Ultraviolet LED Technology Market Size, Share, Growth, and Industry Analysis by Type (UVA, UVB, UVC), by Application (Air Purification, Currency Validation, Dental Curing and Teeth Whitening, DNA Gel, Fluorescence Disclosure and Verification, Water Purification, Medical Phototherapy), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Ultraviolet LED Technology Market Report Overview

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The global ultraviolet LED technology market size was USD 108.3 million in 2021 and market is projected to touch USD 819.9 million by 2031, at a CAGR of 22.2% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with ultraviolet LED technology market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Ultraviolet LED is a device that transforms electrical energy into ultraviolet light which finds usage in variety of applications. These LEDs are used in a number of presentations, including medical, phototherapy, sterilization & disinfection, indoor gardening, purification, and scientific purposes. Companies involved in the manufacturing of electronic appliances are highly participating UV LED into products to make them more operative and advanced. UV LED curing offers improved process control, which helps to reduce waste and expand product quality. An important potential prospect for the residential and commercial use of UV LEDs is accessible by the rising concern for water purity in developed and developing countries. These devices use UV LED to shield against bacteria and other fungal impurities. The demand for progressive sterilization and disinfection systems will open up new markets for UV LED manufacturers. The use of Ultraviolet LED technology can result in substantial energy savings, making it an eye-catching option for companies looking to reduce their carbon footprint and save on energy costs. By growing industrialization and urbanization and the development of new applications such as food processing, cosmetics, and forensic science create ample opportunities for the growth of the market during the forecast period. The development of a new sterilization module that uses deep ultraviolet-C (UVC) LED technology eliminate up to 99.9% of germs and viruses in just five minutes, making it ideal for use in various applications such as air purifiers, water purifiers, and medical devices. Deep-ultraviolet light produced by UV LEDs can be utilised to effectively kill a number of hazardous microbes. Companies are heavily working on adopting Ultraviolet LED technology to deliver high-end products and remain competitive in the market. UV LED curing offers better process control, which helps to minimize waste and improve product quality.

COVID-19 Impact:  Pandemic facilitated the market positively due to significant changes

COVID-19 pandemic has tremendously affected the whole world. The pandemic has led to significant changes in consumer behaviour, with more individuals spending online and selecting health and safety. Pandemic had positive impact on the industry due to surging number of COVID cases. Ultraviolet LED aids in disinfection and sterilization many countries accepted technology to curb the spread of illness. Increasing awareness regarding benefits of air, water, has elevated product intake. Pandemic had a progressive effect on the market.

Latest Trends

"Technological advancement to boost the market growth "

High execution of advanced technology and the survival of large players in county are likely to create generous growth opportunities for the market. Technological innovation and advancement will further enhance the performance of the product. Developments in technology have led to the expansion of new and better-quality materials contributing to the ultraviolet LED technology market growth. Team up with other firms can lead to the enlargement of new products, services, technologies that can help to motivate growth and income. Some players focus on product improvement to meet consumer requirements and likings. 

Ultraviolet LED Technology Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into UVA, UVB, UVC

UVA capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into air purification, currency validation, dental curing and teeth whitening, DNA gel, fluorescence disclosure and verification, water purification, medical phototherapy

Ultraviolet LED technology market players cover segment as air purification will dominate the market share during forecast period.

Driving Factors

"Usage in hospital and medical facility to upsurge the market growth"

The government is spending severely in the pharmaceutical and health sector to inspire innovative drug development process, which will offer many growth forecasts in the forthcoming years. The rising uses of ultraviolet LEDs in the medical sector are another factor likely to generate new possibilities in the global market. 

"Water purification contribute to boost the market."

LEDs in the UV-C band promise to develop sterilization and disinfection and can bring safe water to people around the world and harmless conditions to health facilities. The market for UV LEDs is growing as a result of current technical developments such as mercury lamp replacement, instability compactness, and high enactment with high wavelength. Several UV LED producers have been drawn to the unexploited market for water purification uses due to population surge and the shortage of fresh water.

Restraining Factors

"High cost to hamper the market growth"

High manufacturing and setting up cost of UV LEDs when paralleled to other substitutes. Makers are finding struggle in order to recover efficiency and light output while growing the usability life and dependability of LED products. Many charges have been imposed by the government, which in turn has appeared as a key factor hindering the growth of the market as these measures will scale up the cost of such products considerably.

Ultraviolet LED Technology Market Regional Insights

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"Asia Pacific to dominate the region due to growing awareness"

Asia Pacific is further expected to witness growth in the Ultraviolet LED technology market share. The region is anticipated to witness major growth over the forecast period due to a high concentration on improvements gained from Research and Development. LED is more energy-efficient, loses very little heat, contains no mercury, and can be produced with a noticeably smaller footprint and better optical design than old UV lamps. The favourable government initiatives to support the regional healthcare & pharmaceutical sector are anticipated to motivate the market.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are enthusiastically contributing in strategic events that are aimed at upholding strong market position and growing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They outlay rigorously on research and development in order to arise with more new technology so that they can maintain and progress their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Crystal (U.S.)
• Nichia Corp (Japan)
• Phoseon Technology (U.S.)
• SemiLEDs (Taiwan)
• Sensor Electronic Technology (U.S.)

Report Coverage

The report provides examination and information according to market segments. Business summary, financial summary, product portfolio, new project launch, recent development analysis are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers nationwide and regional level market size and forecast. The report gives businesses the ability to research new outlook in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.