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Report Overview

The Asia Pacific UV LED market reached around USD 361.37 Million in 2023. The market is projected to grow at a CAGR of 15.60% between 2024 and 2032 to reach nearly USD 1332.21 Million by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • India is expected to have 300 million new residents in its urban areas by 2050.
  • India is expected to grow at a rate of 7.5% by 2025-26.
  • The urban population of the Philippines is expected to grow by 50% by 2050.
Asia Pacific UV LED Market Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2023
Forecast Period USD Million 2024-2032
Market Size 2023 USD Million 361.37
Market Size 2032 USD Million 1,332.21
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 15.6%
CAGR 2024-2032 - Market by Country India 16.1%
CAGR 2024-2032 - Market by Country China 15.7%
CAGR 2024-2032 - Market by Technology UV-C 16.7%
CAGR 2024-2032 - Market by End Use Industrial 16.2%
2023 Market Share by Country Australia 5.2%

Asia Pacific UV LED Market Growth

As per the United Nations Department of Economic and Social Affairs, nearly 35% of growth in the global urban population is expected to be concentrated in just a few countries, including India, China, and Nigeria. By 2025, India’s real estate sector is expected to contribute nearly 13% to the domestic GDP and reach a size of nearly $1 trillion by 2030. This is expected to raise significant concerns regarding sustainable development, as buildings account for nearly 40% of energy use, 20% of water effluents, and 24% of domestic carbon emissions annually. UV LEDs are expected to replace UV lamps in a wide range of applications, primarily including disinfection, thereby driving market growth over the forecast period.

To cater to the increasing passenger demand for vegetarian items, airlines operating in the Middle East are establishing partnership agreements with vertical farming companies that operate near the airport and grow leafy vegetables in huge quantities. For instance, the EC01 facility in Dubai is the world's largest vertical farming facility that produces 900 tonnes of lettuce while using 95% less water than conventional methods of crop cultivation. The presence of extreme climatic conditions in the region is expected to increase the growth of vertical farming. Vertical farming involves crop cultivation in layers through LED lighting indoors under controlled nutrition and growing systems. This is expected to drive market expansion in the coming years.

Compound Annual Growth Rate

Value in USD Million

15.6%

2024-2032


Asia Pacific UV Led Market Outlook

*this image is indicative*

Key Trends and Developments

Rising appeal for deep-UV LEDs; integration of UV LEDs into the automotive sector; significant demand for durable UV LEDs; and growing demand for UV printers are the major trends impacting the Asia Pacific UV LED market growth

April 22, 2024

Japan-based Toyoda Gosei Co., Ltd. developed a UV-C LED light that achieves an output of 200 milliwatts upon application of a current of 360 milliamperes.

January 16, 2023

Nichia Corporation started the production of 280nm NCSU434C (UV-C LEDs) with a radiant flux of 110mW at 350mA for applications like air purification and industrial wastewater treatment.

September 15, 2022

The Seoul Semiconductor Co., Ltd. installed UV-C disinfection technology solution, Violeds, to Genesis, a leading producer of luxury vehicles worldwide to improve the levels of hygiene and sanitation within automobiles.

July 27, 2021

Stanley Electric’s 265nm UV-C LED was successfully tested for deactivations of coronavirus by Yamaguchi University, Japan.

Rising appeal for deep-UV LEDs

The rising appeal for deep-UV LEDs that can be easily integrated into small household appliances such as humidifiers, water purifiers and UV light cabinets to improve the maintenance of hygiene within households is aiding the market.

Integration of UV LEDs into the automotive sector

There is a growing integration of UV LEDs into the automotive sector to enhance vehicle safety and design which builds brand image for automobile manufacturers.

Improvements in UV LED cooling technologies

Improvements in UV LED cooling technologies aimed at significantly improving the performance and durability of UV LEDs while resulting in cost savings are fuelling the market.

Growing demand for UV printers

The demand for customised, high-quality packaging materials is fuelling the demand for UV printers, thereby driving the market growth.

Asia Pacific UV LED Market Trends

UV LEDs generate a significant amount of heat during their operation. Technological advancements have enabled the integration of modern cooling systems into advanced UV light curing equipment, which has reduced the risk of damage to sensitive materials and improved the durability of such systems. This has reduced the need for frequent maintenance of such devices, thereby driving the market growth.

Asia Pacific UV LED Industry Segmentation

Asia Pacific UV LED Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by UV LED Type

  • UV-A
  • UV-B
  • UV-C

Market Breakup by Power Output

  • Below 1W
  • 1W-5W
  • Above 5W

Market Breakup by Application

  • UV Curing
  • Medical
  • Scientific
  • Disinfection
  • Agriculture

Market Breakup by End Use

  • Residential
  • Commercial
  • Industrial

Market Breakup by Country

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
CAGR 2024-2032 - Market by Country
India 16.1%
China 15.7%
Japan XX%
ASEAN XX%
Australia XX%
Others XX%

Asia Pacific UV LED Market Share

Based on country, the market is segmented into China, Japan, India, ASEAN, and Australia, among others. Over the forecast period of 2024-2032, India is expected to grow at a CAGR of 16.1%. The increasing adoption of UV LED technology in India is primarily driven by its utilisation in water purification, healthcare, and various industrial processes. The technology's energy efficiency, minimal maintenance requirements, and environmentally friendly characteristics are propelling its integration into sectors such as electronics, printing, and sanitation.

Leading Companies in the Asia Pacific UV LED Market

UV LEDs are expected to find increasing application in the production of UV LED printers since they offer numerous advantages over conventional printing technologies. This includes faster drying times, lesser environmental impact, and high-quality output.

  • Nichia Corporation
  • Seoul Viosys Co., Ltd.
  • STANLEY ELECTRIC CO., LTD.
  • OptoSupply Limited
  • ams-OSRAM AG
  • Fujifilm Corporation
  • Excelitas Noblelight GmbH
  • Excelitas Technologies Corp.
  • Lumileds Holding B.V.
  • LG Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 361.37 Million.

The market is assessed to grow at a CAGR of 15.60% between 2024 and 2032.

The market is estimated to reach around USD 1332.21 Million by 2032.

The different types of UV LEDs in the market are UV-A, UV-B, and UV-C.

The various power output of UV LEDs are below 1W, 1W-5W, and above 5W.

The different applications of UV LEDs are UV curing, medical, scientific, disinfection, and agriculture.

The different countries covered in the market report are China, Japan, India, ASEAN, and Australia, among others.

The key players in the market are Nichia Corporation, Seoul Viosys Co., Ltd., STANLEY ELECTRIC CO., LTD., OptoSupply Limited, ams-OSRAM AG, Fujifilm Corporation, Excelitas Noblelight GmbH, Excelitas Technologies Corp., Lumileds Holding B.V., and LG Corporation, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • LED Type
  • Power Output
  • Application
  • End Use
  • Region
Breakup by LED Type
  • UV-A
  • UV-B
  • UV-C
Breakup by Power Output
  • Below 1W
  • 1W-5W
  • Above 5W
Breakup by Application
  • UV Curing
  • Medical Scientific
  • Disinfection
  • Agriculture
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nichia Corporation
  • Seoul Viosys Co., Ltd.
  • Stanley Electric Co., Ltd.
  • OptoSupply Limited
  • ams-OSRAM AG
  • Fujifilm Corporation
  • Excelitas Noblelight GmbH
  • Excelitas Technologies Corp.
  • Lumileds Holding B.V.
  • LG Corporation
  • Others

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124