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Global Ultraviolet LED Market

Global Ultraviolet LED Market - Analysis and Forecast (2017-2023) Focus on Technology Type (UV-A, UV-B and UV-C) and Application (Curing, Disinfection and Purification, Medical and Others)

The global UV LED market is currently being dominated by UV-A LED with a market share of 52% in terms of value. However, the high growth in UV-C LED is expected to drive the growth cycle for the UV LED market in the coming years, and UV-C is expected to attain the highest market share by 2023.

SKU: ES032A
Published Year: 2018
 
 

The report presents a detailed market analysis including an in-depth analysis of the market drivers, opportunities, challenges, and growth trend mapped across technology, application, and geographies. The market is segmented on the basis of technology (UV-A, UV-B, and UV-C), application areas and geographical regions. The market growth is primarily driven by the reduced prices of UV LEDs, and increased adaptability, efficiency, and enhanced lifespan of the UV LEDs when compared with the traditional LEDs. The worldwide ban on mercury vapor lamps post 2020, attributing to the health hazards of mercury, has also accelerated the growth of the UV LED market. 

The development of UV LEDs with the help of next generation substrates, and the emerging application areas such as disinfection and purification, among others, are some of the factors that will contribute towards the growth of the market in the future. However, the transition from the UV lamps to UV LEDs, and the excessive amount of thermal heat generation from UV LEDs have been acting as restraints to the growth of the global UV LED market.

The UV LED by technology chapter is the result of a comprehensive and rigorous research. The chapter is divided into three major technologies which are the UV-A, UV-B, and UV-C. The global UV LED market is currently being dominated by UV-A LED in terms of value. However, the high growth in UV-C LED is expected to drive the growth cycle for the UV LED market in the coming years, and UV-C is expected to attain the highest market share by 2023. This high growth can be majorly attributed to the increasing adoption of advanced disinfection & purification systems.

Since the last decade, UV LED systems have penetrated a plethora of application areas including curing, disinfection and purification, and medical, among others. The report provides an exhaustive application analysis including the market statistics for different verticals and enumerates various use cases with a futuristic roadmap for each industry vertical. An extensive research and study on the leading as well as developing regions in the UV LED market such as APAC, North America, Middle East, and Latin America, the report provides the market statistics, drivers, challenges, and opportunities across these regions.

The report also formulates the entire value chain of the market, along with industry trends of UV LED technologies and applications with emphasis on market timelines & technology roadmaps, and market dynamics. Some of the key players identified in the report are Nichia Corporation, Seoulviosys Co. Ltd., Phoseon Technology, LG Innotek, Philips Lighting, and NIKKISO Co., Ltd., among others.

Key questions answered in the report:

•    What will be the global UV LED market value by 2023 along with the estimated CAGR?
•    What are the driving factors for the global UV LED market through 2017 to 2023?
•    Which factors are impeding the growth of the global UV LED market?
•    What are the recent trends and developments in the global UV LED industry?
•    Which UV LED technology will prove to be the most cost-efficient for UV LED systems?
•    Which application will dominate the global UV LED application market by 2023?
•    Which region will lead the global UV LED market by 2023?

