Chip-on-board (CoB) Light Emitting Diode (LED) Market Will Generate Record Revenue by 2029

Chip-on-board (CoB) light emitting diode (LED) market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. LED technology is constantly being improved to improve performance, create more use cases, and make it more versatile. The chip-on-board (COB) LED refers to the mounting of an LED chip directly in contact with a substrate, such as silicon carbide (SiC) or sapphire, to produce LED arrays. COB LEDs is a newer and more advanced entrant to the market, and they have several notable advantages over older LED technologies. CoB LEDs offer higher benefits as compared with traditional LEDs such as surface-mounted LEDs or dual in-line package LEDs. Chip-on-board LEDs have higher packing density making them emit higher intensity of light and provide uniformity in light.

This is achieved using several diodes-often nine or more-whereas older LED iterations commonly use only one (DIP LEDs) or three (SMD LEDs). Also makes it uses a single circuit design with two contacts irrespective of the number of diodes used on the chip, making LEDs far simpler. The higher intensity and greater uniformity of light reduce the energy consumption of the LED array while keeping light output constant. Thus, the demand for efficient lighting is met using chip-on-board LEDs. This is a primary factor why their application has been in great demand in sectors such as the automobile automotive industry, consumer electronics, general lighting, display and signage industry, and others. The growth of the market is also led by various measures taken by governments across the regions to promote efficient lighting technology. For instance, in February 2022, the European Union released updated regulations under the Ecodesign Directive and the Restriction of Hazardous Substances Directive that will together eliminate virtually all fluorescent lighting in 2023. Also, according to International Energy Agency, in Africa, 16 countries in the Southern African Development Community (SADC) have adopted a regionally harmonized lighting standard to push LEDs in the market pawing a way for efficient lighting with reduced cost, consumption, and carbon emission. Similarly, countries in East African Community (EAC) have also adopted lighting regulations to phase out fluorescent.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Material

· By Application

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

• Competitive Landscape- including Lumens Co., Ltd., OSRAM GmbH, Samsung Electronics Co., Ltd., Citizen Electronics Co., Ltd., Wolfspeed, Inc., and others.

Chip-on-board (CoB) Light Emitting Diode (LED) Market Report Segment

By Material

· Metal Core Printed Circuit Board (MCPCB)

· Ceramics

By Application

· General Lighting

· Backlighting

· Automotive Lighting

· Others (Illumination)

A full Report of Chip-on-board (CoB) Light Emitting Diode (LED) Market is Available @ https://www.omrglobal.com/industry-reports/cob-led-market

Chip-on-board (CoB) Light Emitting Diode (LED) Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· 3DZ S.P.A.

· Bridgelux, Inc.

· Citizen Electronics Co., Ltd.

· Cooper Lighting, LLC

· EVERLIGHT ELECTRONICS CO., LTD.

· LEISO Lighting (Dongugan) Tech Co.,Ltd

· Lextar Electronics Corp.

· LG Innotek Co., Ltd.

· Luminus, Inc.

· Lumishore

· NEO-NEON HOLDINGS LTD.

· NICHIA CORP.

· PerkinElmer U.S. LLC

· ProPhotonix Ltd.

· Savant Systems, Inc.

· Seoul Semiconductor Co., Ltd.

· Sharp Group

· Tridonic GmbH & Co KG

· Wolfspeed, Inc.

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2. More than 120 countries are for analysis.

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