GLOBAL UV LED MARKET FORECAST & OPPORTUNITIES. MARKET INTELLIGENCE. CONSULTING

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GLOBAL UV LED MARKET

FORECAST & OPPORTUNITIES

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Review Period 2015 –2018 Base Year 2019 Estimated Year 2020 Forecast Period

Year Range

REGION • North America • Europe

• Middle East & Africa • Asia-Pacific

• South America

UV Light Emitting Diodes (LEDs) are a solid-state device that produces light when an electrical current

is allowed to flow from the positive (p-type or anode) side of the circuit to the negative (n-type or

cathode) side.

Market Segmentation

APPLICATION • Curing

• Disinfection and Purification • Medical • Security • Others TECHNOLOGY • UV-A LED • UV-B LED • UV-C LED

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1. Product Overview (A brief description of the category and product inclusions considered under the scope of the study to give clear picture to the client about the product of interest.)

2. Research Methodology_{under the scope of the study to give clear picture to the client about the product of interest.)}(A brief description of the category and product inclusions considered 3. Executive Summary (This chapter covers summary of the complete study.)

4. Voice of Customer

5.

Global UV LED Market Outlook, 2016-2026F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative

information about the market.) 5.1.

Market Size & Forecast (This chapter would include the market size i.e., the revenue generated from the Global UV LED market in one year. In this case, the market size will be provided in value terms for historic period (2016-2019); current/base year (2020); estimated year (2021E); and forecast (2022-2026)

5.1.1. By Value (USD Million)

5.2. Market Share & Forecast (By Value) (The overall product of interest bifurcated/split among_{various segments.)} 5.2.1. By Technology (UV-A LED, UV-B LED and UV-C LED)

5.2.2. _Others)By Application (Curing, Disinfection and Purification, Medical, Security and 5.2.3. By Company (2020)

5.2.4. By Region

5.3. Product Market Map (By Technology) 5.4. _{Product Market Map (By Application)}

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6.1. Market Size & Forecast

6.1.1. By Value (USD Million) 6.2. Market Share & Forecast (By Value)

6.2.1. By Technology 6.2.2. By Application 6.2.3. By Country

6.3. Asia Pacific: Country Analysis

6.3.1. India UV LED Market Outlook, 2016-2026F 6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value (USD Million) 6.3.1.2. Market Share & Forecast (By Value)

6.3.1.2.1. By Technology 6.3.1.2.2. By Application 6.3.2. China UV LED Market Outlook, 2016-2026F

6.3.2.1. Market Size & Forecast

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6.3.3. Japan UV LED Market Outlook, 2016-2026F 6.3.3.1. Market Size & Forecast

6.3.3.2.1. By Technology 6.3.3.2.2. By Application

6.3.4. South Korea UV LED Market Outlook, 2016-2026F 6.3.4.1. Market Size & Forecast

6.3.5. Australia UV LED Market Outlook, 2016-2026F 6.3.5.1. Market Size & Forecast

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7.2.1. By Technology 7.2.2. By Application 7.2.3. By Country 7.3. Europe : Country Analysis

7.3.1. United Kingdom UV LED Market Outlook, 2016-2026F 7.3.1.1. Market Size & Forecast

7.3.2. Germany UV LED Market Outlook, 2016-2026F 7.3.2.1. Market Size & Forecast

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7.3.3. France UV LED Market Outlook, 2016-2026F 7.3.3.1. Market Size & Forecast

7.3.3.2.1. By Technology 7.3.3.2.2. By Application 7.3.4. Italy UV LED Market Outlook, 2016-2026F

7.3.4.2.1. By Technology 7.3.4.2.2. By Application 7.3.5. Spain UV LED Market Outlook, 2016-2026F

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8.3. North America: Country Analysis

8.3.1. United States UV LED Market Outlook, 2016-2026F 8.3.1.1. Market Size & Forecast

8.3.2. Canada UV LED Market Outlook, 2016-2026F 8.3.2.1. Market Size & Forecast

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8.3.3. Mexico UV LED Market Outlook, 2016-2026F 8.3.3.1. Market Size & Forecast

8.3.3.2.1. By Technology 8.3.3.2.2. By Application 9. Middle East & Africa UV LED Market Outlook, 2016-2026F

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia UV LED Market Outlook, 2016-2026F 9.3.1.1. Market Size & Forecast

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9.3.1.2.2. By Application

9.3.2. South Africa UV LED Market Outlook, 2016-2026F 9.3.2.1. Market Size & Forecast

9.3.2.2.1. By Technology 9.3.2.2.2. By Application 9.3.3. UAE UV LED Market Outlook, 2016-2026F

9.3.3.2.1. By Technology 9.3.3.2.2. By Application 9.3.4. Qatar UV LED Market Outlook, 2016-2026F

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10. South America UV LED Market Outlook, 2016-2026F 10.1. Market Size & Forecast

10.3. South America: Country Analysis

10.3.1. Brazil UV LED Market Outlook, 2016-2026F 10.3.1.1. Market Size & Forecast

10.3.2. Argentina UV LED Market Outlook, 2016-2026F 10.3.2.1. Market Size & Forecast

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10.3.2.2.2. By Application

10.3.3. Colombia UV LED Market Outlook, 2016-2026F 10.3.3.1. Market Size & Forecast

11. Market Dynamics (This chapter assesses the major demand drivers and restraints.) 11.1. Drivers

11.2. Challenges

12. Market Trends & Developmentsor consumption, market movements in terms of points of production and consumption,(This section captures recent trends pertaining to manufacturing advancements and development)

13. Impact of COVID-19 on Global UV LED Market

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles (Top 10 Leading Companies) 14.2.1. Company Details

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14.2.4. Key Market Focus & Geographical Presence 14.2.5. Recent Developments

14.2.6. Key Management Personnel

14. Strategic Recommendations

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✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews Data Collection Developing List of Respondents Formulating Questionnaire Market

Profiling _ValidationData

Data Analysis

In-depth secondary research was conducted to

determine top players in the global UV LED market,

overall market size and segmental market size.

