LEDinside Forecasts Value of Global UV LED Market to Reach US$166 Million in 2016

In 2016, UV LED technology has been rapidly expanding into various application markets including curing, sterilization and purification equipment. The total value of the UV LED market worldwide is estimated to grow from US$166 million in 2016 to US$555 million in 2021 at compound annual growth rate (CAGR) of 27%, according to the 2016~2021 Global LED Industry Demand and Supply Database Report by LEDinside, a division of TrendForce.
 
Most UV LED products that are on the market or being developed fall under two major segments within the UV light spectrum: UV-A (320~400nm in wavelength) and UV-C (under 280nm in wavelength). Presently, the main source of UV-A LED demand comes from the curing market. 
 
“The value of the entire UV-LED market has remained constant at US$122 million in 2014 and 2015 mainly because of the heated price competition among UV-A suppliers,” said Joanne Wu, assistant research manager of LEDinside. “However, curing equipment manufacturers in Europe, the U.S. and Japan are compelled to increasingly adopt UV LED solutions ahead of the worldwide ban on mercury vapor lamps in 2020. Hence, there will be a large wave of UV LED demand related to the replacement and modification of curing equipment. The curing market together with other applications will propel the global market value of UV LEDs to US$555 million in 2021.”
 
LEDinside furthermore estimates that the total market value of UV LEDs for the curing application will grow at a CAGR of 19% in the 2016~2021 period, from US$81 million to US$195 million. The market penetration of UV LED curing modules is also forecast to reach 50~60% by 2020.
 
As for UV-C LEDs, Wu pointed out that their applications include the preservation of fresh food and the purification of air and water. “The potential demand from these application markets are enormous,” said Wu. “As the technology continues to improve, the global market value of UV-C LEDs for the sterilization/purification application is forecast to grow at a high CAGR of 56% from US$28 million in 2016 to US$257 million in 2021.”
 
Wu noted there are high technological barriers to overcome when it comes to the manufacturing of UV-C LED products. “Difficult challenges exist in epi-wafer production, chip making and packaging” said Wu. “The market acceptance of UV-C LED products is also an issue. Though mainstream UV-C LEDs are generally high-end quartz packages, UV-C LEDs that use low-cost, silicone packages are also arriving on the market. Promoted by LED suppliers, silicone packages are mainly used for inexpensive consumer products as they have low current and short life time.”

The UV-C LED technology will improve rapidly as an increasingly number of major LED suppliers plan to launch products at the end of 2016. Presently, main UV-C LED suppliers are located in the U.S., Japan and South Korea. In the fourth quarter, the market can expect new UV-C solutions from Japan’s Nichia and several Taiwanese LED suppliers.

2016 UV LED and IR LED Application Market Report
Release: 08 April 2016
Language: Chinese / English
Format:  PDF
Page: 271
 
PART ONE 2016 UV LED Application Market
UV LED Market Overview
UV LED Market Forecast Analysis
  • 2015-2020 UV LED Market Scale- By Product
  • 2015-2020 UV LED Market Scale- By Application
  • 2013-2015 UV LED Market Price Survey
  • UV LED Market Opportunities and Challenges
UV-A LED Market Technology
  • UV-A LED Product Specification and Application Requirement- Epi Wafer, Chip, Package, Module
  • UV-A LED Player Progress
  • UV-A LED Chip Product Analysis
  • UV-A LED Package Product Analysis
UV-A LED Application Market Opportunities and Challenges
  • General Curing Market
  • UV Technology Requirements in Curing Application Markets
  • Superior UV Curing Processing Factors
  • UV LED Module Manufacturer List
  • UV Curing Machine List
  • UV Adhesive Manufacturer List
  • General Curing Market v.s. Eqposure Machine Curing Market
  • General Curing Market
  • Coating Application Market Requirement and Equipment Manufacturer List
  • Laminating Application Market Requirement and Equipment Manufacturer List
  • Inkjet Printing Application Market Requirement and Equipment Manufacturer List
  • Nail Curing Application Market Requirement and Equipment Manufacturer List
  • 3D Printing Application Market Requirement and Equipment Manufacturer List
  • Air Purification Application Market Requirement and Equipment Manufacturer List
  • Special Curing Market
  • Exposure Machine Market Requirement and Equipment Manufacturer List

UV-A LED Major Players and Business Model Analysis (Chip, Package, Module, System)

  • Europe
  • USA
  • Japan
  • Korea
  • Taiwan
  • China
UV-C LED Market Technology
  • UV-C LED Product Specification and Application Requirement- Epi Wafer, Chip, Package, Module
  • UV-C LED Player Progress
  • UV-C LED Chip Technology Challenges and Product Analysis
  • UV-C LED Package Technology Challenges and Product Analysis
UV-C LED Application Market Opportunities and Challenges
  • UV-C LED Market Opportunities
  • UV-C LED Market Opportunities- Application Market and Equipment Manufacturer List
UV-C LED Major Players and Business Model Analysis (Chip, Package, Module, System)
  • USA
  • Japan
  • Korea
  • China
2016-2018 UV Market Value Chain Analysis
  • 2015 UV Market Value Chain Analysis
  • 2016-2018 UV Market Value Chain Analysis
 
PART TWO 2016 IR LED Application Market
Infrared LED Market Overview
Infrared LED Market Scale
  • Infrared LED Market Scale- By Application
Infrared LED Market Technology
  • Infrared LED Chip
  • Infrared LED Package
Infrared LED Application Market Opportunities and Challenges
  • Security Surveillance Market
         Product Design, Manufacturer Supply Chain, Market Scale, and Opportunity and Challenge
  • Iris  v.s. Face Recogenition
         Product Design, Manufacturer Supply Chain, Market Scale, and Opportunity and Challenge
  • Optical Sensor- Reflective Pulse Oximetry Sensing Module
         Product Design, Manufacturer Supply Chain, Market Scale, and Opportunity and Challenge
  • Optical Sensor- Proximity Sensor
         Product Design, Manufacturer Supply Chain, Market Scale, and Opportunity and Challenge
  • IR LED in Automated Drive System
         Product Design, and Opportunity and Challenge
Infrared LED Major Players and Business Model Analysis (Chip, Package / IR LED, Optical Sensor)
  • EU and USA
  • Japan
  • Korea
  • Taiwan
  • China
 
If you would like to know more details, please contact:
 
Joanne Wu (Taipei)
joannewu@trendforce.com
+886-2-8978-6488 ext. 912
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