TABLE OF CONTENT
Executive Summary
1 Report Scope & Methodology
1.1 Scope of the Report
1.2 UV LED Market Research Methodology
2 Market Dynamics
2.1 Introduction
2.2 Market Drivers
2.2.1 Worldwide Ban on Mercury Lamps post 2020 has Increased the Need for UV LEDs
2.2.2 Enhanced Lifespan and Efficiency of UV LEDs Leading to the Increased Adoption of UV LEDs
2.2.3 Declining Prices of UV LEDs
2.3 Market Opportunities
2.3.1 Development of High Efficiency UV LEDs with the help of Next Generation Substrates
2.3.2 Rising Demand for UV-C LEDs
2.4 Market Restraints
2.4.1 Transition from UV lamps to UV LEDs
2.4.2 Excess Thermal Heat Generation
3 Competitive Insights
3.1 Key Strategies and Developments
3.1.1 Partnerships and Collaborations
3.1.2 New Product Launches
3.1.3 Mergers and Acquisitions
3.1.4 Business Expansions and Certifications
3.1.5 Patent Infringements
3.2 Supply Chain Analysis
3.3 Patent Analysis
3.4 Market Share Analysis
4 Global UV LED Market by Technology
4.1 Assumptions and Limitations
4.2 Market Overview
4.3 Global UV LED Market, by Technology
4.3.1 UV-A LED
4.3.1.1 UV-A LED by Application
4.3.1.2 UV-A Market by Region
4.3.2 UV-B LED
4.3.2.1 UV-B LED by Application
4.3.2.2 UV-B Market by Region
4.3.3 UV-C LED
4.3.3.1 UV-C LED by Application
4.3.3.2 UV-C Market by Region
5 Global UV LED Market by Application
5.1 Market Overview
5.1.1 UV LED Curing
5.1.1.1 Printing
5.1.1.2 Coating
5.1.1.3 Adhesives
5.1.2 Disinfection and Purification
5.1.2.1 Water Disinfection
5.1.2.2 Air Disinfection
5.1.2.3 Surface Disinfection
5.1.3 Medical
5.1.4 Others (Security and Lithography)
5.1.4.1 Lithography
5.1.4.2 Security
6 Global UV LED Market by Region
6.1 Market Overview
6.2 North America
6.2.1 The U.S.
6.2.2 Canada
6.2.3 Mexico
6.3 Europe
6.3.1 Germany
6.3.2 The U.K.
6.3.3 Spain
6.3.4 France
6.3.5 Others
6.4 Asia Pacific
6.4.1 Japan
6.4.2 India
6.4.3 China, including Taiwan
6.4.4 South Korea
6.4.5 Others
6.5 Rest of the World (RoW)
6.5.1 Middle East & Africa
6.5.2 Latin America
7 Company Profiles
7.1 LG Innotek
7.1.1 Company Overview
7.1.2 Product Portfolio
7.1.3 Financials
7.1.3.1 Financial Summary
7.1.4 SWOT Analysis
7.2 Philips Lighting
7.2.1 Company Overview
7.2.2 Product Portfolio
7.2.3 Financials
7.2.3.1 Financial Summary
7.2.4 SWOT Analysis
7.3 Nichia Corporation
7.3.1 Company Overview
7.3.2 Product Portfolio
7.3.2.1 Corporate Summary
7.3.3 SWOT Analysis
7.4 Nordson Corporation
7.4.1 Company Overview
7.4.2 Product Portfolio
7.4.3 Financials
7.4.3.1 Financial Summary
7.4.4 SWOT Analysis
7.5 SemiLEDs Corporation
7.5.1 Company Overview
7.5.2 Product Portfolio
7.5.3 Financials
7.5.3.1 Financial Summary
7.5.4 SWOT Analysis
7.6 Nitride Semiconductors Co., Ltd.
7.6.1 Company Overview
7.6.2 Product Portfolio
7.6.2.1 Corporate Summary
7.6.3 SWOT Analysis
7.7 Seoulviosys Co., Ltd.
7.7.1 Company Overview
7.7.2 Product Portfolio
7.7.2.1 Corporate Summary
7.7.3 SWOT Analysis
7.8 Honle Group
7.8.1 Company Overview
7.8.2 Product Portfolio
7.8.3 Financials
7.8.3.1 Financial Summary
7.8.4 SWOT Analysis
7.9 Crystal IS
7.9.1 Company Overview
7.9.2 Product Portfolio
7.9.2.1 Corporate Summary
7.9.3 SWOT Analysis
7.10 DOWA Electronics Materials Co., Ltd.
7.10.1 Company Overview
7.10.2 Product Portfolio
7.10.2.1 Corporate Summary
7.10.3 SWOT Analysis
7.11 HexaTech, Inc.
7.11.1 Company Overview
7.11.1.1 Product Portfolio
7.11.1.2 Corporate Summary
7.11.2 SWOT Analysis
7.12 NIKKISO CO., LTD.
7.12.1 Company Overview
7.12.2 Product Portfolio
7.12.3 Financials
7.12.3.1 Financial Summary
7.12.4 SWOT Analysis
7.13 Lextar Electronics Corporation
7.13.1 Company Overview
7.13.2 Product Portfolio
7.13.3 Financials
7.13.3.1 Financial Summary
7.13.4 SWOT Analysis
7.14 Heraeus Holding
7.14.1 Company Overview
7.14.2 Product Portfolio
7.14.3 Financials
7.14.3.1 Financial Summary
7.14.4 SWOT Analysis
7.15 RayVio Corp.
7.15.1 Company Overview
7.15.2 Product Portfolio
7.15.2.1 Corporate Summary
7.15.3 SWOT Analysis
7.16 Phoseon Technology
7.16.1 Company Overview
7.16.2 Product Portfolio
7.16.2.1 Corporate Summary
7.16.3 SWOT Analysis
List of Tables
Table 1  Comparison between Mercury Lamps and UV LED
Table 2.1 UV LED vs Mercury Lamps
Table 1.1 Comparison between different substrates
Table 3.1 Partnerships and Collaborations
Table 3.2 New Product Launches
Table 3.3 Key Mergers and Acquisitions
Table 3.4 Key Business Expansions and Certifications
Table 3.5 Patent Infringements
Table 3.6 Example of Some Recent Patents
Table 4.1 Global UV LED Market by Technology (Volume), 2016-2023
Table 4.2 Global UV LED Market by Technology (Value), 2016-2023
Table 4.3 UV-A LED Market by Application (Volume), 2016-2023
Table 4.4 Global UV-A LED Market by Application (Value), 2016 – 2023
Table 4.5 Global UV-A Market by Region (Volume), 2016 – 2023
Table 4.6 Global UV-A LED Market by Region (Value), 2016 – 2023
Table 4.7 UV-A LED Market by Application (Volume), 2016-2023
Table 4.8 Global UV-B LED Market by Application (Value), 2016 – 2023
Table 4.9 Global UV-B Market by Region (Volume), 2016 – 2023
Table 4.10 Global UV-B LED Market by Region (Value), 2016 – 2023
Table 4.11 UV-C LED Market by Application (Volume), 2016-2023
Table 4.12 Global UV-C LED Market by Application (Value), 2016 – 2023