In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry

specialists was developed.

TechSci conducted interviews with industry experts and

industry players for data collection and

verification. Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to

obtain qualitative and quantitative insights about

the global UV LED market.

Data Collection

Data Filter

& Analysis IntelligenceResearch &

Actionable

Insights Business_Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion ✓ Market Participants ✓ Key Strengths ✓ LinkedIn ✓ TechSci Internal Database ✓ Factiva ✓ Hoovers Paid Sources ✓ Company Websites ✓ Company Annual Reports

✓ White Paper Study

✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. Secondary Research Primary Research

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Our dedicated team of industry experts has monitored and analyzed various aspects of the global UV LED market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as less consumption of less energy when compared to mercury lamps. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global UV LED market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as companies, suppliers, distributors, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15–20 companies, 100–120 end users, 15–20 industry experts and other value chain stakeholders in the global UV LED market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.

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company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares shares by technology, by application, by each region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of UV LED market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global UV LED market, TechSci Research used various forecast techniques such as:

✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis

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the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ Seoulviosys Co., Ltd. ▪ Nichia Corporation

▪ Nitride Semiconductors .Co.,Ltd. ▪ Phoseon Technology ▪ LG INNOTEK ▪ Semileds Corporation ▪ Nordson Corporation ▪ Lumileds Holding B.V. ▪ Koninklijke Philips N.V. ▪ Crystal IS Inc. ▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge Repository ▪ Company Annual Reports

▪ Industry Magazines ▪ Industry Reports ▪ News Dailies

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USD 351.20 Million in 2019 and is forecast to grow at CAGR of over 26.12% in the next five years to surpass USD 1350.31 Million through 2025.

UV LED is a device which can generate light when an electric current is allowed to pass through it. The growth of the market is attributed to the

widespread adoption of UV LED in various applications including curing, disinfection and purification, medical and others. Additionally, high

luminous efficiency of UV LED is further expected to propel the market during forecast period. Furthermore, UV LED consumes less power than

mercury lamps and is considered to be more environment friendly option with longer life. Moreover, increasing government support in US and

European region is anticipated to positively impact the growth of market. For instance, in November 2018, Acuva Technologies Inc., a Canada

based UV-C LED water disinfection technology company, received an investment of USD 2.1 million under Western Innovation (WINN) Initiative

of Canadian government in order to support the commercialization and development of

company’s UV-C LED based water disinfection

technology.

The global UV LED market is segmented based on technology, application, region and company. Based on technology, the market can be

categorized into UV-A LED, UV-B LED and UV-C LED. Among technologies, UV-A LED dominated the market in 2019 and is anticipated to hold

its dominance in the market throughout the forecast period owing to its wide application in UV curing especially in ink, coating and adhesives;

counterfeit detection; tanning; etc. Moreover, UV-C LED technology is expected to register the highest growth during forecast period owing to the

increase in demand for surface, air and water disinfection and purification. Additionally, during COVID-19, the demand of UV-C LED has

increased significantly owing to its ability to sterilize and disinfect surfaces. As a result, South Korea based Seoul Viosys, a subsidiary of Seoul

Semiconductor, has witnessed over five folds increase in customer inquiries in February 2020 since January 2020 for its violeds UV LED

products which is ideal for sterilization of bacteria.

Seoulviosys Co., Ltd., Nichia Corporation, Nitride Semiconductors .Co.,Ltd., Phoseon Technology, LG INNOTEK, Semileds Corporation,

Nordson Corporation, Lumileds Holding B.V., Koninklijke Philips N.V. and Crystal IS Inc. are some of the leading players operating in global UV

LED market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost

their share. For instance, in September 2019, Phoseon Technology launched a water cooled UV LED named FirePower FP401

for mid and

wide-web UV curing applications. Moreover, in July 2020, Signify launched portable Philips UV-C Disinfection system in order to effectively

inactivate COVID-19 virus.

“North America dominated the global UV LED market in 2019 and is expected to hold its dominance in the market throughout the forecast

period, owing to the early adoption and increasing focus on research & development in UV LED in the region. Additionally, presence of large

scale manufacturing industries in medical, automotive and electronics among others, which are witnessing significant adoption of UV curing, is

further anticipated to spur the market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global

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5.00 6.00 7.00 8.00

9.00 10.00

2015 2019 2020E 2025F

By Value (USD Million)

CAGR By Value CAGR By Value

XX%

YY%

North America UV LED Market Share, By Technology, By Value, 2015–2025F

35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

UV-A LED UV-B LED UV-C LED

North America UV LED Market Share, By Application, By Value, 2015–2025F

20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

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Report Name: GLOBAL UV LED MARKET

FORECAST & OPPORTUNITIES

2015

–

2025

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TechSci Research is a global market research and consulting companywith offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique‘bottom-up’model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

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