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LEDinside Projects UVC LED Market to Reach US $356M by 2020
Light-emitting diode (LED) manufacturers are now looking to develop niche application markets that can provide higher margins as the price competition in the LED lighting market has become too difficult for them. Among these niche application markets, ultraviolet (UV) LED has attracted investments from many manufacturers because of its enormous market value. The UV LED market has much higher technological barrier to entry, so prices of its products are several tens of times greater than those of the general LED products. LEDinside, a division of TrendForce, states that the global UV LED market in 2015 is estimated at US$122 million, which is around the same level as in 2014, in its 2015 Global LED Industry Supply and Demand Database Report. The absence of noticeable growth in the market value this year is mainly attributed to the rapid decline in UV-A LED prices (UV-A spectrum is between 320~400nm in wavelength).
“On account of the sharp price decline in this year’s UV-A LED market, LED manufacturers that focus on UV applications will step up efforts in technological research and development so that they can advance into the UV-C LED (under 280nm in wavelength) market in the next two years,” said Joanne Wu, LEDinside assistant research manager. “Since UV LED’s ‘blue ocean’ market is based on technological innovations and customizable product designs, manufacturers can expect wider applications to emerge, such as DUV SMS communication. By 2020, the market value of UV LED is projected to reach US$356 million.”
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Customization will bring relief to the price pressure in the UV-A LED market and investments in UV-C LED research will bring breakthroughs
UV-A LEDs are primarily used for curing. Presently, curing also represents 52% of the UV-A market in terms of applications. Wu noted that UV-A LED manufacturers will evade the challenge of price competition by offering highly customizable solutions in the future. This means working closely with curing machine vendors in every aspect of product development, such as the LED wavelength, the design of the UV LED module, the composition of the UV adhesive and the design of the cooling system.
One of the UV-C LED’s applications that have huge growth potential in market value and high product margins is sterilization/purification. Countries that have recently started to invest in the development of UV-C LED products include Japan, the U.S. and South Korea. While the production of UV-C LEDs is waiting for a major breakthrough, the technology is likely reach maturity in 2017, when the ban on mercury-vapor lamps will be implemented. In sum, LEDinside anticipates that demand for UV-C LED solutions to be the main growth driver in the overall UV LED application market in the near future.
LEDinside 2016 LED Market Demand and Supply Analysis
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Backlight Market Trend
Mobile Market
- Smartphones Shipment Grows Steadily
- Mobile LED Shipment and Market Value Outlook
- LED Shifts From Niche to Highly Competitive Market
- Applying Flip Chip Technology into FLASH LED
- OLED’s Estimated Penetration Rate in Mobile Market
TV Market
- TV Shipment Volume Sees Slow Growth
- TV Backlight LED Shipment and Value of Production Outlook
- CSP Flip Chip LED Penetration Rate in TV Backlight Market
- Edge-type LED TV Road Map
- 2016 Edge-type TV LED Specifications
- Direct-type LED TV Road Map
- 2016 Direct-type TV LED Specifications
LED Lighting Market Trend
LED Lighting Market Outlook
- Lighting LED Market Will Enter the Plateau Period During 2015 to 2020
- Middle and Low Power LED Products’ Specifications are Tending to be Concentrated, Competitive Opportunity to Emerge
- 2835 and 3030 LEDs are the Most Competitive in Lighting LED Field
- LED Manufacturers Introduce Higher Performance COB Products to Enhance the Added Value
- CSP LED Solution Price Advantage is Increasingly Evident, However, Production Yields is Low in the Short Term
- Chinese Manufacturers’ are Using Ultra-low Priced Low and Mid Power LEDs to Block CSP LED Applications in Lighting Products
LED Lighting Market Long Term Outlook
- Philips Grabs LED Lighting Market Share with Low Pricing Strategy
- OEM LED Bulb Prices Continue to Decline
- LED Bulb Shipment Volume Growth Increase Target of Lighting Brands is 20% to 30% in 2016
- LED and Conventional Lighting Market Value and Volume
- LED Lighting Replace Expectation
- LED Lighting Industry Trends Expectation
Automotive LED Market Trend
Market Forecast
- Exterior Automotive LED Market Value Steadily Growing
- Exterior Automotive LED Market Volume Steadily Growing
- Interior Automotive LED Market Value Gradually Declining
- Automotive Panel Spurring Interior Automotive LED Volume Growth Momentum
- Standard Power LEDs for Automotive Application Market to Shrivel up From 2015-2020
- Automotive Lighting Product and Power Classification
Product Design
- Automotive H/L Beam LED- High Power Market Applications
- High-end Headlights-Adaptive Driving Beam Advancements
- Active Headlights-ADB Control Strategy
- Mid Class Headlights- Diversified Designs
- Low to Mid Class Headlights-Improvements in C/P Ratio
Display Market Trend
Market Forecast
- Benefit From Increasing Fine Pitch Display, Display LED Market Continues to Grow
- LEDs’ Proportion in Various Cost Structure Displays
Product Design
- Mainstream Fine Pitch Display LED Supplier and Specification
- Fine Pitch Display LED and General Display LED Specifications
- Fine Pitch Display Market Supply Chain Overview
- Display Products Market Size Forecast
- Leasing Display Market is Rapidly Rising
- Major Manufacturers Market Share in Display Application
UV LED Market Trend
Market Forecast
- 2015-2020 UV LED Market Forecast
Product Design
UV Curing Market Application
- Principles of UV Curing
- UV Curing Conditions
- Superior UV Curing Processing Factors
- UV Wavelength Distribution and Optical Design
- UV Irradiance vs. Radiant Energy Density
- UV Resin and Photoinitiator
- Thickness and Energy
- Cooling System
- UV Curing Machine List
- UV Adhesive Manufacturer List
LED Supply Market Analysis
- Analysis of Newly Installed MOCVD Worldwide
- Analysis of LED Chip Manufacturers Utilization Rates By Global Region
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Changes in Global LED Chip Expansion
- Osram to Build LED Chip Plant in Malaysia, Which Could Change The Development of LED Industry
- Potential Changes in The Industry Supply Chain Following the Completion of Lumileds’ Business Transaction to Go Scale Capital
- Impact From China’s 13 Five-Year Plan on LED Industry
- Global LED Wafer Production Outlook
- Severe Imbalanced Oversupply Can Only Be Resolved By the Withdrawal of Second- Tier Manufacturers
For further information about LED industry please click here or contact:
Joanne Wu (Taipei)
joannewu@trendforce.com
+886-2-8978-6488 ext. 912
