UV-C LED Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The global UV-C LED market is anticipated to register a CAGR of 29.65% over the forecast period. UV-C LEDs produce UV photons through the electroluminescence of a semiconductor crystal. These semiconductor crystals are typically made of AlGaN compounds grown on sapphire or AlN substrates. These solid-state devices contain no mercury and do not rely on other substances that are subject to environmental restrictions. As a result, they may provide a regulatory-proof alternative to traditional mercury-containing UV lamps.
Key HighlightsThe UV-C LED market is fragmented and consists of major players. In terms of market share, no company has absolute control over the market, and everyone has their fair share. Major players include NKFG Corporation, Nitride Semiconductor Co. Ltd, Samsung Electronics Co. Ltd, Lumex Inc. (ITW Inc.), and Crystal IS Inc. (Asahi Kasei Group).
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