UV LED Market Size, Share, Trends

Updated on : September 19, 2024

UV LED Market Size & Share

[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 Statistics Forecast to 2028

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UV LED Market Trends:

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 size 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 Segmentation

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.

UV LED Market Regional Analysis

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

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 size, 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 share 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 companies .

UV LED Market Report Scope :

UV LED Market Trends & Highlights

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

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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