Chip-on-Board LED Market in APAC grow tremendously at a CAGR of about 34.79% by 2020

Albany, NY, 12 JAN : Although the traditional surface-mounted device (SMD) LED light sources were energy efficient, they had disadvantages such as the lesser spread of lighting, glare effects, higher heat generation, and low lifespan. COB LEDs are advanced LED lighting sources in which many LEDs are packaged in a single module. These LEDs are manufactured using techniques such as wire bonding, die attachment, and encapsulation. Furthermore, COB LEDs do not require a designated circuit for proper functioning, which makes it easier to install them.

Technavios analysts forecast the chip-on-board (COB) LED market in Asia-pacific (APAC) to grow at a CAGR of 34.79% during the period 2016-2020.

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Covered :
The report covers the present scenario and the growth prospects of the chip-on-board (COB) LED market in Asia-pacific (APAC) for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of COB LEDs and its application.

Segments based on application:
Automotive lighting
Backlighting
General lighting

Technavio's report, Chip-On-Board (COB) LED Market in Asia-Pacific (APAC)2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Citizen
Cree
Lumileds Holding B.V.
Nichia
OSRAM
Samsung
Seoul Semiconductor

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Other prominent vendors
Everlight Electronics
LG Innotek
Lumens

Key driver
Growing application of COB LEDs across industries
For a full, detailed list, view our report

Key challenge
Technical limitations of COB LEDs
For a full, detailed list, view our report

Key trend
Growing demand for COB LEDs in general lighting segment
For a full, detailed list, view our report

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This release was published on openPR.