According to Future Market Insights, the global UV LED market is expected to reach US$ 583 million in 2023 and US$ 3.2 billion by 2033, expanding at a CAGR of 18.6%. Demand for sterilization in the environment as well as the growth in the healthcare sector will drive demand for UV LEDs.
UV LEDs are becoming increasingly popular in consumer electronics. Devices with UV-C LEDs are commonly used in portable disinfection devices, such as tablets, smartphones, and other personal equipment. It is expected that UV LED-based consumer products will expand further as awareness about cleanliness and hygiene increases.
A UV LED can be used to detect and sense a wide variety of materials for a variety of sensing and detection applications. A variety of chemical compounds, pollutants, and biological agents can be detected and measured using them. Advances in UV sensors may allow enhanced environmental monitoring and safety measures in the future.
Traditional UV lamps contain mercury, which can cause environmental problems. UV LEDs do not contain mercury, which is considered a more environmentally friendly alternative. Their energy efficiency, long lifespan, and low heat production make them an ideal choice. Due to the need for eco-friendly lighting solutions, UV LEDs are expected to grow as sustainability becomes a priority for businesses and consumers.
The use of UV LEDs in medical and healthcare applications has the potential to transform these fields. Phototherapy for certain skin conditions can be performed with these devices. They can be used to disinfect medical instruments, heal wounds, and disinfect wounds. For improved diagnosis and treatment, UV LEDs are being explored for use in advanced medical imaging techniques, such as fluorescence microscopy.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | US$ 583 million |
| Anticipated Forecast Value (2033) | US$ 3.2 billion |
| Projected Growth Rate (2023 to 2033) | CAGR of 18.6% |
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Based on FMI’s data, the UV LED market growth was worth 21.5% in value CAGR terms between 2018 and 2022. The industry is expected to grow at a CAGR of 18.6% between 2023 and 2033. Governments are implementing standards and regulations that address energy efficiency, environmental protection, and health and safety. In addition to reducing energy consumption and making lighting safer, these regulations are likely to reinforce the popularity of UV LED technology.
A significant amount of investment, partnerships, and collaborations are taking place in the UV LED market. UV LEDs are being improved and developed for better performance, efficiency, and application areas, as well as to reduce production costs. Innovation and market growth are expected to be driven by partnerships among technology providers, manufacturers, and end users.
With the advancements in UV LED technology, devices and systems are becoming miniaturized and integrated. UV LED-based products are available in a variety of sizes and weights, enabling the development of wearable devices, IoT (Internet of Things) systems, and point-of-care medical devices.
UV (Ultraviolet) LED technology has seen significant growth and demand in recent years. Compared to traditional UV lamps, UV LEDs offer better energy efficiency, a longer lifespan, a compact size, and the ability to switch on and off instantly. As a result of these factors, UV LED technology is becoming increasingly popular across a variety of sectors.
UV LEDs are used in curing and drying processes, which is one of the primary drivers for their growth. In UV curing systems, UV LEDs are widely used for a variety of applications, including printing, coatings, adhesives, and 3D printing. As a more sustainable and efficient curing solution, UV curing using LEDs saves energy and generates less heat than traditional curing methods.
Disinfection and sterilization are also gaining traction in the UV LED market. LEDs with UV-C, in particular, have gained considerable attention because they are effective in deactivating viruses, bacteria, and other pathogens. Healthcare facilities, water treatment plants, food processors, and consumer products such as air purifiers and portable sterilizers are now using UV-C LED-based disinfection systems to maintain water quality. Increasing regulatory requirements, technological advancements, declining LED prices, and increasing awareness of UV LED technologies are all factors that contribute to the growth of the UV LED market.
Limitations of the Market for UV LED
Principal Consultant
North America is Set to Capture Lion's Share in the Global UV LED Market
By 2033, Future Market Insights anticipates that UV LEDs will be worth US$ 870.4 million in North America. UV LED curing systems in the printing industry have driven the growth of the North American UV LED market. UV LED curing systems are expected to be the biggest market in North America during the forecast period. As demand for UV LEDs increases for air and water purifiers, the UV LED market is expected to grow.
As skin care treatments and air purifiers become more popular in smart homes, the UV LED market continues to grow. Recent years have seen a significant growth in the use of ultraviolet (UV) LEDs across a wide variety of industries. In addition to curing, disinfecting, detecting counterfeits, and phototherapy, UV LEDs are used for a variety of purposes.
Energy-efficient lighting, technological advancements, and the need for effective disinfection methods have all contributed to the demand for UV LEDs in the United States. According to the forecast, the United States is expected to hold 58% of the market share, and is expected to progress at a CAGR of 17.3% until 2033.
Water Purification Technologies Will Continue to Grow Demand for UV LED Market
A significant share of global UV LED sales is expected to come from the Asia Pacific. According to forecasts, the UV LED market in the Asia Pacific region is estimated to be worth US$ 1.56 billion by 2033. The region is expected to hold a market share of 48.9% by 2033.
A significant part of this growth can be attributed to the increased investments made by manufacturers in the region to expand and develop UV LED technology. Furthermore, the rapid growth of the population in the region along with the heightened need for water purification and sterilization also aids the market's growth.
China dominates the UV LED market in the Asia Pacific region. Among the driving factors behind the Asia Pacific market's growth is the country's large population and robust manufacturing sector. As UV LED technology becomes more prevalent in various industries, including electronics, automotive, and manufacturing, China focuses on energy efficiency and environmental safety. The Chinese economy is expected to grow at a 20.2% CAGR from 2023 to 2033.
