The UV LED Market size is estimated at USD 1.57 billion in 2024, and is expected to reach USD 4.5 billion by 2029, growing at a CAGR of 23.26% during the forecast period (2024-2029).
UV LED lighting offers longer lifetimes, greater reliability, and smaller sizes, enabling system designers maximum design freedom. Radiations with wavelengths from 180 to 280 nm are referred to as UV-C, and this is the range needed to be used effectively in decontamination, disinfection, and sterilization.
The UV LED Market is highly fragmented with the presence of major players like Lumileds Holding BV, Koninklijke Philips NV, NKFG Corporation, Hongli Zhihui Group, and Seoul Viosys Co. Ltd. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook