Market Overview:
The global UV light sources market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for UV light sources in various applications such as biomedical science, chemical industry, health care, and others. In addition, the growing awareness about the benefits of using UV light sources is also contributing to the growth of this market. Based on type, LED is expected to be the fastest-growing segment during the forecast period. This can be attributed to its low power consumption and long life span as compared with other types of UV light sources.
Product Definition:
UV light sources are devices that emit ultraviolet radiation. UV light is used in a variety of applications, including curing adhesives and coatings, detecting fraudulent documents, and sterilizing medical equipment.
LED:
LED is a light-emitting diode, which emits light by means of electron transition and ionization. The most commonly used materials for manufacturing LED are silicon, germanium, and gallium. Germanium is used in high power applications due to its low cost whereas silicon & gallium are widely used in general lighting as well as indoor lighting applications owing to their longer life span & higher efficiency respectively.
The global market size was valued at USD 32 billion in 2016.
UV Curing Lamps:
UV curing lamps are used in UV light sources. The wavelength of the UV lamp is between 200-280 nm, which is higher than visible light range. It has longer life and smaller size as compared to conventional incandescent lamps.
The shorter wavelength of the UV lamp makes it easier for the body to absorb energy from it; thus, it can penetrate deeper layers of skin than other lights.
Application Insights:
The other application segment includes the use of UV light sources in various industries such as food, paper, textiles and packaging. The biomedical science segment is expected to be the fastest-growing application over the forecast period owing to increasing research activities in this field.
The growing importance of sterilization techniques for medical applications has led to an increased demand for UV light sources that can deliver precise doses at a faster speed. Moreover, rising awareness about skin damage caused by exposure to harmful UV radiation has resulted in an increased focus on using these devices appropriately by healthcare professionals across the globe. This factor is anticipated to fuel product demand during the forecast period.
In addition, several governments are taking measures against skin cancer cases due largely from past experiences with sunlight exposure and its associated risks involved with it; countries like Australia have made efforts towards regulating safe sun exposure through legislation while others like Germany have taken initiatives towards educating people about sun protection measures through campaigns and public service announcements (PSAs).
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to the presence of a large number of UV light sources manufacturers and suppliers coupled with high demand for advanced technology products from various end-use industries. Moreover, growing awareness regarding skin cancer and related health issues has led to increased adoption of these curing lights in North America region.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing adoption by several end-use industries such as biomedical, chemical, etc., which requires low maintenance & high precision equipment installation process along with minimal contamination during UV light source usage. Furthermore, rising disposable income levels are also anticipated boost regional product demand over the next eight years.
Growth Factors:
- Increasing demand for UV light sources in the medical and healthcare sector for disinfection and sterilization purposes.
- Growing demand from the semiconductor industry for inspection and curing of photoresist materials.
- Rising popularity of LED-based UV light sources, which are more energy efficient as compared to traditional mercury-vapor lamps.
- Proliferation of counterfeit products in various industries, such as pharmaceuticals, cosmetics, and food & beverages, is driving the adoption of UV light sources for authentication purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
UV light Sources Market Research Report
By Type
LED, UV Curing Lamps, UV Lasers, Mercury Vapour Lamps, Other
By Application
Biomedical Science, Chemical Industry, Health Care, Other
By Companies
Hamamatsu, LG Innotek, Seoul Viosys & SETi, Nitride Semiconductors, Nichia, NIKKISO, DOWA Electronics, Philips Lumileds, Epistar, Rayvio, Hamamatsu, HPL, IRTRONIX, Ushio America, Ocean Insight, Boston Electronics Corporation, Opsytec, CtS-TECHNOLOGY, StellarNet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global UV light Sources Market Report Segments:
The global UV light Sources market is segmented on the basis of:
Types
LED, UV Curing Lamps, UV Lasers, Mercury Vapour Lamps, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Biomedical Science, Chemical Industry, Health Care, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hamamatsu
- LG Innotek
- Seoul Viosys & SETi
- Nitride Semiconductors
- Nichia
- NIKKISO
- DOWA Electronics
- Philips Lumileds
- Epistar
- Rayvio
- Hamamatsu
- HPL
- IRTRONIX
- Ushio America
- Ocean Insight
- Boston Electronics Corporation
- Opsytec
- CtS-TECHNOLOGY
- StellarNet
Highlights of The UV light Sources Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED
- UV Curing Lamps
- UV Lasers
- Mercury Vapour Lamps
- Other
- By Application:
- Biomedical Science
- Chemical Industry
- Health Care
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the UV light Sources Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
UV light sources are devices that emit UV radiation. They can be used to treat skin conditions, such as sunburn or acne.
