The deep uv led global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Deep UV LED Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 in the historic period can be attributed to the rise in biotechnology applications, the rise of consumer electronics, increased demand for disinfection, increased public health awareness, and increased use in healthcare.
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 growth in the forecast period can be attributed to the growing demand for sterilization for water purification, an increase in scarcity of pure water, a growing demand for semiconductor lithography, increased research and development investments, and a rise in biotechnology applications. Major trends in the forecast period include ongoing innovations in semiconductor materials, miniaturization of LED devices, improvements in LED efficiency and lifespan, advancements in semiconductor technology, and the development of high-performance thermal management solutions.
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Scope Of Deep UV LED Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Deep UV LED Market Overview
Market Drivers –
The increasing concern over water scarcity is expected to propel the growth of the deep UV LED market going forward. Water scarcity refers to the lack of sufficient available water resources to meet the demands of water usage within a region. This condition can result from a variety of factors, including physical shortages, over-extraction of water, pollution, and inefficient water management. Deep UV LEDs are used in water scarcity situations to purify and disinfect water, making it safe for drinking by eliminating harmful microorganisms. Their energy efficiency and compact size make them suitable for portable and decentralized water treatment systems. For instance, in January 2021, according to the United Nations International Children’s Emergency (UNICEF), a US-based organization, four billion people (almost two-thirds of the world’s population) will experience severe water scarcity for at least one month each year. Additionally, by the year 2040, approximately 25% of children globally will reside in regions facing extremely severe water scarcity. Therefore, the increasing concern over water scarcity is driving the growth of the deep UV LED market.
Market Trends –
Major companies operating in the deep UV LED market concentrate on developing advanced products that utilize technologies such as scanning projection stereolithography (SPSL) to overcome challenges in the UV range. SPSL is a 3D printing technology that combines scanning and projection methods to build parts by selectively curing photosensitive resin layer by layer, allowing for faster printing speeds compared to traditional stereolithography. For instance, in October 2022, The Silanna Group Pty. Ltd., a US-based semiconductor company, unveiled two new UV-C LEDs, the SF1-3T9B5L1 and the SN3-5T9B5L1, which come in a TO-can package format. The SF1-3T9B5L1 is a far UV-C emitting device with a peak wavelength of 235 nm, effective for water quality detection of nitrate and nitrite, gas detection of carbon dioxide, and liquid chromatography. The SN3-5T9B5L1 is a powerful deep UV-C LED with a peak wavelength of 255 nm, effective for water quality detection of COD (chemical oxygen demand) and TOC (total organic carbon), as well as gas detection for ozone (O3) and medical.
The deep UV LED market covered in this report is segmented –
1) By Type: P-type Gallium Nitride (PGaN), Aluminum Gallium Nitride (AlGaN), Other Types
2) By Distribution Channel: Direct, Indirect
3) By Applications: Sterilization, Purification, Water Treatment, Light Source, Other Applications
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Deep UV LED Market Report Structure
3. Deep UV LED Market Trends And Strategies
4. Deep UV LED Market – Macro Economic Scenario
5. Deep UV LED Market Size And Growth
…..
27. Deep UV LED Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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