Report Description

Global UV LED Market, By Technology (UV-A LED, UV-B LED and UV-C LED), By Application (Curing, Disinfection and Purification, Medical and Others), By Company and By Geography, Forecast & Opportunities, 2024

Global UV LED Market is projected to reach USD 4.2 Billion by 2024, at a CAGR of over 24% during 2020-2024. The major factors propelling the growth of the market are emergence of the new technologies across the globe, growing number of government policies that advocate energy savings and rising set of applications of the UV LED technology. Based on technology type, the market has been segmented into UV-A LED, UV-B LED and UV-C LED. In 2018, the UV-A LED segment dominate the market and UV-C LED is expected to dominate the market during the forecast period owing to increasing adoption of advanced disinfection & purification systems. Based on application, the market has been segmented into Curing, Disinfection and Purification, Medical and Others. In 2018, the UV Curing segment dominated the market owing to its increased adoption in application areas such as printing, adhesives, and coating, among others. Whereas, disinfection & purification segment is anticipated to dominate the overall segment during the forecast period owing to rising need to curb water and air borne diseases with the help of these advanced UV LED based disinfection and purification systems. The key players in the market are Crystal IS, DOWA Electronics Materials Co., Ltd., Nikkiso co. ltd., Nichia Corporation, among others.

Years considered for this report:

Historical Year : 2014-2017

Base Year : 2018

Estimated : 2019

Forecast : 2020-2024

Objective of the Study:
  • To analyse and forecast the market size of UV LED Market, in terms of value.
  • To classify and forecast Global UV LED Market based on technology, application and regional distribution.
  • To identify drivers and challenges for Global UV LED Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global UV LED Market.
  • To conduct the pricing analysis for UV LED Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global UV LED Market.

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Some of the leading players in the Global UV LED Market are Crystal IS, DOWA Electronics Materials Co., Ltd., Nikkiso co. ltd., Nichia Corporation, Philips Lighting, Phoseon Technology, SemiLEDs Corporation, Seoulviosys Co., Ltd. etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of Global UV LED Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • UV LED Manufacturers
  • Suppliers and Distributors
  • Raw material suppliers
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global UV LED Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Technology:
    • UV-A LED
    • UV-B LED
    • UV-C LED
  • Market, By Application:
    • Curing
    • Disinfection and Purification
    • Medical
    • Others
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in UV LED Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

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