Global UV LED Market Report and Forecast 2024-2032

Global UV LED Market Size

The global UV LED market value stood at a value of around USD 0.78 billion in 2023. The market is further expected to grow at a CAGR of 21.8% in the forecast period of 2024-2032 to attain a value of USD 4.58 billion by 2032.

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Global UV LED Market Growth

The growth of the UV LED market is propelled by UV LED's versatile applications across industries like water treatment, optical data storage, polymer curing, and biological agent detection. These are semiconductor devices that convert electrical energy into ultraviolet light. These LEDs operate at temperatures below 100 degrees Fahrenheit and. Offering extended operational lifespans and eco-friendliness compared to traditional mercury UV lamps, UV LEDs are becoming increasingly significant in various sectors.

Global UV LED Market Analysis

UV LED technology began evolving in the late 1990s with advancements in gallium nitride (GaN) and aluminium gallium nitride (AlGaN) semiconductors, enabling UV light emission. Recent progress has led to UV LEDs capable of emitting in the UVB (280-315 nm) and UVC (100-280 nm) ranges, crucial for applications such as sterilisation and disinfection is driving the UV LED market revenue.

This technology has benefited from continuous research and innovation focused on enhancing efficiency, reducing costs, and exploring new uses. UV LEDs offer advantages over traditional UV light sources like mercury lamps, including lower power consumption, longer operational life, compact size, and absence of toxic mercury.

Global UV LED Industry Outlook

There is a growing demand for UV LED’s for horticulture and gardening applications. The average household spends about USD 616 on lawn and gardening activities a year, based on the 2023 National Gardening Survey. This number shows that about 80% of American households participated in gardening in 2022.

In China, having a garden on the balcony has become a demand of many city dwellers. According to the China Flower Association, China's flower retail market reached 34 billion US dollars in 2021, up 17-point-5 per cent from 2020. Data shows the overall sales of the horticulture industry increased by nearly 20 per cent year-on-year in 2022.

The UV LED market dynamics and trends are seeing growth due to its role in counterfeit detection. Counterfeit goods impose a substantial economic burden on Europe, costing the clothing, cosmetics, and toy sectors approximately €16 billion annually and leading to nearly 200,000 job losses. Counterfeits hardest hit Germany in clothing and toys, while France suffers most in cosmetics. The clothing sector alone loses nearly €12 billion annually, equivalent to 5.2% of sales, with cosmetics losing €3 billion (4.8% of sales) and toys €1 billion (8.7% of sales). This illicit trade significantly reduces job opportunities, resulting in 160,000 fewer jobs in clothing, 32,000 in cosmetics, and 3,600 in toys.

UV LEDs offer enhanced energy efficiency and longer lifespans than traditional UV lamps, reducing operational costs, and driving the UV LED market revenue.

• They are mercury-free and generate less heat, aligning with environmental regulations and sustainability goals.

• UV LEDs find applications in curing, disinfection, counterfeit detection, and medical treatments, broadening UV LED market opportunities.

The higher upfront investment for UV LED technology may hinder adoption, especially in price-sensitive markets.

• The UV wavelength range of LEDs is narrower than that of traditional UV lamps, limiting some specialized applications.

• Ongoing R&D investments are crucial to keep pace with rapid technological advancements.

Growing demand in medical and healthcare sectors for sterilization and therapeutic uses of UV LEDs.

• Expansion opportunities in UV LED displays, sensors, and phototherapy devices.

• Favourable regulations promoting energy-efficient and eco-friendly technologies boost the demand of the UV LED market.

Intense competition from traditional UV lamps and emerging technologies poses a challenge to market penetration.

• Vulnerabilities in global supply chains affecting the availability of raw materials and components.

• A fragmented market with numerous players offering similar products leads to pricing pressures and margin challenges.

Key Players in the Global UV LED Market and their Strategic Initiatives

Nichia Corporation

• Pioneered the development of UV-C LEDs.

• Focuses on sustainable and eco-friendly production processes.

Seoul Viosys Co., Ltd.

• Formed strategic partnerships to integrate UV LEDs.

• The increasing global UV LED demand growth is driving the expansion of production capacities of the company.

LG Innotek Co., Ltd.

• Leveraged its strong electronics manufacturing capabilities.

• Focused on miniaturization and integration of UV LEDs into compact devices.

Crystal IS, Inc.

• Invested in proprietary aluminium nitride (AlN) substrate technology.

• The demand for UV LEDs in the market is prompting the company to prioritize quality control and rigorous testing.

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Global UV LED Industry Segmentation

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

Market Breakup by Type

• UV-A

• UV-B

• UV-C

Market Breakup by Application

• Curing

• Disinfection/Purification

• Indoor Gardening

• Counterfeit Detection

• Others

Market Breakup by End-Use Industry

• Healthcare and Medical

• Agriculture

• Residential

• Industrial

• Commercial 

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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UV LED Market Share

UV LEDs are being adopted in various industry verticals due to the growing environmental concerns globally. Conventional UV lamps, such as mercury and amalgam, are associated with short life and high power consumption and are also known to contain chemical components, such as ozone, that are harmful to the human body. In this regard, UV LEDs offer an eco-friendly alternative as they do not contain harmful chemical components and require low energy.

Furthermore, increasing demand for safe drinking water is being observed in various regions of the world due to the steadily increasing population, which is expected to reach 9.7 billion by 2050, according to the UN statistics boosting the growth of the UV LED industry.

Leading Companies in the UV LED Market

The companies specialise in precision technology solutions across a range of industries including electronics, medical devices, packaging, and industrial coatings. It offers essential manufacturing processes that improve global product quality, efficiency, and reliability.

• Nordson Corporation

• Lumileds Holding B.V.

• Nichia Corporation

• OSRAM GmbH

Key Highlights of the Report

UV LED Market Report Snapshots

UV LED Market Size

UV LED Market Growth

UV LED Market Analysis

UV LED Market Share

UV LED Companies