends with respect to the industrial application of UV LED is the growing demand for UV curing solutions that integrates coating, printing, and adhesives and the evolution of UV lamps to UV LED.

With the development of better chips and components, UV LED technology is continuously advancing further. Today, technologically-advanced UV LED devices such as counterfeit detection systems, equipment sterilizers, and curing and coating methods offer best UV LED experiences to users. Initially used in curing and printing applications, the UV LED market is now being used in medical, automotive, security, electronics, and many other applications.

The UV LED technology is mainly segmented into UVA, UVB, and UVC technologies. The UVA LED wavelength range between 320-400nm and has high adoption rate because of the presence of variety of UVA applications such as counterfeit detection, UV curing, forensics, and many others. They also have the capability to serve number of existing and new applications. The UVC technology is expected to grow at the highest growth rate in the coming years as it is mainly used for germicidal & sterilization purposes, protein analysis, and other applications of the medical and sterilization segments. The UV LED market is also segmented on the basis of application into industrial, medical and scientific, sterilization, and security application.

This market includes a number of manufacturers of UV LED system, UV chips and components, UV sterilizers, UV inks, UV coating system, and Counterfeit detectors among others.  The major active companies in this market include by LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Honle Group (Germany), Nordson Corporation (U.S.), SemiLEDs Corporation (Taiwan), and other companies such as Halma Plc (U.K.), Heraeus Holding GmbH (Germany), Crystal IS Inc. (U.S.), Seoul Viosys Co, Ltd. (South Korea), Sensor Electronics Technology Inc. (U.S.), and Nichia Corporation (Japan), and many more.

Key Take-Aways:

  • The total UV LED market is expected to grow at a CAGR of 23.17% between 2015 and 2020.
  • The market is analyzed with a special focus on high growth applications.
  • market includes statistics by technology, applications, and geography with detailed classification
  • The report includes the detailed Porter’s analysis and timelines of Market.
  • The major market trends, drivers, and restraints of the market are analyzed.
  • The illustrative segmentation, analysis, and forecast of the major geographical markets give an overall view of the market.
  • The future of UV LED is studied and estimated from technical as well as market-oriented perspectives.
  • The detailed competitive landscape is provided with identification of the key players.

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for  the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Factor Analysis
           2.1.1 Introduction
           2.1.2 Demand-Side Analysis
                    2.1.2.1 Increasing Demand Leading to Growing Number of Manufacturers of UV LED
                    2.1.2.2 Demand for  UV LED Applications on the Upsurge
           2.1.3 Supply-Side Analysis
                    2.1.3.1 Upsurge in the Supply of UV LED Products
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Data
           2.4.1 Secondary Data
                    2.4.1.1 Key Data From Secondary Sources
           2.4.2 Primary Data
                    2.4.2.1 Key Data From Primary Sources
                    2.4.2.2 Key Industry Insights
           2.4.3 Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Market Opportunities in the UV LED Market
    4.2 UV LED Market –Three Predominant Technologies
    4.3 UV LED Market in Different Regions
    4.4 Global Growth Map
    4.5 Market, By Application
    4.6 Market, By Geography
    4.7 UV LED Application Market, By Region (2014)

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Technology
           5.3.2 By Application
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Environmental-Friendly Composition of UV LED Enhances the Growth
                    5.4.1.2 Technological Advancement Driving the Growth of Market
                    5.4.1.3 Increasing Adoption in the UV Curing Market
                    5.4.1.4 Increased Adaptability Because of Compactness& Low Cost of Ownership
           5.4.2 Restraint
                    5.4.2.1 Manufacturing of Chip Used in UV LED is Limiting the Growth of Emerging Applications
           5.4.3 Opportunity
                    5.4.3.1 Growth Prospects for UV LED Expected in Emerging Applications Such as Disinfection, Purification, and Others
           5.4.4 Challenges
                    5.4.4.1 High Cost of Substrates

