TechNavio recognizes the following companies as the key players in the Global UV LED Market: Nichia Corp., Phoseon Technology, SemiLEDs Corp., and Sensor Electronic Technology Inc.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Global UV LED market is the rapid technological advancements. The performance and application of UV LEDs is constantly increasing with these advancements. These advancements also provide substantial cost, energy, and space saving opportunities for end-users when compared with the use of alternate technologies. The lifespan of UV LEDs has also increased by more than 50,000 hours due to these rapid technological advancements.”
According to the report, one of the main factors driving the market is the increased need for security. Thefts related to the use of counterfeits products, such as counterfeit passports, fake currency notes, and fake casino coins, is rising, due to which there is a need for increased security in places such as casinos, airports, and banks.
Further, the report states that one of the main challenges is the unsatisfactory efficiency of lower wavelength applications. In several applications, such as fingerprint identification, medical light therapy, water sterilization, and polymer curing, wavelengths used are very less.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Aquionics Inc., Dot Metrics technologies Inc., Luminus Devices Inc., and Seoul Opto Device Co. Ltd.
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. For further information on this report, please visit https://www.technavio.com/report/global-uv-led-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global UV LED Market 2012-2016
