Curing, sterilization and purification to drive UV LED market

UV LED technology has been quickly stretching into various application markets such as curing, sterilization and purification equipment. LEDinside of TrendForce estimates the total value of the UV LED market worldwide to grow from US$166 million in 2016 to US$555 million in 2021 at compound annual growth rate (CAGR) of 27%. UV LED products existing in the market or being developed fall under two major divisions within the UV light spectrum namely UV-A (320~400nm in wavelength) and UV-C (under 280nm in wavelength). Currently, the main source of UV-A LED demand comes from the curing market. Joanne Wu, assistant research manager of LEDinside says, “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”. “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.” Further findings shared by LEDinside includes: LEDinside Moreover calculates that the total market value of UV LEDs for the curing application ...