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Global UV LED Technology Market to grow at a CAGR of 38.72% during 2016-2020

Press Release   •   Jan 12, 2017 03:59 EST

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.

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

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.

Download Sample Copy of Report at http://www.marketresearchreports.biz/sample/sample/794209

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?