Press release
Chip On Board LED Market Size & Share - Industry Trend and Forecast 2016 - 2024
The main objective of this report is to define, describe, and forecast the global “Chip On Board LED” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Chip on board (COB) Light Emitting Diode (LED) is the latest technology of packaging multi LED into one lighting module. Chip diodes of LED are bonded into the PCB by the manufacturers, making thermal conductivity move towards the circuit board resulting in lower heat emission. LED light source is preferred over traditional lighting due to its longer life span and brightness. But normal LED may cause uncomfortable glare which is further rectified in COB LED. Furthermore chip on board LED lights provide higher intensity along with homogenous luminosity helping in the rise in demand for chip on board LED lights globally. In addition to this advancement in design through innovation along with cost savings by large scale manufacture of COB LED lights further enhances the demand for chip on board LED lights. Application wise global chip on board LED market can be segmented into automotive, illumination and backlighting among others.
Global chip on board LED market on the basis of geography can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Use of chip on board LED reduces heat emission as compared to normal LED lights which forms a major reason for the growth of chip on board market globally. This along with uniform luminescence and better quality of light than normal LEDs further has pushed the demand for chip on board LED lights worldwide. Other than it provides huge cost advantage helping the manufacturers in large scale module manufacturing of chip on board LEDs further acting as major drivers to help increase demand for global chip on board LED lights. In addition to this stringent environmental norms by government worldwide has increased usage of chip on board LED lights which consumes less power and has lower environmental hazards than traditional lights helping this market to grow. Maintaining operating temperature is extremely crucial for chip on board LED lights which becomes difficult for the manufacturers and poses as a major restraint for growth of chip on board LED market globally. Other than this manufacturers use aluminium as a substrate for producing chip on board LED lights to reduce costs which declines the overall reliability of the product thereby negatively affecting the global chip on board LED market. Efficient heat dissipation along with wide area emitters make chip on board LED lights viable across different application areas like streetlights and other general lighting system providing huge opportunities for the growth of this market in future.
Geographically, Asia Pacific region holds the major market share for chip on board LED market globally. Asia pacific also forms the fastest growing market with China being the largest market contributing to this growth followed by South Korea and Taiwan. Rising government investments to promote light emitting diodes along with stringent government measures for promoting environment friendly lights are some of the major factors which have positively impacted global chip on board light emitting diode market. In addition, rising awareness among people regarding the positive effects of using chip on board LED lights. This is also fueling the growth of chip on board LED market in Asia Pacific both in terms of manufacturing as well as usage of chip on board LED lights. It is followed by North America and Europe where advanced lighting system especially for various infrastructural purposes pushed by strict government norms to use environment friendly lights is pushing demand for chip on board LED lights.
Some of the major players operating in the global chip on board LED market includes OSRAM (Germany), Everlight Electronics (Taiwan), Nichia (Japan), Samsung (South Korea), CREE Inc. (US), Philips Lumileds Lighting (US), Cooper Lighting (US), PerkinElmer (US), Sharp Electronics (Japan), Lextar Electronics Corporation (Taiwan) and Seoul Semiconductor (South Korea) among others which are present in the market globally.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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