6 Industry Trends (Page No. - 56)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Force Analysis
           6.3.1 Bargaining Power of Buyers
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Threat of New Entrants
           6.3.5 Intensity of Competitive Rivalry
    6.4 Recent Patents (2013-2015)
    6.5 Strategic Benchmarking
           6.5.1 Major Strategies Adopted By the Key Players

7 Market, By Technology (Page No. - 67)
    7.1 Introduction
    7.2 UVA
    7.3 UVB
    7.4 UVC

8 Market, By Application (Page No. - 88)
    8.1 Introduction
    8.2 Industrial
           8.2.1 UV Curing
                    8.2.1.1 Printing
                               8.2.1.1.1 Screen Printing
                               8.2.1.1.2 Inkjet Printing
                    8.2.1.2 Coating
                               8.2.1.2.1 In-Line Coating
                               8.2.1.2.2 Adhesive Coating
                               8.2.1.2.3 Lacquer Coating
                    8.2.1.3 Adhesives
           8.2.2 Lithography
           8.2.3 Nlos Communication
    8.3 Medical and Scientific
           8.3.1 Phototherapy
           8.3.2 Sensing
           8.3.3 Equipment Sterilization
           8.3.4 Research and Development
           8.3.5 Teeth Brightening
           8.3.6 Tanning
    8.4 Sterilization
           8.4.1 Disinfection (Water/Air/Surface Purification)
                    8.4.1.1 Consumer
                    8.4.1.2 Residential
                    8.4.1.3 Commercial
           8.4.2 Deodorization
    8.5 Security
           8.5.1 Counterfeit Detection (Money & Id)
           8.5.2 Forensic Application

9 Geographic Analysis (Page No. - 114)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 U.K.
           9.3.2 Germany
           9.3.3 France
           9.3.4 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 Taiwan
           9.4.4 South Korea
           9.4.5 Rest of Asia-Pacific
    9.5 Rest of the World
           9.5.1 Middle East & Africa
           9.5.2 South America

10 Competitive Landscape (Page No. - 138)
(Overview, Products and Services, Financials, Strategy & Development)*
     10.1 Overview
     10.2 Market Ranking Analysis, Global Market
     10.3 Competitive Situation and Trends
             10.3.1 New Product Developments
             10.3.2 Partnerships, Agreements, and Joint Ventures
             10.3.3 Acquisitions
             10.3.4 Expansions

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

11 Company Profiles (Page No. - 144)
     11.1 Introduction
     11.2 LG Electronics Inc.
     11.3 Koninklijke Philips N.V.
     11.4 Hφnle Group
     11.5 Nordson Corporation
     11.6 Semileds Corporation
     11.7 Halma PLC.
     11.8 Nichia Corporation
     11.9 Seoul Viosys Co., Ltd
     11.10 Crystal is, Inc.
     11.11 Heraeus Holding GmbH
     11.12 Sensor Electronic Technology, Inc.

