Global UV LED Market Growth 2023-2029

Light Emitting Diode (LED) is a solid-state semiconductor devices, which can convert the energy from an electric current into light. UV-LED is a kind of LED. Below the visible spectrum lies a band of wavelengths called ultraviolet (UV). Ranging from 100 to 400 nm, the radiation can effectively be used to sterilization, perform forensic analysis, cure materials and disinfect water, among many other applications.

Researcher's newest research report, the “UV LED Industry Forecast” looks at past sales and reviews total world UV LED sales in 2022, providing a comprehensive analysis by region and market sector of projected UV LED sales for 2023 through 2029. With UV LED sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world UV LED industry.

This Insight Report provides a comprehensive analysis of the global UV LED landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on UV LED portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global UV LED market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for UV LED and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global UV LED.

The global UV LED market size is projected to grow from US$ 891.2 million in 2022 to US$ 9611.3 million in 2029; it is expected to grow at a CAGR of 9611.3 from 2023 to 2029.

Japan is the largest UV LEDs market with about 29% market share. China is follower, accounting for about 20% market share.The key manufacturers are LG Innotek, Nichia, Philips Lumileds, Seoul Viosys, Stanley, Honle Group, Crystal IS, NIKKISO, Honglitronic, HonleTech, High Power Lighting Corp, SemiLEDS Corporation, DOWA Electronics, Lextar, InvenLux Optoelectronics, High Power Lighting Corp etc. Top 3 companies occupied about 29% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of UV LED market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

UV-A LED

UV-B LED

UV-C LED

Segmentation by application

Curing

Analytic Tools

Sterilization and Disinfection

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Stanley

Seoul Viosys

Lumileds

Honlitronics

Nichia

Crystal IS

NIKKISO

DOWA

San'an Optoelectronics

Lextar

Qingdao Jason Electric

NationStar

Lite-on

High Power Lighting Corp

Nitride Semiconductors Co.,Ltd

Key Questions Addressed in this Report

What is the 10-year outlook for the global UV LED market?

What factors are driving UV LED market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do UV LED market opportunities vary by end market size?

How does UV LED break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Frequently Asked Questions