In 2021, the overall revenue of the UV LED industry reached a new high of nearly 3 billion yuan for the first time, and is expected to reach 10.75 billion yuan by 2025. Under the joint promotion of all parties, the UV LED industry has entered a stage of stable growth after experiencing an explosive growth stage in 2020. The market has great potential for development. In particular, UVC-LED has a trend to replace mercury lamps, and its application scenarios will continue to expand. , Deeply penetrates into various fields.
The overall market size reaches 3 billion
From the data, it can be seen that the overall scale of UV LED in 2020 will exceed RMB 2 billion for the first time, and the growth rate of UVC-LED will exceed UVA-LED for the first time; UVC-LED will decline slightly in 2021, but the UVA-LED market has begun to pick up, and overall stability has been achieved. increase;
From the perspective of the overall UV LED market development trend, due to the sharp rise and fall of UVC-LED, the output value of UVC will exceed UVA in 2020 for the first time, but it will be overtaken by UVA in 2021. The market share of UVC-LED will be equal to that of UVA-LED from 2022. There will be a chance to surpass the output value of UVA-LED market by 2023;
By 2025, experts say Research predicts that the UV LED market size will be 2.960 billion yuan in 2021 and 10.719 billion yuan in 2025, with a compound growth rate of 39.26% from 2021 to 2025, and UVC-LED will reach a market share of over 60%.
Different bands have heat in their respective fields
It is understood that UV LEDs have different application areas in different industries according to different wavebands. UVA is generally used for industrial curing, currency verification and anti-counterfeiting, UVB is generally used for skin disease treatment and pest control, and UVC is concentrated in the field of disinfection and sterilization. At present, many portable disinfection and sterilization products adopt UVC-LED disinfection and sterilization solutions.
In particular, the UVC-LED industry that has attracted much attention, due to the impact of the new crown epidemic, heroes from all walks of life have entered or added to the UVC-LED disinfection and sterilization market, breaking the price curse of low-power chips. In 2021, there have been three positive changes:
1. The entry of a large international LED manufacturer, which proves that this industry is a field with high growth or obvious potential;
2. Many big terminal brands release UVC-LED products. 2021 is regarded as the first year of white goods application due to the addition of global home appliance brands;
3. With the successive release of safety regulations/safety guidelines, countries, associations, and third-party organizations have given guidance and support in the standards.
The three bands use their unique advantages in their respective fields and combine upstream and downstream manufacturers to produce products suitable for each different scenario to meet the needs of the industry.
Industry development trends in the next 3-5 years
"UV LED Wind Direction" believes that the entire industry is still developing upwards. 2019 to 2021 are the explosive period of the industry, and the next 3-5 years will enter the mature period, which is more generally accepted by consumers. At the same time, the industry development trend is also concentrated in three aspects:The application scenarios are expanded, the power of the product itself is improved, and the cost is reduced.
1. Application scenarios continue to expand
In the era of pursuing efficiency and health, UV LEDs have been given an alternative role, mainly to replace mercury lamps that currently have potential safety hazards, involving curing, sterilization, medical and other scenarios. At present, a large number of UV LED-based applications have been demonstrated and promoted in traditional industries, such as elevator handrail killing, security check killing, logistics package killing, 3D printers, flatbed printers, etc., which will be extended in application scenarios To the needs of people's livelihood, urban governance and other fields.
2. Improve the performance of the product itself
The current power of UV LED can meet some markets, but it is far from reaching the threshold for large-scale commercial use. It will inevitably need to go through the development of low-power to high-power. Consumers' habits, adding products equipped with UVC-LED sterilization and disinfection modules as additional functions to the products that consumers use as standard equipment can gain the favor of the market to a certain extent.
3. Cost reduction
Cost is also one of the factors that affect the large-scale application of the market. With the optimization of light source wavelength, product structure and materials, the light utilization rate of civil and industrial products has increased significantly. The overall performance of UV LED products has improved in the past two years, and the future The key to the overall product price drop is the drop in the cost of UV LEDs. It should be noted that improving the light efficiency of the product will affect the composition of the product cost and may lead to higher costs. Therefore, manufacturers need to find a balance between light efficiency and cost according to the actual situation of the product.
Summary: The expansion of the market scale means more abundant scenarios. It is believed that through technology digestion, absorption, independent research and development, and cost reduction, coupled with the impact of the new crown epidemic and the impact of countries around the world on their environmental protection policies, the benefits of supply-side reforms will be highlighted. The LED industry is expected to maintain a certain rate of growth in the future.
