UV LED Market by Type (UV A, UV B, and UV C), Application (UV Curing, Disinfection/Sterilization, Indoor Gardening, Counterfeit Detection, and Others) Industry Vertical (Healthcare, Agriculture, Security, Printing, Residential, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2027
| ID: VPR/SEM/130 | Publishing Year: July 2020 | Pages: 227 | Format: |
Global UV LED Market was valued at $ 387.12 million in 2019, and is expected to reach $ 1.36 Billion by 2027, registering a CAGR of 16.53% from 2020 to 2027.
UV LED is light-emitting diodes. They are a solid-state device that produces light when an electrical current is allowed to flow, they are shorter than that of visible light but longer than X-rays. UV LED is a device that emits an ultraviolet light wavelength of less than 400nm. UV LEDs do not contain toxic mercury. They are much durable and smaller than CCFLs. They are made to produce a specific narrow range of UV wavelengths. UV LED emits a light that is nearly invisible to the naked eye. UV LEDs are used in components such as industrial and cosmetic curing, scientific and biological, sterilization and disinfection, indoor gardening, and health properties.
Market Snapshot:
|
CAGR |
16.53% |
|
YEAR |
2019 |
|
Regions |
North America, Europe, Asia-pacific, LAMEA |
|
Fastest Growing Market |
Asia-pacific |
|
Major Key Players |
LG Electronics Inc, Koninklijke Philips N.V , Honle Group , Nordson Corporation , SemiLEDs Corporation, Halma Plc, Heraeus Holding GmbH, Crystal IS Inc, Seoul Viosys Co, Ltd, Sensor Electronics Technology Inc, and Nichia Corporation |
Advanced features like low power consumption, tight tolerance of wavelengths, long life and disinfection and applications such as air and water purification system which works on UV-C technology are driving growth of UV LED Market. In addition, Eco-friendly composition of UV LED and vast advancements is also influencing growth of market. Furthermore, as contaminated water and air are a problem for health issues therefore the demand for disinfected applications such as water purifiers, air purifiers has increased which also drives the growth of market. However, factors such as high investment, lack of awareness, and high installation cost restrain the market growth of UV LED. Oppositely, with the recent outbreak of Covid-19, the UV LED are being used for disinfecting the surfaces and germs killing properties and government initiatives toward energy-efficient solutions are factors which is expected to drives growth in future.
Segment Insight
The UV LED Market is segmented by Type, Application, Industry Vertical and Region. On the basis of Type it is classified by UV A, UV B, and UV C. Based on Application, the market is segmented into UV curing, purification, indoor gardening, counterfeit detection, and others. Based on End-User the market is segmented into healthcare, agriculture, security, printing, residential, and commercial.
By UV LED Type Insight
The UV LED Market is segmented by type into UV A, UV B, and UV C. UVA rays have the longest wavelengths they are invisible rays that are part of the energy that comes from the sun, can burn the skin, and cause skin cancer. UV B has short-range as compared to UV A and some UVB rays are absorbed by the Earth's ozone layer. UVC have a very short wavelength it can be used for disinfecting water, sterilizing surfaces, destroying harmful micro-organisms.
By Application Type Insight
The UV LED Market is segmented by application into UV curing, purification, indoor gardening, counterfeit detection, and others. UV curing is used in the printing industry it is a photochemical process in which high-intensity ultraviolet light is used. UV purification is used to disinfect the bacteria from the water and air. UV LED can be used to grow plants indoor.
By Industrial vertical Insight
The UV LED Market is segmented by industry vertical intohealthcare, agriculture, security, printing, residential, and commercial. UV LED in healthcare is used for disinfect the bacteria of surface and others. UV LED in agriculture is used to increase the production of active substances in medicinal and traditional plants and for healthy growth of plants.
Major Key Players of UV LED Market
The Report Provides a Comprehensive Analysis of the Key Players Operating in the Global UV LED MARKET, such as LG Electronics Inc, Koninklijke Philips N.V ,Honle Group , Honle Group, SemiLEDsCorporation, Halma Plc, Heraeus Holding GmbH, Crystal IS Inc, Seoul Viosys Co, Ltd, Sensor Electronics Technology Inc. Most of the key players in UV LED market are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.
