NEWS
NEWS
Global UV LED market briefing and trend from 2022 to 2027
29-04-2023
According to the recent market survey by TrendForce, in the year 2022, the UV-A LED market was hit much in China market because of very strigent covid-19 restrictions and lock down measures. Also, UV-C LED was introduced to home appliances slowly due to weak consumer spending. Many UV LED manufacturers had adopted low pricing strategies in order to increase orders and revenue. It is reported that the total value of global UV LED market volume was nearly USD 207 million in the year 2022.
In the year 2023, many UV LED manufacturers are optimistics about the market target at doublw-digit growth. UV-C LED manufacturers are focusing on faster development of air disinfection,household water purification, industrial and commerical water disinfection. Currently, UV-C LED’s optical power reaches 40-120mW (350mA). Regarding single-chip products, Nichia, ams OSRAM, LITEON, UVT, and Stanley have announced ≥100mW UV-C LED products. Noticeably, The single chip UV-C LED by LITEON has an optical power level of of 175mW (600mA) based on its latest light extraction patents.Asahi Kasei (Crystal IS), Violumas, and NKFG plan to roll out their ≥100mW UV-C LEDs with better product reliablity featuring in a lifetime of ≥10,000 hours (R70 earlier in the year 2023. All of them will develop more single-chip high power disinfection products and newest integrated packages.
The deep UV LED covers UV-B LED and UV-C LED based on which more and more applications have constantly be created. World-famous players such as Seoul Viosys, Nichia, ams OSRAM, Asahi Kasei (Crystal IS), LITEON, and Samsung are putting more efforts into home appliance, industrial and commercial, and flowing water to avert the chaotic price competitions of low quality products competitions. Due to fierce price competitions, the UV-C LED market will see a great shuffle in coming years, however, the suppliers with high cost-effectiveness will still take the lead in coming years.
In terms of UV LED supplier revenue ranking in 2022, Seoul Viosys will be still No.1 and secure its top position in the year 2023. Nichia came in second, followed by Asahi Kasei (Crystal IS) in third place. By developing UV Micro LED business, Nitride Semiconductors saw only a 10% dip in UV LED revenue in year 2022.
Deep UV LED includes UV-B LED and UV-C LED, and that various applications have constantly emerged. However, the coexistence of products with high and low quality has made the market slightly chaotic. Nonetheless, Seoul Viosys, Nichia, ams OSRAM, Asahi Kasei (Crystal IS), LITEON, and Samsung LED have released high optical-power UV-C LEDs with high reliability, and put more effort into the home appliance, industrial and commercial, and flowing water sterilization markets. It is thus believed that they will help create more applications for the UV-C LED market. As TrendForce predicts, due to intense price competition, the UV-C LED market is likely facing a major shuffle in the coming years, where suppliers launching products with high quality and cost competitiveness will gain the lead.
It is estimated that the total volume of global UV LED market will be up to USD 411 million in 2027 at a CAGR of 15% from the year 2022 to 2027. The Asia Pacific region is expected to have a significant share of the global UV LED industry, which arise from the increasing investments by the leading manufacturers to develop and expand UV LED technology in the region. In addition, the more market demand for water sterilisation and purification , coupled with the rapidly increasing population in the region, is aiding the market growth.The global UV LED market value is estimated to be up to USD 411 million in 2027 with CAGR growth rate 15%.
In the year 2023, many UV LED manufacturers are optimistics about the market target at doublw-digit growth. UV-C LED manufacturers are focusing on faster development of air disinfection,household water purification, industrial and commerical water disinfection. Currently, UV-C LED’s optical power reaches 40-120mW (350mA). Regarding single-chip products, Nichia, ams OSRAM, LITEON, UVT, and Stanley have announced ≥100mW UV-C LED products. Noticeably, The single chip UV-C LED by LITEON has an optical power level of of 175mW (600mA) based on its latest light extraction patents.Asahi Kasei (Crystal IS), Violumas, and NKFG plan to roll out their ≥100mW UV-C LEDs with better product reliablity featuring in a lifetime of ≥10,000 hours (R70 earlier in the year 2023. All of them will develop more single-chip high power disinfection products and newest integrated packages.
The deep UV LED covers UV-B LED and UV-C LED based on which more and more applications have constantly be created. World-famous players such as Seoul Viosys, Nichia, ams OSRAM, Asahi Kasei (Crystal IS), LITEON, and Samsung are putting more efforts into home appliance, industrial and commercial, and flowing water to avert the chaotic price competitions of low quality products competitions. Due to fierce price competitions, the UV-C LED market will see a great shuffle in coming years, however, the suppliers with high cost-effectiveness will still take the lead in coming years.
In terms of UV LED supplier revenue ranking in 2022, Seoul Viosys will be still No.1 and secure its top position in the year 2023. Nichia came in second, followed by Asahi Kasei (Crystal IS) in third place. By developing UV Micro LED business, Nitride Semiconductors saw only a 10% dip in UV LED revenue in year 2022.
Deep UV LED includes UV-B LED and UV-C LED, and that various applications have constantly emerged. However, the coexistence of products with high and low quality has made the market slightly chaotic. Nonetheless, Seoul Viosys, Nichia, ams OSRAM, Asahi Kasei (Crystal IS), LITEON, and Samsung LED have released high optical-power UV-C LEDs with high reliability, and put more effort into the home appliance, industrial and commercial, and flowing water sterilization markets. It is thus believed that they will help create more applications for the UV-C LED market. As TrendForce predicts, due to intense price competition, the UV-C LED market is likely facing a major shuffle in the coming years, where suppliers launching products with high quality and cost competitiveness will gain the lead.
It is estimated that the total volume of global UV LED market will be up to USD 411 million in 2027 at a CAGR of 15% from the year 2022 to 2027. The Asia Pacific region is expected to have a significant share of the global UV LED industry, which arise from the increasing investments by the leading manufacturers to develop and expand UV LED technology in the region. In addition, the more market demand for water sterilisation and purification , coupled with the rapidly increasing population in the region, is aiding the market growth.The global UV LED market value is estimated to be up to USD 411 million in 2027 with CAGR growth rate 15%.
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