Deep UV LED Market Research Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2032

Deep UV LED Market Size Research Report – In a Glance

As per the Research report on global Deep UV LED market, the market is projected to foresee a CAGR of 63.10% between 2024-2032, and further generate a market size of USD 1,26,792.55 million by the end of 2032. In the year 2023, the market size was valued at USD 941.93 million.

• The global Deep UV LED market is projected to grow on account of the growing need for disinfection solutions.
• In Japan, the Deep UV LED market growth can be attributed to the increase in focus of the government of Japan for water and air purification systems.
• KDMI analyst’s growth analysis foresees huge upfront costs to challenge the market growth.
• The Asia Pacific Deep UV LED market is projected to dominate the global market.

Deep UV LED Market Analysis

The light-emitting diodes (LEDs) that emit ultraviolet (UV) light in the deep ultraviolet spectrum is known as deep UV LED. These light usually ranges within the wavelength of 100 to 280 nanometers (nm). The deep UV LEDs are designed to produce UV radiation within shorter wavelengths when compared to conventional UV lamps.

According to our researchers at KD Market Insights, one of the major factors anticipated to drive the growth of the global deep UV LED market is the growing need for disinfection solutions. The concern for health and hygiene among consumers globally is increasing at a rapid pace. The Centers for Disease Control and Prevention stated that 70% of people globally used basic hygiene services in the year 2020. With an increasing concern for health and hygiene, the demand for deep UV LED-based disinfection solutions is also projected to grow. These disinfection solutions are widely used in water purification, air sterilization, and surface disinfection applications. By using these solutions, one can effectively inactivate he bacteria, viruses, and other pathogens. LumiLEDs Holding BV (Apollo Global Management), Koninklijke Philips NV, and Nordson Corporation are some of the significant parties in the global market for Deep UV LED.

Analyst’s Observation on Japan Deep UV LED Market Research

In Japan, the market growth for deep UV LED can majorly be attributed to the increase in focus of the government of Japan for water and air purification systems, and for the development and adoption of new disinfection technologies by issuing potential subsidies, grants, and relaxed regulations. The government of the nation is looking forward actively to adopt these infection solutions in municipal water treatment plants, healthcare facilities, food processing plants, and building ventilation systems among others. Nichia Corporation, Ushio Inc., and Panasonic Corporation are some of the significant parties in the market for Deep UV LED in Japan.

Deep UV LED Market Growth Drivers and Challenges

Surge in Demand for Semiconductor Manufacturing:

In the process of semiconductor manufacturing, particularly in photolithography for advanced node semiconductor manufacturing fabrication, deep ultraviolet LEDs are known to play a crucial role. Hence, with the rapid surge in demand for semiconductors globally, driven majorly by end-use applications, such as high-performance computing, artificial intelligence, and internet of things (IoT) devices, semiconductor manufacturers are increasingly ramping up production capacity, which is expected to drive the demand for deep UV LEDs, to be used in lithography equipment.

High Concern for UV Exposure:

As deep UV LEDs emit UV radiation, which are known to pose health risks if not properly controlled and managed, hence, the concern about UV exposure is expected to limit its demand, and in turn, hamper the market growth.

Deep UV LED Market Segmentation

Our experts at KD Market Insights have segmented the global Deep UV LED market research report as:

Deep UV LED Market Regional Synopsis

The Asia Pacific deep UV LED market is majorly driven by the increasing focus of the government of the countries in the region to implement stringent regulations and guidelines to address environmental concerns and public health issues by promoting the use of UV Led technology for disinfection and sterilization purposes. On the other hand, the increasing use of deep UV LEDs across several industries, such as manufacturing, healthcare, and food processing in the region, is also expected to create several opportunities for market growth.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific market growth:

• Nikkiso Co., Ltd.
• Seoul Viosys Co., Ltd.
• Nichia Corporation
• Nitride Semiconductors Co., Ltd.
• EpiLEDs Technologies Inc.

Deep UV LED Market Competitive Landscape

Some of the key players who top the global Deep UV LED market share:

• LumiLEDs Holding BV (Apollo Global Management)
• Koninklijke Philips NV
• Nordson Corporation
• Honle UV America Inc.
• Seoul Viosys Co. Ltd
• Nichia Corporation
• SemiLEDs Corporation
• EPIGAP Optronic GmbH
• CRYSTAL IS INC.
• Heraeus Holding GmbH
• FUJIFILM Business Innovation Corp.

Deep UV LED Market Recent Developments

• NICHIA stated that it has begun mass production of another new high radiant flux UV-C LED to help target the inactivation and sterilization of various bacteria and viruses, specifically for industrial water and air applications.
• Silanna UV stated that it would launch its latest Far-UVC Proximity Exposure Module at the 2024 International Ultraviolet Association (IUVA) Americas Conference in Florida this May.