12 Appendix (Page No. - 169)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (74 Tables)

Table 1 New Product Developments Between 2012 and 2015
Table 2 Drivers of UV LED Market
Table 3 Restraint of UV LED Market
Table 4 Opportunity in UV LED Market
Table 5 Challenges for the UV LED Market
Table 6 Patents List (2012-2015)
Table 7 Market Size, By Technology, 2014–2020 (USD Million)
Table 8 UVA LED Market Size, By Application, 2014–2020 (USD Million)
Table 9 UVA LED Market Size, By the Industrial Application, 2014–2020 (USD Million)
Table 10 UVA LED Market Size, By the UV Curing Application, 2014–2020 (USD Million)
Table 11 UVA LED Market Size, By the Medical and Scientific Application, 2014–2020 (USD Million)
Table 12 UVA LED Market Size, By the Sterilization Application, 2014–2020 (USD Million)
Table 13 UVA LED Market Size for the Sterilization Application, By Type, 2014–2020 (USD Thousand)
Table 14 UVA LED Market Size, By the Security Application, 2014–2020 (USD Million)
Table 15 UVB LED Market Size, By Application, 2014–2020 (USD Thousand)
Table 16 UVB LED Market Size, By the Industrial Application, 2014–2020 (USD Thousand)
Table 17 UVB LED Market Size, By the UV Curing Application, 2014–2020 (USD Thousand)
Table 18 UVB LED Market Size, By the Medical and Scientific Application, 2014–2020 (USD Thousand)
Table 19 UVB LED Market Size, By the Sterilization Application, 2014–2020 (USD Thousand)
Table 20 UVB LED Market Size for the Sterilization Application, By Type, 2014–2020 (USD Thousand)
Table 21 UVB LED Market Size, By the Security Application, 2014–2020 (USD Thousand)
Table 22 UVC LED Market Size, By Application, 2014–2020 (USD Thousand)
Table 23 UVC LED Market Size, By the Industrial Application, 2014–2020 (USD Thousand)
Table 24 UVC LED Market Size, By the UV Curing Application, 2014–2020 (USD Thousand)
Table 25 UVC LED Market Size, By the Medical and Scientific Application, 2014–2020 (USD Thousand)
Table 26 UVC LED Market Size, By the Sterilization Application, 2014–2020 (USD Thousand)
Table 27 UVC LED Market Size for the Sterilization Application, By Type, 2014–2020 (USD Thousand)
Table 28 UVC LED Market Size, By the Security Application, 2014–2020 (USD Thousand)
Table 29 UV LED Market Size, By Application, 2014–2020 (USD Million)
Table 30 Market Size, By the Industrial Application, 2014–2020 (USD Million)
Table 31 Global UV LED Market Size for the Industrial Application, By Technology, 2014–2020 (USD Million)
Table 32 Market Size, By the UV Curing Application, 2014–2020 (USD Million)
Table 33 Global UV Curing Market Size, By Technology, 2014–2020 (USD Thousand)
Table 34 Global UV LED Market Size for the Lithography Application, By Technology, 2014–2020 (USD Thousand)
Table 35 Global Market Size for the Nlos Communication Application, By Technology, 2014–2020 (USD Thousand)
Table 36 Market Size, By the Medical and Scientific Application, 2014–2020 (USD Million)
Table 37 Global Market Size for the Medical and Scientific Application, By Technology, 2014–2020 (USD Million)
Table 38 Global Market Size for the Phototherapy Application, By Technology, 2014–2020 (USD Thousand)
Table 39 Global Market Size for the Sensing Application, By Technology, 2014–2020 (USD Thousand)
Table 40 Global Market Size for the Equipment Sterilization Application, By Technology, 2014–2020 (USD Million)
Table 41 Global UV LED Market Size for the R&D Application, By Technology, 2014–2020 (USD Thousand)
Table 42 Global UV LED Market Size for the Teeth Brightening Application, By Technology, 2014–2020 (USD Thousand)
Table 43 Global Market Size for the Tanning Application, By Technology, 2014–2020 (USD Thousand)
Table 44 UV LED Market Size, By the Sterilization Application, 2014–2020 (USD Million)
Table 45 Global Market Size for the Sterilization Application, By Technology, 2014–2020 (USD Million)
Table 46 UV LED Market Size for the Sterilization Application, By Type, 2014–2020 (USD Million)
Table 47 Global Market Size for the Disinfection Application, By Technology, 2014–2020 (USD Million)
Table 48 Global UV LED Market Size for the Consumer Sterilization Application, By Technology, 2014–2020 (USD Thousand)
Table 49 Global Market Size for the Residential Sterilization Application, By Technology, 2014–2020 (USD Thousand)
Table 50 Global UV LED Market Size for the Commercial Sterilization Application, By Technology, 2014–2020 (USD Million)
Table 51 Global Market Size for the Deodorization Application, By Technology, 2014–2020 (USD Thousand)
Table 52 UV LED Market Size, By the Security Application, 2014–2020 (USD Million)
Table 53 Global UV LED Market Size for the Security Application, By Technology, 2014–2020 (USD Thousand)
Table 54 Global Market Size for the Counterfeit Detection Application, By Technology, 2014–2020 (USD Thousand)
Table 55 Global Market Size for the Forensic Application, By Technology, 2014–2020 (USD Thousand)
Table 56 Global Market Size, 2014–2020 (USD Million)
Table 57 Global Market Size, By Region, 2014–2020 (USD Million)
Table 58 North America: UV LED Market Size, By Country, 2014–2020 (USD Million)
Table 59 North America: Market Size, By Application, 2014–2020 (USD Million)
Table 60 Global UV LED Market Size for Industrial Application, By Region, 2014–2020 (USD Million)
Table 61 Europe: UV LED Market Size, By Country, 2014–2020 (USD Million)
Table 62 Europe: Market Size, By Application, 2014–2020 (USD Million)
Table 63 Global UV LED Market Size for Medical and Scientific Application, By Region, 2014–2020 (USD Million)
Table 64 APAC: UV LED Market Size, By Country, 2014–2020 (USD Million)
Table 65 APAC: Market Size, By Application, 2014–2020 (USD Million)
Table 66 Global UV LED Market Size for Sterilization Application, By Region, 2014–2020 (USD Million)
Table 67 RoW: UV LED Market Size, By Region, 2014–2020 (USD Million)
Table 68 RoW: Market Size, By Application, 2014–2020 (USD Million)
Table 69 Global UV LED Market Size for Security Application, By Region, 2014–2020 (USD Million)
Table 70 Global Market Ranking, By Key Player, 2014
Table 71 New Product Developments, 2011–2014
Table 72 Partnerships, Agreements, and Joint Ventures, 2011-2014
Table 73 Acquisitions, 2011-2014
Table 74 Expansions, 2011-2014


