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Global Chip on Board (COB) Light Emitting Diode (LED) Market Size, Share, Development, Growth and Demand Forecast to 2020
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The chip on board light emitting diode requires less space, has greater reliability and is energy efficient. Additionally, they also offer homogenous luminosity and high intensity, which makes them more suitable for high power applications. Consumers are adopting chip on board light emitting diode at a rapid rate, due to the introduction of solid lighting technology in them. The increased adoption of chip on board light emitting diode by various lighting application segments, for gaining benefit over traditional technologies, such as incandescent lighting and CFL is also supporting the growth of the global market.
Among the various regions, the Asia-Pacific market led the global market in 2014, and is also expected to maintain its dominance during the forecast period. Moreover, the Asia-Pacific market is also expected to grow with the highest rate in the coming years. This is due to increasing government initiatives of choosing chip on board light emitting diode over traditional technologies, and large number of market participants in the region. As the production of COB LED needs huge capital investment, the debt crisis in Europe has negatively impacted the demand of chip on board light emitting diode in the region. The North American market is expected to grow in the coming years, due to growing usage of ultra-modern lighting in several industries and government support. Dubai is also contributing to the growth of the global market, due to huge investments in infrastructure activities in the country.
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Among the various applications, the illumination segment led the global market in 2014 and is also expected to grow with the highest rate during the forecast period. This is due to enhanced wide area light radiating property of COB LED. The backlighting application of COB LED is also expected to grow with a considerable rate in the coming years, due to growing number of applications in LED televisions, monitors, and handheld devices.
Chip on board is a technology of LED packaging through which, the uncoated semiconductor elements are precisely mounted on a PCB with the support of a non-conductive or conductive adhesive. This form of packaging delivers better light distribution capacity and presents enhanced flexibility. Chip on board light emitting diode have better thermal management, a long life span, greater reliability, considerable energy saving capability, and less space requirement. COB LED offers homogenous luminosity and high intensity to be used in high power applications.
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