UV LED Market Key Segments
By Type
- UV A
- UV B
- UV C
By Application
- UV Curing
- Disinfection/Purification
- Indoor Gardening
- Counterfeit Detection
- Others
By Industry Vertical
- Healthcare
- Agriculture
- Security
- Printing
- Residential
- Commercial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Turkey
- South Africa
- Rest of LAMEA
Frequently Asked Questions
TABLE OF CONTENTS:
CHAPTER 1 MARKET INTRODUCTION
1.1. REPORT OVERVIEW
1.2. SCOPE OF THE STUDY
1.3. PRIMARY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
CHAPTER 2 EXECUTIVE SUMMARY
2.1. C-LEVEL EXECUTIVE’SOVERVIEW AND PERSPECTIVES
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. PRINCIPAL FINDINGS
3.2.1. Key investment pockets
3.2.2. Leading winning strategies
3.2.3 Key Player Positioning
3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.4.4. Impact Analysis
3.5. IMPACT OF COVID-19 ON THIS MARKET
CHAPTER 4 UV LEDMARKET, BY TYPE
4.1. SYNOPSIS
4.1.1. Market size and forecast
4.2. UV A
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.3. UV B
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
4.4. UV C
4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast
CHAPTER 5 UV LED MARKET, BY APPLICATION
5.1SYNOPSIS
5.1.1. Market size and forecast
5.2UV CURVING
5.2.1. Key market trends
5.2.2. Growth factors and opportunities
5.2.3. Market size and forecast
5.3 DISINFECTION
5.3.1. Key market trends
5.3.2. Growth factors and opportunities
5.3.3. Market size and forecast
5.4INDOOR GARDENING
5.4.1. Key market trends
5.4.2. Growth factors and opportunities
5.4.3. Market size and forecast
5.5 COUNTERFEIT DETECTION
5.5.1. Key market trends
5.5.2. Growth factors and opportunities
5.5.3. Market size and forecast
5.6OTHER
5.6.1. Key market trends
5.6.2. Growth factors and opportunities
5.6.3. Market size and forecast
CHAPTER 6UV LED MARKET, BY INDUSTRY VERTICAL
6.1. SYNOPSIS
6.1.1. Market size and forecast
6.2. HEALTHCARE
6.2.1. Key market trends
6.2.2. Growth factors and opportunities
6.2.3. Market size and forecast
6.3. AGRICULTURE
6.3.1. Key market trends
6.3.2. Growth factors and opportunities
6.3.3. Market size and forecast
6.4. SECURITY
6.4.1. Key market trends
6.4.2. Growth factors and opportunities
6.4.3. Market size and forecast
6.5. PRINTING
6.5.1. Key market trends
6.5.2. Growth factors and opportunities
6.5.3. Market size and forecast
6.6. RESIDENTIAL
6.6.1. Key market trends
6.6.2. Growth factors and opportunities
6.6.3. Market size and forecast
6.7. COMMERCIAL
6.7.1. Key market trends
6.7.2. Growth factors and opportunities
6.7.3. Market size and forecast
CHAPTER 8UV LED MARKET, BY REGION
8.1 SYNOPSIS
8.2 North America
8.2.1 Key market trends
8.2.2 Competitive scenario
8.2.3 Key growth factors and opportunities
8.2.4 Market size and forecast
8.3 Europe
8.3.1 Key market trends
8.3.2 Competitive scenario
8.3.3 Key growth factors and opportunities
8.3.4 Market size and forecast
8.4 Asia Pacific
8.4.1 Key market trends
8.4.2 Competitive scenario
8.4.3 Key growth factors and opportunities
8.4.4 Market size and forecast
8.5 LAMEA
8.5.1 Key market trends
8.5.2 Key growth factors and opportunities
8.5.3 Market size and forecast
CHAPTER 9 COMPANY PROFILES
9.1. LG ELECTRONICS INC
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Product portfolio
9.1.4. Business performance
9.1.5. Key strategic moves and developments
9.2. KONINKLIJKE PHILIPS N.V
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.2.6. Key strategic moves and developments
9.3. HONLE GROUP
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.3.6. Key strategic moves and developments
9.4. HONLE GROUP
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.4.6. Key strategic moves and developments
9.5. SEMILEDS CORPORATION
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.5.6. Key strategic moves and developments
9.6. HALMA PLC
9.6.1. Company overview
9.6.2. Company Snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance
9.6.6. Key strategic moves and developments
9.7. HERAEUS HOLDING GMBH
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Product portfolio
9.7.5. Business performance
9.7.6. Key strategic moves and developments
9.8. CRYSTAL IS INC
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. Business performance
9.8.6. Key strategic moves and developments
9.9. SEOUL VIOSYS CO, LTD
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.9.6. Key strategic moves and developments
9.10. SENSOR ELECTRONICS TECHNOLOGY INC
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
9.10.6. Key strategic moves and developments
Type Here for figure.