IMARC Group, a leading market research company, has recently releases report titled “UV LED Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global UV LED market growth, size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of UV LED
An ultraviolet (UV) light-emitting diode (LED) is a semiconductor device that emits ultraviolet UV light when an electric current passes through it. It can emit light in various UV spectra, including UVA, UVB, and UVC, depending on their design and materials. It is a solid-state and durable device that produces minimal heat during operation, making it suitable for temperature-sensitive applications. It is energy-efficient and has a longer operational life compared to conventional UV sources. It is available in small, compact sizes, allowing for versatile integration in various systems. It consumes less energy compared to traditional UV lamps, resulting in lower operational costs. It helps create special effects in entertainment lighting, such as blacklight illumination in clubs and theaters. It is widely used for water and air disinfection, surface sterilization, and in healthcare settings to eliminate pathogens. Besides this, it is also utilized in non-destructive testing for flaw detection in materials and counterfeit currency detection. Moreover, as it is eco-friendly and contains no harmful hazards, the demand for UV LED is increasing across the globe.
How Big Is the UV LED Market?
The global UV LED market size reached US$ 674.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,768.3 Million by 2028, exhibiting a growth rate (CAGR) of 16.1% during 2023-2028.
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What are the growth prospects and trends in the UV LED industry?
The increasing awareness among the masses about the harmful effects of traditional mercury-based UV lamps represents one of the primary factors driving the adoption of UV LEDs. Additionally, the expanding applications of UV LEDs in agriculture and horticulture are facilitating the market growth.
UV LED technology can influence plant growth and pest control, offering energy-efficient alternatives to traditional methods. Furthermore, the emergence of UV LED-based 3D printing technologies is enabling the precise and rapid curing of UV-sensitive resins, thus stimulating the market growth further.
Moreover, the rising utilization of UV LEDs in phototherapy for treating skin conditions like psoriasis and in the disinfection of medical equipment and surfaces is driving its demand across the globe. Besides this, various leading manufacturers are developing compact and specialized UV LED modules to cater to a diverse range of applications, including wearable devices, consumer electronics, and automotive components.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- UV-A
- UV-B
- UV-C
Material Insights:
- Silicon Carbide (SiC)
- Gallium Nitride (GaN)
- Sapphire
- Others
Application Insights:
- Curing
- Disinfection/Purification
- Indoor Gardening
- Counterfeit Detection
- Others
Industry Vertical Insights:
- Healthcare and Medical
- Agriculture
- Residential
- Industrial
- Commercial
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Asahi Kasei Corporation, Dr. Hönle AG, FUJIFILM Corporation, Heraeus Holding GmbH, Koninklijke Philips N.V., Lumileds Holding B.V., Nichia Corporation, Nordson Corporation, Osram Licht AG (ams AG), Phoseon Technology, SemiLEDs Corporation, Seoul Semiconductor Co. Ltd
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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