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Global UV LED market to grow at CAGR 38.72% till 2020

Global UV LED market to grow at CAGR 38.72% till 2020

Jan 9, 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.

According to the the report, Global UV LED Technology Market 2016-2020, the key vendors of this domain is  HexaTech, Crystal IS, LG Innotek, SemiLEDs, Nichia, Philips Lumileds. Other prominent vendors are
Advanced Optoelectronic Technology, Heraeus Holding, Honle, Integration Technology, Luminus Devices, Lextar Electronics, Nordson, Nitride Semiconductors, Panasonic, Phoseon, Seoul Viosys, Sensor Electronics Technology.

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