According to the recent research report titled ‘Asia Pacific UV LED Market Forecast 2027 By Application, By Type, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’ available with MarketStudyReport, Asia Pacific UV LED market is expected to generate revenues worth USD 800 million by the year 2027.

The major factors driving the Asia Pacific UV LED market growth are rising R&D activities, and widespread product adoption in applications such as printing, forensic, phototherapy, sterilization, and curing. Growing popularity of indoor farming and horticulture are also favoring the overall market outlook in Asia-Pacific.

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UV curing refers to the use of high-intensity ultraviolet light to dry adhesives. Because the results are significantly superior and rejection rates are minimal, this method is preferred over traditional drying methods, further emerging to be ideal for both bonding and pressure-sensitive adhesive applications.

UV lights are supposed to enhance resin-producing plants, such as medical marijuana, by improving the therapeutic advantages of the plant. Indoor harvesting using UV LED lights can increase the synthesis of polyphenols, which have antioxidant and anti-aging characteristics, further adding traction to the overall market size.

The Asia Pacific UV LED marketplace is segmented on the basis of application type, product category, and regional landscape. The application segment is diversified into UV curing, disinfection & sterilization, medical light therapy, counterfeit detection, and other segments. Among these, the UV curing segment is poised to grow at a CAGR of 22% through 2027.

Meanwhile, Asia Pacific UV LED industry landscape, based on the product spectrum, is segregated into UV-A, UV-B, and UV-C segments.

The regional landscape of this business vertical extends to Japan, India, China, and South Korea. The report cites that Japan UV LED market share is anticipated to record a CAGR of 18.5% through 2027, primarily due to rapid developments in optical sensing technologies driven by UV-LEDs.

The competitive landscape of Asia Pacific UV LED industry is defined by companies such as Seoul Viosys Co. Ltd., SemiLEDs Corporation, Shenzhen Refond Optoelectronics Co. Ltd., OSRAM Opto Semiconductors GmbH, Nitride Semiconductors, Co. Ltd., Nikkiso Co. Ltd., Nichia Corporation, Marktech Optoelectronics, Luminus Inc., Lumileds Holding B.V., Lumex Inc., LITE-ON Technology Corporation, Lextar Electronics Corporation, Ivy Bridge Technology, Hongli Zhihui Group Co. Ltd., Epitop Optoelectronic Co. Ltd.,   DOWA Electronics Materials Co. Ltd., Crystal IS Inc., Boston Electronics Corporation, and Bivar Inc.