The UV LED market is expected to grow at a compound annual growth rate of 25.80% over the forecast period to reach a market size of US$599.556 million in 2025 from US$381.058 million in 2019. The demand of the UV LED across ink, adhesive, and coating industries for the process of curing plays a significant role in the development of the UV LED market. Factors such as the increasing need to validate currency, air, and water purification, and general and horticulture lighting are driving the growth of this market. Usage of these LEDs in chip manufacturing and biomedical devices are other factors augmenting the need for these solutions. Due to advancements in technology, UV LED has penetrated into various industries such as medical, agriculture, security, horticulture along with industrial and chemical curing.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentation which has been covered as part of the report.
The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth, and a brief technological aspect of UV LED. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Thirdly, UV LED market has been segmented on the basis of type and end-user industry. On the basis of type, the market can be segmented into UVA, UVB, and UVC. Whereas under end-user industry, the market is segmented into manufacturing, agriculture, defense, chemical, healthcare among others. Important regions for vendors in terms of market size are covered through detailed geographical segmentation. Geographical regions covered as a part of this section are the Americas, Europe Middle East, and Africa, and the Asia Pacific.
Finally, the competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Lumileds, LG Innotek, Honle Group, Genesis Photonics, Nordson Corporation, SemiLeds Corporation, and Nichia Corporation along with others.
|Market size value in 2019||US$381.058 million|
|Market size value in 2025||US$599.556 million|
|Growth Rate||CAGR of 25.80% from 2019 to 2025|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Lumileds, LG Innotek, Honle Group, Genesis Photonics, Nordson Corporation, SemiLeds Corporation, Nichia Corporation, Mouser Electronics|
|Customization scope||Free report customization with purchase|
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