2023 Deep UV LED Market Trend and Product Analysis- Ready for a Comeback

According to TrendForce’s 2023 Deep UV LED Market Trend and Product Analysis, the pandemic woes in China affected both supply chains and new project investments across the UV-A LED sector in 2022, where the market demand for PCB exposure machines and LCD lamination equipment—related to consumer electronics—dropped dramatically. In the UV-C LED sector, most home appliance manufacturers delayed product development plans due to weak consumer spending, indicating their lower willingness to introduce UV-C LED products. Further, UV LED manufacturers adopted low pricing strategies with hopes of increasing orders and revenue, throwing UV-A/UV-C LED prices into chaos. Overall, the UV LED market value for 2022 plunged to USD 207 million.

Moving in to 2023, major UV LED manufacturers will maintain the target on double-digit growth. Moreover, projects involving UV-C LED applications are likely to be relaunched thanks to less strict COVID-19 restrictions in China. UV-C LED manufacturers are also racing to develop air disinfection, household water purification and industrial / commercial water markets. To meet the requirements of high power disinfection, the said companies will roll out single-chip high power products and novel integrated packages. The UV LED market value is jumping to USD 411 million in 2027 with a 2022-2027 CAGR of 15%.