List of Figures (103 Figures)

Figure 1 Markets Covered
Figure 2 Research Design
Figure 3 Industry Growth By Increasing Number of Manufacturers
Figure 4 Increasing Demand for UV LED Application From 2009 to 2015
Figure 5 Rise in the Consumption of Water is Increasing the Use of Water Purification Application, 2014
Figure 6 Changes in Product Development Launches (2012–2015)
Figure 7 Bottom-Up Approch
Figure 8 Top-Down Approch
Figure 9 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 10 Market Breakdown and Data Triangulation
Figure 11 Assumptions of the Research Study
Figure 12 UV LED Market Size, 2014–2020 (USD Million)
Figure 13 Market, By Technology, 2015-2020 (USD Million)
Figure 14 Market, By Application, 2014 vs 2020 (USD Million)
Figure 15 Market, By Geography, 2014–2020 (USD Million)
Figure 16 Asia-Pacific Countries are Expected to Grow at A High Cagr in the Market From 2015 to 2020
Figure 17 Attractive Market Opportunities in the UV LED Market (2014-2020)
Figure 18 UV-A has the Largest Share in the Market (2014-2020)
Figure 19 Asia-Pacific Region has the Largest Share in the UV LED Market (2014-2020)
Figure 20 Asia-Pacific Region to Experience the Fastest Growth in the Market (2014-2020)
Figure 21 Industrial Application Expected to Continue to Dominate the Market During the Forecast Period (2015-2020)
Figure 22 North American Region Held the Highest Share in 2014
Figure 23 Market is Expected to Grow at the Highest Cagr in the Asia-Pacific Region (2014-2020)
Figure 24 Benefits of UV LED Technology
Figure 25 Evolution of Ultra Violet LED
Figure 26 Global UV LED Market Segmentation, By Technology
Figure 27 Global Market Segmentation, By Application
Figure 28 UV LED Market: Drivers, Restraints, Opportunities and Challenges
Figure 29 Value Chain Analysis
Figure 30 Porter’s Five Force Analysis
Figure 31 Bargaining Power of Buyers and Intensity of Competitive Rivalry Forces are Expected to Highly Impact the Market
Figure 32 Bargaining Power of Buyers
Figure 33 Threat of Substitutes
Figure 34 Bargaining Power of Suppliers
Figure 35 Threat of New Entrants
Figure 36 Intensity of Competitive Rivalry
Figure 37 New Product Development Was the Major Strategy Adopted By Industry Players (2012–2014)
Figure 38 Technology Market Scope of UV LED
Figure 39 Global UV LED Market, By Technology, 2015–2020 (USD Million)
Figure 40 UVA LED Market, By Application, 2015–2020 (USD Million)
Figure 41 UVA LED Market, By the Industrial Application, 2015–2020 (USD Million)
Figure 42 UVA LED Market, By the Medical and Scientific Application, 2015–2020 (USD Million)
Figure 43 UVA LED Market, By the Sterilization Application, 2015–2020 (USD Million)
Figure 44 UVA LED Market, By the Security Application, 2015–2020 (USD Million)
Figure 45 UVB LED Market, By Application, 2015–2020 (USD Thousand)
Figure 46 UVB LED Market, By the Industrial Application, 2015–2020 (USD Thousand)
Figure 47 UVB LED Market, By the Medical and Scientific Application, 2015–2020 (USD Thousand)
Figure 48 UVB LED Market, By the Sterilization Application, 2015–2020 (USD Thousand)
Figure 49 UVB LED Market, By the Security Application, 2015–2020 (USD Thousand)
Figure 50 Benefits of UVC in Different Applications
Figure 51 UVC LED Market, By Application, 2015–2020 (USD Thousand)
Figure 52 UVC LED Market, By the Industrial Application, 2015–2020 (USD Thousand)
Figure 53 UVC LED Market, By the Medical and Scientific Application, 2015–2020 (USD Thousand)
Figure 54 UVC LED Market, By the Sterilization Application, 2015–2020 (USD Thousand)
