UV-C LED Market Research, 2032
The global UV-C LED market was valued at $381.2 million in 2022, and is projected to reach $8.1 billion by 2032, growing at a CAGR of 36.6% from 2023 to 2032.
With the suitable UV intensity and exposure time, UV-C LED is proven to be effective to diminish viruses and bacteria including the pathogen of COVID-19, SARS-CoV-2. UV-C are smaller in size and flexible to adopt thereby attracting the attention of several industries for disinfection application. Disinfection times are very fast in UV-C technology. A typical disinfection cycle takes about 15 minutes. In this way, different rooms and areas are disinfected with a fast cycle time. Due to its simplicity, UV-C LED disinfection is extremely easy to understand. All surfaces within a certain distance will reach the guaranteed level of disinfection within the specified time, unless shaded. However, UV-C LED systems require very little maintenance due to their simple structure. These factors are thereby driving the growth of the UV-C LED Industry.
The UV-C LED market is segmented into Application and Region.
The UV-C LED market size is analyzed by application and region. On the basis of application, the market is categorized into water/air disinfection, sterilization, healthcare, industrial, sensing, and others. The water/air disinfection segment acquired the largest share in 2022 and healthcare segment is expected to grow at a significant CAGR from 2023 to 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).
Compared to other conventional UV lamps, UV-C LED has a number of benefits. They may be easily integrated with a variety of home equipment, including air conditioners, air purifiers, and even washing machines, due to their small size. UV-C LEDs are frequently used in portable goods. While it takes mercury lamps between 10 and 30 minutes to give the necessary UV dose for disinfection, they can start up right away and do not require preheating.
In addition, UV-C LED market players over the years have further increased their investment to develop new products for disinfection application. For instance, AquiSense Technologies in 2021 launched its new UV-C LED disinfection system for water and wastewater treatment. Similarly, new developments across research institutions are also observed over the years. For instance, research personnels at the University of California in 2022, developed a new UV-C LED that emits less heat as compared to the traditional ones. This new development is further expected to make UV-C LED disinfection usable across wider applications over the years.
The UV-C LED market is expected to witness notable growth during the forecast period, owing to a rise in integration of the technology across consumer electronics. The COVID-19 outbreak has improved public awareness of disinfection, which has increased demand for related products and services. Due to its germicidal properties, UV-C LED has become increasingly popular among different home appliance makers. For instance, LG Electronics introduced a new refrigerator with ice and a water purifier in May 2020. This appliance uses UVC LED technology. Similar to this, Samsung introduced their new Samsung Bespoke Family Hub refrigerator in January 2022. This refrigerator includes an integrated UV-C LED light for air disinfection application. According to a test by the Korea Construction & Living Environment Research Institute (KCL), a UV-C LED is installed at the water purifier output of the refrigerator and can reduce Staphylococcus aureus and E. coli by 99.99%. Nevertheless, businesses like Hisense and Haier are also attempting to include UV-C LED into their products. Therefore, the incorporation of UV-C LED into consumer goods and home appliances has lucrative potential for the expansion of the global UV-C LED market outlook.
Competitive Analysis
Competitive analysis and profiles of the major global UV-C LED market players that have been provided 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.
Country Analysis
Country-wise, the U.S. acquired a prime share in the UV-C LED market in the North American region and it is expected to grow at a significant CAGR during the forecast period of 2023-2032. The U.S. holds most of the market owing to significant UV-C LED R&D expenditures. In the past, UV-C LEDs could only be used for a select few tasks, including sterilization, counterfeit detection, and curing. As technology has advanced over time, UV-C LEDs may now be employed in a variety of other fields, including electronics, water treatment, and medical equipment. UV-C LED applications in hospitals, clinics, and other medical facilities have excellent development potential owing to the substantial U.S. healthcare industry. Due to rising health and hygiene concerns, consumer devices with UV-C LEDs for personal disinfection have become more popular. Utilizing UV-C LEDs, water and air purification technologies might meet the demand for healthy and secure living conditions.
In Europe, Germany dominated the UV-C LED market share, in terms of revenue, in 2022. However, the Rest of Europe is expected to emerge as the fastest-growing country in Europe's UV-C LED market with a CAGR of 37.4%.
In Asia-Pacific, India is expected to emerge as a significant market for the UV-C LED market. The India UV-C LED market is growing with the country's increasing economy and growing cleanliness and health concerns. Manufacturing, healthcare, and hospitality are just a few of the many industries in the country where UV-C LED technology has the potential to improve disinfection procedures and maintain safe surroundings. India's healthcare industry might use UV-C LED solutions for extensive disinfection in hospitals, clinics, and public areas with its population of over a billion people. The use of UV-C LED technology is consistent with the government's objectives for cleanliness and hygienic condition, particularly across public transportation and public buildings. Innovative UV-C LED solutions suited to regional demands can be developed owing to India's expanding startup scene and tech environment.