Table 4.13 Global UV-C Market by Region (Volume), 2016 – 2023
Table 4.14 Global UV-C LED Market by Region (Value), 2016 – 2023
Table 5.1 Global UV LED Market by Application, 2016–2023
Table 5.2 Global UV LED Market by Application, 2016–2023
Table 5.3 Comparison between Disinfectants
Table 6.1 Global UV LED Market by Region, 2016–2023
Table 6.2 Global UV LED Market by Region, 2016–2023
Table 6.3 North America UV LED Market by Country, 2016 – 2023
Table 6.4 North America UV LED Market by Country, $Million (2016 – 2023)
Table 6.5 Recent Developments in the U.S. UV LED industry
Table 6.6 Recent Developments in the Canadian UV LED industry
Table 6.7 Europe UV LED Market by Country, 2016 – 2023
Table 6.8 Europe UV LED Market by Country, 2016 – 2023
Table 6.9 Recent Developments in the Germany UV LED industry
Table 6.10 Recent Developments in the U.K. UV LED Industry
Table 6.11 Recent Developments in the Spain UV LED industry
Table 6.12 Recent Developments in the France UV LED industry
Table 6.13 Recent Developments (Others)
Table 6.14 Asia Pacific UV LED Market by Country, 2016 – 2023
Table 6.15 Asia Pacific UV LED Market by Country, 2016 – 2023
Table 6.16 Recent Developments
Table 6.17 Recent Developments in the Indian UV LED industry
Table 6.18 Recent Developments in the Chinese UV LED industry
Table 6.19 Recent Developments in the South Korean UV LED industry
Table 6.20 Rest of the World UV LED Market by Country, 2016 – 2023
Table 6.21 Rest of the World UV LED Market by Country, 2016 – 2023
Table 6.22 Recent Developments in Middle East & Africa UV LED industry
List of Figures
Figure 1 Global UV LED Market Volume & Value
Figure 2 Global UV LED Market by Technology (Value), 2016
Figure 3 Global UV LED Market by Application (Value), 2016
Figure 4 Global UV LED Market by Region
Figure 1.1 Scope of the Report
Figure 1.2 Report Design
Figure 1.3 Secondary Data Sources
Figure 1.4 Top Down and Bottom up Approach
Figure 1.5 UV LED Market Influencing Factors
Figure 1.6 Assumptions and Limitations
Figure 2.1 Market Dynamics
Figure 2.2 Declining ASP of UV LEDs
Figure 3.1 Key Strategies and Developments
Figure 3.2 UV LED Supply Chain Analysis
Figure 3.3 Market Share Analysis (2016)
Figure 4.1 Global UV LED Market by Technology
Figure 4.2 Global UV LED Market (2016-2023)
Figure 4.3 Global UV LED Market, by Technology (2016 & 2023)
Figure 5.1 Global UV LED Market by Application Segmentation
Figure 5.2 Global UV LED Market, by Application (2016 & 2023)
Figure 6.1 Global UV LED Market by Region
Figure 6.2 North America UV LED Market by Country
Figure 6.3 Europe UV LED Market by Country
Figure 6.4 Asia Pacific UV LED Market by Country
Figure 6.5 Rest of the World UV LED Market, by Country
Figure 7.1 LG Innotek: Overall Financials, 2014-16 ($Million)
Figure 7.2 LG Innotek: Net Revenue by Business Segment, 2016 ($Million)
Figure 7.3 LG Innotek: SWOT Analysis
Figure 7.4 Philips Lighting: Overall Financials, 2014-16 ($Million)
Figure 7.5 Philips Lighting: Net Revenue by Region, 2015-16 ($Million)
Figure 7.6 Philips Lighting: Net Revenue by Business Segment, 2015-16 ($Million)
Figure 7.7 Philips Lighting: SWOT Analysis
Figure 7.8 Nichia Corporation: SWOT Analysis
Figure 7.9 Nordson Corporation: Overall Financials, 2014-16 ($Million)
Figure 7.10 Nordson Corporation: Net Revenue by Business Segment, 2014-16 ($Million)
Figure 7.11 Nordson Corporation: Net Revenue by Region, 2014-16 ($Million)
Figure 7.12 Nordson Corporation: SWOT Analysis
Figure 7.13 SemiLEDs Corporation: Overall Financials, 2014-16 ($Million)
Figure 7.14 SemiLEDs Corporation: Net Revenue by Business Segment, 2014-16 ($Million)
Figure 7.15 SemiLEDs Corporation: Net Revenue by Region, 2014-16 ($Million)
Figure 7.16 SemiLEDs Corporation: SWOT Analysis
Figure 7.17 Nitride Semiconductors Co., Ltd.: SWOT Analysis
Figure 7.18 Seoulviosys Co., Ltd.: SWOT Analysis
Figure 7.19 Honle Group: Overall Financials, 2014-16 ($Million)
Figure 7.20 Honle Group: Net Revenue by Business Segment, 2015-17 ($Million)
Figure 7.21 Honle Group: Net Revenue by Region, 2014-16 ($Million)
Figure 7.22 Honle Group: SWOT Analysis
Figure 7.23 Crystal IS: SWOT Analysis
Figure 7.24 DOWA Electronics Materials Co., Ltd.: SWOT Analysis
Figure 7.25 HexaTech, Inc.: SWOT Analysis
Figure 7.26 NIKKISO CO., Ltd.: Overall Financials, 2015-16 ($Million)
Figure 7.27 NIKKISO CO., Ltd.: Net Revenue by Business Segment, 2016($Million)
Figure 7.28 NIKKISO CO., Ltd.: Net Revenue by Region, 2016 ($Million)
Figure 7.29 NIKKISO CO., LTD.: SWOT Analysis
Figure 7.30 Lextar Electronics Corporation: Overall Financials, 2015-16 ($Million)
Figure 7.31 Lextar Electronics Corporation: Net Revenue by Business Segment, 2016 ($Million)
Figure 7.32 Lextar Electronics Corporation: Net Revenue by Region, 2016 ($Million)
Figure 7.33 Lextar Electronics Corporation SWOT Analysis
Figure 7.34 Heraeus Holding: Overall Financials, 2015-16 ($Million)
Figure 7.35 Heraeus Holding: Net Revenue by Business Segment, 2015-16 ($Million)
Figure 7.36 Heraeus Holding: Net Revenue by Region, 2015-16 ($Million)
Figure 7.37 Heraeus Holding: SWOT Analysis
Figure 7.38 RayVio Corp.: SWOT Analysis
Figure 7.39 Phoseon Technology: SWOT Analysis

