According to a research report titled ‘Europe UV LED Market Forecast 2027 By Type, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe UV LED industry is estimated to accumulate revenue of about US $200 million by 2027.

The prime factor responsible for Europe UV LED market growth is the increase in the implementation of devices that are technologically advanced in the pharmaceutical manufacturing industry. Also, the significant benefits like energy efficiency provided by UV LED technology is supporting its widespread adoption.

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On top of that, the utilization of UV LED by the automotive sector for multiple use cases, and extensive usage of UV adhesive curing systems for automotive electronics coating, assembly applications, and packaging will also impel the industry share. 

Furthermore, wide utilization of technology in bio-pharmaceutical field for phototherapy and innovative drug production will stimulate the market outlook.  

Considering the types, Europe UV LED market is classified into UV-A, UV-B, and UV-C. The UV-A segment share is estimated to grow with 14% CAGR through 2027, owing to its capability of destroying bacteria-related infections and providing a consistent supply of light. Properties like reduced energy consumption, shorter wavelength, and accurate lighting are encouraging the companies to invest in the technology.

Speaking of the application scope, the market is segmented into counterfeit detection, medical light therapy, UV curing, optical sensing & instrumentation, disinfection & sterilization, and others. Among these, disinfection & sterilization segment is estimated to record 15.5% CAGR through 2027, owing to the increasing demand from hospitals. UV-based disinfection systems like UV-dosimeter and automated disinfecting robots are being used in hospitals to combat the Covid-19 pandemic.

Talking about the regional spectrum, Germany market is anticipated to grow with a 17.5% CAGR through 2027, on account of massive sales of vehicles. Notably, Germany is a hub for automakers, hence there is high demand for UV LED solutions for automotive applications.

The leading players in Europe UV LED market includes sglux SolGel Technologies GmbH, Shenzhen Refond Optoelectronics Co. Ltd., Nitride Semiconductors Co. Ltd., Nichia Corporation, Luminus Inc., Lumex Inc., Lextar Electronics Corporation, Inolux Corporation, Crystal IS Inc., Bivar Inc., Seoul Viosys Co. Ltd., OSRAM Opto Semiconductors GmbH, NIKKISO Co. Ltd., Marktech Optoelectronics, Lumileds Holding B.V., Lite-On Technology Corporation, Ivy Bridge Technology Co. Ltd., DOWA Electronics Materials Co. Ltd., and Boston Electronics Corporation.