In the LAMEA region, Latin America garnered significant market share in 2022. The Latin America UV-C LED market offers special prospects within the region's varied economies and sectors. The growing awareness of cleanliness and health has contributed to the adoption of UV-C LED technology for disinfection across a variety of sectors, including healthcare, hospitality, manufacturing, and transportation. UV-C LED solutions might be used in medical institutions to improve infection control measures, given the region's diverse healthcare infrastructure.
Top Impacting Factors
Due to a rise in the use of UV-C LEDs as effective disinfectants and a surge in their use for water purification applications, the market for this technology is to expand significantly over the years. Additionally, during the forecast period, UV-C LED market development is anticipated to benefit greatly from the integration of UV-C LED with consumer goods and household appliances. On the other hand, issues with thermal management throughout UV-C LED solutions are the growth inhibitor for the UV-C LED market during the anticipated time.
Historical Data & Information
The global UV-C LED market is highly competitive, owing to the strong presence of existing vendors. Vendors of the UV-C LED market with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to worsen as technological innovations, product extensions, and different strategies adopted by key vendors increase.
Key Developments/ Strategies
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. are the top companies holding a prime share in the UV-C LED industry. Top market players have adopted various strategies, such as product launch, acquisition, and expansion to expand their foothold in the UV-C LED industry.
- January 2023, Nichia launched a significantly improved UV-C LED. Nichia incorporates a hermetic seal into the LED package, protecting the die from the environment and supporting the long lifetimes at higher temperatures and humidity levels.
- In August 2021, LeddarTech collaborated with ams OSRAM AG, LeddarTech will provide their industry-leading LiDAR hardware and software components into ams OSRAM's PERCEPT LiDAR platform.
- In August 2021, Taoyuan Electron launched new UVC LEDs such as 265-280nm @100mW UVC LED, SMD 6568 265-280nm @100mW UVC LED, 265-280nm UVC LED Strip, UVC LED Sterilizer Strip, and other products.
- In March 2021, Mouser Electronics, Inc., the authorized global distributor of the new semiconductors and electronic components announced an agreement with the ams OSRAM AG, to supply Oslon UV 3636 LEDs of Osram Opto Semiconductors, subsidiary of AMS, to global markets.
- October 2020, Signify Holdings launched residential UV-C tabletop lamp in Asia and Middle East. The lamp's digital safety features include a voice control system, and a sensor that switches off operation when it detects motion indicating that people are present.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the UV-C LED market analysis from 2022 to 2032 to identify the prevailing uv-c led market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the UV-C LED market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global UV-C LED market trends, key players, market segments, application areas, and UV-C LED market growth strategies.
UV-C LED Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 8.1 billion |
 Growth Rate | CAGR of 36.6% |
 Forecast period | 2022 - 2032 |
 Report Pages | 230 |
 By Application |
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 By Region |
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 Key Market Players | Asahi Kasei Corporation, DOWA Holdings Co., Ltd., Heraeus Holding, Convergever Inc., Ltd., Toyoda Gosei Co., Ltd., Nichia Corporation, IBT group. (Ivy Bridge Technology), Signify Holding, NKFG Corporation, Nitride Semiconductors Co., Ltd., Photon Wave Co., Ltd., ams OSRAM AG, Stanley Electric Co., Ltd., Taoyuan Electron (HK) Limited, INTERNATIONAL LIGHT TECHNOLOGIES INC., Nikkiso Co., Ltd., Seoul Viosys Co., Ltd., Hongqi Technology Co., Ltd., IRTronix, Inc, High Power Lighting Corp. |
Analyst Review
The UV-C LED industry stands to experience substantial advantages and progress in the coming years, across a wide range of applications and user groups. The increase in adoption of UV-C LED across the healthcare industry as it deactivates microscopic organisms by entering the cells of microorganisms and disturbing the structure of DNA fragments. Microorganisms lose their regenerative capacity and get annihilated. The germicidal nature of UV-C LEDs treats microorganisms that become impervious to chemical disinfectant as they cannot foster insusceptibility to UV radiation.
In addition, the surge in adoption for water purification initiatives undertaken by global public and private organizations is expected to accelerate the market growth rapidly. Moreover, UV-C LED technology is gradually being commercialized for various markets, which creates lucrative opportunities for the UV-C LED market growth. Considering these factors, the UV-C LED market forecast to experience exponential growth in the future.?
Furthermore, Integration of UV-C LED with home appliances and consumer products is expected to offer lucrative opportunities for the expansion of the global UV-C LED market during the forecast period. However, thermal management of UV-C LED acts as a major restraint of the market. In addition, UV-C LEDs’ recent price cut in its unit cost price and improvement in output power and reliability are some of the other factors that drive the market growth substantially.?
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).?
Competitive analysis and profiles of the major global UV-C LED market players that have been provided 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 business expansion.
Integration of UV-C LED technology with home appliances and other consumer products
The water/air disinfection segment accounted for the largest share in the global UV-C LED market in 2022
The Asia-Pacific region is the largest regional market for the global UV-C LED market in 2022.
The estimated UV-C LED market size in 2032 is $8.1 billion.
The key market players in the market include ams OSRAM; IRTronix, Inc.; DOWA Holdings Co., Ltd; Seoul Viosys Co, Ltd.; and Crystal IS, Inc.
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