UV LED Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (UVA, UVB, UVC), By End User Industry (Manufacturing, Agriculture, Defense, Chemical, Healthcare, Others), And By Geography - Forecasts From 2020 To 2025

Published:  Apr 2021 Report Code: KSI061610190 Pages: 114

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.

Research Methodology

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.

Market Dynamics

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.

Segmentation

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.

Company Profiles

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.

UV LED Market Scope:

Report Metric Details
 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
 Base year  2019
 Forecast period  2020–2025
 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

 


Frequently Asked Questions (FAQs)

Q1. What will be the UV led market size by 2025?
A1. The UV LED market is expected to reach a market size of US$599.556 million by 2025.
 
Q2. What is the size of global UV led market?
A2. UV LED market was valued at US$381.058 million in 2019.
 
Q3. What are the growth prospects for UV led market?
A3. The UV LED market is expected to grow at a CAGR of 25.80% over the forecast period.
 
Q4. What factors are anticipated to drive the UV led market?
A4. Factors such as increasing need to validate currency, air, and water purification, and general and horticulture lighting are driving the growth of this market.
 
Q5. Who are the major players in the UV led market?
A5. Key industry players profiled as part of the UV LED market report are Lumileds, LG Innotek, Honle Group, Genesis Photonics, Nordson Corporation, SemiLeds Corporation, and Nichia Corporation along with others.
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
5. UV LED Market Forecast by type (US$ million)
5.1. UVA
5.2. UVB
5.3. UVC 
6. UV LED Market Forecast by End User Industry (US$ million)
6.1. Manufacturing
6.2. Agriculture
6.3. Defense
6.4. Chemical
6.5. Healthcare
6.6. Others
7. UV LED Market Forecast by Geography (US$ million)
7.1. Americas
7.1.1. North America
7.1.1.1. US
7.1.1.2. Canada
7.1.1.3. Mexico
7.1.1.4. Others
7.1.2. South America
7.1.2.1. Brazil
7.1.2.2. Others 
7.2. Europe Middle East and Africa
7.2.1. Europe
7.2.1.1. United Kingdom
7.2.1.2. Germany
7.2.1.3. France
7.2.1.4. Others
7.2.2. Middle East and Africa
7.3. Asia Pacific
7.3.1. Japan
7.3.2. China
7.3.3. India
7.3.4. Others
8. Competitive Intelligence
8.1. Market Share Analysis
8.2. Investment Analysis
8.3. Recent Deals
8.4. Strategies of Key Players
9. Company Profiles
9.1. Lumileds
9.2. LG Innotek
9.3. Honle Group
9.4. Genesis Photonics
9.5. Nordson Corporation
9.6. SemiLeds Corporation
9.7. Nichia Corporation
9.8. Mouser Electronics
Lumileds
LG Innotek
Honle Group
Genesis Photonics
Nordson Corporation
SemiLeds Corporation
Nichia Corporation
Mouser Electronics

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