Figure 55 UVC LED Market, By the Security Application, 2015–2020 (USD Thousand)
Figure 56 Market Scope of UV LED
Figure 57 Global Market, By Application, 2015–2020 (USD Million)
Figure 58 UV LED Market, By the Industrial Application, 2015–2020 (USD Million)
Figure 59 Global Market for the Industrial Application, By Technology, 2015–2020 (USD Million)
Figure 60 UV LED Market, By the Medical and Scientific Application, 2015–2020 (USD Million)
Figure 61 Global Market for the Medical and Scientific Application, By Technology, 2015–2020 (USD Million)
Figure 62 UV LED Market, By the Sterilization Application, 2015–2020 (USD Million)
Figure 63 Global Market for the Sterilization Application, By Technology, 2015–2020 (USD Million)
Figure 64 UV LED Market, By the Security Application, 2015–2020 (USD Million)
Figure 65 Global Market for the Security Application, By Technology, 2015–2020 (USD Thousand)
Figure 66 Global Market, 2014–2020 (USD Million)
Figure 67 UV LED Market, By Geography
Figure 68 Asia-Pacific – Fastest Growing Region, 2015-2020
Figure 69 Global Market, By Region, 2015–2020 (USD Million)
Figure 70 U.S. Commands the Major Market Share of UV LED Market (2020)
Figure 71 North America: UV LED Market, By Country, 2015–2020 (USD Million)
Figure 72 North America: Market, By Application, 2015–2020 (USD Million)
Figure 73 Global Market for the Industrial Application, By Region, 2015–2020 (USD Million)
Figure 74 The U.K. Contributes Highest Share in the European UV LED Market, 2015
Figure 75 Europe: UV LED Market, By Country, 2015–2020 (USD Million)
Figure 76 Europe: Market, By Application, 2015–2020 (USD Million)
Figure 77 Global UV LED Market for the Medical and Scientific Application, By Region, 2015–2020 (USD Million)
Figure 78 Asia-Pacific Region is Estimated to Grow at the Highest Rate in Market (2015-2020)
Figure 79 APAC: UV LED Market, By Country, 2015–2020 (USD Million)
Figure 80 APAC: Market, By Application, 2015–2020 (USD Million)
Figure 81 Global UV LED Market for the Sterilization Application, By Region, 2015–2020 (USD Million)
Figure 82 South America to Grow at A Higher Rate (2015-2020)
Figure 83 RoW: UV LED Market, By Region, 2015–2020 (USD Million)
Figure 84 RoW: Market, By Application, 2015–2020 (USD Million)
Figure 85 Global Market for the Security Application, By Region, 2015–2020 (USD Million)
Figure 86 Companies Adopted New Product Development as the Key Growth Strategy Between 2012 and 2014
Figure 87 LG Electronics Inc. Grew at the Highest Rate Between 2012 and 2014
Figure 88 Market Evolution Framework—New Product Development has Fueled Growth and Innovation Between 2013 and 2014
Figure 89 Battle for Market Share: New Product Developments Was the Key Strategy
Figure 90 Geographic Revenue Mix of the Top Five Market Players
Figure 91 Competitive Benchmarking of the Key Market Players (2012–2014): LG Electronics Emerged as the Champion Owing to Its Diversified Product Portfolio
Figure 92 LG Electronics Inc.: Company Snapshot
Figure 93 LG Electronics Inc.: SWOT Analysis
Figure 94 Koninklijke Philips N.V.: Company Snapshot
Figure 95 Koninklijke Philips N.V.: SWOT Analysis
Figure 96 Hφnle Group: Company Snapshot
Figure 97 Hφnle Group: SWOT Analysis
Figure 98 Nordson Corporation: Company Snapshot
Figure 99 Nordson Corporation: SWOT Analysis
Figure 100 Semileds Corporation: Company Snapshot
Figure 101 Semileds Corporation: SWOT Analysis
Figure 102 Halma PLC.: Company Snapshot
Figure 103 Heraeus Holding GmbH: Company Snapshot

