Press release
Global Chip-On-Board (COB) LED Market Industry Trends And Statistics analysis by Osram Opto Semiconductors, Citizen Electronics, Cree, Seoul Semiconductor, GE Lighting, Philips Lumileds Lighting, Samsung Electronics, Everlight Electronics, LG Innotek, Lum
The Global Chip-On-Board (COB) LED Market was valued at USD 2,010.5 million in 2017 and is exected to reach USD 5,261.8 million by the end of forecast period with a CAGR of 17.88%.Chip On Board (COB) LED Market - Synopsis
Chip-on-board LED is a type of LED packaging wherein multiple LED chips are bonded directly on a substrate thus forming a module. The small size of LED chip allows high packing density than other technologies such as surface mount resulting in high lighting intensity. Chip-on-board LED is used for several applications out of which spot lighting and directional lighting are some of the major applications under general lighting segment. The increasing adoption of solid-state lighting technology as compared to traditional lighting is paving way for growth of chip-on-board LED market.
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The increasing focus of government across the world to promote energy efficient lighting has led to the rise in demand for LED lighting. Governments of various countries such as US, UK and India among others are providing rebates on energy efficient lights, thus encouraging consumers to buy them. Apart from the government initiatives, chip-on-board LED has several advantages such as reduced power requirements, high light efficacy, better thermal management and a smaller number of solder joints which reduces the risk of loss in performance. These advantages are creating high growth of this market. Also, increasing investment in infrastructure development is further expected to stimulate the growth of chip-on-board LED market. However, the complex manufacturing process of chip-on-board LED which involves selection, mounting, and interconnection of discrete devices hampers the growth of the market.
Chip On Board (COB) LED Market - Key players
The key players in the Chip-on-board LED market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – Osram Opto Semiconductors GmbH (Germany), Citizen Electronics Co. Ltd. (Japan), Cree Inc. (US), Seoul Semiconductor Co. Ltd. (South Korea), GE Lighting (US), Philips Lumileds Lighting Co. (Netherlands), Samsung Electronics Co. Ltd. (South Korea), Everlight Electronics Co. Ltd. (Taiwan), LG Innotek Co. Ltd. (South Korea) and Lumens Co., Ltd. (South Korea). These players contribute a major share in the growth of Chip-on-board LED market.
Apart from the top key players, there are other players that contribute to the market growth. These include Prophotonix (US), Cooper Lighting (US), LumiShore Ltd (UK), Leiso Lighting Tech. Ltd (China), Bridgelux Inc. (US) and others.
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Chip On Board (COB) LED Market - Segmentation
By material, the market is segmented into MCPCB and ceramic. Ceramic is the most typically used material for substrate due to its better thermal performance.
By application, the market is segmented into general lighting, backlighting, automotive lighting and others. General lighting is further segmented into residential, commercial and industrial while backlighting is segmented into smartphones, tablets, monitors, televisions and others. Under automotive lighting, chip-on-board LED market is segmented into interior lighting and exterior lighting.
Chip On Board (COB) LED Market - Regional Analysis
The global market for Chip-on-board LED is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Chip-on-board LED market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, Asia-Pacific is expected to dominate the Chip-on-board LED market during the forecast period owing to largest share in terms of manufacturing and usage. Countries such as Taiwan, South Korea and China are contributing to the major share of the market due to the presence of a large number of vendors in these regions. Some of the major providers of chip-on-board LED such as Citizen Electronics, Seoul Semiconductor and Samsung Electronics are based out of Asia-Pacific and also have a huge customer base within the region as well as across the globe. China is expected to experience high growth during the forecast period due to continuous government efforts such as subsidies and incentives in the region to boost domestic production capacity. North America is the second dominating region in the Chip-on-board LED market followed by Europe due to high number of installations in retail and automotive lighting. Also, the rising investment in infrastructure and rapid technological advancements is expected to drive the growth of chip-on-board LED in these regions
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Chip On Board (COB) LED Market - Intended Audience
Lighting and lighting control system manufacturers
Raw material and manufacturing equipment suppliers
Original equipment manufacturers (OEMs)
General lighting manufacturers/suppliers
Automotive manufacturers/suppliers
Backlighting manufacturers/suppliers
Technology solution providers
System Integrators
Government Agencies
Distributors and resellers
Research organizations
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