The process of the evolution of UV LED systems and technologies has considerably changed the overall LED industry in terms of energy and money saving, and increased safety and convenience of users. The UV LED market is growing at a significant rate and is expected to reach a substantial level by 2023. Moreover, the water and air disinfection systems are gaining popularity, and the sector is expected to grow at a robust rate in the future. The UV LED market is witnessing a pattern of transition due to the increasing market penetration of UV LED curing systems. The UV LED curing market is expected to grow at a significant rate during the forecast period. This can be attributed to the fact that it produces finished products having reduced flaws and errors in terms of design and finishing and can be used in various application areas such as printing, adhesives, and coating, among others.

The market growth is primarily driven by the reduced prices of UV LEDs, and increased adaptability, efficiency, and enhanced lifespan of the UV LEDs when compared with the traditional LEDs. The worldwide ban on mercury vapor lamps post 2020, attributing to the health hazards of mercury, has also accelerated the growth of the UV LED market. The development of UV LEDs with the help of next generation substrates, and the emerging application areas such as disinfection and purification, among others, are some of the factors that will contribute towards the growth of the market in the future. There is no doubt that the market has many driving forces which will contribute in the mushrooming demand of UV LED systems, but there are certain restrains that could be plaguing the UV LED market in the coming years. For example, the transition from the UV lamps to UV LEDs, and the excessive amount of thermal heat generation from UV LEDs have been acting as restraints to the growth of the global UV LED market.

Figure: Global UV LED Market

Global Ultraviolet LED Market

Source: Secondary research, expert interviews, and BIS Research Analysis

The UV LED market has been tracked along the lines of its technologies (UV-A, UV-B, and UV-C), application areas, and geography. Revenue generated from various application areas, namely UV LED curing, disinfection and purification, medical, and other applications have been analyzed. The report also covers the UV LED market on a global scale, and consequently provides revenue data of the key regions. A separate segment has been made for the key global regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

The global UV LED market is currently being dominated by UV-A LED with a market share of 52% in terms of value. However, the high growth in UV-C LED is expected to drive the growth cycle for the UV LED market in the coming years, and UV-C is expected to attain the highest market share by 2023. This high growth can be majorly attributed to the increasing adoption of advanced disinfection & purification systems.

The global UV LED market has been segmented on the basis of applications into UV curing, medical, disinfection & purification, and others which include security, and photolithography. The application areas for UV LED systems have increased steadily over the past five years. Currently, UV Curing dominates the UV LED industry owing to its increased adoption in application areas such as printing, adhesives, and coating, among others. However, disinfection and purification segment is estimated to grow at the highest CAGR during the forecasted period owing to the rising need to curb water and air borne diseases with the help of these advanced UV LED based disinfection and purification systems.

With a meticulous approach, the market study has identified Europe as the leading region in the global UV LED market. The presence of the key industry players such as Philips Lighting, Phoseon Technology, Heraeus Holding, Honle Group, and NIKKISO Co., Ltd., among others, has established the region as the industry leader in the UV LED industry, globally. However, Asia Pacific is estimated to be the fastest growing region during the forecasted period. The rising population of Asia Pacific requires advanced levels of water and air disinfection and purification systems, which has accelerated the adoption rate of UV LED based disinfection and purification systems and is estimated to drive the market further during the forecast period. 

