UV LED market is expected to grow at a compound annual growth rate of 28.67% over the forecast period to reach a total market size of US$599.556 million from US$132.148 million in 2015.
Demand of the UV LED across ink, adhesive and coating industries for the process of curing plays a significant role in the development of UV LED market.
Factors such as increasing need to validate currency, air and water purification and general and horticulture lighting are driving the growth of this market. Usage of these LEDs in chip manufacturing and biomedical devices are other factors augmenting the need for these solutions. Due to advancement in technology, UV LED has penetrated into various industries such as medical, agriculture, security, horticulture along with industrial and chemical curing.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of UV LED. Complete industry analysis has also been covered through Porter's five forces model as a part of this report section.
Key industry players profiled as part of this section are Lumileds, LG Innotek, Honle Group, Genesis Photonics, Nordson Corporation, SemiLeds Corporation and Nichia Corporation along with others.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. UV LED Market Forecast by type (US$ million)
6. UV LED Market Forecast by End User Industry (US$ million)
7. UV LED Market Forecast by Geography (US$ million)
8. Competitive Intelligence
9. Company Profiles
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