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UV LED Market Share

Report ID: GMI5113
Published Date: Aug 2024
Report Format: PDF

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UV LED Market Share

Nichia Corporation and Seoul Viosys Co., Ltd. collectively held a significant share of the UV LED business in 2023. Nichia Corporation, a leading innovator in the LED industry, is a major player in market. Founded in 1956 and headquartered in Japan, Nichia is renowned for its pioneering work in high-brightness blue and white LEDs. The company has expanded its expertise into the UV LED sector, making significant advancements in UV-C technology.

Seoul Viosys Co., Ltd. is a prominent player in the UV LED industry, renowned for its innovative advancements in ultraviolet technology. The company is a leader in developing high-performance UV LEDs that cater to a variety of applications, including disinfection, curing, and sensing.

UV LED Market Companies

Major players operating in the UV LED industry are:

Nichia Corporation
Seoul Viosys Co., Ltd.
Stanley Electric Co., Ltd.
LG Innotek
Lumileds Holding B.V.
OSRAM Opto Semiconductors GmbH
Crystal IS, Inc.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of UV LED was worth over USD 1.3 billion in 2023 and is anticipated to witness over 15% CAGR between 2024 and 2032, due to continuous advancements in UV LED technology

The UV LED industry from the commercial segment will record over 15% CAGR between 2024 and 2032, led by heightened awareness of hygiene and cleanliness

North America UV LED market size is expected to reach USD 2 billion by 2032, fueled by technological advancements and high adoption rates across healthcare, industrial, and commercial sectors.

Nichia Corporation, Seoul Viosys Co., Ltd., Stanley Electric Co., Ltd., LG Innotek, Lumileds Holding B.V., OSRAM Opto Semiconductors GmbH, and Crystal IS, Inc.