Global Ultraviolet LED Technology Market Growth (Status and Outlook) 2023-2029

Global Ultraviolet LED Technology Market Growth (Status and Outlook) 2023-2029

An LED is a semiconductor device/light source that emits visible light or infrared light when an electric charge passes through it. LEDs are primarily used in indicator lamps and for other types of lighting such as that used in billboard signs, TV remotes, and brake lights of vehicles. Initially, LEDs would only emit a low-intensity red light. Currently, however, LEDs are available across the visible, ultraviolet, and infrared wavelengths. They work on the principle of electroluminescence, wherein the color of illumination is determined by the energy band gap of the semiconductor. A UV LED displays an ultraviolet light; its wavelength is less than 400 nm. 

LPI (LP Information)' newest research report, the “Ultraviolet LED Technology Industry Forecast” looks at past sales and reviews total world Ultraviolet LED Technology sales in 2022, providing a comprehensive analysis by region and market sector of projected Ultraviolet LED Technology sales for 2023 through 2029. With Ultraviolet LED Technology sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ultraviolet LED Technology industry.

This Insight Report provides a comprehensive analysis of the global Ultraviolet LED Technology landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ultraviolet LED Technology portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Ultraviolet LED Technology market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ultraviolet LED Technology and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ultraviolet LED Technology.

The global Ultraviolet LED Technology market size is projected to grow from US$ 105.9 million in 2022 to US$ 451 million in 2029; it is expected to grow at a CAGR of 23.0% from 2023 to 2029.

The UV LED market is expected to grow with new applications such as disinfection, that is, air and water purification system which works on UV-C technology. New technological advancements such as replacement of mercury lamp, flux density, and high performance with the high wavelength are also fostering the growth of the UV LED market. One of the emerging trends with respect to the industrial application of UV LED is the growing demand for UV curing solutions that integrates coating, printing, and adhesives and the evolution of UV lamps to UV LED.

This report presents a comprehensive overview, market shares, and growth opportunities of Ultraviolet LED Technology market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
UVA
UVB
UVC

Segmentation by application
Air Purification
Currency Validation
Dental Curing and Teeth Whitening
DNA Gel
Fluorescence Disclosure and Verification
Water Purification
Medical Phototherapy

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Crystal
Nichia Corp
Phoseon Technology
SemiLEDs
Sensor Electronic Technology
Seoul Viosys

Please note: The report will take approximately 2 business days to prepare and deliver.