More than 2.2 billion people lack access to safe drinking water worldwide, according to the World Bank's Global Water Security and Sanitation Partnership Annual Report. Approximately 20-30% of global water demand will increase by 2050. As a result of these factors, the market is expected to grow positively over the forecast period.
Market Development of Water and Air Purification Devices is Expected to stimulate Demand
A number of industries have recognized the potential of UVC LEDs for germicidal and disinfection applications because UVC LEDs emit ultraviolet light in the 200-280 nanometer range. From 2023 to 2033, UVC is expected to grow at a CAGR of 18.3%.
Healthcare, water treatment, air purification, and food processing are some of the industries that have benefited from UVC LEDs. With UVC LEDs, several advantages can be gained over traditional UVC lamps. For instance, these LEDs consume less power, last a longer period of time, are compact, and can be turned on and off instantly.
UVC LEDs also disinfect surfaces and air, so they're great for water and surfaces. HAVC (heating, ventilation, and air conditioning) air purifiers with UV-C LEDs are popping up in commercial buildings. In addition to residential and commercial areas, UV-C LEDs find applications in healthcare, life sciences, transportation, defense, and emergency response.
UV LED Devices in the Industrial Sector is expected to Increase Demand in the Market
According to market analysts, industrial applications will drive UV LED demand. From 2023 to 2033, the market is expected to grow at a CAGR of 18%. With more industries recognizing the benefits of UV LEDs and developing innovative applications, UV LED demand is expected to continue to grow.
UV Curing is the process of drying inks, coatings, adhesives, and other materials quickly. In printing, electronics manufacturing, automotive, and wood coating applications, UV LEDs provide precise and controllable curing capabilities. UV LEDs are used for industrial inspection and non-destructive testing to detect flaws, contamination, and invisible markings. Forensics applications, counterfeit detection applications, and quality control applications are some of the most useful applications.
Medical application of UV LEDs includes treatment of skin conditions such as psoriasis, vitiligo, and atopic dermatitis using phototherapy. A dental curing unit is also used to cure dental composites and adhesives in the market.
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Startups are crucial to creating opportunities in the UV LED market. The stabilization of the market is one of the primary factors contributing to the expansion of this market. It is estimated that there are a handful of start-up companies that dominate the UV LED market.
Technology, products, and solutions are all necessary for maintaining a position of leadership in a competitive market. In terms of global market share, several key players dominate the market, contributing to market consolidation. It has been observed that high levels of market participation have been observed as a result of the excellent scope of demand.
Some of the leading companies operating in the market are:
Market Developments:
| Attribute | Details |
|---|---|
| Expected Market Value in 2023 | US$ 583 million |
| Anticipated Forecast Value in 2033 | US$ 3.2 billion |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million/billion for value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Kay Segments Covered | Technology, Application, Region |
| Key Companies Profiles | Halma Plc; Koninklijke Philips N.V.; Hoenle Group; LG Electronics Inc.; Nordson Corporation; SemiLEDs Corporation; Heraeus Holding GmbH; Crystal IS Inc.; Seoul Viosys Co., Ltd; Sensor Electronics Technology Inc. |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Public awareness of sanitization and rapid curing capabilities fuels market growth.
Asia Pacific region is likely to hold 48.9% share and lead the market.
Industrial sectors will dominate the market with a CAGR of 18% until 2033.
United States is expected to dominate the UV LED printer market.
UVC technologies dominate UV LED markets and grow at a CAGR of 18.3% by 2033.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2023 to 2033 5.3.1. UVA 5.3.2. UVB 5.3.3. UVC 5.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Industrial 6.3.1.1. UV Curing 6.3.1.2. Lithography 6.3.2. Medical and Scientific 6.3.2.1. Phototherapy 6.3.2.2. Sensing 6.3.2.3. Equipment Sterilization 6.3.2.4. Others 6.3.3. Sterilization 6.3.3.1. Disinfection 6.3.3.2. Deodorization 6.3.4. Security 6.3.4.1. Counterfeit Detection - Money & Id 6.3.4.2. Forensic Application 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Technology 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Technology 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Technology 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Technology 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Technology 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Technology 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Technology 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Technology 11.3.3. By Application 11.4. Key Takeaways 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Technology 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Technology 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Technology 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Technology 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Technology 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Technology 13.4.2.2. By Application 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Technology 13.5.2.2. By Application 13.6. U.K. 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Technology 13.6.2.2. By Application 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Technology 13.7.2.2. By Application 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Technology 13.8.2.2. By Application 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Technology 13.9.2.2. By Application 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Technology 13.10.2.2. By Application 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Technology 13.11.2.2. By Application 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Technology 13.12.2.2. By Application 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Technology 13.13.2.2. By Application 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Technology 13.14.2.2. By Application 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Technology 13.15.2.2. By Application 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Technology 13.16.2.2. By Application 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2022 13.17.2.1. By Technology 13.17.2.2. By Application 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2022 13.18.2.1. By Technology 13.18.2.2. By Application 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2022 13.19.2.1. By Technology 13.19.2.2. By Application 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2022 13.20.2.1. By Technology 13.20.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Technology 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Halma Plc 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.2. Koninklijke Philips N.V. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.3. Hoenle Group 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.4. LG Electronics Inc. 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.5. Nordson Corporation 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.6. SemiLEDs Corporation 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.7. Heraeus Holding GmbH 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.8. Crystal IS Inc. 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.9. Seoul Viosys Co., Ltd 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.10. Sensor Electronics Technology Inc. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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UV LED Market