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The report presents a detailed market analysis including an in-depth analysis of the market drivers, opportunities, challenges, and growth trend mapped across technology, application, and geographies. The market is segmented on the basis of technology (UV-A, UV-B, and UV-C), application areas and geographical regions. The market growth is primarily driven by the reduced prices of UV LEDs, and increased adaptability, efficiency, and enhanced lifespan of the UV LEDs when compared with the traditional LEDs. The worldwide ban on mercury vapor lamps post 2020, attributing to the health hazards of mercury, has also accelerated the growth of the UV LED market. 

The development of UV LEDs with the help of next generation substrates, and the emerging application areas such as disinfection and purification, among others, are some of the factors that will contribute towards the growth of the market in the future. However, the transition from the UV lamps to UV LEDs, and the excessive amount of thermal heat generation from UV LEDs have been acting as restraints to the growth of the global UV LED market.

The UV LED by technology chapter is the result of a comprehensive and rigorous research. The chapter is divided into three major technologies which are the UV-A, UV-B, and UV-C. The global UV LED market is currently being dominated by UV-A LED in terms of value. However, the high growth in UV-C LED is expected to drive the growth cycle for the UV LED market in the coming years, and UV-C is expected to attain the highest market share by 2023. This high growth can be majorly attributed to the increasing adoption of advanced disinfection & purification systems.

Since the last decade, UV LED systems have penetrated a plethora of application areas including curing, disinfection and purification, and medical, among others. The report provides an exhaustive application analysis including the market statistics for different verticals and enumerates various use cases with a futuristic roadmap for each industry vertical. An extensive research and study on the leading as well as developing regions in the UV LED market such as APAC, North America, Middle East, and Latin America, the report provides the market statistics, drivers, challenges, and opportunities across these regions.

The report also formulates the entire value chain of the market, along with industry trends of UV LED technologies and applications with emphasis on market timelines & technology roadmaps, and market dynamics. Some of the key players identified in the report are Nichia Corporation, Seoulviosys Co. Ltd., Phoseon Technology, LG Innotek, Philips Lighting, and NIKKISO Co., Ltd., among others.

Key questions answered in the report:

•    What will be the global UV LED market value by 2023 along with the estimated CAGR?
•    What are the driving factors for the global UV LED market through 2017 to 2023?
•    Which factors are impeding the growth of the global UV LED market?
•    What are the recent trends and developments in the global UV LED industry?
•    Which UV LED technology will prove to be the most cost-efficient for UV LED systems?
•    Which application will dominate the global UV LED application market by 2023?
•    Which region will lead the global UV LED market by 2023?

