Market Trends of UV LED Industry
UV-C LED to Hold Major Market Share
- The global focus on hygiene, especially in healthcare, hospitality, and public spaces industries, has increased the demand for UV-C LED-based solutions. These LEDs provide numerous benefits, such as shorter disinfection times, decreased chemical usage, and the absence of harmful byproducts. Moreover, advancements in UV-C LED technology have resulted in improved efficiency, longer lifespan, and greater affordability.
- Manufacturers are currently dedicating resources to research and development to improve the efficiency of UV-C LEDs, making them more convenient and applicable for various uses. Consequently, the UV-C sector is anticipated to experience considerable expansion, presenting valuable opportunities for UV LED module manufacturers, component providers, and system integrators. The growing understanding of the significance of disinfection and the benefits of UV-C LEDs is projected to drive a substantial increase in market growth.
- UV-C LED modules can help generate UV-C light in systems where air and water circulate. Some critical factors advancing the growth of UV-C LED modules include the rapid expansion of the use of environment-safe LEDs and the increase in the application of UV curing systems. Since UV-C LED is practical for disinfection, a surge in the adoption of water purification is a significant factor driving the growth of the UV-C LED industry.
- Furthermore, it is expected that the integration of UV-C LED technology into consumer products and household appliances will create a valuable opportunity to expand the UV-C LED market during the forecast period. Moreover, advancements in output power and reliability and the recent decrease in unit cost prices for UV-C LEDs are significantly driving the market’s growth.
Understand The Key Trends Shaping This Market
Download PDF
Asia-Pacific Expected to Witness Significant Growth
- The increasing use of UV LED technology in the UV curing process is driving the market’s growth. The UV curing process is preferred over traditional drying, as the results are much better, rejection rates are low, and the entire process enhances the solvency and scratch resistance of the product.
- UV LED is helpful in curing purposes in the coating industries, as it is more energy-efficient, loses very little heat, contains no mercury, can be manufactured with a much smaller footprint, and has a far better optical design than traditional UV lamps. The use of UV-curable adhesives in the packaging industry is growing tremendously in the country, owing to their advantages over conventional adhesive systems.
- The Japanese automotive industry is one of the most prominent and largest industries in the world. Japan is one of the top three countries with the highest number of cars manufactured since the 1960s. The country is home to some of the major automotive players, such as Toyota, Suzuki, and Honda. These companies have an extensive presence in the country, along with their service centers. The growing application of UV curing in the automotive industry is expected to offer opportunities in the country and augment the market’s growth.
- South Korea is known for its thriving electronics manufacturing industry. UV LEDs are used extensively in electronics manufacturing processes such as UV curing adhesives, coatings, and inks. As the electronics industry continues to grow, the demand for UV LEDs in manufacturing is expected to increase.
- The Rest of Asia-Pacific includes Taiwan, India, and Singapore. The companies in Singapore are developing new products or incorporating features in the existing products to meet the demand of the end users and increase their market shares.
Get Analysis on Important Geographic Markets
Download PDF
