UV-C LED Market Expected to Reach $8.1 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “UV-C LED Market by Application: Global Opportunity Analysis and Industry Forecast, 2023-2032" The uv-c led market was valued at $381.22 million in 2022, and is estimated to reach $8.1 billion by 2032, growing at a CAGR of 36.6% from 2023 to 2032.

A UV-C LED is a type of light-emitting diode that produces UV light with a wavelength of 100–280 nm. Comparing UVC LEDs to conventional sterilizing and disinfection techniques, there are many advantages. It has no dangerous materials, may be briefly turned on or off without a cycling restriction, uses less heat, extracts heat in a specific direction, and is more durable. By disrupting DNA, this radiation can eradicate a wide range of viruses, bacteria, molds, and other organisms. When chlorine disinfection fails, UV-C LEDs are effective against germs that are resistant to it. Additionally, using UV-C LEDs prevents the development of bacteria resistant to ultraviolet disinfection. 

This innovative technology offers special benefits such reduced mercury content, small construction, and simple usage cycles, allowing improvements over existing systems as well as opening possibilities for new applications. A rapid and consistent decline in price as well as a considerable improvement in performance (power and efficiency), which enables UV-C LED to establish itself in the field of UV-C radiation disinfection, are some additional reasons boosting the UV-C LED market size.

By penetrating microscopic creatures' cells and disrupting the structure of DNA pieces, UV-C LEDs render microscopic organisms inactive. Microorganisms go extinct and lose their ability to regenerate. The germicidal properties of UV-C LEDs treat microorganisms that develop resistance to chemical disinfectants because they cannot produce UV radiation sensitivity. UVC LEDs offer a fresh approach to spectroscopic applications in instrumentation and life science analysis. When compared to alternative disinfection methods that employ chemicals or heat, UV-C sterilization has advantages and can be used in a variety of situations. T. The UV-C LED market share is expanding because of the fact that these lights are very good at disinfection. 

Additionally, the market expansion is anticipated to be accelerated by the increase in acceptance for water purifying programs launched by international public and private organizations. Additionally, UV-C LED technology is increasingly becoming commercially viable for a variety of sectors, opening lucrative potential for the expansion of the UV-C LED industry. In light of these elements, it is projected that the UV-C LED market will expand rapidly in the coming years.

During the forecast period, the integration of UV-C LED with consumer goods and household appliances is anticipated to present attractive prospects for the growth of the global UV-C LED market. However, a significant commercial limitation is the thermal management of UV-C LEDs. Other significant drivers of the UV-C LED market growth include improvements in output power and reliability as well as the recent price reduction of UV-C LEDs' unit cost pricing.

Various research centers and laboratories globally are developing products using UV-C LED to prevent the spread of infections. However, the UV-C LED market analysis witnesses considerable growth owing to the introduction of COVID-19 pandemic. In addition, other industries such as transportation also rapidly adopt UV-C LED disinfection technology for their buses and cars after every ride to ensure safety of consumers.

The UV-C LED market is analyzed by application, and region. On the basis of application, the market is segmented into water/air disinfection, sterilization, healthcare, industrial, sensing, and others. In 2022, the water/air disinfection segment dominated the market, however, the healthcare segment is expected to acquire a major market share by 2032.

On the basis of region, the UV-C LED market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

KEY FINDINGS OF THE STUDY

• The global UV-C LED market was valued at $0.38 billion in 2022.
• The water/air disinfection segment was the highest revenue contributor to the market, with $0.12 billion in 2022.
• Asia-Pacific was the highest revenue contributor, accounting for $0.17 billion in 2022, and is estimated to reach $4.16 billion by 2032, with a CAGR of 38.4%.

The key players profiled in the report include ams OSRAM; Crystal IS, Inc., Convergever Inc., Ltd., DOWA Holdings Co., Ltd, Harvatek Corporation, Heraeus Holding GmbH, High Power Lighting Corporation, IBT Group, International Light Technologies, Inc., IRTronix, Inc., Nichia Corporation, Nikkiso Co, Ltd., Nitride Semiconductor Co, Ltd., NKFG Corporation, Photon Wave Co., Ltd., Seoul Viosys Co, Ltd., Signify Holding, Stanley Electric Co, Ltd, Taoyuan Electron (HK) Limited, and Toyoda Gosei Co., Ltd. The key strategies adopted by the major players of the UV-C LED market are product launch, acquisition, and expansion.