The global UVC LED Chips market is anticipated to exhibit significant CAGR of 17.2% during the forecast period (2021-2027). The growing demand for UVC LED chips owing to its tremendous applications is  a key factor driving the growth of the global UVC LED chips market. In February 2021, Osram had invested in UV LED specialist Bolb Inc. to acquire around 20% share of Bolb Inc. via its venture capital arm Fluxunit.

The company made this strategic investment to build block for the development of cutting-edge UV-C LED products for disinfection of water, surfaces and air. With this investment Osram is further expanding its technological know-how of disinfection applications with UV-C light. The growing investment by the companies in the development of UVC LED chips production facilities is further likely to drive the growth of the global UVC LED chips market. 

Impact of COVID-19 pandemic on UVC LED Chips industry

The COVID-19 pandemic has made positive impact on the demand for UVC LED Chips market. The UVC LED chips plays major role in air/water disinfectant. The UVC LED has proven test results and data to eradicate the COVID 19 virus as it is over 80.0% airborne and ventilation systems are prime carriers. To make advancement in this chip to eradicated the spread of COVID-19 virus NexNord Technologies Inc. entered into partnership with Nichia LED in February 2021 to create a life saving venue that installs easily in any air duct ventilation system. 

Both the companies has announced their plans to work with the University of Western Ontario ImPakt Research Centre in London Ontario to partner with other COVID-19 technology that detects the COVID-19 in the air. This technology combined with our UVC LED product in the air ventilation system would guarantee early detection and then eradication of the virus in a combined effort of technologies. Approval of this system to eradicate the impact of COVID-19 pandemic is expected to drive the growth of the UVC LED chips market. 

Segmental Outlook  

The UVC LED Chips market is segmented on the basis of output power range and application. Based on output power range, the UVC LED Chips market is segmented into 0-10 mW,, 10-30 mW, 30-50 mW, and >=50 mW. Based on application, the market is segmented into air/water disinfectant, biosensing, medical & scientific, and others. 

Air/ Water Disinfectant held Considerable Share based on Application

The high demand for UVC LED chips in water and wastewater treatment plants as air/water disinfectant is a key factor driving the growth of this market segment. Additionally, the growing traction for proper disinfectant technologies along with increasing concerns for hygiene and safety, especially in the healthcare and food and beverage industries, is likely to drive demand. However, medical & scientific segment is anticipated to exhibit considerable growth during the forecast period. The rising demand for UV systems in medical sector is a key factor aiding to the growth of this market segment.

Global UVC LED Chips Market Share by Application, 2020 (%)

Regional Outlook 

The global UVC LED Chips market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. In 2020, the North America held considerable market share of XX% in UVC LED Chips market. The high demand for UVC Led chips from end-user industries such as healthcare, electronics, and water treatment among others is a key factor driving the growth of the regional market. The presence of key market players in the region such as International Light Technologies Inc., Lite-On Technology Corp. and Photon Wave. Co. Ltd. among others is further contributing to the growth of the regional market.

Global UVC LED Chips Market Growth, by Region 2021-2027

Asia-Pacific will augment With the Significant Growth Rate in the UVC LED Chips Market 

Asia-Pacific is projected to showcase highest CAGR of XX% during the forecast period. The rise in the number of water treatment projects, growing medical infrastructure development, and increasing investment in the biosensing technologies are some of the key factors driving the growth of the regional market. In December 2019, SPML Infra has secured new wastewater treatment project orders worth a total of $30million in India. The wastewater treatment projects are in the states of UP and Haryana. The company has to carry out these contracts for UP Jal Nigam, Varanasi and Haryana State Industrial and Infrastructure Development Corporation at Bahadurgarh. Such type of project development is likely to create demand for UVC LED chips across the region.

Market Players Outlook

The global UVC LED Chips market is characterized by the presence of several market players that are catering to a wide range of customers across the globe. Some of the key vendors of UVC LED Chips include Advanced Optoelectronic Technology Inc., Crystal Is, Inc. (Asahi Kasei Company), EPI LEDs Co., Ltd. Nikkiso Co. Ltd., Nitride Semiconductors Co., Ltd, Optotech Optikmaschinen Gmbh, Osram Licht AG and so on. The key vendors of the UVC LED Chips are adopting several growth strategies such as mergers & acquisition, collaboration, and partnership, product launches and so on to remain competitive in the UVC LED Chips market. 

Recent Development 

• In December 2020, Osram Opto Semiconductors had announced the Oslon UV 3636 portfolio of UV LEDs that emit at 275 nm in the UV-C band (100–280 nm) that is effective in germicidal applications. The company announced this products to enhance its presence in the UVC LED chips market.

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global UVC LED Chips market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.