UV Curing System Global Market Report 2024

The uv curing system market size has grown rapidly in recent years. It will grow from $3.17 billion in 2023 to $3.64 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. Historical growth can be attributed to several factors including a rising focus on electric vehicles (EVs), increased adoption of UV curing technology in 3D printing, heightened emphasis on lightweighting processes, and growing demand from the packaging industry.

The uv curing system market size is expected to see rapid growth in the next few years. It will grow to $6.06 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. Anticipated growth in the forecast period is linked to global population growth, urbanization trends, and supportive government initiatives. Key trends expected in this period involve technological advancements, emphasis on microwave UV curing technology, focus on hybrid LED (Light-Emitting Diode) UV retrofit systems, new product launches, and fostering strategic partnerships and collaborations.

The UV curing system market is expected to experience growth driven by the increasing awareness of environmental conservation. The heightened awareness of environmental issues has led to a greater adoption of UV curing systems. For instance, as reported by India Today, there is a growing consciousness among individuals about taking action to preserve the environment. A survey conducted by Brainly on climate change and environmental conservation revealed significant findings, including the fact that over half (55%) of students expressed plans to plant more trees in their neighborhoods to commemorate World Environment Day. Additionally, 86% of respondents indicated that their schools encourage tree planting and reducing plastic usage, with 73% of students using online platforms to enhance their understanding of environmental issues. Notably, a majority of students (58%) are actively participating in eco-friendly activities such as tree planting. This increasing awareness of environmental conservation is a driving force behind the growth of the UV curing system market.

The UV curing system market is anticipated to experience growth due to the increasing prevalence of chronic illnesses. The rising incidence of chronic diseases has led to an elevated demand for imaging tools, with ultrasound playing a crucial role in early disease detection and cost-effective treatment. The surge in chronic diseases has resulted in higher demand for healthcare services, including increased patient visits, hospital admissions, and surgeries. According to the National Library of Medicine in the USA, the population aged 50 years and older with at least one chronic disease is projected to rise by 99.5% from 71.522 million in 2020 to 142.66 million by 2050. Consequently, the escalating prevalence of chronic illnesses is expected to drive the growth of the UV curing system market during the forecast period.

Technological advancements stand out as a significant trend gaining traction in the UV curing system market. Companies within this market are actively engaged in developing innovative products to enhance the usage of UV curing systems and optimize profitability. A noteworthy example is the introduction of the DVZ high-dose UV LED curing system by Integration Technology in November 2021. This UV LED head, leveraging XT 8 booster technology, is equipped with the VARIcool auto-adjusting cooling system to maximize UV performance.

Artificial intelligence (AI) is becoming a prominent trend in the UV curing system market, particularly in the field of medical imaging. An example of this trend is the launch of the Hera W10 Elite, a new women’s health ultrasound system by Samsung in February 2023. This innovative system incorporates advanced visualization features, AI-aided tools, and clinical applications specifically tailored for Obstetrics and Gynecology. Among its capabilities are 2D and 3D visualizations of microcirculatory and slow blood, along with an Advanced MV (microvascular)-Flow feature. Additionally, it features a larger organic light-emitting diode (OLED) display, enhancing the characterization of diverse ultrasound images. The integration of AI in ultrasound technology showcases a growing trend toward leveraging advanced technologies for improved medical imaging capabilities.

In March 2023, GE Healthcare, a US-based medical technology company, acquired Caption Health for an undisclosed amount. This strategic acquisition intends to leverage Caption Health's AI software expertise in the ultrasound field. By combining GE Healthcare's ultrasound instruments with Caption Health's AI software, the aim is to improve early disease diagnosis and enhance diagnostic accuracy in medical imaging, particularly in ultrasound examinations.

Major companies operating in the uv curing system market report are Heraeus Holding, Panasonic Holdings Corporation, Kyocera Corporation, Omron Corporation, Dr. Hönle AG, Excelitas Technologies, IST METZ GmbH & Co. KG, Dymax, Miltec UV, Baldwin Technology, Rathi UV Curing Chambers, Sunsight Solutions, P3 Machines, Guangdong Haohui New Materials Co Ltd., SaoSA Technology Co Ltd., Dongguan Kongshi Technology Co Ltd., Shenzhen Zhengdasheng Chemical Co Ltd., Nanxiong Ketian Chemical Co Ltd., Phoseon Technology, Nordson Corporation, Air Motion Systems Inc., Group Tanzor, Heidelberg-Cis, Capital-Leader, Acces Ru, Sun Chemical, Importprint, American Ultraviolet Co, Specialty Coating Systems, Thermal Innovations Corp, Ellsworth Adhesives, Rexcel Coatings Corp, Big Systems, Rapid Pump & Meter/ Machinery Services Corpare, Lanin Comercio E Representacoes Ltda, Hanovia-uv, Jelight Company Inc., Solar Light Company Inc., Uvitron International, RadTech South Africa.

North America was the largest region in the UV curing system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the uv curing system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the uv curing system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Two primary types of UV curing systems include spot cure and flood cure. UV spot cure systems utilize rod lenses and single or multi-pole light guides of varying diameters and lengths for diverse curing options. These systems often utilize high-intensity LEDs instead of traditional metal-halide or mercury-arc lamps. Technologies employed in UV curing systems encompass mercury lamp, microwave lamp, arc lamp, and UV LED, utilizing different pressures such as high pressure, medium pressure, and low pressure. UV curing systems find applications in printing, bonding and assembly, coating and finishing, disinfection, among other purposes. Their usage spans across industries such as aerospace and defense, automotive and transportation, construction and architecture, semiconductor and electronics, medical, and other sectors.

The UV curing system market research report is one of a series of new reports that provides UV curing system market statistics, including UV curing system industry global market size, regional shares, competitors with a UV curing system market share, detailed UV curing system market segments, market trends and opportunities, and any further data you may need to thrive in the UV curing system industry. This UV curing system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The UV curing system market consists of sales of hand-held curing and conveyor curing. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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