Some of the major players in the uv light sources market are Hamamatsu, LG Innotek, Seoul Viosys & SETi, Nitride Semiconductors, Nichia, NIKKISO, DOWA Electronics, Philips Lumileds, Epistar, Rayvio, Hamamatsu, HPL, IRTRONIX, Ushio America, Ocean Insight, Boston Electronics Corporation, Opsytec, CtS-TECHNOLOGY, StellarNet.
The uv light sources market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 UV light Sources Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 UV light Sources Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 UV light Sources Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the UV light Sources Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global UV light Sources Market Size & Forecast, 2018-2028 4.5.1 UV light Sources Market Size and Y-o-Y Growth 4.5.2 UV light Sources Market Absolute $ Opportunity
Chapter 5 Global UV light Sources Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 UV light Sources Market Size Forecast by Type
5.2.1 LED
5.2.2 UV Curing Lamps
5.2.3 UV Lasers
5.2.4 Mercury Vapour Lamps
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global UV light Sources Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 UV light Sources Market Size Forecast by Applications
6.2.1 Biomedical Science
6.2.2 Chemical Industry
6.2.3 Health Care
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global UV light Sources Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 UV light Sources Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America UV light Sources Analysis and Forecast
9.1 Introduction
9.2 North America UV light Sources Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America UV light Sources Market Size Forecast by Type
9.6.1 LED
9.6.2 UV Curing Lamps
9.6.3 UV Lasers
9.6.4 Mercury Vapour Lamps
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America UV light Sources Market Size Forecast by Applications
9.10.1 Biomedical Science
9.10.2 Chemical Industry
9.10.3 Health Care
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe UV light Sources Analysis and Forecast
10.1 Introduction
10.2 Europe UV light Sources Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe UV light Sources Market Size Forecast by Type
10.6.1 LED
10.6.2 UV Curing Lamps
10.6.3 UV Lasers
10.6.4 Mercury Vapour Lamps
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe UV light Sources Market Size Forecast by Applications
10.10.1 Biomedical Science
10.10.2 Chemical Industry
10.10.3 Health Care
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific UV light Sources Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific UV light Sources Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific UV light Sources Market Size Forecast by Type
11.6.1 LED
11.6.2 UV Curing Lamps
11.6.3 UV Lasers
11.6.4 Mercury Vapour Lamps
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific UV light Sources Market Size Forecast by Applications
11.10.1 Biomedical Science
11.10.2 Chemical Industry
11.10.3 Health Care
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America UV light Sources Analysis and Forecast
12.1 Introduction
12.2 Latin America UV light Sources Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America UV light Sources Market Size Forecast by Type
12.6.1 LED
12.6.2 UV Curing Lamps
12.6.3 UV Lasers
12.6.4 Mercury Vapour Lamps
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America UV light Sources Market Size Forecast by Applications
12.10.1 Biomedical Science
12.10.2 Chemical Industry
12.10.3 Health Care
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) UV light Sources Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) UV light Sources Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) UV light Sources Market Size Forecast by Type
13.6.1 LED
13.6.2 UV Curing Lamps
13.6.3 UV Lasers
13.6.4 Mercury Vapour Lamps
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) UV light Sources Market Size Forecast by Applications
13.10.1 Biomedical Science
13.10.2 Chemical Industry
13.10.3 Health Care
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 UV light Sources Market: Competitive Dashboard
14.2 Global UV light Sources Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hamamatsu
14.3.2 LG Innotek
14.3.3 Seoul Viosys & SETi
14.3.4 Nitride Semiconductors
14.3.5 Nichia
14.3.6 NIKKISO
14.3.7 DOWA Electronics
14.3.8 Philips Lumileds
14.3.9 Epistar
14.3.10 Rayvio
14.3.11 Hamamatsu
14.3.12 HPL
14.3.13 IRTRONIX
14.3.14 Ushio America
14.3.15 Ocean Insight
14.3.16 Boston Electronics Corporation
14.3.17 Opsytec
14.3.18 CtS-TECHNOLOGY
14.3.19 StellarNet