Deep UV LED Global Market Report 2024

The deep UV LED market size has grown exponentially in recent years. It will grow from $1.06 billion in 2023 to $1.85 billion in 2024 at a compound annual growth rate (CAGR) of 74.2%. The growth observed in the historical period can be attributed to several factors, including the increasing adoption of biotechnology applications, the proliferation of consumer electronics, rising demand for disinfection solutions, heightened public health awareness, and expanded utilization in healthcare settings.

The deep UV LED market size is expected to see exponential growth in the next few years. It will grow to $17.09 billion in 2028 at a compound annual growth rate (CAGR) of 74.3%. The anticipated growth in the forecast period can be attributed to various factors, including the increasing demand for sterilization in water purification, a rise in the scarcity of clean water, growing demand for semiconductor lithography, heightened investments in research and development, and an increase in the adoption of biotechnology applications. Key trends expected in this period encompass continuous innovations in semiconductor materials, the miniaturization of LED devices, enhancements in LED efficiency and longevity, advancements in semiconductor technology, and the emergence of high-performance thermal management solutions.

The deep UV LED market is poised for growth due to increasing concerns about water scarcity. Water scarcity occurs when available water resources are insufficient to meet the demands of a region's water usage, often resulting from various factors such as physical shortages, over-extraction, pollution, and poor water management. Deep UV LEDs play a crucial role in addressing water scarcity by purifying and disinfecting water, eliminating harmful microorganisms to make it safe for consumption. Their energy efficiency and compact design make them ideal for portable and decentralized water treatment systems. For example, according to a report by the United Nations International Children's Emergency Fund (UNICEF) in January 2021, an estimated four billion people, representing nearly two-thirds of the global population, will face severe water scarcity for at least one month each year by the year 2040, with approximately 25% of children residing in regions experiencing extreme water scarcity.

Leading companies in the deep UV LED market are focused on developing innovative products that leverage technologies such as scanning projection stereolithography (SPSL) to address challenges in the UV range. SPSL, a 3D printing technology, combines scanning and projection methods to selectively cure photosensitive resin layer by layer, enabling faster printing speeds compared to traditional methods. For instance, in October 2022, The Silanna Group Pty. Ltd., a US-based semiconductor company, introduced two new UV-C LEDs, the SF1-3T9B5L1 and the SN3-5T9B5L1, both packaged in TO-can format. The SF1-3T9B5L1 emits far UV-C with a peak wavelength of 235 nm, suitable for applications such as water quality detection and gas sensing. The SN3-5T9B5L1 is a powerful deep UV-C LED with a peak wavelength of 255 nm, effective for water quality detection and gas sensing, as well as medical applications.

In May 2023, Halma plc, a UK-based safety equipment company, acquired Sewertronics Sp. Z o.o. for $44.59 million, enhancing its portfolio with innovative UV LED technology for repairing wastewater pipelines and reducing water usage, energy consumption, and CO2 emissions. Sewertronics Sp. Z o.o., based in Poland, specializes in deep UV LED technology for the curing and repair of wastewater pipelines.

Major companies operating in the deep UV LED market are LG Corporation, Lite-On Technology Corporation, Stanley Electronics, Nikkiso Corporation Limited, SANAN Optoelectronics, Hongli Zhihui Group, Seoul Viosys Corporation, Crystal IS, Epileds Technologies, HexaTech Incorporated, Sensor Electronic Technology, Inc. (SETi), RayVio Corporation, Photon Wave Corporation, Nitride Semiconductors Corporation Limited, Bytech Electronics Co. Ltd., High Power Lighting Corporation, Qingdao Jason Electric Corporation Ltd., DOWA ELECTRONICS MATERIALS Corporation Limited, Roithner Lasertechnik GmbH, Nichia Corporation.

Asia-Pacific was the largest region in the deep UV LED market in 2023. The regions covered in the deep UV LED market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the deep UV LED market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Deep ultraviolet light-emitting diodes (UV LEDs) are semiconductor devices that emit ultraviolet light in the deep UV spectrum, typically ranging from 200 to 280 nanometers. They find applications in sterilization and medical diagnostics due to their effective eradication of microorganisms. These LEDs present a compact, energy-efficient alternative to conventional mercury-based UV light sources.

The primary types of deep UV LED include P-type gallium nitride (PGaN), aluminum gallium nitride (AlGaN), and others. Aluminum gallium nitride (AlGaN) serves as a semiconductor material utilized in deep ultraviolet light-emitting diodes (DUV LEDs). Distribution channels encompass both direct and indirect methods, catering to various applications such as sterilization, purification, water treatment, light sources, and more.

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

The deep UV LED market consists of sales of UV-B LEDs, UV-C LEDs, and single-chip high-power UV-C LEDs. 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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