The Global Market for UV LED Technology is Projected to Exceed $440 Million by 2020

Promising UV-LED Curing Applications to Drive the Global UV-LED Technology Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global UV LED Technology market. The global market for UV LED Technology is projected to exceed $440 million by 2020, driven by promising new applications of UV LED curing in the printing, coatings, and adhesive industries.

Ultraviolet (UV) LEDs represents LED based UV light sources capable of producing ultraviolet radiation that can be used for various purposes, with curing representing the largest application. Superior attributes of UV-LED that are driving its widespread adoption include enabling thinner heat-sensitive substrates; low energy consuming lamps and curing; offering long lifetime/downtime benefits; easy on/off switching capability; savings in terms of operating costs as well as capital costs; consistent UV output; health and safety benefits; ozone free and hazardous materials free environmental benefits; compact and flexible design benefits; and minimal heat production. UV LED technology continues to exhibit strong growth driven by its steady penetration in the booming UV curing market supported by its superiority over legacy technologies such as mercury lamps. Robust demand for LED-powered UV curing in ink, adhesives and coating industries, in addition to newer applications such as disinfection and purification are primary growth drivers in the market. The growing regulatory pressure across the world on restricting products containing mercury is also expected to bode well for the UV LED technology.

Future growth in the market will be driven by novel applications such as water, air and surface disinfection and purification; and flat panel display manufacturing for mobile phones, touch screens and OLED Television, among others. UV LED technology will also find use in curing ink for decorative bottle printing. Printed ink on glass containers for luxury consumables such as high-end health and beauty products, spirits, beer, cider, and wine will make use of UV LED curing technology for enhanced print quality. UV LED also enables printing Braille for rapid flexibility and personalization of labels and other packaging. Spectroscopic instruments have lately become less expensive with the integration of new UV LEDs which make them lighter and compact. Point-of-use water sterilization systems are expected to emerge as yet another major growth opportunity for UV LEDs in the near term. The use of UVC LEDs will extend even to food, workspace and air sterilization in the coming years, thus benefiting market expansion.

As stated by the new market research report on UV LED Technology, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 46.6% over the analysis period. The growth in the region is driven by rapid UV LED technology penetration across all applications, including the use of UV LED lamps in gemstone identification, photocatalysis and currency detection. UV LED lamps are expected to take over the digital UV printing market in a significant way in the coming years.

Key players covered in the report include Advanced Optoelectronic Technology Inc., Air Motion Systems, Crystal IS, Dowa Electronics Materials Co. Ltd.,   EPILEDS Co. Ltd., Excelitas Technologies® Corp., Genesis Photonics Inc., HexaTech Technology, High Power Lighting Corporation, Lextar Electronics Corporation, LG Innotek, Luminous Devices Inc., Nichia Corporation, Nikkiso Co. Ltd., Nitride Semiconductors Co. Ltd., Panasonic Corporation, Philips Lumileds Lighting Company, Phoseon Technology, SemiLEDs Corporation, and Sensor Electronic Technology Inc., among others.

The research report titled “UV LED Technology: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), and Rest of World. Key application areas analyzed in the report include UV Curing and Others.


Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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