Position Sensors Market Trends, Size, Analysis and Forecast to 2022

Technavio Announces the Publication of its Research Report Global UV LED Technology Market 2016-2020

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-led-technology-market-2016-2020

Commenting on the report, an analyst from Technavios 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 GaN-on-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...