The UV LED technology is used in various applications such as industrial, medical & scientific, sterilization, and security. Several companies are investing heavily in the research and development of innovative UV LED devices because of its lucrative growth potential. Various applications of the UV LED market such as curing, printing, forensic, coating, R&D, disinfection, counterfeit detection, deodorization, and others mainly use wavelengths from 100 to 400nm. The market is expected to grow rapidly in the coming years; the market is expected to reach USD 369.58 Million by 2020, at a considerable CAGR of 23.17% between 2015 and 2020.

UV LED can be segmented on the basis of the technology types, namely, UVA, UVB, and UVC. The UVA comprises wavelength range between 320-400nm and has high adoption rate because of the presence of variety of UVA applications such as counterfeit detection, UV curing, forensics, and so on. They also have the capability to serve number of existing and new applications. The UVC technology is growing with the highest growth rate of 34.70% in the UV LED market. In this report UV LED applications such as industrial, medical & scientific, security and sterilization are considered. The industrial segment has a major share in the market owing to its capability to provide better performance, in terms of printing, curing, coating and so on. The sterilization market is expected to grow rapidly in the coming years given the increasing growth of UV LED applications such as disinfection and deodorization.

This report describes market trends, drivers, and challenges for the market and forecasts the UV LED market size for the period between 2015 and 2020, on the basis of technology, application, and geography. The company profiles include the company overview, products & services, and the recent developments. This report covers regions such as North America, Europe, APAC, and RoW (Rest of the World).

UV LED Market

The growth of the UV LED market is driven by the availability of advanced UV LED devices such as evolution of mercury lamp to UV LED lamp and the increasing demand for UV LED in the disinfection and curing applications. The APAC region held the largest share in market, followed by the North America region.

Some of the major companies present in the market are LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Honle Group (Germany), Nordson Corporation (U.S.), SemiLEDs Corporation (Taiwan), Halma Plc (U.K.), Heraeus Holding GmbH (Germany), Crystal IS Inc. (U.S.), Seoul Viosys Co, Ltd. (South Korea), Sensor Electronics Technology Inc. (U.S.), and Nichia Corporation (Japan) among others.

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