TABLE OF CONTENT
Executive Summary
1 Report Scope & Methodology
1.1 Scope of the Report
1.2 UV LED Market Research Methodology
2 Market Dynamics
2.1 Introduction
2.2 Market Drivers
2.2.1 Worldwide Ban on Mercury Lamps post 2020 has Increased the Need for UV LEDs
2.2.2 Enhanced Lifespan and Efficiency of UV LEDs Leading to the Increased Adoption of UV LEDs
2.2.3 Declining Prices of UV LEDs
2.3 Market Opportunities
2.3.1 Development of High Efficiency UV LEDs with the help of Next Generation Substrates
2.3.2 Rising Demand for UV-C LEDs
2.4 Market Restraints
2.4.1 Transition from UV lamps to UV LEDs
2.4.2 Excess Thermal Heat Generation
3 Competitive Insights
3.1 Key Strategies and Developments
3.1.1 Partnerships and Collaborations
3.1.2 New Product Launches
3.1.3 Mergers and Acquisitions
3.1.4 Business Expansions and Certifications
3.1.5 Patent Infringements
3.2 Supply Chain Analysis
3.3 Patent Analysis
3.4 Market Share Analysis
4 Global UV LED Market by Technology
4.1 Assumptions and Limitations
4.2 Market Overview
4.3 Global UV LED Market, by Technology
4.3.1 UV-A LED
4.3.1.1 UV-A LED by Application
4.3.1.2 UV-A Market by Region
4.3.2 UV-B LED
4.3.2.1 UV-B LED by Application
4.3.2.2 UV-B Market by Region
4.3.3 UV-C LED
4.3.3.1 UV-C LED by Application
4.3.3.2 UV-C Market by Region
5 Global UV LED Market by Application
5.1 Market Overview
5.1.1 UV LED Curing
5.1.1.1 Printing
5.1.1.2 Coating
5.1.1.3 Adhesives
5.1.2 Disinfection and Purification
5.1.2.1 Water Disinfection
5.1.2.2 Air Disinfection
5.1.2.3 Surface Disinfection
5.1.3 Medical
5.1.4 Others (Security and Lithography)
5.1.4.1 Lithography
5.1.4.2 Security
6 Global UV LED Market by Region
6.1 Market Overview
6.2 North America
6.2.1 The U.S.
6.2.2 Canada
6.2.3 Mexico
6.3 Europe
6.3.1 Germany
6.3.2 The U.K.
6.3.3 Spain
6.3.4 France
6.3.5 Others
6.4 Asia Pacific
6.4.1 Japan
6.4.2 India
6.4.3 China, including Taiwan
6.4.4 South Korea
6.4.5 Others
6.5 Rest of the World (RoW)
6.5.1 Middle East & Africa
6.5.2 Latin America
7 Company Profiles
7.1 LG Innotek
7.1.1 Company Overview
7.1.2 Product Portfolio
7.1.3 Financials
7.1.3.1 Financial Summary
7.1.4 SWOT Analysis
7.2 Philips Lighting
7.2.1 Company Overview
7.2.2 Product Portfolio
7.2.3 Financials
7.2.3.1 Financial Summary
7.2.4 SWOT Analysis
7.3 Nichia Corporation
7.3.1 Company Overview
7.3.2 Product Portfolio
7.3.2.1 Corporate Summary
7.3.3 SWOT Analysis
7.4 Nordson Corporation
7.4.1 Company Overview
7.4.2 Product Portfolio
7.4.3 Financials
7.4.3.1 Financial Summary
7.4.4 SWOT Analysis
7.5 SemiLEDs Corporation
7.5.1 Company Overview
7.5.2 Product Portfolio
7.5.3 Financials
7.5.3.1 Financial Summary
7.5.4 SWOT Analysis
7.6 Nitride Semiconductors Co., Ltd.
7.6.1 Company Overview
7.6.2 Product Portfolio
7.6.2.1 Corporate Summary
7.6.3 SWOT Analysis
7.7 Seoulviosys Co., Ltd.
7.7.1 Company Overview
7.7.2 Product Portfolio
7.7.2.1 Corporate Summary
7.7.3 SWOT Analysis
7.8 Honle Group
7.8.1 Company Overview
7.8.2 Product Portfolio
7.8.3 Financials
7.8.3.1 Financial Summary
7.8.4 SWOT Analysis
7.9 Crystal IS
7.9.1 Company Overview
7.9.2 Product Portfolio
7.9.2.1 Corporate Summary
7.9.3 SWOT Analysis
7.10 DOWA Electronics Materials Co., Ltd.
7.10.1 Company Overview
7.10.2 Product Portfolio
7.10.2.1 Corporate Summary
7.10.3 SWOT Analysis
7.11 HexaTech, Inc.
7.11.1 Company Overview
7.11.1.1 Product Portfolio
7.11.1.2 Corporate Summary
7.11.2 SWOT Analysis
7.12 NIKKISO CO., LTD.
7.12.1 Company Overview
7.12.2 Product Portfolio
7.12.3 Financials
7.12.3.1 Financial Summary
7.12.4 SWOT Analysis
7.13 Lextar Electronics Corporation
7.13.1 Company Overview
7.13.2 Product Portfolio
7.13.3 Financials
7.13.3.1 Financial Summary
7.13.4 SWOT Analysis
7.14 Heraeus Holding
7.14.1 Company Overview
7.14.2 Product Portfolio
7.14.3 Financials
7.14.3.1 Financial Summary
7.14.4 SWOT Analysis
7.15 RayVio Corp.
7.15.1 Company Overview
7.15.2 Product Portfolio
7.15.2.1 Corporate Summary
7.15.3 SWOT Analysis
7.16 Phoseon Technology
7.16.1 Company Overview
7.16.2 Product Portfolio
7.16.2.1 Corporate Summary
7.16.3 SWOT Analysis
List of Tables
Table 1  Comparison between Mercury Lamps and UV LED
Table 2.1 UV LED vs Mercury Lamps
Table 1.1 Comparison between different substrates
Table 3.1 Partnerships and Collaborations
Table 3.2 New Product Launches
Table 3.3 Key Mergers and Acquisitions
Table 3.4 Key Business Expansions and Certifications
Table 3.5 Patent Infringements
Table 3.6 Example of Some Recent Patents
Table 4.1 Global UV LED Market by Technology (Volume), 2016-2023
Table 4.2 Global UV LED Market by Technology (Value), 2016-2023
Table 4.3 UV-A LED Market by Application (Volume), 2016-2023
Table 4.4 Global UV-A LED Market by Application (Value), 2016 – 2023
Table 4.5 Global UV-A Market by Region (Volume), 2016 – 2023
Table 4.6 Global UV-A LED Market by Region (Value), 2016 – 2023
Table 4.7 UV-A LED Market by Application (Volume), 2016-2023
Table 4.8 Global UV-B LED Market by Application (Value), 2016 – 2023
Table 4.9 Global UV-B Market by Region (Volume), 2016 – 2023
Table 4.10 Global UV-B LED Market by Region (Value), 2016 – 2023
Table 4.11 UV-C LED Market by Application (Volume), 2016-2023
Table 4.12 Global UV-C LED Market by Application (Value), 2016 – 2023
