UV LED Technology Market Analysis, Share and Size, Emerging Trends, Overview and Outlook, Growth And Segment Forecasts To 2020 Technavio Announces the Publication of its Research Report – Global UV LED Technology Market 20162020 Technavio recognizes the following companies as the key players in the global UV LED technology market: HexaTech, Crystal IS, LG Innotek, SemiLEDs, Nichia, and Philips Lumileds. Other Prominent Vendors in the market are: Advanced Optoelectronic Technology, Heraeus Holding, Honle, Integration Technology, Luminus Devices, Lextar Electronics, Nordson, Nitride Semiconductors, Panasonic, Phoseon, Seoul Viosys, and Sensor Electronics Technology. Browse full report with TOC@ https://marketreportscenter.com/reports/368551/global-uv-ledtechnology-market-2016-2020 Commenting on the report, an analyst from Technavio’ s team said: “Emergence of low-cost GaN-on-Si LEDs will be a key trend for market growth. Most of the market manufactures GaN-on-Sapphire LEDs. However, limited availability and robust competition in LED sapphires have resulted in shifting of some key manufacturers such as Cree to GaN-on-Si LEDs. GaN-on-Si LEDs are the latest development in the LED market. Silicon wafers are abundantly available and less expensive compared to sapphire. Producers of GaN-on-Si LED manufacturers are leveraging the already penetrated market for silicon wafers to achieve economies of scale through volume production. This leads to the production of low-cost GaNon-Si LEDs. GaN-on-Si can pose a tough competition to sapphire-made LEDs, as these are potential substitutes to sapphires regarding cost benefits. ”According to the report, ban on mercury-based UV lighting solutions will be a key driver for market growth. Mercury-based lighting solutions, such as incandescent lamps, are banned due to their environmental concerns, thus resulting in a rise in the adoption of LED lighting source. This is the same scenario in the UV lighting market as well. UV LEDs are non-hazardous source of UV radiation, as these LEDs are ozone and mercury free and have other energy-saving properties that enhance sustainability. OEMs around the world are thus investing heavily in UV LED technology to reduce their power supply cost and adhere to legislative changes by replacing mercury-based UV lamps. Numerous environmental regulations worldwide are expected to further fuel the adoption of UV LEDs. Further, the report states that high cost of substrates will be a challenge for the market. Epilayers of AlGaN-based materials on AIN substrates are used to fabricate UV-A LEDs, as these provide better costto-performance ratio than other materials. Manufacturers often prefer using bulk AlN substrate for UVB and UV-C LEDs, as these have better efficiency and power output at device level. It is easier to grow AlGaN-based materials on AlN substrates compared to conventionally used sapphire. These substrates are available in small sizes and are 2.5-4 times more expensive than sapphire wafers. This increases the overall UV LED production cost for manufacturers and limits market growth. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/368551 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. Technavio’ s 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 indepth 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. To Get Discount On The Report @ https://marketreportscenter.com/request-discount/368551 Connect for more details: Sam Collins Market Reports Center 1-646-883-3044 (US) info@marketreportscenter.com
According to the report, ban on mercury-based UV lighting solutions will be a key driver for market growth. Mercury-based lighting solutions, such as incandescent lamps, are banned due to their environmental concerns, thus resulting in a rise in the adoption of LED lighting source
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