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Current and Projected Chip-On-Board Light Emitting Diodes Market size in terms of volume and value 2016-2026

02-13-2018 06:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Current and Projected Chip-On-Board Light Emitting Diodes

Chip-on-board light emitting diodes (COB LED) have several advantages over traditional lighting technologies such as increased thermal resistance, better lighting effect, larger cooling area and high light efficacy. Chip-on-board light emitting diodes also provide better color mixing which adds on to their wide range of industrial and commercial applications. Since the wide usage of COB LED, a variant of it has also emerged termed as multiple chip-on-board light emitting diode (MCOB). Though MCOB does not fulfill the standard lamp requirement for usage in spot light and floodlights, they are most efficient for low wattage situations like LED A19 bulbs.

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Chip-on-Board Light Emitting DiodesMarket: Drivers and Challenges

Chip-on-board light emitting diodes market is expected to grow at a positive rate due to urbanization and increased spending on infrastructure. Also, many lighting segments are preferring COB LED over other technologies such as incandescent lamp and CFL due to various benefits identified of making use of COB LED. In addition to this, constant technological advancements in design and cost saving through economies of scale are other driving factors of chip-on-board light emitting diodes market. The manufacturers of this technology are constantly focusing on finding new end use applications of chip-on-board light emitting diodes in order to expand the customer base of this market.

Uncertainties in the global economic condition can be a challenge which can slow down the growth of chip-on-board light emitting diodes market. Also, the manufacturing process of this technology is a bit complex as compared to its counterparts, which can also pose a threat for the demand of chip-on-board light emitting diodes market.

Chip-on-Board Light Emitting DiodesMarket: Segmentation

Segmentation on the basis of application:

Illumination

Residential

Commercial

Architecture

Hospitality

Outdoor

Industrial

Automotive

Interior Automotive Application

Exterior Automotive Application

Backlighting

LED television

Hand-held

Monitor

Screen display lighting

Others

Medical Equipment

Projectors

Chip-on-Board Light Emitting DiodesMarket: Recent Contracts/Deals

Few of the recent contracts/deals in Chip-on-Board Light Emitting Diodes market are listed below:

In November 2016, OSRAM Licht AGexpanded its presence in smart outdoor lighting systems by acquiring 47.5% stake in Tvilight B.V. (End-to-end street lighting control solutions)

In November 2016, Everlight Electronics Co. Ltd. will be showcasing its automotive and lighting products at Electronica 2016

In October 2016, Lumileds Holding B.V. introduced LUXEON 5050, a multi-die high power package that provides high flux at high efficacy to enable system designers to reduce LED count and cost in outdoor and indoor fixtures

In October 2106, Cree, Inc. introduced new XLamp XQ-E and XP-E High Efficiency (HE) Photo Red LEDs that is optimized for horticulture sector

In May 2016, Everlight Electronics Co. Ltd. launched four new ceramic high reflective packaged high power automotive LEDs with a Golden Lead Frame for exterior automotive applications

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Chip-on-Board Light Emitting DiodesMarket: Regional Overview

Chip-on-Board Light Emitting Diodes market is currently dominated by Asia Pacific region due to several initiatives taken by the government for adopting COB LED and large number of manufacturers of this technology, especially in China, Japan and Taiwan. North America and Europe chip-on-board light emitting diodes market is gaining traction due to usage of modern lighting across various industries. MEA region is also picking up pace, especially Dubai, owning to huge investments in infrastructure activities.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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