UV LED Technology Market Share, Size, Trends and Research Report 2016

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.
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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.
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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.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

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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