Table 4.13 Global UV-C Market by Region (Volume), 2016 – 2023
Table 4.14 Global UV-C LED Market by Region (Value), 2016 – 2023
Table 5.1 Global UV LED Market by Application, 2016–2023
Table 5.2 Global UV LED Market by Application, 2016–2023
Table 5.3 Comparison between Disinfectants
Table 6.1 Global UV LED Market by Region, 2016–2023
Table 6.2 Global UV LED Market by Region, 2016–2023
Table 6.3 North America UV LED Market by Country, 2016 – 2023
Table 6.4 North America UV LED Market by Country, $Million (2016 – 2023)
Table 6.5 Recent Developments in the U.S. UV LED industry
Table 6.6 Recent Developments in the Canadian UV LED industry
Table 6.7 Europe UV LED Market by Country, 2016 – 2023
Table 6.8 Europe UV LED Market by Country, 2016 – 2023
Table 6.9 Recent Developments in the Germany UV LED industry
Table 6.10 Recent Developments in the U.K. UV LED Industry
Table 6.11 Recent Developments in the Spain UV LED industry
Table 6.12 Recent Developments in the France UV LED industry
Table 6.13 Recent Developments (Others)
Table 6.14 Asia Pacific UV LED Market by Country, 2016 – 2023
Table 6.15 Asia Pacific UV LED Market by Country, 2016 – 2023
Table 6.16 Recent Developments
Table 6.17 Recent Developments in the Indian UV LED industry
Table 6.18 Recent Developments in the Chinese UV LED industry
Table 6.19 Recent Developments in the South Korean UV LED industry
Table 6.20 Rest of the World UV LED Market by Country, 2016 – 2023
Table 6.21 Rest of the World UV LED Market by Country, 2016 – 2023
Table 6.22 Recent Developments in Middle East & Africa UV LED industry
List of Figures
Figure 1 Global UV LED Market Volume & Value
Figure 2 Global UV LED Market by Technology (Value), 2016
Figure 3 Global UV LED Market by Application (Value), 2016
Figure 4 Global UV LED Market by Region
Figure 1.1 Scope of the Report
Figure 1.2 Report Design
Figure 1.3 Secondary Data Sources
Figure 1.4 Top Down and Bottom up Approach
Figure 1.5 UV LED Market Influencing Factors
Figure 1.6 Assumptions and Limitations
Figure 2.1 Market Dynamics
Figure 2.2 Declining ASP of UV LEDs
Figure 3.1 Key Strategies and Developments
Figure 3.2 UV LED Supply Chain Analysis
Figure 3.3 Market Share Analysis (2016)
Figure 4.1 Global UV LED Market by Technology
Figure 4.2 Global UV LED Market (2016-2023)
Figure 4.3 Global UV LED Market, by Technology (2016 & 2023)
Figure 5.1 Global UV LED Market by Application Segmentation
Figure 5.2 Global UV LED Market, by Application (2016 & 2023)
Figure 6.1 Global UV LED Market by Region
Figure 6.2 North America UV LED Market by Country
Figure 6.3 Europe UV LED Market by Country
Figure 6.4 Asia Pacific UV LED Market by Country
Figure 6.5 Rest of the World UV LED Market, by Country
Figure 7.1 LG Innotek: Overall Financials, 2014-16 ($Million)
Figure 7.2 LG Innotek: Net Revenue by Business Segment, 2016 ($Million)
Figure 7.3 LG Innotek: SWOT Analysis
Figure 7.4 Philips Lighting: Overall Financials, 2014-16 ($Million)
Figure 7.5 Philips Lighting: Net Revenue by Region, 2015-16 ($Million)
Figure 7.6 Philips Lighting: Net Revenue by Business Segment, 2015-16 ($Million)
Figure 7.7 Philips Lighting: SWOT Analysis
Figure 7.8 Nichia Corporation: SWOT Analysis
Figure 7.9 Nordson Corporation: Overall Financials, 2014-16 ($Million)
Figure 7.10 Nordson Corporation: Net Revenue by Business Segment, 2014-16 ($Million)
Figure 7.11 Nordson Corporation: Net Revenue by Region, 2014-16 ($Million)
Figure 7.12 Nordson Corporation: SWOT Analysis
Figure 7.13 SemiLEDs Corporation: Overall Financials, 2014-16 ($Million)
Figure 7.14 SemiLEDs Corporation: Net Revenue by Business Segment, 2014-16 ($Million)
Figure 7.15 SemiLEDs Corporation: Net Revenue by Region, 2014-16 ($Million)
Figure 7.16 SemiLEDs Corporation: SWOT Analysis
Figure 7.17 Nitride Semiconductors Co., Ltd.: SWOT Analysis
Figure 7.18 Seoulviosys Co., Ltd.: SWOT Analysis
Figure 7.19 Honle Group: Overall Financials, 2014-16 ($Million)
Figure 7.20 Honle Group: Net Revenue by Business Segment, 2015-17 ($Million)
Figure 7.21 Honle Group: Net Revenue by Region, 2014-16 ($Million)
Figure 7.22 Honle Group: SWOT Analysis
Figure 7.23 Crystal IS: SWOT Analysis
Figure 7.24 DOWA Electronics Materials Co., Ltd.: SWOT Analysis
Figure 7.25 HexaTech, Inc.: SWOT Analysis
Figure 7.26 NIKKISO CO., Ltd.: Overall Financials, 2015-16 ($Million)
Figure 7.27 NIKKISO CO., Ltd.: Net Revenue by Business Segment, 2016($Million)
Figure 7.28 NIKKISO CO., Ltd.: Net Revenue by Region, 2016 ($Million)
Figure 7.29 NIKKISO CO., LTD.: SWOT Analysis
Figure 7.30 Lextar Electronics Corporation: Overall Financials, 2015-16 ($Million)
Figure 7.31 Lextar Electronics Corporation: Net Revenue by Business Segment, 2016 ($Million)
Figure 7.32 Lextar Electronics Corporation: Net Revenue by Region, 2016 ($Million)
Figure 7.33 Lextar Electronics Corporation SWOT Analysis
Figure 7.34 Heraeus Holding: Overall Financials, 2015-16 ($Million)
Figure 7.35 Heraeus Holding: Net Revenue by Business Segment, 2015-16 ($Million)
Figure 7.36 Heraeus Holding: Net Revenue by Region, 2015-16 ($Million)
Figure 7.37 Heraeus Holding: SWOT Analysis
Figure 7.38 RayVio Corp.: SWOT Analysis
Figure 7.39 Phoseon Technology: SWOT Analysis

