Albany, NY -- (SBWIRE) -- 01/04/2017 -- 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.

The global UV LED technology market to grow at a CAGR of 38.72% during the period 2016-2020. 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

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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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