Albany, NY -- (SBWIRE) -- 08/26/2016 -- About Global UV LED Technology Market

The global UV LED technology market is expected to grow at CAGR of 38.72% during 2016-2020. These LEDs find its adoption in a wide range of applications, which are expected to evolve more in the future. UV curing equipment manufacturers were the largest consumer of UV LEDs in 2015, accounting for 90.65% market share.

Technavios analysts forecast the Global UV LED Technology Market to grow at a CAGR of 38.72% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global UV LED technology market for 2016-2020. To calculate the market size, the report considers the revenue generated from UV-A LEDs, UV-B LEDs, and UV-C LEDs.

The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW

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Technavio's report, Global UV LED Technology Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
HexaTech
Crystal IS
LG Innotek
SemiLEDs
Nichia
Philips Lumileds

Other prominent vendors
Advanced Optoelectronic Technology
Heraeus Holding
Honle
Integration Technology
Luminus Devices
Lextar Electronics
Nordson
Nitride Semiconductors
Panasonic
Phoseon
Seoul Viosys
Sensor Electronics Technology

Market driver
Decline in manufacturing cost of UV LED packages over time
For a full, detailed list, view our report

Market challenge
Design and integration issues in manufacturing phase
For a full, detailed list, view our report

Market trend
Adoption of UV LEDs in consumer electronics
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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