The process of the evolution of UV LED systems and technologies has considerably changed the overall LED industry in terms of energy and money saving, and increased safety and convenience of users. The UV LED market is growing at a significant rate and is expected to reach a substantial level by 2023. Moreover, the water and air disinfection systems are gaining popularity, and the sector is expected to grow at a robust rate in the future. The UV LED market is witnessing a pattern of transition due to the increasing market penetration of UV LED curing systems. The UV LED curing market is expected to grow at a significant rate during the forecast period. This can be attributed to the fact that it produces finished products having reduced flaws and errors in terms of design and finishing and can be used in various application areas such as printing, adhesives, and coating, among others.

The market growth is primarily driven by the reduced prices of UV LEDs, and increased adaptability, efficiency, and enhanced lifespan of the UV LEDs when compared with the traditional LEDs. The worldwide ban on mercury vapor lamps post 2020, attributing to the health hazards of mercury, has also accelerated the growth of the UV LED market. The development of UV LEDs with the help of next generation substrates, and the emerging application areas such as disinfection and purification, among others, are some of the factors that will contribute towards the growth of the market in the future. There is no doubt that the market has many driving forces which will contribute in the mushrooming demand of UV LED systems, but there are certain restrains that could be plaguing the UV LED market in the coming years. For example, the transition from the UV lamps to UV LEDs, and the excessive amount of thermal heat generation from UV LEDs have been acting as restraints to the growth of the global UV LED market.

Figure: Global UV LED Market

Global Ultraviolet LED Market

Source: Secondary research, expert interviews, and BIS Research Analysis

The UV LED market has been tracked along the lines of its technologies (UV-A, UV-B, and UV-C), application areas, and geography. Revenue generated from various application areas, namely UV LED curing, disinfection and purification, medical, and other applications have been analyzed. The report also covers the UV LED market on a global scale, and consequently provides revenue data of the key regions. A separate segment has been made for the key global regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

The global UV LED market is currently being dominated by UV-A LED with a market share of 52% in terms of value. However, the high growth in UV-C LED is expected to drive the growth cycle for the UV LED market in the coming years, and UV-C is expected to attain the highest market share by 2023. This high growth can be majorly attributed to the increasing adoption of advanced disinfection & purification systems.

The global UV LED market has been segmented on the basis of applications into UV curing, medical, disinfection & purification, and others which include security, and photolithography. The application areas for UV LED systems have increased steadily over the past five years. Currently, UV Curing dominates the UV LED industry owing to its increased adoption in application areas such as printing, adhesives, and coating, among others. However, disinfection and purification segment is estimated to grow at the highest CAGR during the forecasted period owing to the rising need to curb water and air borne diseases with the help of these advanced UV LED based disinfection and purification systems.

With a meticulous approach, the market study has identified Europe as the leading region in the global UV LED market. The presence of the key industry players such as Philips Lighting, Phoseon Technology, Heraeus Holding, Honle Group, and NIKKISO Co., Ltd., among others, has established the region as the industry leader in the UV LED industry, globally. However, Asia Pacific is estimated to be the fastest growing region during the forecasted period. The rising population of Asia Pacific requires advanced levels of water and air disinfection and purification systems, which has accelerated the adoption rate of UV LED based disinfection and purification systems and is estimated to drive the market further during the forecast period. 

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